Horseman

Yeah, they should have known their cars wouldn't have worked, AT ALL, when it gets cold. Every. Single. Post.

The point of this thread was a joke from the beginning.

Atta Boy! We've been doing the same for several years now. New Limits 2024 401k/401k Roth: $23,000 plus $7,500 catchup if over 50 = $30,500 After Tax 401K: $69,000 plus $7,500 catchup if over 50 minus $30,500 above = $46,000 (mega backdoor) HSA: $8,300 plus $1,000 catchup if over 55 = $9,300 Roth IRA: $7,000 plus $1,000 catchup if over 50 = $8,000 (backdoor) Total = $93,800 Plus probably another $20,000 or so from the wife's IRA and SEP. Won't know until we file taxes.

First step is to knock out the CC debt. After that can you afford 15% into retirement funds? Do that and then anytime you can make double payments on the mortgage do so. When interest rates come down look to refinance. If I remember right the break even point for closing cost refinancing is around a full percent. It might be that you refinance a couple different times. When you do look to see if changing it to a 15 year loan makes sense.

The RNC pushed all their chips in on DeSantis? Every post is something dumber.

Lots of people gave a mortgage in retirement. It just gets added into the amount of spend per year. And there are things to make sure you're taking advantage of with your retirement accounts before just paying off a mortgage. Any other debt?

30 year fixed?

If you're talking about me I'd love for people to tell me where I'm wrong. Strike recommend some reading the changed my thinking quite a bit. I'm done working so I've made getting to retirement and financial Independence my hobby. I absorb as much as I can. I regularly meet with a financial advisor my company pays for. I'd like to think I know quite a bit. More than the average investor for sure. And it's a much better topic than politics. But so sorry if that bothers you your majesty.

I wouldn't say so. Some people dont, but, I would count any equity as part of your net worth. You're good as long as housing prices dont go upside down. Sucks if you have today's interest rates though.

At age 50 the clock isnt going to run out for 30 more years. But yeah 2m (40%) making 5% is a good amount safely. Very convincing.

Oh ok. So when you said Biden is the only one Trump can beat that doesnt include Non-moderates Kamala Anyone you think wont win a primary. Anyone else you want to add to the list that Trump can beat?

Biden is the only one Trump can beat in the general! Meanwhile in the Dems bullpen:

Yeah you walked back your statement after you realized how dumb it was. Do that before you post next time.

Dumbass thinks Trump is running for governor

Oh so now there are some "moderate" and "not Kamala" exceptions is this absolute statement. More knee jerk retard posting.

Kamala beats Trump on the planet you live on huh? Figures.

WTF? Might be the dumbest thing you've ever said.

Same. Had to build a new computer after 10 years because the old machine wouldn't decode H265 video containers now default from the newest GoPro cameras. I hope @Cdub100 isn't surfing around youtube like a teenager, but, if you need to watch a video on there just download it with yt-dlp so you don't have to put up with their nonsense.

BFD VPN

Although I'm more risk adverse with my equity-fixed income allocation I'm taking risk out of the equity portion by not buying any more individual stocks (Verizon/Pfizer). Looking back 9 years ago when 70% of my portfolio was in just two stocks, AMZN and GOOG, it was a huge risk. The risk paid off, but, I don't want nor need that type of risk anymore. I just recently sold half of both of those positions to free up funds to get international exposure, bond exposure and the rest went into index funds. Sold a bunch of other individual stocks too and will likely keep doing that moving into retirement. To your point though, a High Dividend Fund like FDVV might be a good idea.

We've moved on. Put the troll on ignore.

Tips for investors. 1 - Expense ratios. It's the one thing you have control over that can directly improve your returns. If you have an account at Fidelity they have a set of ZERO cost mutual funds. There are also a bunch of funds that compete with the Vanguard funds that they set up at lower expense ratios. https://www.fidelity.com/mutual-funds/investing-ideas/index-funds?imm_pid=700000001009773&immid=100820_SEA&imm_eid=ep35415530231&utm_source=GOOGLE&utm_medium=paid_search&utm_account_id=700000001009773&utm_campaign=MUT&utm_content=58700004265124983&utm_term=fidelity+zero+index+funds&utm_campaign_id=100820&utm_id=71700000038714008&gad_source=1&gclid=EAIaIQobChMIkuzco_ffgwMV6ROtBh06XwdyEAAYASAAEgI5O_D_BwE&gclsrc=aw.ds 2 - If you have brokerage accounts at Merrill Edge through Bank of America your cash isn't making any interest (unlike Fidelity). If you have a savings account at BoA, set this up via Merrill. You have to have 100K initial deposited, but once set up you don't have to maintain a minimum amount for what they call a "Preferred Deposit" account. But the subscribe button is kind of hidden. Go to Research>Cash Management Solutions and scroll all the way to the bottom of the page. That way your cash will make the ~5% interest right now.

Another discussion worth having is what to do when interest rates go down. By all accounts this is going to be a slow burn, the feds only projecting 0.75% decrease in 2024 which of course is dependent on how inflation goes. But 5% interest in money markets isn't going to last forever and if you're like me I have a considerable amount there because I will take a guaranteed 5% when there is zero risk. I'm about 10% in money market cash right now, which I have not counted towards my allocation. So I guess that means I really am closer to 65-35, but that's not currently my goal. 1 - Buy more bonds since bond values tend to rise as interest rates drop. 2 - If it is indeed a soft landing there are people that will be moving safe money market cash back into stocks. 3 - Seems to me the two listed above are trying to time the market. I think I following the rate drops, rebalancing, and DCA'ing the money into the target allocations.

I wouldn't take a single anonymous person's advise, we're just having a discussion. All really good points. I am more risk adverse than most people. I'd definitely tinker with it while in retirement though and go less risky as the years progress. Might even move to 70-30 when I retire. I just don't see myself settling for 5% that you mentioned previously. You can make 5% sitting in a money market right now. Another point is that when social security kicks in that is fixed income that nobody ever seems to count.