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Post by minnesotapaintlady on Feb 23, 2024 14:17:07 GMT -5
I have to post this today because tomorrow it will probably be gone. Retirement accounts have TWO COMMAS now! Just barely. $1,004,785.00  woohoo!!!! whens the party?  I bought a $3 bag of Starburst Jelly Beans last night and celebrated watching $2/month Hulu in my 97 Camry while waiting for Carrot to get done with practice. Living the dream!  |
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Rukh O'Rorke
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Post by Rukh O'Rorke on Feb 24, 2024 10:36:36 GMT -5
woohoo!!!! whens the party? I bought a $3 bag of Starburst Jelly Beans last night and celebrated watching $2/month Hulu in my 97 Camry while waiting for Carrot to get done with practice. Living the dream! wondered how you slept last night? Any change in plans for retirement? asking for a friend..... |
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Post by minnesotapaintlady on Feb 24, 2024 15:26:19 GMT -5
I bought a $3 bag of Starburst Jelly Beans last night and celebrated watching $2/month Hulu in my 97 Camry while waiting for Carrot to get done with practice. Living the dream! wondered how you slept last night? Any change in plans for retirement? asking for a friend..... No plan changes. I still have 200K to go to even hit my FI number and no intentions of quitting before mid-2028 regardless, so just swimming along.
eta: I just plugged $1,000,000 into Firecalc with a 5 year time horizon with no contributions or withdrawals and this is what it kicked out based on past cycles.
So, I could end up at only HALF my FI number in 5 years!  It looks like most fell in the 1.1 to 1.6M range on the chart though, so just going to keep crossing my fingers and throwing money in. |
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,602
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Post by Ombud on Feb 29, 2024 14:11:03 GMT -5
| Schwab Accts: | % | | Jan 31, 2023: | 1,052,825 | | Stocks | 932,553 | 85% | | Fixed Income | 167,414 | 15% | | Current | 1,099,967 | | Difference | +47,142
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Was briefly over $1,100,000 but just briefly. |
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Post by minnesotapaintlady on Feb 29, 2024 19:27:57 GMT -5
Held on to the two commas in retirement for a week! Also, another all-time high for NW with a 3.42% increase for the month. Paid off the cruise left on my 0% credit card, but added a 23K HELOC for the siding a few weeks ago. Mortgage - $71,649 HELOC - $18,715 (goal of paying off by 12/25)
CC debt - $0 Total Debt $90,364Cash and Savings - $54,684 (35K for contractor and 11K bonds for Carrot's tuition so savings is actually pretty low) 529s - $67,799 (cashed in the $1800 ESA to put towards HELOC) Retirement - $1,007,943 House - $300,000 Total Assets $1,430,426Net Worth $1,340,062
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Rukh O'Rorke
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Post by Rukh O'Rorke on Mar 1, 2024 10:21:51 GMT -5
Held on to the two commas in retirement for a week! Also, another all-time high for NW with a 3.42% increase for the month. Paid off the cruise left on my 0% credit card, but added a 23K HELOC for the siding a few weeks ago. Mortgage - $71,649 HELOC - $18,715 (goal of paying off by 12/25)
CC debt - $0 Total Debt $90,364Cash and Savings - $54,684 (35K for contractor and 11K bonds for Carrot's tuition so savings is actually pretty low) 529s - $67,799 (cashed in the $1800 ESA to put towards HELOC) Retirement - $1,007,943 House - $300,000 Total Assets $1,430,426Net Worth $1,340,062
yay! holding on to the double comma in retirements!  |
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Mar 1, 2024 10:33:50 GMT -5
Update.....
