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Brewer - have you thought about taking the trip and emailing your resignation letter then? I don't know how well the timing works

Congrats. With your level of savings, you do have choices, just enjoy the time off and start downsizing expenses. Life's too short.

I'm about to go with thirteen people in my office for more compliance training, even though we only have 11 (out of around 750) clients in my office that this type of compliance applies to....

Pay loans, it's not even close

Thank you for posting this. I'm in a situation where I feel passed up for middle management, but the rewards are really small relative to the crap that comes with the job. Maybe one day I'll stop aspiring for it.

I just picked up on this thread - be very careful on franchises and businesses sold through a business broker. Most are just selling you a job. This is coming from a banker that sees financials every day on small businesses. Don't go near a gas station or non-food retail. The only franchises...

Who represented they owned the house in the lease? If the realtor is part of a management company, he may not be aware that the owner isn't paying the rent and she should be protected if its a valid lease. if the realtor represented they were the owner and were not, I would go after their firm...

That's interesting, I'll need to look at the MM fund to see if I can avoid the load. I'm still maxing my 401k, which comes out to around $22k a year thanks to my employers generous match. I'm then putting another 15k each year into my employers deferred comp plan, which pays out in 180...

I'm debating whether or not to reduce my wife's Simple contributions. We currently put $12,000/year in, but only need to put $5.000 in to get the full match. We would take the deter-tax difference and invest them in our taxable account. Federal + State marginal tax rate is 34% and we will be...

The next step for Wellington would be to close it to all new investors, including those buying through vanguard. The current restrictions hurt me because I hadn't added Wellington in my largest account, the self directed portion of my 401k. I can't move that either.

Yep, thats crazy and awesome at the same time

A margin line is a line of credit secured by your taxable investments. You can get up to 50% of their value in a line of credit, typically at a good rate. The risk is if you get part 75% loan to value, you have to put in more money or your stocks will be liquidated to payoff the line.

#1 - Do it. Land isn't the worst investment as long as you're not trying to speculate #2 - Bank financing is out there, but it is really cost prohibitive on land. Use your Heloc or a margin line on your taxable accounts, whichever is less. I'm sure you'll pay it back quickly with your...

Congrats, level 2 kicked my rear end six or seven years ago (do they still make you hand/TI calculate derivative values?). I can tell your in finance with a larger firm as am I. These jobs come with good pay, high stress, and a narrow pyramid to climb to the top. If you ever get a manager you...

I understand the challenge. I would absolutely retire from your primary job. Is being a part-time charter pilot an option for you? I know very little about the industry, but it seems like that would be a little less stressful with lower pay, I don't have any suggestions regarding the house...

Those are few and far between. Also, remember that these folks are in non-qualified plans, they may have $1mil in comp, but elect to defer 25-50% of it and take it I post separation benefits. I'm not sure they ever qualify for SS due to income earned that's considered active. In most...

+1. I have clients that meet this description

The bigger issue is that an employer sponsored 401k has preferential tax treatment over a traditional IRA - the employee can put in over 3x more fax deferred

Yes, you probably are better off contributing the max. I have an almost identical problem with my wife's simple IRA. It's horrible, high cost loaded mutual funds, but she can contribute $12k tax deferred to that plan verses $5k to a traditional IRA. Our marginal tax rate fed plus state runs 34%

This thread isn't meant to be spiteful towards those who's pensions are at risk. We could also go down the route of public employees voting in the same people who bankrupt their system and have no sympathy for them because of that. However, a lot of that power and idiocy is concentrated in a...

That's a very good observation. I love your screen name btw

Move the requirement to 5 years instead of three.

In this regard, I have the good fortune to work in banking. There are a couple other coworkers my age who are really frugal, even though some of them have some family money. We never want to have a layoff or loss of job be that big of a deal and get to FI as soon as possible. I even work...

I love that story. Pick up the phone is the most important lesson in that,

Don't buy that Saturn, it'll be a bum at 150k in miles.