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LouisLitt
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| Number of Posts: | 3 |
| Registered on: | 4/16/2018 |
| Online Status: | Not Online |
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I am doing the full 18500 a year for my 401k. Good question. I am comfortable with risk. I don't plan on touching this extra 1000 a month I have to invest for 30 or 40 years
1
Michigan has lost like 13/14 to Ohio state. These things go in cycles. It won't be until after Saban hangs it up. Worst case we are looking at like 2027-2030
Investment plan guidance
Posted by LouisLitt on 4/17/18 at 10:44 am
Good Morning Everyone,
Long time lurker who has decided to start an account to get some help and give back as well. Thank you to all of you who give such great advice.
My financial situation.
Married filing jointly. Only one working. 30 years old.
I am maxing out my 401k contribution. Company matches at 4 %.
Spouse and I both have traditional IRAs but we are nearing the point where I won't get the tax deduction due to income limits. I am thinking about rolling my traditional IRA to my 401k to compound and opening a Roth since I am below those earnings limits.
Emergency fund is funded for a year of expenses earning 1.50 percent in a savings account.
I have about $1000 a month that I have open now since the emergency fund is funded for a year. IRAs are with vanguard.
30 Term life insurance policy runs until I am 58.
Should I just put the $1000 a month in an index fund with vanguard? What fund would you suggest if so? Thanks in advance
I am also looking at a 529 plan for future kids. Thanks in advance!
ETA. 30 year mortgage is not subjected to pmi. I could throw money on the mortgage but I feel like I can make more than 4 % in the market. Just need some help where I should put it since my free money won't be tax advantaged.
Long time lurker who has decided to start an account to get some help and give back as well. Thank you to all of you who give such great advice.
My financial situation.
Married filing jointly. Only one working. 30 years old.
I am maxing out my 401k contribution. Company matches at 4 %.
Spouse and I both have traditional IRAs but we are nearing the point where I won't get the tax deduction due to income limits. I am thinking about rolling my traditional IRA to my 401k to compound and opening a Roth since I am below those earnings limits.
Emergency fund is funded for a year of expenses earning 1.50 percent in a savings account.
I have about $1000 a month that I have open now since the emergency fund is funded for a year. IRAs are with vanguard.
30 Term life insurance policy runs until I am 58.
Should I just put the $1000 a month in an index fund with vanguard? What fund would you suggest if so? Thanks in advance
I am also looking at a 529 plan for future kids. Thanks in advance!
ETA. 30 year mortgage is not subjected to pmi. I could throw money on the mortgage but I feel like I can make more than 4 % in the market. Just need some help where I should put it since my free money won't be tax advantaged.
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