Search results

Can anyone suggest an online tool where you can plug in the ticker symbols for all of my mutual fund and stocks so I can see how much overlap there is in my portfolio? Over my Roth IRA, Roth 401(k), SepIRA, Traditional 401(k) and my taxable account I have 12 mutual funds, plus many individual...

Anyone else bumping up on the $500,000 per couple primary residence exclusion and wondering if they should sell and move? Per the IRS: If you meet certain conditions, you may exclude the first $250,000 of gain from the sale of your home from your income and avoid paying taxes on it. The...

I have a Roth 401(k) at an old employer. If I roll it over to Roth IRA, do I have to wait 5 years to draw like I would with a traditional Roth conversion rollover? *By way of background, I am 54 so this is not a problem today as I have 5+ years, but if the 5 year rule DOES apply, then I would...

Like many here I enjoy reading online financial advice columnists as part of my research on how to best manage my money so I can FIRE. In reading these online financial advice columns it hit me that someone should pull together a collection of the most ridiculous online financial advice...

What am I missing in my understanding of the annuities mentioned in this CNBC article? Here is the example from the article: If a 65-year-old male were to use $100,000 to purchase a fixed annuity to start paying out immediately, he would get about $487 per month for the rest of his life, or...

Assumptions: (A) You have reached 59.5 so you can access your retirement accounts penalty fee. (B) You have a sizable Traditional 401(k)/IRA and a sizable Roth 401(k)/Roth IRA. Question 1: Which do you draw from first? I have a number of years to think this one through as I am only 51 and...

I was just talking to a friend who has a pension through work. My comment was something along the lines of: "I have my 401(k), SepIRA, Roths, but using the 4% rule, it takes a significant nest egg to replace a salary. Each million at 4% is only $40,000 annually. Meaning, I need $2.5M invested...

Just saw this post on CNBC suggesting you should shoot for $3M by age 50 by merely investing $5k per month from age 22 - 50. https://www.cnbc.com/2021/03/19/retire-by-50-how-much-you-need-to-invest-to-save-3-million-.html I’m sorry, but are the NYC journalists at CNBC woefully out of touch, or...

I am looking for a solid app that I can download on my iPhone to create a budget. Any recommendations based on positive experience? Thanks.

What is your usual vehicle buying habit? (1) PAY CASH for a NEW vehicle and drive it into the ground (not worried about resale of trade in value). (2) FINANCE a NEW vehicle and drive it into the ground (not worried about resale of trade in value). (3) PAY CASH for a NEW vehicle, but TRADE...

I am in the process of researching mutual funds for a SepIRA and I am experiencing analysis paralysis. Does anyone have a suggestion for a useful website that I can use to narrow options, and maybe where I can plug in what funds I already have so I can make sure I am diversified? Thanks.

I have had a banking relationship (personal and business) with Wells Fargo for years. I heard about their problems opening accounts with customers, but with mid-seven figures under management in their private bank, I expected they would be more careful with my relationship. However, there has...

For the 1st 14 years of my employment at my former employer I contributed to a traditional 401k, then for the last 6 years of my employment at my former employer my employer added a Roth 401k option and I was one of the few who elected to contribute to a Roth 401k. My entire 401k portfolio from...

Had a good year financially, so about to pay off our only debt, the $170,000 balance on our mortgage. We live on the coast, so homeowners insurance, wind insurance, flood insurance and of course property taxes are all collected and paid through the bank’s escrow. Has anyone here paid off their...

I had an unusually profitable year at work and have enough in the business operating account so that after taxes are paid and SepIRA funded to pay off the Mortgage on our primary residence. We are 48 and 50 and this is our only debt (we pay cash for cars, kids' college funds fully funded, etc.)...

I have the 401(k) account that I started at my former employer that I religiously contributed to since 1997 (the date I was first able to contribute) until 2017 when I left to start my own business. In 1997, I contributed $9,500.00 and got my match, then each year I made sure to increase my...

I finally pulled the plug after 20 years working for a big firm, and decided to be my own boss. My question is what to do with my 401(k)? $150K in a Roth 401(k), with the remaining $600k is a conventional $401(k). It is invested in a handful of mutual funds mirroring Dave Ramsey's...

I am 45 and plan to retire at age 54. I have a dedicated amount per month going to my Roth 401(k), and a dedicated amount per month going to my non tax deferred bridge account (to carry me from 54 - 59.5), and my house is scheduled to be paid off at age 54, so everything is shaping up according...