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Forum: FIRE and Money 02-22-2021, 05:23 PM
Replies: 11
Views: 502
Posted By Love This Community
You could do $12,000 for 2020 (6K for each...

You could do $12,000 for 2020 (6K for each spouse). You could also do $12,000 for 2021 (6K for each spouse).

I just went through this exercise. Open an IRA Account. Make sure funds are available...
Forum: FIRE and Money 02-11-2021, 09:15 PM
Replies: 3
Views: 223
Posted By Love This Community
Thank you Mark1. I spoke will my plan...

Thank you Mark1. I spoke will my plan administrator and he said, I could contribute. Will confirm with my benefits team as well to be sure.

Is my understanding correct about Mega back door Roth...
Forum: Other topics 02-11-2021, 05:36 PM
Replies: 339
Views: 24,774
Posted By Love This Community
Car guy...thanks for putting so many smiles on...

Car guy...thanks for putting so many smiles on our faces. You’ve definitely exceeded the requirements of “bringing joy to others”...[emoji16]
Forum: FIRE and Money 02-11-2021, 11:22 AM
Replies: 3
Views: 223
Posted By Love This Community
Any advantages of participating in 415 Plan limit

I just learnt that my company offers 415 plan limit. I am currently maxing out my pre-tax account $19,500(401k) and taking advantage of back door Roth ($6,000) for the first time.

With the 415...
Forum: Hi, I am... 02-08-2021, 09:08 PM
Replies: 48
Views: 2,455
Posted By Love This Community
Feel free to post them here or open a new thread...

Feel free to post them here or open a new thread under FIRE and money. Btw, welcome to this wonderful forum!
Forum: Hi, I am... 02-08-2021, 05:44 PM
Replies: 14
Views: 738
Posted By Love This Community
$515K in 17 individual stocks? I see a risk...

$515K in 17 individual stocks? I see a risk there. Any appetite for diversifying into ETF’s.
Forum: FIRE and Money 02-08-2021, 07:52 AM
Replies: 20
Views: 1,106
Posted By Love This Community
You’re correct out to lunch. IL doesn’t tax...

You’re correct out to lunch. IL doesn’t tax income from pensions. However, FL seems to take the prize whet it comes to overall tax benefits for retirees including pension.
Cold weather in IL is...
Forum: FIRE and Money 02-05-2021, 06:50 AM
Replies: 27
Views: 1,656
Posted By Love This Community
Update: Finally opened our(me and DW) Roth IRA...

Update: Finally opened our(me and DW) Roth IRA (back door) accounts with Vanguard and invested in VTSAX.

Also doing the same in my taxable brokerage account.

Thank you all for different...
Forum: Hi, I am... 01-22-2021, 07:32 PM
Replies: 12
Views: 1,096
Posted By Love This Community
Welcome crazyfire. Your journey mirrors my 401k...

Welcome crazyfire. Your journey mirrors my 401k balances if I were single. I wish I was more educated in knowing that max contribution does not mean max employer contribution percentage. You’re doing...
Forum: Hi, I am... 01-22-2021, 07:13 PM
Replies: 16
Views: 1,136
Posted By Love This Community
Based on your expenses, financially you are more...

Based on your expenses, financially you are more than ready. Only thing I would consider is if you’re planning on living in the Bay Area long term, you’ll have to buy a house which can get pretty...
Forum: FIRE and Money 01-22-2021, 04:57 PM
Replies: 49
Views: 3,137
Posted By Love This Community
+12.56%

+12.56%
Forum: FIRE and Money 01-19-2021, 01:24 PM
Replies: 188
Views: 19,780
Posted By Love This Community
When I look at “studies”, “surveys”, “reports “,...

When I look at “studies”, “surveys”, “reports “, I am often reminded of the famous quote from my data crunching days.

“IF YOU TORTURE THE DATA LONG ENOUGH, IT WILL CONFESS TO ANYTHING.” – RONALD...
Forum: FIRE and Money 01-16-2021, 03:36 PM
Replies: 21
Views: 2,235
Posted By Love This Community
Agree with Street. It’s ok not to have a goal....

