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Re: Reaching Severe Burnout - Can I Scale Back Career?

Your happiness is worth a lot more than anything else you mentioned. I would 100% look for something else.

I'm in a similar predicament but mine is a little different. I am going to post on it soon as I need some advice myself :(
by goodyear35
Wed Jul 23, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 50
Views: 6212

Re: Too Much in 529's?

I'm extremely confused as to why you are putting aside soo much? $75K per year seems extreme. That means there will be over $1M in the plan by the time they graduate? Are you planning on all of this money going to your children or back into your bank account in some way? They are making a one-time ...
by goodyear35
Fri Jun 20, 2014 2:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too Much in 529's?
Replies: 25
Views: 1764

Re: Too Much in 529's?

I'm extremely confused as to why you are putting aside soo much? $75K per year seems extreme. That means there will be over $1M in the plan by the time they graduate? Are you planning on all of this money going to your children or back into your bank account in some way? They are making a one-time ...
by goodyear35
Fri Jun 20, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too Much in 529's?
Replies: 25
Views: 1764

Re: Too Much in 529's?

I'm extremely confused as to why you are putting aside soo much? $75K per year seems extreme. That means there will be over $1M in the plan by the time they graduate? Are you planning on all of this money going to your children or back into your bank account in some way?
by goodyear35
Fri Jun 20, 2014 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too Much in 529's?
Replies: 25
Views: 1764

Re: Should I move from Fidelity to Vanguard?

Just out of curiosity, for those who say not to move to Vanguard, would your opinion change if you had over $1M in assets to where you were able to get Flagship Services?
by goodyear35
Wed Jun 11, 2014 3:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I move from Fidelity to Vanguard?
Replies: 44
Views: 3679

Re: Starting a business question

You're giving away too much equity.

I would structure it to where it's 51/49 in your favor and you have final say in the decision making.

He is paid back his investment money before any distributions are made. You will be doing all the work. Don't do 80/20 in his favor, bad bad idea.
by goodyear35
Tue May 27, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting a business question
Replies: 36
Views: 1909

Re: Home buy - Now or later (Big salary increase)

Let me save you A LOT of headaches, time, etc. Rent a house exactly like your dream home for at least 1 year, and THEN determine if its your dream home. I bought a home about 2 years ago for $1.1M. I THOUGHT it was my dream home. Turns out, there are many things I overlooked as being important. Stor...
by goodyear35
Thu Jan 16, 2014 5:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buy - Now or later (Big salary increase)
Replies: 32
Views: 3691

Re: Young Guys [and Gals] Making Good Money

Started my own business (32ish) - Worked my tail off, failed on a couple of things and hit big on another. First year earnings were negligible. I went from making about $71K in the first year (2008) to over $2M this past year (2012). I will say though, since starting my own business my health has t...
by goodyear35
Wed Oct 02, 2013 9:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 23768

Re: Young Guys [and Gals] Making Good Money

I'll share as well because my parents were about to give up on me ... High school - Did well, but had issues with anxiety. Kinda nerdy, never partied. Was building web sites while others were out having fun. Made about $2-3K per month off of it. College - Got introduced to drinking, started partying...
by goodyear35
Mon Sep 30, 2013 3:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 23768

Re: how bad would it hurt to spend an extra 10k on a car (24

There is something very cool about having money and not spending it. Almost the opposite of having "cool" stuff. Make money, live well below your means = cool.
by goodyear35
Wed Jul 17, 2013 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 5328

Re: Portfolio Advice - Would be Grateful for your Help!

Guys/Gals, still look for advice on a good bond fund that is tax friendly, what about the one below in place of Vanguard Intermediate-Term Tax-Exempt (VWITX)?

Market Vectors Intermediate Municipal Index (ITM)
by goodyear35
Mon Mar 25, 2013 4:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Portfolio Advice - Would be Grateful for your Help!

I just found out today that Vanguard Intermediate-Term Tax-Exempt (VWITX) fund is no longer available for purchase unless you were a prior investor in the fund: http://blogs.barrons.com/focusonfunds/2013/02/28/vanguard-wellington-fund-closes-to-new-institutional-investors/ I now need to figure out w...
by goodyear35
Fri Mar 22, 2013 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Portfolio Advice - Would be Grateful for your Help!

Hi - One thing struck me in your post: Current yearly gross income = $1MM+ New annual Contributions $17,500 his 401k + $6,000 company match. Total $23,500 $5,000 his Rollover 0 taxable Is the net income much lower, are you accounting for it elsewhere, or is there another plan for what to do with th...
by goodyear35
Fri Mar 15, 2013 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Portfolio Advice - Would be Grateful for your Help!

Let me offer an opposing view to chan and Taylor Larrimore. You've got an awful lot of money for someone your age. My guess is that you work very hard and don't have much free time so that early retirement is an attractive option. Alternately, you might want to accumulate enough capital to start/bu...
by goodyear35
Fri Mar 15, 2013 11:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Portfolio Advice - Would be Grateful for your Help!

