529 Accounts: The Basics Part 2
Continuing from last week, here is the remainder of Dr. Anne Champeaux’s guest post on the basics of 529 accounts. What plan should I open? #1 State Tax Benefits There are 50 states and 50 plans. You can own a plan in any state. Are you confused what state website to go to for opening […]
529 Accounts: The Basics Part 1
This is a two-part guest post written by Dr. Anne Champeaux, MD. Dr Champeaux is well versed with 529 accounts and has often shared her knowledge on social media groups. I asked her to write a post on it and she graciously obliged. We have no financial relationship. Geez College is Expensive…. For physicians, the […]
Asset Allocation: The Basics Part 2
Let’s continue last week’s discussion on Asset Allocation here in Part 2. Slice and Dice Portfolio We left off in Part 1 of Asset Allocation: The Basics with considering asset sub-classes within equities to consider, if you want to slice and dice your portfolio. Apart from the subclasses you can add to the U.S. equities, […]
Asset Allocation: The Basics Part 1
You’re sitting down to write your Investment Policy Statement. You have a couple of hours set aside for it, and your favorite mug is steaming or fizzing full of your favorite beverage. You know your goals- how much you need and when to get there. You know you have to invest. But how, that is […]
My Retirement Asset Allocation
I have written about the basics of asset allocation. Today I would like to lay out what my own retirement asset allocation looks like. Lazy Portfolio I’m a set it and forget it kind of person. So the lazy portfolio works perfectly for me. I have decided on an asset allocation I can live with […]
If You Can: The 5-minute Version
Dr William J. Bernstein is a neurologist, author and financial theorist. He has several books to his credit. Among them is If You Can: How Millennials Can Get Rich Slowly, written in 2014. It is available as a pdf document, freely downloadable here. If you’d rather hold a book and turn its pages, it’s right […]
How to Open a Roth IRA for Kids
Last year, I hired my kids to model for this blog. That evidence is all over this site. Their earnings from this gig is modest, though a tad better than the $6 from their lemonade stand last summer. So, I thought I’d open a Roth IRA for the kids and make their contributions for 2019, […]
How To Open A Taxable Account At Vanguard
Last week we saw that most of us will need a regular brokerage account, or taxable account, to house our savings, especially as we pay off student loans and have more to invest. Today, we go through the steps of opening a taxable account. I am using Vanguard as an example since many of us […]
Taxable Account: The Good, Bad and Ugly
I often see this question posed on social media, “I max out my work retirement accounts and still have some money I could save for the future. What do I do with it?” Or, “I‘ve just finished paying off my student loans… woohoo!! What do I do with the couple of thousand dollars I’ll have […]