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UTGrad98

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Posts posted by UTGrad98

  1. My wife originally worked for an international bank but didnt have to pay taxes as she wasnt a US citizen. When we moved they kept her on and she worked remotely for the last 7 years but as a 1099. She became a US citizen in that time and went from paying no taxes to paying both employee and employer taxes. Well since covid, her bank has been moving more to remote work and 2 days ago they hired her as a full time employee with all benefits. This has alleviated so much of my stress since my job was our only way to get good medical insurance. Her insurance is now better than mine and she is taking our son and moving him to her bank's insurance plan which frees up 450 dollars a month for me. Together we net +300 a month with the change. She and I spoke again today and it looks like we will be moving to Mexico in about 26 months if our plan holds. We will keep our home here in Dallas and rent it out for a couple years and see how things go. She wants to work until she hits 65 and now there is a better path forward with her work and our family as her work employee contracts are for 5 years at a time. This will allow me to possibly go PRN remote with my job or just quit altogether once we move. I have a renewed sense of excitement about the near future and all the stress of being the primary provider with insurance is now gone. Was a good weekend. 

    On a side note, is corporate housing a real thing? I was looking today and saw some people rent their homes out to companies for their employees. Seems like that would be a better option than interviewing families and dealing with all that shit every 12 months or so.

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  2. All I can think about is how long my wife and I, or really me and any other human being, would have made it out there in a 400 Sq foot cabin. 12 years. Holy shit dude. Talk about finding your soul mate. 

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  3. 6 hours ago, Storm the Field said:

    Potential to be cold as shit (by Texas standards) next Thursday-Saturday. Seeing lows in the high 20's in Houston, low 20's in CenTex. Teens in Dallas. Decent chunk of the state may see prolonged periods 10-20 below freezing and there's potential that millions of Texans will be dealing with snow or freezing rain. 

     

    I'm sure someone will get around to checking the grids on Wednesday to make sure we have enough power to get through this with no issues. 

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  4. 3 hours ago, Johnny Sack said:

    It is beyond frustrating that our leadership and heath care professionals who are on tv all the time don't explicitly state this enough where everyone can understand the actual risks.  There is a sizeable part of our population who truly believes if they get Covid it's 50-50 on whether they end up on a ventilator.

    If we were better than what we are I would agree with you. 

  5. 1 hour ago, Horn Dog said:

    Same here.  I still don't completely understand how to separate recent from old contributions from the traditional IRA for the backdoor Roth conversion.   Have you found any clearly written, non technical articles explaining exactly how to do this from a preexisting IRA without fucking yourself with the IRS? 

    No but that isn't my particular situation. I would not want to begin to give you any advice on your issues. I have a 401k with my company. I created an IRA with vanguard and literally put in 6k a year then immediately transfer the balance over. My individual IRA is at 0 dollars. I actually think I have screwed up the past 2 years because my company may offer a mega back door Roth as well. I always thought it was either or and never educated myself on what a mega back door Roth IRA was. So I chose to put my money in the company 401k and not the Roth ira. Turns out i may be able to put up to 33k each year into the company Roth IRA in addition to the 19.5k I put into the 401k. Seems too good to be true but I am  reading more companies are doing this. Perhaps some one more educated than myself can comment.

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  6. 2 hours ago, troph said:

    actually no, if it's important to you, you keep at it. that's why this retire early song is so annoying to those of us who are working and have our shit together. some of us actually like working, even working hard.  being professionally irrelevant is a nightmare for some of us and for the FIRE crowd to say, well you poor schmuck's don't get it is all full of judgement.  I have had really nice balance in my life since 2016, I was 40 then. I'll manage my life in a way that I stay in balance hopefully until I fall and break my hip and say sayonara for good.  to me that's the ultimate. 

    as Mr. Miyagi said, "whole life have balance, everything be better."

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    I'm not sure people are saying that or even think that. If you are one of the few who loves what you do and make a good living, you got it right. I would venture to say most of us FIRE people got it wrong or just had no idea what we were getting into when we signed up. And so we have this drive to move on from the stress and finally see if we can get it right. 

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