investment chatter -- Psualum Forum

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Subject: investment chatter

Author:
Donnie

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Date Posted: 23:06:31 12/04/12 Tue

Roth IRA:

I am using Vanguard to do that as well. I opened up an IRA account for myself and Ali. I am funding both 100% with the VTSMX for $5k. This has a low expense ratio and when I dump in another $5k in each next year, we will qualify for Admiral funds with an even lower expense ratio.

Hafer, open your shit up with Vanguard. It is really simple to do. It did not even take a phone call to wrap up everything.

As for the 529, I picked the Vanguard Nevada plan because I was not going to get any tax breaks using the PA plan. The Nevada plan has an expense ratio of .25% (which is the lowest of any plan I could use). I did not want to go the prepaid route because I do not expect college tuition rates to continue to increase at 5-6% a year without that bubble bursting.

I am using the Vanguard aggressive growth portfolio option. These target plans will change allocations as the child approaches college age and will automatically become more conservative. I want to be as aggressive as possible with these plans in the hopes of actually making an ok return on my investment -- if things don't work out that way, I will deal with things then.

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