| 08.31.2023 | 09.30.2023 | 11.01.2023 | 12.01.2023 | 12.31.2023 | 02.01.2024 | 03.01.2024 | | 401k and rollovers | 1,528,917 | 1,434,154 | 1,319,318
| 1,490,478
| 1,548,069 | 1,466,132
| 1,584,139
| | Roth | 152,845 | 147,280 | 121,865
| 140,631
| 146,465
| 111,888
| 118,432
| | I-bonds | 34,754 | 34,899 | 35,172
| 35,291
| 35,395
| 35,491
| 35,594
| | Notes, Bills, TIPS | 6,500 | 6,000 | 5,500 | 5,000 | 4,500 | 4,500 | 4,500
| | Other: EF, ESOP, HSA | 7,445 | 6,149 | -2,080 | 5,270
| 6,815 | -8,619
| -5,729
| | Total | 1,730,961 | 1,628,482 | 1,479,775
| 1,676,670
| 1,741,244 | 1,609,391
| 1,736,935
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Numbers up as with everyone, so well done us!! Feel like I'm on solid ground in this range, well, if I wasn't planning to spend 100ks in the near term for my long planned house fix up! I am still far from my ATH - which is a little painful considering how much new money I've put in over the past 2 years. That is due to tesla volatility, so I'm still going to see where that goes. Since about 4/5/6/ months ago, all my new money is going into cash/cash equivalents. That also hurts as a drag on on gains when the market is hitting new ATHs right now. I just have to satisfy myself that I have enough in the market and am tilting towards safety. Trying to decide on if my goal should be 2 or 3 years of cash for retirement. It is getting harder - vanguard interest is less this month so they must have lowered their rates..... |
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ners
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Joined: Dec 23, 2010 16:21:18 GMT -5
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Post by ners on Mar 2, 2024 15:25:07 GMT -5
Update
Assets
Cash 25,585.87
Retirement 198,864.27
House 80,000.00
Car 1,200.00
Stock 7,975.54
HSA $6,771.19
Total Assets 320,396.87
Liabilities
Mortgage 48,487.57
Helco 1,919.18
Total Liabilities 50,406.75
Net Worth 269,990.12
Happy with the number. Hoping it continues and next month have the number 2 to start my retirement number.
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aricia
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Post by aricia on Mar 7, 2024 21:41:57 GMT -5
I usually only update quarterly but I couldn’t resist seeing if we had hit $3 mil. Made it! $3,060,000
Also, managed to get rid of some more cash on a new furnace and A/C. Taking bets now if the next thing to go out will be the washer/dryer, refrigerator, or water softener. Two cars are also getting iffy. I think I might have solved my cash problem! 😂
Edited to add: Please just don’t let it be the septic. 🤞
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Rukh O'Rorke
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Post by Rukh O'Rorke on Mar 8, 2024 12:16:43 GMT -5
woohoo! nice milestone aricia!! |
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ners
Junior Associate
Joined: Dec 23, 2010 16:21:18 GMT -5
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Post by ners on Mar 29, 2024 16:56:19 GMT -5
Update
Another good month.
Assets
Cash 26,146.10
Retirement 205,238.84
House 80,000.00
Car 1,150.00
Stock 8,312.72
HSA 6,799.33
Total Assets 327,646.99
Liabilities
Mortgage 48,262.44
Helco
Car
Total Liabilities 48,262.44
Net Worth 279,384.55
Retirement is above 200,000.00 let's hope it remains that way.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Mar 30, 2024 17:03:42 GMT -5
Update.....
