Search found 7 matches

by familymedicinedoctor
Thu May 16, 2019 2:21 pm
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2081

Re: 29yo Investmant Plan Review

3. Anything I am missing? One thing that I do is that I have a very simple spreadsheet that I update each year with my net worth on January 1st. I do this so that I can see my progress since a lot of the things like paying down debt will increase your net worth even if it does not increase your tot...
by familymedicinedoctor
Thu May 16, 2019 12:10 pm
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2081

Re: 29yo Investmant Plan Review

I would reconsider the mortgage paydown. Your mortgage is probably not worth doing a refi on, but basically you can 'earn' 4.75% by paying on the student loans vs. 3.75% for the mortgage. Also, probably even more favorable after tax since you can deduct interest on mortgages. I would even consider ...
by familymedicinedoctor
Thu May 16, 2019 11:15 am
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2081

Re: 29yo Investmant Plan Review

Welcome to the forum! Your plan looks like an excellent first step in securing your financial future. Given how much uncertainty lies ahead, it's good to anticipate there being multiple iterations of the plan as things progress and your career and family life evolve. The biggest challenge I see wil...
by familymedicinedoctor
Wed May 15, 2019 12:11 pm
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2081

Re: 29yo Investmant Plan Review

I make about 80k now and will be making 225-240k.

Sorry. When I say new car, I just mean new me. Open to buying used We have three kids and the car that can lug them around has about a year max left in it. We will likely have more kids in the future so have to purchase a bigger vehicle.
by familymedicinedoctor
Wed May 15, 2019 5:58 am
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2081

Re: 29yo Investmant Plan Review

Everything I know came from the White Coat Investor, his book, and recommendations for other books. Thanks!
by familymedicinedoctor
Tue May 14, 2019 11:22 pm
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2081

Re: 29yo Investmant Plan Review

megabad; Good point about the savings rate. Very reasonable to be flexible. I am trying to set a budget to be responsible early on with the large increase in income. That is why I pushed toward picking a number. The self-employed profit-sharing plan includes 4 parts: 1. Profit sharing plan up to 22,...
by familymedicinedoctor
Tue May 14, 2019 9:44 pm
Forum: Personal Investments
Topic: 29yo Investment Plan Review
Replies: 17
Views: 2081

29yo Investment Plan Review

Emergency funds/Short term savings: 20,000. Currently have about 10,000. Plan to contribute 500/month until funded. Plan to save ~5000 toward a vacation fund. Plan to save for new car which we expect to need in 1-2 years. Will keep all this in an online savings account that brings in 2.2% Debt: 1. S...