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All Encompassing Investment and Financial Planning Thread for the Surly 99.5%
My plan is Roth conversions to fill up my tax bracket from the end of W2 income until RMDs kick in, once it gets closer and I understand the situation better I could fill the next bracket as well. Currently mid career, good income and large pretax balances so it will be a problem in the future.
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July 4th Hill Country Flooding Tragedy
- Financial Goals in 2025
Is this all funds (401k/IRA/Taxable) or just taxable? Congrats either way. I’m trying to build my taxable account as an early retirement bridge. Right now my taxable dividends are about 40% of my yearly spend- Hey Oil Barons.......
I just checked their job postings: India- 157 US- 4.- Financial Goals in 2025
I’m a big fan of my brokerage account, I’m funneling all of my bonuses and extra cash at the end of the month into mine with a blend of total market and dividend focus (VYM/HDEF). Dividends are close to providing half of a survival budget now and can fully cover our taxes, insurance and utilities. It also provides a big slush fund for emergencies. If I was going to pay off a house I’d create a sinking fund to put the funds into until I had enough for a lump sum payoff. Ignoring a recast, paying down a mortgage doesn’t change the monthly payment but does reduce the amount of cash you have available to make the payments in an emergency. I aggressively paid down a 2.5% mortgage from 2020-2023 and half regret it now, I would be in a better place if I would have invested all of that cash and then paid off the mortgage when I had enough.- Markets still falling like whoa
True but going from ITOT to VTI is probably not. I got caught up in a wash sale from a spinoff where Fidelity sold a partial share at the spin and then I bought more shares to get an even lot. Luckily it was small money so it didn’t matter in the end. Tracking same stock wash sales is pretty straightforward, I’m curious if the brokerages have a cross reference table to identify “significantly similar” funds, such as ITOT and VTI.- Markets still falling like whoa
What do you mean? You can write off $100k in gains with $100k in losses for a net $0 capital gain tax. Am I missing something more than basic gain and loss taxes?- Markets still falling like whoa
For everyone that is going to TLH just remember not to buy the same or a “significantly similar” security for at least 30 days or you will create a wash sale and nullify your loss.- Blended Families and Inheritances
My mom and stepdad got married when I was 8, he had two boys a few years older. They did their estate planning a few years ago and set up a trust for each of us, the trust are set to lock at the death of either of them. Hopefully that prevents any of the horror stories of a new spouse taking it all but I guess the survivor could empty the trust and give it away.- Jason Isbell, Sturgill Simpson, Chris Stapleton, and Other Good Stuff
They sold 180,000 tickets for 4 shows, absolutely unbelievable. Stillwater may never recover.- Do you FIRE? Financial Independence, Retire Early
@Not a cat did a good breakdown. Here is an old pre TCJA discussion on Bogleheads on the topic, it revolved around efficient use of taxable and Roth accounts and a smart use of tax loss harvesting. It’s even easier now with the inflation in tax brackets and changes in the laws as mentioned above. https://www.bogleheads.org/forum/viewtopic.php?t=87471&sid=2e26392f07ba9615c597bb23afc4ae15- All Encompassing Investment and Financial Planning Thread for the Surly 99.5%
Ibonds have no interest rate risk to their value which is why I am using them as an inflation indexed cash equivalent.- All Encompassing Investment and Financial Planning Thread for the Surly 99.5%
I’m using Ibonds as a leg in my cash equivalent to maintain purchasing power. They take a while to build up a decent amount but I’ll hit one year of expenses with my purchase in January, 2025. I plan to keep buying them as long as I can and as the amount continues to grows I’ll probably start reducing my cash holdings.- Do you FIRE? Financial Independence, Retire Early
Kind of depends on how you want to look at it. The Boglehead guys will include taxes for purposes of estimating retirement readiness since you will have to pay taxes out of your savings as well. That’s probably the most complete approach. The challenge is figuring out what your tax liability will be in the future, the most conservative method and the correct one if everything is in a 401k/IRA is to just calculate off of current income tax rates. It gets a little more complicated if you’re using a blend of cash, taxable accounts, and tax deferred accounts. You can get close to $100,000 a year tax free if you work it just right with a blend of accounts.- Do you FIRE? Financial Independence, Retire Early
An easy way to talk about this without using real numbers is in relation to yearly spend as X, i.e. if you spend $100,000 a year and have $2.5M you’re at 25X. Using the X discussion lets everyone scale up and down for their situation. - Financial Goals in 2025
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