Recent content by RockSplat

When I'm stuck on things I read books. Since posting this I was reminded of a few things like how important it is to be on the other side of the tax fence. I finally started using a CPA and have saved thousands since making that choice. I am considering a financial advisor however I drank the...

Just called Vanguard and they can do everything that my FA friend can do. I didn't realize they would look at outside investments and assets taking them into consideration. I'm taking that route. Thanks so much everyone! I'll check out the links too.

I agree with you. I can get a "financial plan" from Vanguard for $250. This would be flat fee and not necessarily "portfolio management". Perhaps that is my best bet if I choose not to be full blown CFP'ed?

Thanks! I actually have a friend in mind but have put him off for years since it was simple while attacking the mortgage with non retirement $. Now I don't have anything to attack. It's mind numbing to compare the cost of Vanguard to a managed wrap account and loaded fund. I guess there are...

Thanks... I wish there was a simple mutual fund I could buy into to do the tax efficiency for me. I'm not fit for making those kinds of decisions and setups.

Yikes. :) I appreciate the advice, really very much but I'm thinking I should start thinking Financial Advisor as much as I've feared them. I drank the index/Bogle kool aid but I think my situation is much more complicated now than it used to be. I'm worried I will make a wrong decision.

Can the Target retirement funds be purchased in non retirement accounts? I'm hoping to find a target or lifecycle fund for the cash side. Think I should go to a Financial Advisor for the non retirement side for a while until I get a plan together? I also have the opt of paying Vanguard $250 for...

Yeah I have the kid college covered. I didn't included that since it's not really an expense. I'm thinking short term with all of this. I just need to get on track and put the income in the right place. :) I work in the info tech field. Is there a simple Vanguard target fund that I could jump...

Thanks, we do live simple. No debt or mortgage really got our expenses down. We like it that way. I am hanging on to the job since I feel that I can take that income and build other income through investing. What do doctors do with their extra cash? By the way health insurance is provided...

By passive income I mean basically getting actual cash (if I want it) from investments or I could simply re-invest. Basically building another paycheck if that makes sense. Thanks for the dividend idea. Which vanguard fund should I go for? Looking for something that can be automated. Thanks!

Hello! I am in Target Retirement 2030 for retirement but looking to grow the non-retirement side. Hopefully in 5-7 years or so have a stream of income. I like the idea of all-in-one funds since I don't want to spend much time at all. Any idea what fund to use since it's not retirement?

Hi. I am looking for some advice and it's much appreciated. I am 32, married and 2 kids (4 years and 1 year). Wife's Job: $25,000 My Full Time Job: $95,000 My Side Business: $75,000-$115,000 Monthly Living Expenses: $2,500 Net Worth: $460,000 I'm looking to invest to generate a cash income...

I probably could if I wanted to dig further but I have always had the impression that it is unwise to try to time the market by any means. I'm no expert though, I like things to be ultra simple. After seeing the comments in this thread it seems that it's not too crazy to just try to keep course...

Thank you for your feedback! I have everything set up financially such as life insurance, good amounts going to kids college, etc. I really like how Vanguard guides you in certain areas. I don't want to spend any time monitoring or messing around with the funds, etc. and that's why I chose the...

I cut my ties with my financial advisor a year or so back. I had another friend really really want my business. Of course, eh? So like a lot of people my portfolio took a dive. I'm only 33 but there's about $350K in there. It's going to be a while before I retire I suppose so when it takes a...