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Registered on:7/26/2011
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re: Here's how much money you should have saved at every age - stonerolledaway
do not focus on salary or income, focus on expenses and try to get 25 times expenses to retire. the best thing about saving isn't the money in an account but keeping expenses down and life style creep in check. ...
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re: Personal Finance Lessons from Ben Franklin - stonerolledaway
8. The Accumulation of Money Is a Means to an End Luke 12:15 - And He said to them, "Take heed and beware of covetousness, for one's life does not consist in the abundance of the things he possesses." 12:16 - Then He spoke a parable to them, saying: "The ground of a certain rich man yielded plen...
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re: Personal Finance Lessons from Ben Franklin - stonerolledaway
3. Invest in Yourself "If you want to have more time and money in the long-term, then in the short-term you need to invest some of your money, and a lot of your time, in yourself. Instead of squandering these valuable resources on fleeting pleasures, invest them in things that further your healt...
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re: Personal Finance Lessons from Ben Franklin - stonerolledaway
2. Be Self-Sufficient "he escapes the frequent vexation of waiting for barbers, and of their sometimes dirty fingers, offensive breaths, and dull razors; he shaves when most convenient to him, and enjoys daily the pleasure of its being done with a good instrument." slightly different but I can...
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re: Personal Finance Lessons from Ben Franklin - stonerolledaway
1. Understand the True Value of Things When I take a little time and with patience you can avoid the trendy price phase of many items. ...
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re: Help Pick Funds for 529 Plan - stonerolledaway
VITPX is a total stock market index fund. there really is no need for other stock funds since it captures the entire stock market return minus the low expense ratio. The only other funds would be a bond index fund. I currently have about 60% stock and 40% bond and probably will keep that allocation ...
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re: HSA as super retirement vehicle - stonerolledaway
[quote]If an individual was to switch to a traditional PPO insurance plan, won't he then be taxed on his HSA holdings?[/quote] as far as I know, the HSA is your account and safe from taxes as long as it is for medical expenses. If you switch plans, the contributions cease but the account continue...
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re: HSA as super retirement vehicle - stonerolledaway
hard to beat the triple tax advantage...the employer match...the incentive to be healthier...the fact that it is YOUR account...and the ability to treat as a traditional ira at age 65... traditional ira - tax free deposits >> tax free growth >> taxed withdrawals. roth ira - taxed deposits >> ...
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re: Help Pick Funds for 529 Plan - stonerolledaway
If you were 100% in VITPX, that is aggressive being 100% in stocks. Not sure what 'aggressive age-based' fund means but if it is not an index fund it probably has higher expense ratio and other costs trying to be 'aggressive'. ...
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re: Help Pick Funds for 529 Plan - stonerolledaway
VITPX .02% expense ratio, own the whole US market, move on with your life....
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re: Help Pick Funds for 529 Plan - stonerolledaway
the word 'feels' is not your friend when it comes to investing. If you are in for the long haul who gives a crap if it corrects soon. Actually at that point be happy because now you are buying on sale or so it 'feels'. The main thing is do not focus on what the market may or may not do, but on savin...
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re: Best way to payoff mortgage early? - stonerolledaway
I used a similar tactic back early in career by taking half of a raise home and half would go into maxing out 457 plan and after that maxing out a roth ira as well....
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re: Best way to payoff mortgage early? - stonerolledaway
For me I want that mortgage out of there no matter how good the interest rate is. It is a guaranteed return to not pay others interest. Don't fall into the prediction that some investments have beaten my mortgage rate and therefore going forward it will be the same. Also, what if you lose your job? ...
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re: What % of net income - stonerolledaway
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” Albert Einstein...
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re: What % of net income - stonerolledaway
paid the house off early, it was accelerated by a small inheritance. One huge advantage is I have been there 20 years next year. Highly recommend buying smart, reasonable size house in a good area. Not being chased out by the neighborhood going downhill is worth a hundred grand. Not flooding was wor...
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re: What % of net income - stonerolledaway
savings max out tax advantaged accounts fund after tax as possible debt become debt free as soon as possible, do not pay others interest bills pay in full each month and ask if really needed spending enjoy experiences and not stuff unless the stuff allow you to enjoy experiences ...
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re: Should I continue with my Advisor? - stonerolledaway
Check the cost of the advisor and the funds chosen by him. Having a vanguard account requires absolutely zero market studying. I have found I am comfortable with about 65% stocks and 35% bonds. All you need is the total stock market index fund and the total bond market index fund which owns the e...
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re: Someone explain to me what a Roth IRA is - stonerolledaway
traditional ira - tax free deposits >> tax free growth >> taxed withdrawals. roth ira - taxed deposits >> tax free growth >> tax free withdrawals. Health Savings Account - tax free deposits >> tax free growth >> tax free withdrawals for medical....
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re: Anyone else currently sitting on the sideline in the stock market? - stonerolledaway
market timing is a loser's game...the important thing is are you saving enough......
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re: Question About EBR Property Tax - stonerolledaway
This is highly questionable and splitting hairs, for years the check is written in December but not cashed until January with no problems at all. the 2016 deduction should probably be taken on your 2016 taxes, not an expert, ymmv......
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