| 08.31.2023 | 09.30.2023 | 11.01.2023 | 12.01.2023 | 12.31.2023 | 02.01.2024 | 03.01.2024 | 03.30.2024 | | 401k and rollovers | 1,528,917 | 1,434,154 | 1,319,318
| 1,490,478
| 1,548,069 | 1,466,132
| 1,584,139
| 1,553,720
| | Roth | 152,845 | 147,280 | 121,865
| 140,631
| 146,465
| 111,888
| 118,432
| 105,043
| | I-bonds | 34,754 | 34,899 | 35,172
| 35,291
| 35,395
| 35,491
| 35,594
| 35,594
| | Notes, Bills, TIPS | 6,500 | 6,000 | 5,500 | 5,000 | 4,500 | 4,500 | 4,500
| 4,500 | | Other: EF, ESOP, HSA | 7,445 | 6,149 | -2,080 | 5,270
| 6,815 | -8,619
| -5,729
| -17,096 | | Total | 1,730,961 | 1,628,482 | 1,479,775
| 1,676,670
| 1,741,244 | 1,609,391
| 1,736,935
| 1,681,761
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Down a bit for me unfortunately..... Current AA is 86% stocks, 14% cash/treasuries Can't recall what my target was, but going to continue to put new money in the 401k into the cash type thingy. Not guaranteed not to go down, but won't by much I reckon if things go wonky, at least I hope. Second guessing myself as of course the market is doing fantastic while I am funneling into cash. Trying to be ready in case I collapse and/or get fired or something. I'm honestly not sure how long I can keep the employment thing going to be honest....so just doing the one day at a time thing..... |
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Rukh O'Rorke
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Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Mar 30, 2024 17:04:20 GMT -5
Update.....
| 08.31.2023 | 09.30.2023 | 11.01.2023 | 12.01.2023 | 12.31.2023 | 02.01.2024 | 03.01.2024 | 03.30.2024 | | 401k and rollovers | 1,528,917 | 1,434,154 | 1,319,318
| 1,490,478
| 1,548,069 | 1,466,132
| 1,584,139
| 1,553,720
| | Roth | 152,845 | 147,280 | 121,865
| 140,631
| 146,465
| 111,888
| 118,432
| 105,043
| | I-bonds | 34,754 | 34,899 | 35,172
| 35,291
| 35,395
| 35,491
| 35,594
| 35,594
| | Notes, Bills, TIPS | 6,500 | 6,000 | 5,500 | 5,000 | 4,500 | 4,500 | 4,500
| 4,500 | | Other: EF, ESOP, HSA | 7,445 | 6,149 | -2,080 | 5,270
| 6,815 | -8,619
| -5,729
| -17,096 | | Total | 1,730,961 | 1,628,482 | 1,479,775
| 1,676,670
| 1,741,244 | 1,609,391
| 1,736,935
| 1,681,761
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Down a bit for me unfortunately..... Current AA is 86% stocks, 14% cash/treasuries Can't recall what my target was, but going to continue to put new money in the 401k into the cash type thingy. Not guaranteed not to go down, but won't by much I reckon if things go wonky, at least I hope. Second guessing myself as of course the market is doing fantastic while I am funneling into cash. Trying to be ready in case I collapse and/or get fired or something. I'm honestly not sure how long I can keep the employment thing going to be honest....so just doing the one day at a time thing..... |
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,602
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Post by Ombud on Mar 31, 2024 23:53:09 GMT -5
| Schwab Accts: | % | | Feb 29, 2023: | 1,099,967
| | Stocks | 963,001
| 84%
| | Fixed Income | 180,178
| 16%
| | Current | 1,143,179
| | Difference | +43,212
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Post by minnesotapaintlady on Apr 1, 2024 8:29:34 GMT -5
The last 5 months have been pretty good to me...up 220K since December. I'm starting to get a little nervous actually. Really tempted to scrape some of these earnings off the top into something safer. I'm now almost 94% stock instead of the 88% I was at a year or so ago.
Mortgage - $71,312 HELOC - $18,467 (goal of paying off by 12/25)
CC debt - $0 Total Debt $89,799Cash and Savings - $55,807 (35K for contractor and 11K bonds for Carrot's tuition so savings is actually pretty low) 529s - $69,530 Retirement - $1,046,728 House - $300,000 Total Assets $1,472,065Net Worth $1,382,286
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aricia
Junior Member
Joined: May 18, 2011 13:36:32 GMT -5
Posts: 170
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Post by aricia on Apr 1, 2024 13:27:46 GMT -5
4/1/2024
Assets:
House: $300,000+
Cash: $405,000
I bonds: $295,000
Brokerage: $320,000
401k/IRAs: $1,690,000
HSA: $45,000
529s: $85,000
Cars (4): $25,000
Net worth: $3,165,000
Held onto the 3 million for my official quarterly update, yay!
