Just reflecting on our journey to Dublin and the route we have taken so far.
Things we do or did right:
-Contributed consistently to our tax advantaged accounts on a regular basis over an extended period of time with an appropriate allocation. We were bogleheadish and we didn’t even know it.
-We understood early on the importance of home ownership and building up equity.
-Pay extra to our current mortgage on a monthly basis (15 yr. mortgage).
-Pay our credit cards in full on a monthly basis and maximize points for cash back purposes.
-We maintain adequate term life insurance.
-We have access to adequate emergency funds.
-Ensure wife takes advantage and contributes the maximum allowed to her company’s 401k and thus take advantage of maximum company retirement (match) contribution annually.
-We contribute to our Roth IRA’s to the allowable maximum.
-As the steward of our financial ship, I rebalance when necessary. (Her 401k and my 457)
-We consolidated our investments over time to reflect TSM, Total International and Total Bond with some TIPS Fund and Wellington. We also include a stable value fund and an emerging markets bond fund. Our allocation is currently 60% equity funds (approximately 25% international) and 40% bond funds.
-I learned to remain cognizant of tax efficiency and portfolio costs.
-We have fully rebounded from the meltdown of 2008-2009.
-Read this forum daily and stay on track. I avail myself to learn every day.
-I have read many of the recommended books and keep myself informed.
-We are on the path to adding a second comma to our investable assets.
Things we do or did wrong:
-We accumulated too much credit card debt during our earlier years. We paid them off only to build them back up.
-We did not save enough early on.
-In our earlier years, we invested in individual stocks around 1999 and bailed on them when the market went down (2000-2002?).
-Took a chance and carried two mortgages during the housing market meltdown 2007 - 2008. (For the average family (us), I would try to avoid this scenario, if possible. Thankfully it worked out for us).
-I tweaked investments too much in an effort to construct the perfect portfolio.
-I check our accounts too often. (Although I do monitor how our investments correlate with each other on good days, flat days and bad days. I find it interesting).
-I follow the market on a daily basis.
-I watch Fox Business daily. Too much noise, but I do find it interesting. Our investments have not been adjusted as a result of this. Following this forum can also be too much noise at times, but I am thankful for the information I have garnered from it.
-Reacted to the market downturn in 2008 and pulled out our investments for approximately 6 months, fortunately we got back in, adjusted our allocation and invested appropriately. We learned a lot during this time.