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Forum: FIRE and Money Yesterday, 01:25 PM
Replies: 3
Views: 215
Posted By sergio
Lower 401k contribution to increase taxable contributions?

Is there ever a situation where it makes sense to put less in a traditional 401k and more in a taxable account?

For example, instead of investing $6k in Roth + $19.5k in 401k + $10k in taxable...
Forum: Other topics 01-18-2021, 04:28 PM
Replies: 129
Views: 3,884
Posted By sergio
I like living alone in short bursts. Sometimes...

I like living alone in short bursts. Sometimes when we visit my wife's family in China, she'll fly out first with the kids, then I go a few weeks later, then we all come back together a month or so...
Forum: FIRE and Money 01-18-2021, 03:28 PM
Replies: 29
Views: 1,041
Posted By sergio
I'll throw this out there as well just to make...

I'll throw this out there as well just to make sure I understand. The benefits of a Roth IRA are:

1. You can withdraw principal at any time for any reason.

2. You can withdraw the earnings...
Forum: Hi, I am... 01-17-2021, 02:39 PM
Replies: 10
Views: 757
Posted By sergio
My plan would is to adjunct teach Math at a local...

My plan would is to adjunct teach Math at a local university... I did it before, and a class was usually 10-15 hours/week of work with three days on-site (3 hours teaching + 3 hours of office hours...
Forum: FIRE and Money 01-17-2021, 01:08 PM
Replies: 29
Views: 1,041
Posted By sergio
Thanks for the detailed reply. I've been torn on...

Thanks for the detailed reply. I've been torn on the Roth 401k, but ultimately decided against it because:

1. Right now our marginal state tax is 6.5%. We will absolutely not be living in this...
Forum: FIRE and Money 01-17-2021, 12:20 PM
Replies: 69
Views: 2,934
Posted By sergio
Our city used to be fairly balanced - obviously...

Our city used to be fairly balanced - obviously there are renter's rights but evictions were also pretty straightforward, no rent control, etc.

Now there's an eviction moratorium, and for whatever...
Forum: FIRE and Money 01-17-2021, 11:17 AM
Replies: 29
Views: 1,041
Posted By sergio
Roth 401k benefits

Is anyone aware of any benefits to a Roth 401k that are available after __ years? I know that in a Roth IRA there is a "5 year rule" which only checks when you opened the account. I max out my...
Forum: FIRE and Money 11-10-2020, 01:47 PM
Replies: 107
Views: 8,400
Posted By sergio
- Max out 401k, HSA, and 2 Roth IRAs - Finish...

- Max out 401k, HSA, and 2 Roth IRAs
- Finish paying off house
- $2,500 to each of my two kids' 529s
- $12,000 towards taxable account
Forum: FIRE and Money 10-17-2020, 12:53 PM
Replies: 86
Views: 5,548
Posted By sergio
When I was looking for homes I purposefully...

When I was looking for homes I purposefully avoided those that had obvious work done before going on the market. I don't want to pay $$$ for garbage-grade carpet or $0.99/sq ft engineered flooring...
Forum: FIRE Related Public Policy 08-13-2020, 10:35 AM
Replies: 24
Views: 2,606
Posted By sergio
The problem is repaying the principal. As long as...

The problem is repaying the principal. As long as they can keep borrowing to repay existing debts at very low interest rates, that's fine. What if demand drops off? Either the federal reserve steps...
Forum: FIRE and Money 08-11-2020, 02:10 PM
Replies: 4
Views: 385
Posted By sergio
All of the safe harbor rules I've seen refer to...

All of the safe harbor rules I've seen refer to paying 110% of 2019 tax if 2019 AGI is >$150k. My 2019 AGI was under $150K, so I believe I'm only required to pay 100% of my 2019 tax... Am I...
Forum: FIRE and Money 08-11-2020, 01:04 PM
Replies: 4
Views: 385
Posted By sergio
Large tax due next year, what to do with money?

This year I sold my share of a privately held company. Taxes will be very large for 2020, so I set my withholding so it will cover 100% of my 2019 tax (safe harbor) and estimate that I'll need to pay...
Forum: Other topics 08-11-2020, 12:41 PM
Replies: 101
Views: 5,598
Posted By sergio
Our townhouse is way quieter than my parents...