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tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,958
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Post by tcu2003 on Apr 3, 2024 13:33:39 GMT -5
March 2024 update:
ASSETS:
Checking/Savings: $246,792
House: $675,000
Retirement: $2,354,221
Brokerage: $90,701
529s: $129,359
DEBTS:
$0
Total NW: $3,496,073
As usual, the list above excludes our cars, which are worth around $28k combined, but I leave them out because we're unlikely to sell, and need them to get to/from work, kids schools, etc. in the land of suburbia.
We're up over 3% this month (and I forgot to post a February update, we February was up about 5%). That is mostly retirement/brokerage/529 market gains.
ETA: I received my bonus in February, which bumped up our cash a fair amount. In February and March, I fully funded backdoor Roth IRAs for DH and me, and also added money to each kid's 529 accounts (amount that gets us to the max state tax credit we can get per kid). I also moved money into our brokerage account, so managed to decrease our cash between February and March. But I still need to keep pushing money into the brokerage account.
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saveinla
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Posts: 5,296
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Post by saveinla on Apr 3, 2024 14:20:40 GMT -5
The last 5 months have been pretty good to me...up 220K since December. I'm starting to get a little nervous actually. Really tempted to scrape some of these earnings off the top into something safer. I'm now almost 94% stock instead of the 88% I was at a year or so ago.
Mortgage - $71,312 HELOC - $18,467 (goal of paying off by 12/25)
CC debt - $0 Total Debt $89,799Cash and Savings - $55,807 (35K for contractor and 11K bonds for Carrot's tuition so savings is actually pretty low) 529s - $69,530 Retirement - $1,046,728 House - $300,000 Total Assets $1,472,065Net Worth $1,382,286
Did you hear that Gen X thought they needed 1.46 M for retirement - almost there minnesotapaintlady |
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Post by minnesotapaintlady on Apr 3, 2024 15:00:06 GMT -5
Did you hear that Gen X thought they needed 1.46 M for retirement - almost there minnesotapaintlady My personal number is 1.2 M, but I'll most likely overshoot it (knock on wood). 1.46 would be sweeeet. |
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
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Post by Rukh O'Rorke on Apr 3, 2024 23:42:43 GMT -5
Did you hear that Gen X thought they needed 1.46 M for retirement - almost there minnesotapaintlady My personal number is 1.2 M, but I'll most likely overshoot it (knock on wood). 1.46 would be sweeeet. you over that already? do you mean liquid assets here? |
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azucena
Junior Associate
Joined: Jan 17, 2011 13:23:14 GMT -5
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Post by azucena on Apr 4, 2024 2:10:34 GMT -5
The last 5 months have been pretty good to me...up 220K since December. I'm starting to get a little nervous actually. Really tempted to scrape some of these earnings off the top into something safer. I'm now almost 94% stock instead of the 88% I was at a year or so ago.
Mpl - mind talking me thru more about your scraping? I can see myself considering that when my retiremnt acct hits $1M. |
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Post by minnesotapaintlady on Apr 4, 2024 7:16:56 GMT -5
My personal number is 1.2 M, but I'll most likely overshoot it (knock on wood). 1.46 would be sweeeet. you over that already? do you mean liquid assets here? Just retirement accounts. Not the house or 529s or short-term savings and checking accounts... |
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Post by minnesotapaintlady on Apr 4, 2024 7:32:43 GMT -5
The last 5 months have been pretty good to me...up 220K since December. I'm starting to get a little nervous actually. Really tempted to scrape some of these earnings off the top into something safer. I'm now almost 94% stock instead of the 88% I was at a year or so ago.
