User Profile

[MonkeyMama]

I wouldn't put a penny in a taxable mutual fund unless our ROTHs were maxed out first. As others mentioned. Might as well lock in the "tax-free...

[MonkeyMama]

I don't agree with this at all. Maxing out would be 67% of OP's income. The retirement max # is an arbitrary tax number that doesn't really mean anything....

[MonkeyMama]

My rule of thumb is if we can pay cash, we can afford it. It's very simple. (& I mean there is more to it. Must also have enough of an emergency fund...

[MonkeyMama]

Did you have a pre-tax change? Change in health insurance or change in retirement contributions?
If there's no other explanation I would change...

[MonkeyMama]

0.04%
I just enter my investments in Morningstar Instant X-Ray end of every year because it spits out a lot of useful data (Asset allocation, YTD...

[MonkeyMama]

Not sure, because you did not include your spouse's information. But are you happy with the $250k life insurance policy if something happens to you? It's...

[MonkeyMama]

Could be. Ally is the only "online bank" we probably use (that has no brick and mortar locations) and they sometimes have strange rules that...

[MonkeyMama]

All of their other accounts they have their own logins and debit cards. Which is why I wonder if this is just an Ally thing.
I just thought the...

[MonkeyMama]

P.S. I do NOT recommend Ally for UGMA accounts.

This thread reminded me that I felt it was an extraordinary PITA that I was not able to set...

[MonkeyMama]

We set up savings accounts with our credit union(CU), when our kids were little.
When they were 13 they could open checking accounts at our CU,...

[MonkeyMama]

Because you don't pay it evenly throughout the year. It's taxable (social security wages) earned that pay period x 6.2%. If this person is above the...

[MonkeyMama]

Exactly....

[MonkeyMama]

Net worth was up $105k in 2019. I am excited about that. It's always nice when your assets are working harder than you are.