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About Kim Parr

Kim Parr is a private practice optometrist, freelance writer, and personal financial blogger. You can follow her journey to 20/20 financial vision at Eyes on the Dollar.

12 comments

  1. I’m definitely the first one! I believe in spreading my eggs to so many baskets to minimize my overall investing risk.

    • Yes, being diversified is a must. Which, btw, is why NO ONE should allow a huge chunk of their 401k to remain in employer-contributed company stock.

      But being diversified can mean very different things. Take my portfolio, for example. It is 100% stocks. Which some people would jump up and down at, screaming I am not diversified. But my perspective is different. My stock portfolio is set up so that no company’s stock represents more than 5% of the portfolio’s book value. To me, that’s diversified.

      Different strokes for different folks.

  2. I don’t really care how people invest, but I want to see them investing, so whatever mode works for them, works for me. I have had my investment accounts in one place for years, but I have thought about trying other sites like Betterment or Motif. My problem is that I love consolidation and hate having accounts all over the place, so that prevents me from making a change, but I am thinking about doing something similar to you and opening up an account for my son on Motif.

    • I like having everything in one place as well, and Vanguard is easy, but I do think investing outside of tax deferred accounts works better with some of the other platforms available currently. Since we aren’t investing tons outside of retirement right now, I don’t want it all taken away by fees!

  3. I love HSA administrators! I wish we could still contribute to our HSA. We no longer can since we joined a healthcare sharing ministry. Fortunately, we have a bunch of money in there. Hopefully it will continue to grow over time if we don’t have to use it for medical bills.

    • I would be really sad if we had to raid our HSA, but it makes me feel more secure knowing it’s there. I do worry that our plan will get cancelled and we will be in the same boat you’re in insurance wise. I guess we’ll save as much as we can in the HSA while we have the chance.

  4. This coming year, we’re going to focus on making up for lost time with our retirement accounts. I’ll be opening a SEP in addition to my Roth. I’m an S-corp, so I can only put in 25% of the salary I pay myself. But that would still be around $12,500. We can also open a Roth in my husband’s name.

    Another investment will be a rental property. We’ll need to save for at least three or four years, but I think it would be an excellent thing to have in retirement.

    • The SEP is a great idea. I love rental property, but it did take us a long time to save up and find the right property to get started down that road.

  5. Great post and I wrote a post with similar suggestions a few months back. It’s awesome how many different ways you can invest. I have a lot of fun investing my HSA and continue to funnel money into the investment portion of it. Since we finally are having a good year health-wise (knock on wood) with no surgeries, it’s nice to see the amount go up. I think the challenge isn’t choosing where or how to invest, but coming up with the money to invest. Not knowing exactly where to invest is a good problem to have!

    • Having enough money is an issue, but I think people could probably invest more than they think if they really put their minds into it and make it a priority.

  6. We take advantage of the 403(b) match and are at 10% with the 403(b). I would like to be able to put more into our Roths but it doesn’t seem to make sense when we are paying interest on credit cards. Oh, how I would love to be able to contribute to them all!

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