Recent content by PaloAlto

Wow- thanks. Maybe it sounds like I misunderstood the product:)

The other day, on the radio, I heard a discussion about TIAA CREF’s Universal Life Policy as a retirement vehicle for high earners (those who max out 401K and have sufficient emergency funds and saved for kids college) The main advantage was a way to get payments tax free from the policy after...

Thanks for all the replies! Looks like there is no easy way to avoid the taxes (while remaining alive :) so will just keep things going as is. Calikid - appreciate the suggestion. Was not intentional real estate investor but ended up with unexpected cash and decided to buy another home with it...

Hi - not sure this is the right place to ask this but here goes: We have an investment property (1 BR condo) in the same city as our primary residence (4 BR condo) The investment property value has grown from $575K to $900K over the last 4 years since we purchased it. The property is currently...

I stopped doing that after I left my first employer a few years back and rolled over my 401K to an IRA. I understand that having an IRA makes backdoor ROTH conversions complicated. Maybe I am wrong :coolsmiley:

Yeah but AGI does...

Thanks- very helpful. The report actually does break out the employee-vs-employer contributions as well :)

Thanks. Do you know if the individual contribution has to be less than 20% of the income? In other words, if I make $50K can I still contribute $18K for the individual portion?

I am self employed (1099 income as independent consultant). I have a business name I am DBA so my invoices are paid in the name of the business and not in my name. Since we live mostly on DW's income (and it also puts us in the highest tax bracket) I try to put as much of my income away as...

Oops. That wouldn't work. At least the yields are not too good to be true then [emoji56]

Let me clarify - over 90% of our assets are in stock funds. Not trying to time the market but just don't feel comfortable going 98% stock at all time highs. Sometime during the 2008 correction I did get into this position - did not catch the bottom but it was a good time to go all in with a 15...

Thanks Oldshooter. I will have to look into SAMBX for the other money I need to park. I don't know much about brokered CD's but 1.2% seems very low to lock up funds for 3 years when you can get 1%+ in money market funds. Am I missing something?

Thanks for all the replies and insights. I started with moving $150K into a Short Term tax exempt fund (VWSUX) that yields 1.09%. I reckon I have another $250K to place and will look at some other funds to diversify but at least I am now getting around 1.8% tax equivalent return on some of the...

I also booked the model 3 last year and am in the first 200K bookings. Being based in Tesla's backyard (SF Bay Area) I hope to have a delivery date within the next year or so. We are "buy & hold" car buyers. We drive a 2006 Mercedes SLK and 2010 BMW X5 with no plans to get rid of them. DW needs...

Thanks - That's helpful! I assume that also means if you hold for 5 years the impact of the rate increase cancels out the loss in principal?