Search found 123 matches

by diydocwifejd
Sun Jan 28, 2024 10:50 am
Forum: Personal Investments
Topic: Physician spouse changing jobs - 457b & 403b questions
Replies: 12
Views: 1073

Re: Physician spouse changing jobs - 457b & 403b questions

Since there's nothing wrong with the current governmental 457b, it might be best to leave this money alone until retirement time, when you can comfortably put it into an IRA. To actually determine whether or not you should roll this money anywhere else, compare the administrative fees, expense ratios, etc. between the existing 457b and any new 403b or other plan. It could be that the "new" plan is more expensive than the "old" plan. Regards, Ahh ok. So options seem to be leave it in current 457 or roll to new 403b. If we can leave it in current plan, we'll do that. If not, we'll roll to new 403b if we can. This is all super helpful. Now just need to decide whether we will want to contribute to the new non-governmental 4...
by diydocwifejd
Sun Jan 28, 2024 10:42 am
Forum: Personal Investments
Topic: Physician spouse changing jobs - 457b & 403b questions
Replies: 12
Views: 1073

Re: Physician spouse changing jobs - 457b & 403b questions

BogleTaxPro wrote: Sun Jan 28, 2024 10:37 am According to the IRS rollover charts (https://www.irs.gov/pub/irs-tege/rollover_chart.pdf), you can roll over the Governmental 457b to a Traditional IRA or a pre-tax 403b or a Roth IRA (but the Roth IRA would be a taxable event and 150K is a LOT).
Awesome I just came across that chart (https://www.irs.gov/pub/irs-tege/rollover_chart.pdf) as well (which is shockingly detailed and helpful)

Looks like our best bet will be to roll the funds over to his new 403b. I'm going to confirm with HR at old job and new job that my understanding is correct that these are allowable (and non-taxable) events
by diydocwifejd
Sun Jan 28, 2024 10:40 am
Forum: Personal Investments
Topic: Physician spouse changing jobs - 457b & 403b questions
Replies: 12
Views: 1073

Re: Physician spouse changing jobs - 457b & 403b questions

retired@50 wrote: Sun Jan 28, 2024 10:31 am
I would avoid rolling money into a non-governmental 457b plan.

This is with a job change. We aren't allowed to roll the existing governmental 457 to a non-governmental anyway. This is not allowed by law.


What's wrong with the current governmental 457b plan?

Nothing! It's great! But we're leaving that government job to a private hospital where they only have a non-governmental 457
by diydocwifejd
Sun Jan 28, 2024 10:25 am
Forum: Personal Investments
Topic: Physician spouse changing jobs - 457b & 403b questions
Replies: 12
Views: 1073

Physician spouse changing jobs - 457b & 403b questions

My husband is contemplating a move from an academic, governmental hospital to an academic, privately owned hospital. I'm trying to get ahead of planning for benefits changes. Biggest issue right now is the 457b. We are coming from a governmental 457b to a non-governmental one. Can we roll our governmental 457 to a non-governmental one? I assume no. If not, what are the options? Leave in the governmental plan til 59.5 (not ideal - I want more control over the money than that. Could we also roll to the 403b? Or is that not allowed? It's 150k roughly. I know we can likely roll it to an IRA - in that case, would we roll to trad IRA or roth IRA? Ideally would want roth to keep allowing backdoor roths every year. Either way, I'm really confused a...
by diydocwifejd
Sun Jan 21, 2024 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: HSA not available at potential new job
Replies: 9
Views: 714

Re: HSA not available at potential new job

Thank, all. This is making me feel better. Overall quality of life would be better and it’s essentially a lateral move comp wise. Benefits will be marginally worse, but whatever. We made hay while the sun shined at old job
by diydocwifejd
Sun Jan 21, 2024 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: HSA not available at potential new job
Replies: 9
Views: 714

Re: HSA not available at potential new job

Artful Dodger wrote: Sun Jan 21, 2024 3:31 pm Are they offering medical coverage, dental, vision, life, disability, retirement savings, profit sharing, etc.
Yep they’re offering all of that. Will drill down into the nuances of the plan/employer contributions once we get an offer. The only other diff we can see so far is that the new job offers less of a match than the old job on the 403b and there isn’t a 457b with the new job. I’m prepared to re-route money that was being directed to HSA and 457 into our brokerage account.
by diydocwifejd
Sun Jan 21, 2024 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: HSA not available at potential new job
Replies: 9
Views: 714

