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Half year update on networth Half year update: After tax account: 2.0 Retirement account: 6.0 Rental Property: 4.9 Primary Residence 3.3 -0.7 total: 15.5m Good increase from 6 months ago thx to rising of stock and real estate price

Use defined benefit plan for self business, which allow one to put large portion of the income in retirement account, plus active investing.

Another year and half passed. Time to update my stats: After tax account: 1.8 Retirement account: 5.6 Rental Property: 4.4 Primary Residence 3.0 -0.8 total: 14.0m Big bump from last update thx to the rising stock and housing market. I joined this forum 7+ years ago, saying I plan to fire in...

Hasn't visited this forum for a long time. Time for an update. After tax cash/stock/bond 1.5m Pretax stock/bond/cash 3.8m Investment property 4.0m (soon to sell 1.6m to payoff primary mortgage) Primary Residence 2.6m with 1.4m mortgage It seems I have doubled my net asset since I joined the...

Thanks a lot. This makes a lot of sense

I have a question regarding how capital gain tax works under new tax law. Under new law: Capital gains are not taxed if your family earned income is below $77k. And AMT will not kick in if your capital gain is below 1million. So say John Doe, married, retired, with no earned income. But sold...

Thanks for the encouragement, and wish your Dad well. I am conservative by nature. The funds I have are all before taxes are considered. Lots capital gain in investment property and after tax account. Investment property income net about 80K before tax. And the next 4 years will be my biggest...

Six months passed by. Time for another update. (1.60 Prim Residence + 2.35 Rental(Per zillow number) + 2.35 taxable account + 2.30 tax advantaged account) = 1.60 Prim + 7.0 investable asset thanks to continued [MOD EDIT] stock market rally. I kept wondering how long can it last? A lot of...

6 months update. (1.48 Prim Residence + 2.2 Rental(Per zillow number) + 2.19 taxable account + 2.12 tax advantaged account) = 1.48 Prim + 6.51 investable asset thanks to Trump Rally. Don't know if it can hold. DS going to his favorite ivy coming fall. Everything as planned, including my...

Another 6+ months have passed Update after another 6 months: (1.45 Prim Residence + 2.2 Rental(Per zillow number) + 1.97 taxable account +１.80 tax advantaged account) = 1.45 Prim + 5.97 investable asset Fire target: 2021 Not sure how reliable zillow house price estimate number is. I'm seeing...

Update on my finance after 6months: ~6.7mm(1.45 Prim Residence + 1.9 Rental + 1.77 taxable account +１.66 tax advantaged account) Fire target: 2021

another 6 month passed by.Our NW is now about 6.3-6.4MM(1.3 primary+1.9 rental+1.6 after tax + 1.54 tax advantaged).

another 5 month passed by. We did not buy new house. Our NW is now about 6MM(1.2 primary+1.4 rental+1.85 after tax + 1.57 tax advantaged). I am leaving my current job for a better paid, exciting job. It looks like I am not ready to throw in the towel. I will re-examine the situation in 2-3 years...

Thanks for all the comments. They all sincere and helpful. We are still weighing pros and cons. We are not willing to leave all the friends and relatives here just to FIRE. We've stayed in our first home for many years. Most of our friends live in better houses with a big mortgage. Living in a...

9 months+ after my first post. I recalculate my portfolio. My NW including primary residence is now 5.6-5.7MM, thanks to appreciating investment assets. But I am not closer to FIRE because DW wants to move up to a ~2MM house(in Bay area, this is just a decent house, not even close to my dream...

:coolsmiley: Have you take tax into account? Also which state you get such high rental return? I have a few properties in different state. None of them returns as high as yours. good job!

If your tax bracket is not high, then muni may not be your cup of tea. Muni is a safe investment compared with many other investment. People hear Detroit, but Detroit is the only one. If you know how to pick stocks and always have capital gains. go for it. For me I want to have some high yield...

Stability in income. Principle will go up and down. Dividend has not changed at all from day one. If you want growth, buy ETF. But if you want income for retirement, high yield, high quality bond is the way to go. That is why you have roughly half bond, half stock. CD is for emergency fund, not...

I think you need to have some BFZ or MUC, which gives you 6.5-7% tax free return if you are CA resident. Principle may go down, in which case you buy more, Principle may go up, you hold, or sell some. Over the long term, it's much better than these 2-3 percent bond or CD.

Thanks for all the advice. I'll do some number crunching and sole searching so that I can have a clear plan. My guts feeling now is I will keep working until my son is done with college. He is a good student and studies hard. I can not imagine telling him I can not afford sending him to a top...

Hi there, I am a new member here. I see people claim " I am FIRE" here. How do I know if/when I am "FIRE"? Both my wife and I are 47 and have about 5 million NW including primary residence(worth 1.1 million). Among investable money, 1/3 of money is investment properties, 1/3 in retirement...