Author Topic: Investing Help  (Read 530 times)

greaps

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Investing Help
« on: May 29, 2019, 03:55:02 PM »
Hi, 33 y/o (income 145,000), (home paid off, no mortgage) (no loans or debt)

I have a government job with a pension. I contribute the maximum to my 457b, and the maximum to my ROTH, and a separate ROTH for my wife. I have prepaid college for the kids.

What other options should I consider for additional investing preferably in a tax advantaged account? I am generally not interested in real estate for now as I won't have much of down payment without tapping my emergency funds. And realistically while investing 30k a year for retirement I don't see my bank accounts growing that quickly and would like ideas of where to put it now rather than in 5+ years from now when I have a larger down payment saved.

SwitchActiveDWG

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Re: Investing Help
« Reply #1 on: May 30, 2019, 06:54:58 AM »
Seems like you're on the right track. Do you have access to an HSA?

Can't think of too many other conventional things you could do with tax advantaged accounts. May be time to utilize a taxable brokerage account, learn about capital gain/loss harvesting, tax optimization in this type of account, etc...

Car Jack

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Re: Investing Help
« Reply #2 on: May 30, 2019, 07:03:17 AM »
US Savings bonds.  $10k for each member of your family and overpay your federal taxes to get $5k in paper bonds as a refund.

reeshau

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Re: Investing Help
« Reply #3 on: May 30, 2019, 08:19:27 AM »
US Savings bonds.  $10k for each member of your family and overpay your federal taxes to get $5k in paper bonds as a refund.

Wow, that's an interesting way to go crazy on savings bonds!

If I was 33, I would still much rather buy VTSAX in a taxable account.  Keep it more than a year, and pay capital gains rates.  Enjoy the 7-10% per year, for your investing lifetime, vs. 30 years of the below:

November 1, 2018
Effective today, Series EE savings bonds issued November 2018 through April 2019 will earn an annual fixed rate of 0.10% and Series I savings bonds will earn a composite rate of 2.83%, a portion of which is indexed to inflation every six months. The EE bond fixed rate applies to a bondís 20-year original maturity. Bonds of both series have an interest-bearing life of 30 years.


--TreasuryDirect