Our townhouse is way quieter than my parents single family detached home. One of their neighbors lets his huge dog outside all day in the yard and is constantly barking. The windows on the side of...
Forum: Other topics 08-11-2020, 12:22 PM
Replies: 101
Views: 5,598
Posted By sergio
This would drive me nuts. I highly recommend...

This would drive me nuts. I highly recommend caulking all holes and gaps (eg between the baseboard and floor) in the party wall, sealing up all electrical outlets, light fixtures, and plumbing pipes,...
Forum: FIRE and Money 08-02-2020, 10:10 AM
Replies: 2,502
Views: 880,089
Posted By sergio
Almost hit $650k NW last week (age 33). ...

Almost hit $650k NW last week (age 33).

Assets
$160k cash
$340k investments
$255k townhouse
$50k cars

Liabilities
$164k mortgage
Forum: Young Dreamers 08-01-2020, 05:32 PM
Replies: 13
Views: 1,442
Posted By sergio
We use the R6 shares in our 401k which have an ER...

We use the R6 shares in our 401k which have an ER of 0.38%, no loads at all. Appreciate your advice and insights above as well!
Forum: Stock Picking and Market Strategy 08-01-2020, 04:10 PM
Replies: 16
Views: 1,108
Posted By sergio
Just took a look at Fidelity's 2045 TD fund. Ugh...

Just took a look at Fidelity's 2045 TD fund. Ugh - gross:

0.75% ER
50/50 US/Int'l allocation
Largest fund (13% of the entire portfolio) is emerging markets
Constantly changing risk profile and...
Forum: Young Dreamers 08-01-2020, 03:55 PM
Replies: 13
Views: 1,442
Posted By sergio
Check up for early 30s

Hey guy, I haven't done this in a while, but I figured I'd post my situation to get feedback and advice. I'm in my early 30s, married, and have two kids (2 and 11y/o).

Townhouse: worth $255k,...
Forum: FIRE and Money 07-17-2020, 06:54 AM
Replies: 8
Views: 470
Posted By sergio
The idea is that you determine who gets your...

The idea is that you determine who gets your share before you pass away and put it in your will, so it's all transferred seamlessly after your death. Most people would put their spouse, so JTWROS is...
Forum: FIRE and Money 07-16-2020, 08:06 PM
Replies: 8
Views: 470
Posted By sergio
Our state doesn't offer Tenants by Entirety so I...

Our state doesn't offer Tenants by Entirety so I can't help you there.

Joint Tenant With Right of Survivorship basically means that if you die, your spouse gets 100% of the house. Pretty common...
Forum: FIRE and Money 07-15-2020, 10:08 AM
Replies: 50
Views: 3,543
Posted By sergio
A coworker in his 50s built his "retirement home"...

A coworker in his 50s built his "retirement home" last year - a 2500 sq ft ranch on a slab. It was a miserable experience. Constant delays, major cost overruns, and nearly a year of revisions after...
Forum: Health and Early Retirement 07-09-2020, 10:06 AM
Replies: 78
Views: 3,733
Posted By sergio
Giving up alcohol (assuming you drink regularly)...

Giving up alcohol (assuming you drink regularly) is possibly the highest-impact change one can make to their diet to lose weight. I used to be big into craft beer and later realized a beer I drank...
Forum: Other topics 07-08-2020, 11:12 AM
Replies: 42
Views: 1,953
Posted By sergio
The place we bought has an older Kenmore top...

The place we bought has an older Kenmore top loader and matching dryer. They seem to get the job done and were made when washing machines still filled the tub all the way. When we are ready to...
Forum: Young Dreamers 07-08-2020, 09:50 AM
Replies: 44
Views: 4,875
Posted By sergio
The few cases I've seen where someone "retired"...

The few cases I've seen where someone "retired" in their mid 30s fall into a few categories:

1. People who started and sold their own business
2. People who worked at a tech startup and hit it...
Forum: Health and Early Retirement 07-08-2020, 08:31 AM
Replies: 78
Views: 3,733
Posted By sergio
I was in the best shape of my life when I lived...

I was in the best shape of my life when I lived in China and Hong Kong. I ate a lot (and the food there is far from healthy) and drank lots of beer, yet actually lost weight. Why? Because we had to...
Showing results 1 to 25 of 99
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