Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 03-24-2018, 03:53 AM   #61
Thinks s/he gets paid by the post
Join Date: Jan 2018
Location: Tampa
Posts: 3,069
Originally Posted by GoBears View Post
Used the firmís approved broker to manage my 401k investments after I made partner. Good news is that the sales loads were waived. Bad news is he charged 1% of AUM and expense ratios were not cheap. A decade or so passed and I discovered under the plan that I could self direct with Schwab. Since the AUM fee accounted for about half of my annual contributions, I immediately transitioned from 20 actively managed funds to the self directed account. The 401k is now held in 4 index funds.

I kept $200k or so in my 401k on the sidelines in cash after the 2008-09 recession, while still with the advisor. I was in my late 40s and had no real understanding of asset allocation at the time.

Thankfully, I never sought help from advisories for my IRA or taxable account. But, it took me several years to grasp tax efficiency principles for the taxable account and even longer to discover the benefits of index funds.
Didn't discover Index Funds until a year before retirement, but the lack of knowledge did help me stay fully invested in 2008 and the turnaround. Go figure.

Dtail is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-24-2018, 08:04 AM   #62
Recycles dryer sheets
Join Date: Mar 2012
Posts: 166
DW had stock options worth about $75K during the tech run up in 1999-2000. Of course we decided to hang in there----they expired worthless. Didn't really lose the money but could have had a nice gain.

FIRE'd---4/27/2018 @ 54. DW--RE date 03/01/19.
tdv2 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Confessions shoe Other topics 47 03-03-2009 02:58 PM
Confessions of an under-accumulator of wealth laurence FIRE and Money 111 07-13-2008 09:59 PM
Confessions of a true CHEAPSKATE freebird5825 Other topics 115 02-25-2008 12:28 PM
Confessions of a credit card pusher ChemEng Young Dreamers 12 10-21-2007 03:05 PM
Confessions of a FIREd Jobseeker (almost REWahoo Life after FIRE 43 07-18-2006 12:18 PM

» Quick Links

All times are GMT -6. The time now is 10:09 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.