Mpl - mind talking me thru more about your scraping? I can see myself considering that when my retiremnt acct hits $1M. I'm not sure I can help. I've been stuck at the "thinking about it stage" for quite a while.  It's simple asset allocation adjustment, but I just can't decide where I want to go with my "safe" funds. Conventional wisdom is a bond fund. I've had 80K in a bond fund...for...forever. It's made nothing the past 10-15 years, and when stocks dove, so did it (instead of the whole inverse relationship thing that was always taught). I honestly think I'd be over my target number by now (or at least pretty close) if I had just been S&P with that money. So, I don't know. Treasuries through Fidelity? CD's? Bond fund despite my aversion? All I know is when I retire I want to have at least 5 years worth of "safe" investments to carry me if the market takes a crap.
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lurkyloo
Junior Associate
“Time means nothing now,” said Toad. “It is just the thing that happens between snacks.”
Joined: Jan 8, 2011 11:26:56 GMT -5
Posts: 6,165
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Post by lurkyloo on Apr 4, 2024 9:28:02 GMT -5
I'm not sure I can help. I've been stuck at the "thinking about it stage" for quite a while. It's simple asset allocation adjustment, but I just can't decide where I want to go with my "safe" funds. Conventional wisdom is a bond fund. I've had 80K in a bond fund...for...forever. It's made nothing the past 10-15 years, and when stocks dove, so did it (instead of the whole inverse relationship thing that was always taught). I honestly think I'd be over my target number by now (or at least pretty close) if I had just been S&P with that money. So, I don't know. Treasuries through Fidelity? CD's? Bond fund despite my aversion? All I know is when I retire I want to have at least 5 years worth of "safe" investments to carry me if the market takes a crap.
The good news is bond funds are relatively cheap right now.  They’re also not meant to grow specifically in value so much as just pay out dividends, which isn’t much comfort when you’re looking at a 7% decrease in value on something you need to cash in that was supposed to be stable. I agree they’re not as anticorrelated with stocks as everyone says. I have a significant amount in a gold fund in my inherited IRA, which is less correlated, but it’s a terrible time to buy gold rn and it can be volatile. (I haven’t been nearly as proactive as I should be about changing those holdings in there…but it’s been a terrible time to sell energy stocks and now they’re taking off). Maybe TIPS? I have been gradually selling things off and transferring the proceeds to MM but that doesn’t count as that’s just preparing to take a distribution and therefore short term is appropriate. It‘s a good question. |
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snapdragon
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Post by snapdragon on Apr 4, 2024 10:02:02 GMT -5
I'm not sure I can help. I've been stuck at the "thinking about it stage" for quite a while. It's simple asset allocation adjustment, but I just can't decide where I want to go with my "safe" funds. Conventional wisdom is a bond fund. I've had 80K in a bond fund...for...forever. It's made nothing the past 10-15 years, and when stocks dove, so did it (instead of the whole inverse relationship thing that was always taught). I honestly think I'd be over my target number by now (or at least pretty close) if I had just been S&P with that money. So, I don't know. Treasuries through Fidelity? CD's? Bond fund despite my aversion? All I know is when I retire I want to have at least 5 years worth of "safe" investments to carry me if the market takes a crap.