HSA not available at potential new job

My husband is a physician and is considering a new job. The new job does not offer a high deductible health plan, so no HSA is available. I’m candidly bummed and disappointed. Do you think this is a big deal? We have been contributing annually to our HSA for the past 8 years at his current job.
by diydocwifejd
Tue Jan 02, 2024 3:59 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3621
Views: 568977

Re: Post your Financial Milestone Announcements Here

End of the year addition to this thread. NW (excluding home equity) is up $450k from last year and is now $1.4M (was 950k last year). We put $236,000 in our retirement and brokerage accounts in 2023 and 50k extra principle toward our mortgage for total savings of $286k. Savings rate was 30% of gross income. Very happy about that growth and savings rate! Also contributed to my company's mega backdoor roth for the first time this year. Mortgage balance is at $305k (home is worth about $950k). I'm super ready to pay it off. My husband and I should have $100k in bonuses coming by end of this quarter - will throw all of that toward our mortgage. Excited to see what 2024 brings!
by diydocwifejd
Wed Nov 08, 2023 1:10 pm
Forum: Personal Consumer Issues
Topic: Glacier National Park/Canadian Rockies Trip in 2024
Replies: 36
Views: 4675

Re: Glacier National Park/Canadian Rockies Trip in 2024

We stayed at Lake McDonald lodge Sept this year in one of the cabins - they were SUPER nice. Our fav part of Glacier in terms of hiking was Many Glacier, but by the time we were in the park the Many Glacier lodge was closed for the season. And this was early/mid September so be aware that your lodging choices may be limited in sept
by diydocwifejd
Tue Aug 22, 2023 5:05 pm
Forum: Personal Consumer Issues
Topic: Tetons Yellowstone glacier fly fishing or rappelling guide recs
Replies: 5
Views: 665

Tetons Yellowstone glacier fly fishing or rappelling guide recs

We are taking a trip to Tetons, Yellowstone, and glacier in a few weeks. We’d like to schedule a guided fly fishing tour and rappelling tour in the area - any recs?
by diydocwifejd
Fri Apr 14, 2023 3:32 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3621
Views: 568977

Re: Post your Financial Milestone Announcements Here

I reached $200k in my personal 401k today (separate from my husband’s). Feels big and important :moneybag :mrgreen: :beer
by diydocwifejd
Wed Apr 05, 2023 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: What financial areas do you make sacrifices?
Replies: 80
Views: 7141

Re: What financial areas do you make sacrifices?

Relatively modest home and cars. Saving on the big things so that we can spend more on things we value (mostly outsourcing things, working out, traveling, and giving)
by diydocwifejd
Wed Apr 05, 2023 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending more on a house and car really that costly?
Replies: 231
Views: 21571

Re: Is spending more on a house and car really that costly?

I’m pretty obsessed with behavioral finance. We are high earners ($900k -$1M a year surgeon/tech lawyer combo). And echoing what others say about inflating lifestyle. It’s not really about that one purchase - it’s about what you end up spending BASED ON that purchase - people in higher end homes in higher end neighborhoods are going to feel like they need to spend more on lawn care, yard furniture, the car in their garage, their holiday decor, their furnishings, etc. Your friends and family will expect that you HAVE more money because you SPENT more money showing it off with a more expensive home and car. They’ll expect that you pick up the tab here and there, or that you’ll wear fancier clothing, etc. With a fancier car, you’ll want to get...
by diydocwifejd
Thu Mar 16, 2023 6:37 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth - No In Service Distribution Option
Replies: 5
Views: 714

Mega Backdoor Roth - No In Service Distribution Option

My company's mega backdoor roth does not offer an in service distribution option, although we can set up automatic conversions. I'm trying to understand what this means, and whether I should participate. Our HHI is roughly $1M - we already max out all of our tax advantaged spaces, HSA, backdoor roth, and approx $120,000 per year in a taxable. We are 36 and 37 and plan to work until we are both 50 at the latest. We have $1M in investments. We are already in the highest bracket and we save roughly $300k/year. Since we will be retired by 50, we will use our taxable account to get us to 59.5. My work plan offers a mega backdoor roth. We can do automatic in plan conversions (which I have set up - have not started contributing yet until I max out...
by diydocwifejd
Mon Feb 06, 2023 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did you reach your first $1 Million
Replies: 225
Views: 36606

Re: At what age did you reach your first $1 Million

35 (last year) then again at 36 (this year)
by diydocwifejd
Mon Feb 06, 2023 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Funding taxes for taxable broker account?
Replies: 10
Views: 872

Re: Funding taxes for taxable broker account?

