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Re: Determining spending allowance for myself

Yes, the $400k is above and beyond both college savings and retirement. I consider both retirement and college savings to be "fully funded."
by miamivice
Fri Apr 11, 2014 5:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Determining spending allowance for myself
Replies: 6
Views: 545

Determining spending allowance for myself

I have a large sum of money - about $400,000 - sitting in a investment funds that I have no intended purpose for. We are finished with college savings for our children, we have no debt, and our retirement is solid. We own a house and are making monthly payments on at a rate of 3.25%, so I'm not moti...
by miamivice
Fri Apr 11, 2014 4:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Determining spending allowance for myself
Replies: 6
Views: 545

Does it make sense to rollover to a Roth IRA?

I have about $375,000 in retirement assets. 21 years from retirement if I retire at 55, 31 years if I retire at 65. About $200,000 are in pre-tax accounts, i.e., 401(k) and Roth IRA About $175,000 are in after-tax accounts, i.e., Roth IRA I have an option to roll $50,000 of pre-tax money into a Roth...
by miamivice
Wed Mar 05, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rollover to a Roth IRA?
Replies: 4
Views: 256

Re: $400,000 at age 35 - should I start spending more?

My mortgage balance is $450,000. It's tempting to pay it off, but I pay 3.25% interest (about 2.5% after tax advantages due to mortgage deducation), and I figure I'll do at least that well investing for the long term in the stock market. The $400,000 in non-retirement could be used for retirement, b...
by miamivice
Mon Dec 30, 2013 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: $400,000 at age 35 - should I start spending more?
Replies: 28
Views: 4507

$400,000 at age 35 - should I start spending more?

I recently conducted a year end review of my financial status. It looks like I have $400,000 in non-retirement/non-housing assets. Other assets include $350,000 in retirement, $150,000 in home equity, and $100,000 in college savings. I'm 35. I'm having a hard time grasping what I'll do with the $400...
by miamivice
Mon Dec 30, 2013 8:19 am
 
Forum: Personal Finance (Not Investing)
Topic: $400,000 at age 35 - should I start spending more?
Replies: 28
Views: 4507

How to invest $100,000

I have $100,000 to invest. I'd like to hear that you'd go about investing this sum of money. It's money I've had for a long time, set aside for a particular purpose, and turned out didn't need it for that purpose. I'd like to invest it and help it grow because it is not earning interest as cash righ...
by miamivice
Tue Jun 11, 2013 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to invest $100,000
Replies: 3
Views: 1072

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