Agree with Street. It’s ok not to have a goal. Just keep doing what you’re doing and like Gumby said, let compounding do it’s work.
FI is exactly that. It gives you the freedom to do whatever you...
Forum: Stock Picking and Market Strategy 01-15-2021, 10:13 PM
Replies: 7
Views: 544
Posted By Love This Community
Jazz4.... I did not buy at the IPO price. Most of...

Jazz4.... I did not buy at the IPO price. Most of us don’t have access to buying at the IPO price. They typically go to institutional investors.
Forum: Stock Picking and Market Strategy 01-14-2021, 03:46 PM
Replies: 7
Views: 544
Posted By Love This Community
Thank you for the insights on foundational...

Thank you for the insights on foundational financials. No gains so far but if I get anywhere between 15-20% on the hype, I will bail out. Thanks again.
Forum: Stock Picking and Market Strategy 01-14-2021, 01:23 PM
Replies: 7
Views: 544
Posted By Love This Community
PETCO Stock

With the pandemic, I see a huge uptick in pet ownership. In our neighborhood pet ownership almost doubled. Same is the story from my kids classmates. Given this and without going deeper into the...
Forum: FIRE and Money 01-10-2021, 07:19 PM
Replies: 13
Views: 871
Posted By Love This Community
Thanks Sunset. One of the very few good things...

Thanks Sunset. One of the very few good things about IL.
Forum: FIRE and Money 01-09-2021, 11:51 AM
Replies: 90
Views: 9,833
Posted By Love This Community
Great story Corn and Congratulations on making a...

Great story Corn and Congratulations on making a U-turn. Lifestyle creep is very dangerous and I remind myself of this all the time. For us it’s the house +RE taxes that was a huge upgrade from our...
Forum: FIRE and Money 01-09-2021, 11:46 AM
Replies: 90
Views: 9,833
Posted By Love This Community
Isn’t this good that 46% Americans planned so...

Isn’t this good that 46% Americans planned so well that they left only less than 10k of savings?....[emoji12]
Forum: FIRE and Money 01-07-2021, 07:56 PM
Replies: 16
Views: 924
Posted By Love This Community
Good that you went for a bmw. You’d have to wait...

Good that you went for a bmw. You’d have to wait 8 months for a Tesla delivery with the options you want. [emoji16]
Forum: FIRE and Money 01-04-2021, 08:58 AM
Replies: 11
Views: 850
Posted By Love This Community
Property taxes are insane. I pay more in taxes on...

Property taxes are insane. I pay more in taxes on our single family property than I used to as a renter for a condo. Lifestyle creep is real and even more painful in IL in the form of property taxes.
Forum: Hi, I am... 01-04-2021, 08:22 AM
Replies: 39
Views: 6,979
Posted By Love This Community
Hi....one more lurker to new member

Thanks exit. I have multiple 401k accounts and haven’t really paid much attention to the HSA account. It silently grew to a good chunk over the last few years. This year we switched to a different...
Forum: FIRE and Money 01-04-2021, 01:46 AM
Replies: 11
Views: 850
Posted By Love This Community
Still not able to attract / retain retirees. I...

Still not able to attract / retain retirees. I guess after so many years in the cold weather, people are looking for warmer places to retire. I love the....yet part.
Forum: Hi, I am... 01-03-2021, 07:07 PM
Replies: 232
Views: 46,948
Posted By Love This Community
Thanks a lot exit. I think I will do my first...

Thanks a lot exit. I think I will do my first back door Roth this year.
Forum: Hi, I am... 01-02-2021, 09:46 PM
Replies: 232
Views: 46,948
Posted By Love This Community
Congratulations on you progress exit. Great to...

Congratulations on you progress exit. Great to see the plan taking shape with end in sight. I will be following your treaded path though I am more concentrated in stocks. I do not have a back door...
Showing results 1 to 25 of 77
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