I don't think so.
HER 401a and 403b are at TIAA and have essentially the same options of investments.
Agree, but I need to come up with a plan to deploy at least some of it.
I don't think so.
Agree, but I need to come up with a plan to deploy at least some of it.
Thanks for the kind words.peterwantstosave wrote: ↑Fri Dec 27, 2019 9:40 am Hi, there,
Congrats on being in such good financial shape. Ned gives great advice.
I would recommend that you really think about how much of the 1.5mil you need for a house. Even in Cali, I would imagine prices vary a ton.
Then, I would think about a basic three fund portfolio (Stocks, Bonds, International). Mine is listed in the signature line, feel free to use if you wish.
I wouldn't use individual stocks, because I don't know enough about them to mitigate risk, but that choice is yours.
Keep costs and spending low and you'll be a multimillionaire very soon.
Be well, Peter
Are you using a tax professional? I have one, but he just does not have a full grasp of this issueLateSpecialist wrote: ↑Sun Dec 22, 2019 9:52 am I’m in a somewhat similar situation this year though with a single member LLC.
This is a scenario where a true tax professional may be worth the expense. It’s the ability to test scenarios using their dedicated software that you could benefit from, more than their know-how.
I’m looking forward to more informed answers as I navigate this myself.
Company can invest profits - so the owners of the company stand to loose
This is the first time private firm has launched a fund - matter of fact the firm was only established FOR this fund. Just looking for ways to dissuade others from investinglivesoft wrote: ↑Fri Dec 29, 2017 11:42 am Also how do you know if the private investment firm didn't start 12 or more "funds" and now is approaching potential investors with the best performing of the 12 funds? This is particular a problem for something that is only 6 months old in a stock market where EVERYBODY was making LOTS of money.
You can bet they would not be trolling for new clients if they had a 6-month-old fund with mediocre results.
And maybe last year, all their funds tanked and they all had to find new jobs to start over.
Noted.in_reality wrote: ↑Sun Oct 22, 2017 8:27 pmActually it's a potential concern.Salmon wrote: ↑Sun Oct 22, 2017 1:49 pmThanks for replying. Can you please clarify further how this is a potential tax mistake?
If international equities are in taxed sheltered, you can't claim the foreign tax credit on your income tax return.
So sometimes people prefer international in taxable. Then again, the yield is higher so it somewhat offsets.