13 thoughts on “How I Invest – Accounts”

  1. Thanks for sharing, Matt.

    I really think the income limits for deductible IRA contributions and Roths are too low, as are the contribution limits for folks who aren’t eligible for retirement plans through work or the plans that are available to self-employed folks. And of course, the discussion on reducing the 401(k) limits has been pretty scary too. Considering how few people have saved enough for retirement, you’d think the government would address things to allow more saving, not less.
    Emily @ JohnJaneDoe recently posted…Tales of a Gardening Wannabe: Fall Gardening EditionMy Profile

    1. For sure. I don’t know the numbers on how much removing the income limit entirely would cost, but I wonder if that might make sense. It doesn’t seem like it would be that costly and if people are doing backdoor Roths anyway, then we are really only harming the people that are doing less research, which are probably the people that are not great with money in the first place.

      The 401(k) reduction talk is pretty crazy. Given that we are in a retirement crisis and 401(k)s were supposed to be a (really half-assed) replacement for pensions, there is no world in which we should be making it harder to save.

      Thanks for the comment, Emily.
      Matt recently posted…How to Succeed in the Modern EconomyMy Profile

  2. I use all of those as well. In 2018, I hope to keep building the balances in each bucket.

    If you’re at fincon, I’d love to chat since it seems we probably have a lot in common with personality and books!

    1. I’m skeptical of FSAs generally. I don’t like the idea of losing money that I don’t spend. It probably makes sense to use it by thinking through how much you expect to spend on medical bills, but it seems like a lot of people end up spending a bunch of unnecessary money at the end of the year just to avoid losing it.

      Thanks for stopping by!
      Matt recently posted…FinCon and a New DirectionMy Profile

  3. Hey Matt. While working Mrs Groovy and I each had the 401(k) and the Roth. I also had an HSA. And we both shared joint brokerage accounts with Fidelity and Vanguard. I love my HSA, and would have loved maintaining it in retirement. But Mrs Groovy was intimidated by an $11k deductible. Oh, well. What can I do? She’s the boss. Anyway, great review of the various investment vehicles. I look forward to reading what funds you’re investing via those vehicles. Cheers, my friend.

    1. An $11,000 deductible is quite intimidating! My high-deductible plan had a family deductible of $2,600, which is the lowest deductible you can have while still being considered a high-deductible plan.

      Fidelity and Vanguard are both great. My wife’s work accounts are at Fidelity and their Spartan funds compete with the lowest fee Vanguard funds.

      Thanks for the comment, Mr. G!
      Matt recently posted…FinCon and a New DirectionMy Profile

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