I do it from a combination of things -

I add some padding to my emergency fund when I receive extra income (surprise bonus or spend less that month etc). That's usually up to idk a reasonable amount related to last year's taxes/my projections for the taxable account

I also adjust my employer withholdings a bit

And I don't reinvest dividends so I can also use the cash in that settlement account

After taxes filed, I can use the surplus in accordance with our investment plan and rinse and repeat each year.
by diydocwifejd
Sun Jan 22, 2023 11:54 am
Forum: Investing - Theory, News & General
Topic: Mega Backdoor Roths - contribution percentages
Replies: 9
Views: 1226

Re: Mega Backdoor Roths - contribution percentages

ilisira wrote: Sat Jan 21, 2023 2:10 pm
If there is interest, I can try to replicate a similar spreadsheet in google sheets.
Yes! That would be amazing and very helpful
by diydocwifejd
Fri Jan 20, 2023 12:01 pm
Forum: Investing - Theory, News & General
Topic: Mega Backdoor Roths - contribution percentages
Replies: 9
Views: 1226

Mega Backdoor Roths - contribution percentages

For contributions to mega backdoor roths (after-tax 401ks) - we have to enter in a percentage of our paycheck into Fidelity for contributions. I've searched high and low to see if I can find the answer - is that percentage supposed to be a percentage of my take home pay (post-taxes) or percentage of gross. I am unreasonably confused by the issue. Thanks!
by diydocwifejd
Fri Dec 30, 2022 11:39 am
Forum: Personal Finance (Not Investing)
Topic: What are you doing differently in 2023?
Replies: 210
Views: 28897

Re: What are you doing differently in 2023?

We will use mega backdoor roth for first time since I have a new job that offers it. Will continue maxing 401k, 403b, 457, backdoor roth, HSA. Will continue investing $10k/mo into our taxable brokerage. Will also continue adding an extra $3,700 per month to our principle on our mortgage. Any bonuses or extra money we will put toward our mortgage. Really everything is solidly on auto-pilot. I will also cash out a small $40k pension from my prior job and put that money into our taxable brokerage in 2023. Was waiting to do that until 2023 for tax reasons (we are going to have a larger tax bill this year because of my sign on bonus). But YAY. Hoping this year continues smoothly. First year that we really have no solid things to do other than st...
by diydocwifejd
Fri Dec 30, 2022 10:15 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3621
Views: 568977

Re: Post your Financial Milestone Announcements Here

End of the year addition to this thread: We are now at a total of $950k in investments (up only $50k from last year despite putting almost $200k into the market - but I'm glad to finally have the opportunity to buy some of the market on sale) We have been rapidly paying down our mortgage. Balance is now ~$400k and we should be able to pay it off in 4 years max. My goal was to get it below $400k - missed that by a few thousand, but I'm still very happy with the progress. I hate debt, so happy to be continually chipping away. I also nearly doubled my income this year with a new job - hoping to continue developing skills and growing in the new job in order to continue to propel our goals. New job comes with a mega backdoor roth, so I'm also ve...
by diydocwifejd
Fri Dec 16, 2022 9:47 am
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 309
Views: 30352

Re: How much do you keep in checking (2022)?

We keep $19k in there as buffer (2x monthly expenses). Just like having a cushion sep from our EF.
by diydocwifejd
Sat Oct 22, 2022 11:43 am
Forum: Personal Investments
Topic: Mega backdoor roth - can I also do Backdoor roth
Replies: 3
Views: 473

Mega backdoor roth - can I also do Backdoor roth

I moved to an employer which will allow mega backdoor roths (never had access to MBDR before now). I’ve always maxed out 401k, 403b, 457b, and done backdoor roths. We are high income DINKs (just shy of $1M per year combined annual income), super savers (over $250k/year) who plan to retire by 50 at the latest (we’re both mid thirties). Net worth is just shy of $1M of investments (not including home equity). Plan to retire with $7M by age 50. I’ll start my MBDR Jan 1 and max out up to the $61k limit (or whatever it is). It allows automatic in-plan conversions through fidelity which I plan to enable. Two questions. 1) can I still do a $6.5k backdoor Roth in 2023 for both me and my husband? 2) we have option with MBDR to do roth 401k or Roth IR...
by diydocwifejd
Wed Aug 17, 2022 7:54 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3621
Views: 568977

Re: Post your Financial Milestone Announcements Here

We reached $1M in investments! Husband is 37 and I’m 36. He’s a physician and 5 years out of training. We have a ways to go until FI (our target is $7M), but it’s amazing to finally have this first big investing milestone behind us! I also just accepted a new job where I’m almost doubling my income, so that should help us reach some goals quicker :D YAY!
by diydocwifejd
Fri Jun 24, 2022 10:15 am
Forum: Personal Finance (Not Investing)
Topic: In House Tech Attorney Comp
Replies: 25
Views: 4502