The good news is bond funds are relatively cheap right now. They’re also not meant to grow specifically in value so much as just pay out dividends, which isn’t much comfort when you’re looking at a 7% decrease in value on something you need to cash in that was supposed to be stable. I agree they’re not as anticorrelated with stocks as everyone says. I have a significant amount in a gold fund in my inherited IRA, which is less correlated, but it’s a terrible time to buy gold rn and it can be volatile. (I haven’t been nearly as proactive as I should be about changing those holdings in there…but it’s been a terrible time to sell energy stocks and now they’re taking off). Maybe TIPS? I have been gradually selling things off and transferring the proceeds to MM but that doesn’t count as that’s just preparing to take a distribution and therefore short term is appropriate. It‘s a good question. Here's what I have done. I take a chunk usually between 50 and 125K and put it in a long term CD which are between 1 and 4 years- My CD's are anywhere from 4.85-5.25%. This helps me sleep at night. I also have a rather large cash cushion in my CU. So the CD ladder is a safety net along with having a few mutual funds instead of all individual stocks. I have less than 6 years to have Dad's IRA emptied and at 0. Having the 10 year closedown really just sucks. I am making decent progress though. |
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Post by minnesotapaintlady on Apr 4, 2024 10:38:10 GMT -5
The good news is bond funds are relatively cheap right now. I've been reading a lot of "bond funds are primed to go" posts on Bogleheads lately, but I swear I have a case of BND PTSD.  It's weird how so many people are so afraid of the stock market yet the bond market is what makes me worry.
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lurkyloo
Junior Associate
“Time means nothing now,” said Toad. “It is just the thing that happens between snacks.”
Joined: Jan 8, 2011 11:26:56 GMT -5
Posts: 6,165
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Post by lurkyloo on Apr 4, 2024 11:11:29 GMT -5
The good news is bond funds are relatively cheap right now. They’re also not meant to grow specifically in value so much as just pay out dividends, which isn’t much comfort when you’re looking at a 7% decrease in value on something you need to cash in that was supposed to be stable. I agree they’re not as anticorrelated with stocks as everyone says. I have a significant amount in a gold fund in my inherited IRA, which is less correlated, but it’s a terrible time to buy gold rn and it can be volatile. (I haven’t been nearly as proactive as I should be about changing those holdings in there…but it’s been a terrible time to sell energy stocks and now they’re taking off). Maybe TIPS? I have been gradually selling things off and transferring the proceeds to MM but that doesn’t count as that’s just preparing to take a distribution and therefore short term is appropriate. It‘s a good question. Here's what I have done. I take a chunk usually between 50 and 125K and put it in a long term CD which are between 1 and 4 years- My CD's are anywhere from 4.85-5.25%. This helps me sleep at night. I also have a rather large cash cushion in my CU. So the CD ladder is a safety net along with having a few mutual funds instead of all individual stocks. I have less than 6 years to have Dad's IRA emptied and at 0. Having the 10 year closedown really just sucks. I am making decent progress though.In a similar boat. Trying to drain Dad’s IRA with minimal tax consequences, at what are probably our peak earning years. I’d planned to make large withdrawals this year and next, under the TCJA tax policy, now that we’re past DH’s large delayed stock bonuses that vested in 2022-2023…DH just informed me last night that they are changing a different specific bonus structure, increasing it by a LOT with vestings and prorations that are giving me a headache, which makes my window even smaller. Good problem to have? I probably should’ve emptied the whole damn thing last year and thrown it all into VTI. ETA- DH has a ridiculous cash cushion because he just lets money pile up-most of his taxable investments are from stock grants. So I don’t worry too much about buying bonds and bond funds  I’ve left the bond funds already in the IRA mostly alone in the interests of limiting growth and optimizing tax efficiency, but I’d get quite the beatdown on the bogleheads board for some of the expense ratios  Probably ought to move it all over to BND. |
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snapdragon
Senior Member
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Post by snapdragon on Apr 4, 2024 23:38:18 GMT -5
Here's what I have done. I take a chunk usually between 50 and 125K and put it in a long term CD which are between 1 and 4 years- My CD's are anywhere from 4.85-5.25%. This helps me sleep at night. I also have a rather large cash cushion in my CU. So the CD ladder is a safety net along with having a few mutual funds instead of all individual stocks. I have less than 6 years to have Dad's IRA emptied and at 0. Having the 10 year closedown really just sucks. I am making decent progress though.In a similar boat. Trying to drain Dad’s IRA with minimal tax consequences, at what are probably our peak earning years. I’d planned to make large withdrawals this year and next, under the TCJA tax policy, now that we’re past DH’s large delayed stock bonuses that vested in 2022-2023…DH just informed me last night that they are changing a different specific bonus structure, increasing it by a LOT with vestings and prorations that are giving me a headache, which makes my window even smaller. Good problem to have? I probably should’ve emptied the whole damn thing last year and thrown it all into VTI. ETA- DH has a ridiculous cash cushion because he just lets money pile up-most of his taxable investments are from stock grants. So I don’t worry too much about buying bonds and bond funds I’ve left the bond funds already in the IRA mostly alone in the interests of limiting growth and optimizing tax efficiency, but I’d get quite the beatdown on the bogleheads board for some of the expense ratios Probably ought to move it all over to BND. What I have done to save myself some of the tax ache is I have created a DAF ( Donor Advisory Fund ) and when a large CD of Dad's is closing this time, I am going to take a chunk and put it into the fund. This helps me off set how much taxes will be. I prefer donating to charities but not having all the mail that comes when you have a name attached. Being anonymous is amazing. |
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lurkyloo
Junior Associate
“Time means nothing now,” said Toad. “It is just the thing that happens between snacks.”