Goodyear, Nothing to add to Taylor's suggestion, but my comment is more on your 80/20 asset allocation. With an income of over $1MM a year, you have already won the game. If I were you, I would be a lot more conservative. But hey, it all depends on what your future needs and plans are. But congrats...
by goodyear35
Fri Mar 15, 2013 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Thoughts and suggestions

Anyone else can chime in and let me know your thoughts on my portfolio strategy? And more specifically what I plan to do with the $1MM in TD Ameritrade. Goodyear: Your planned taxable portfolio: Here is my plan for the $1MM/cash in TD Ameritrade (92.12%) 45% Vanguard Total Stock Market ETF (VTI) (0...
by goodyear35
Fri Mar 15, 2013 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Portfolio Advice - Would be Grateful for your Help!

short video introduction to boglehead philosophy http://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy further info on tax-efficient fund placement http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund_Placement (there are some folks questioning the recommendations o...
by goodyear35
Fri Mar 15, 2013 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Portfolio Advice - Would be Grateful for your Help!

short video introduction to boglehead philosophy http://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy further info on tax-efficient fund placement http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund_Placement (there are some folks questioning the recommendations o...
by goodyear35
Thu Mar 14, 2013 6:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: Portfolio Advice - Would be Grateful for your Help!

In your taxable TD Ameritrade account I would suggest one or more of the Muni fund etfs mentioned in this articlehttp://etf.about.com/od/bondetfs/a/List_of_Municipal_Bond_ETFs.htm rather than the TBM.Why pay taxes now rather than far into the future. Similarly The Reit ETF might also be more approp...
by goodyear35
Thu Mar 14, 2013 5:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Portfolio Advice - Would be Grateful for your Help!

Emergency funds: 2 years. Debt: Mortgage of $770K @ 4.25%. No other debt. Tax Filing Status: Married Filing Jointly Tax Rate: 35% Federal (new rate will be 39.6%), 0% State State of Residence: Florida Age: 36 Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 30% of s...
by goodyear35
Wed Mar 13, 2013 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1307

Re: To those that have bought a house..Are you happy?

I love my house. Is there more responsibility and costs? Yep. But do I get enjoyment from it? BIG YEP. Its a lifestyle worth paying for me.
by goodyear35
Mon Oct 08, 2012 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: To those that have bought a house..Are you happy?
Replies: 142
Views: 10232

Re: Opening Vanguard Account under LLC

and if there are multiple members, perhaps other family members, or if you have a minority interest, they're never going to get their hands on any of it unless you want to. I guess when you offer to buy back your interest for pennies on the dollar, it's equivalent to settling your debt for that fra...
by goodyear35
Sat Aug 25, 2012 12:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening Vanguard Account under LLC
Replies: 18
Views: 2314

Re: Opening Vanguard Account under LLC

Does this really provide asset protection? Why not obtain an umbrella policy? That was my question. I am more used to seeing the risky activity in the LLC, not the owner. Not understanding this at all: "I am more used to seeing the risky activity in the LLC, not the owner." As far as umbr...
by goodyear35
Fri Aug 24, 2012 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening Vanguard Account under LLC
Replies: 18
Views: 2314

Re: Opening Vanguard Account under LLC

Regarding the asset protection element of holding investments in an LLC... The charging order feature of an LLC would in some states give LLC members protection against stuff they do. I.e., while not as good as a retirement account, assets stored in an LLC might be somewhat protected in some states...
by goodyear35
Fri Aug 24, 2012 1:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening Vanguard Account under LLC
Replies: 18
Views: 2314

Re: Opening Vanguard Account under LLC

Sidney wrote:How sure are you that an LLC will provide real protection?


I'm not sure there are any guarantees in life. It's just another hurdle.
by goodyear35
Thu Aug 23, 2012 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening Vanguard Account under LLC
Replies: 18
Views: 2314

Re: Opening Vanguard Account under LLC

Looks like I am better off going through TD Ameritrade.

Thanks
by goodyear35
Tue Aug 21, 2012 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening Vanguard Account under LLC
Replies: 18
Views: 2314

Opening Vanguard Account under LLC

I would like to open a Vanguard account under my LLC. The LLC was formed as an asset protection vehicle. I will be funding the account initially at $500,000. 1. Does Vanguard allow you to open an account using an LLC? And if so, is there a specific department I need to speak to? 2. Are there any tax...
by goodyear35
Mon Aug 20, 2012 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opening Vanguard Account under LLC
Replies: 18
Views: 2314

Re: Business Taking Off - Need Guidance

Thank you all for your advice. Best regards.
by goodyear35
Fri Jan 20, 2012 1:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business Taking Off - Need Guidance
Replies: 9
Views: 1358

Re: Business Taking Off - Need Guidance

CPA or Tax Attorney to make sure business and taxes are set up correctly and assist you in figuring out what/how to take advantage of pre-tax investment space. Then a fee only financial planner if you don't have the time to do it yourself. Good insurance agent - don't buy whole life Estate attorney...
by goodyear35
Thu Jan 19, 2012 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business Taking Off - Need Guidance
Replies: 9
Views: 1358

Re: Business Taking Off - Need Guidance

Welcome! First question - are you willing/able to put in the time to handle this yourself, or does running the business prevent that? I am definitely open to learning. With that said, I would rather have someone who is qualified guide me as I sure as heck wouldn't want someone self taught running m...
by goodyear35
Thu Jan 19, 2012 12:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business Taking Off - Need Guidance
Replies: 9
Views: 1358

Business Taking Off - Need Guidance

Hey guys, Been lurking around here for a while, and now is the time for me to post - to get my personal finance, etc. in order. I started a business a couple years ago and it started taking off in the past year or so ... I now have about $1.1M in various savings accounts and its growing by about $10...
by goodyear35
Wed Jan 18, 2012 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business Taking Off - Need Guidance
Replies: 9
Views: 1358

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