Search results

Thanks for replies. The Traditional Ira is a rollover Ira from the 401k at my previous employer, so all the money is pre-tax. But since it is such a small amount it seems to make sense to do the conversion now, before any more contributions are made. That way, we don't pay taxes on that money...

Background info: Married, wife pregnant with one child Ages 35, 33 Income: Joint gross for 2012 $306,000 Goals: Be able to retire in 50s (15-20 years) Current Savings (only been working 1 year) - Emergency Fund $25,000; traditional IRA $23,000; 401K $35,000; Taxable Account $7000 Currently...

I actually have the option of transitioning to private practice after 3 years (no non-compete clause). I did not even think about it, but extra tax deferred savings could be another reason to do that. Thanks to everyone for all the great advice.

Thanks again. LOL!, I think my post may have been confusing. I did not think that I needed a multiple funds in each account, I was just giving the funds I would use for each account if I needed to place that asset class there. I would keep all our bonds in our 457/401 plans, put some S&P 500...

The $60,000 is the least that we will save each yr. Gross salary is $300,000. If our salary goes up, we will save a higher percent (ie only increase our spending by inflation). If we have extra money in our checking account at the end of the month, we will save that as well.

Thanks for the replies Thanks to everyone for the advice. I did read several sources, including Boglehead's Guide to Investing, Little Book of Commonsense investing, Retire Early and Live Well, Work Less Live More, etc. That may be part of the problem, ie getting a lot of different advice...

Thanks for the welcoming Thanks. My loans were substantial (140K), but my soon to be employer is paying them off over the next 5 years, so I did not count them.

Hello, everyone. Newbie to the forum, also have a post in the "Hi, I am" forum. My DW and I are starting our financial planning. Here is some basics: Current savings: 401K with $10,000, 100% in S&P 500 Index Fund Goal: ER in 20-25 years with 4% intial withdrawal Saving: at least 20% of...

Hello all! Glad to find this inspirational forum. Some basics on my family: Married, no kids, 2 dogs that my DW thinks are kids. We plan to have 1 child in the next couple of years. Ages: 33 (me), 30 (DW) Occupation: physician (me;completing training 2012), lawyer (DW) Combined Future...