Joined: Jan 8, 2011 11:26:56 GMT -5
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Post by lurkyloo on Apr 5, 2024 8:19:05 GMT -5
In a similar boat. Trying to drain Dad’s IRA with minimal tax consequences, at what are probably our peak earning years. I’d planned to make large withdrawals this year and next, under the TCJA tax policy, now that we’re past DH’s large delayed stock bonuses that vested in 2022-2023…DH just informed me last night that they are changing a different specific bonus structure, increasing it by a LOT with vestings and prorations that are giving me a headache, which makes my window even smaller. Good problem to have? I probably should’ve emptied the whole damn thing last year and thrown it all into VTI. ETA- DH has a ridiculous cash cushion because he just lets money pile up-most of his taxable investments are from stock grants. So I don’t worry too much about buying bonds and bond funds I’ve left the bond funds already in the IRA mostly alone in the interests of limiting growth and optimizing tax efficiency, but I’d get quite the beatdown on the bogleheads board for some of the expense ratios Probably ought to move it all over to BND. What I have done to save myself some of the tax ache is I have created a DAF ( Donor Advisory Fund ) and when a large CD of Dad's is closing this time, I am going to take a chunk and put it into the fund. This helps me off set how much taxes will be. I prefer donating to charities but not having all the mail that comes when you have a name attached. Being anonymous is amazing. Definitely a fan of the DAF! I set mine up last year. The tricky bit is that I try to essentially double dip: I have a large holding at TIAA that I hate bc it spins off unpredictable and sometimes huge capital gains, but selling it directly would also trigger a lot of gains so I try to donate some of it to my DAF. TIAA has been a pain in the ass about it though in terms of roadblocks and then totally ignoring my FIFO selection and doing average cost instead  |
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snapdragon
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Post by snapdragon on Apr 5, 2024 13:44:28 GMT -5
What I have done to save myself some of the tax ache is I have created a DAF ( Donor Advisory Fund ) and when a large CD of Dad's is closing this time, I am going to take a chunk and put it into the fund. This helps me off set how much taxes will be. I prefer donating to charities but not having all the mail that comes when you have a name attached. Being anonymous is amazing. Definitely a fan of the DAF! I set mine up last year. The tricky bit is that I try to essentially double dip: I have a large holding at TIAA that I hate bc it spins off unpredictable and sometimes huge capital gains, but selling it directly would also trigger a lot of gains so I try to donate some of it to my DAF. TIAA has been a pain in the ass about it though in terms of roadblocks and then totally ignoring my FIFO selection and doing average cost instead I must have gotten lucky. I inherited my Dad's Finance Guy. He's been great and we have several conversations a year. But I am with EJ. Funny part, I was one of the first people he ever set up a DAF for. |
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