Re: In House Tech Attorney Comp

Sorry seems like using the term mid-level is confusing. It's not an entry level in-house position and not a senior position. I'm 10 years out-- position is suited for someone 8-15 years out of law school.
by diydocwifejd
Thu Jun 23, 2022 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: In House Tech Attorney Comp
Replies: 25
Views: 4502

Re: In House Tech Attorney Comp

9-5 Suited wrote: Thu Jun 23, 2022 3:14 pm Just curious if you could elaborate on how you came to the conclusion this offer was low? Not suggesting it isn't, just wandering what information convinced you of that.
Just the way the recruiter framed this as their minimums and whether it was hundreds of thousands of dollars off my expectations :D
by diydocwifejd
Thu Jun 23, 2022 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: In House Tech Attorney Comp
Replies: 25
Views: 4502

In House Tech Attorney Comp

Are there any in-house FAANG attorneys who can share your comp breakdown (base, bonus, RSUs) and PTO? I am pre-offer with a tech company that is competing in the same ballpark as FAANG lawyers for talent. I'm trying to have a better understanding of what I should reasonably ask for. Do you know what a reasonable expectation for in-house lawyer comp should be at a FAANG-like company for a mid-level commercial contracts role? Or are there websites I can use to evaluate? Every site I've consulted is for software engineer/IT roles not corporate roles (and not lawyer roles). The starting numbers they provided me were low -- minimum of $220k base, annual bonus of at least 15%, and RSU of at least $30k. I know this is WELL below what it should be ...
by diydocwifejd
Mon Jun 06, 2022 2:09 pm
Forum: Personal Consumer Issues
Topic: Opinions on high end appliances
Replies: 119
Views: 12313

Re: Opinions on high end appliances

So I hate to decide things based on "what other people are doing" but in this case, if your neighborhood is high end, people are going to expect you have high end appliances if you ever sell. It's a negative if you're in a shi shi neighborhood and have kitchenaid appliances.

Are they worth the price tag? Absolutely not. It's all the same basic motor and functionality. But the name brand is going to cost you more because they can be super customized and all of that good stuff. But it truly comes down to the character of your neighborhood and what your neighbors have in their house. If it's a low-end/average neighborhood, I wouldn't spend the money on luxury appliances.
by diydocwifejd
Wed Jun 01, 2022 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: high paying blue-collar careers
Replies: 59
Views: 6493

Re: high paying blue-collar careers

Construction/field operations for a utility company. Or lineman for an electrical company
by diydocwifejd
Thu Apr 21, 2022 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Asking HR/Manager/Department to do market rate salary adjustments
Replies: 8
Views: 836

Asking HR/Manager/Department to do market rate salary adjustments

All,

I am an in-house attorney working for a publicly traded company. I still have lots of colleagues and close friends who work in other similar jobs in the same city. We'll often compare salaries/benefits regularly and touch base when interviewing elsewhere so that we all know what's market. Well, my company has been minorly lagging the past couple of years, but now we are WELL outside of the norm. SUPER underpaid. I don't want to leave my job. But I do want to request that a market-based salary adjustment be made for existing employees.

Has anyone done this? Any idea how to ask for this? I know there's data out there -- I want this for the whole department not just for me.
by diydocwifejd
Thu Mar 03, 2022 2:58 pm
Forum: Personal Consumer Issues
Topic: Critter in the Crawlspace
Replies: 57
Views: 4352

Re: Critter in the Crawlspace

Squirrels?
by diydocwifejd
Thu Jan 13, 2022 3:55 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3621
Views: 568977

Re: Post your Financial Milestone Announcements Here

Net worth increased by $305k today! Husband's student loans were forgiven through PSLF :sharebeer :sharebeer :beer :moneybag :mrgreen:
by diydocwifejd
Thu Jan 13, 2022 11:35 am
Forum: Personal Investments
Topic: When to sell TDF in brokerage account?
Replies: 6
Views: 603

Re: When to sell TDF in brokerage account?

Thanks, all. This is helpful!
by diydocwifejd
Thu Jan 13, 2022 11:25 am
Forum: Personal Investments
Topic: When to sell TDF in brokerage account?
Replies: 6
Views: 603

Re: When to sell TDF in brokerage account?

Assuming that you have capital gains on those target-date funds in your taxable brokerage account, I'd recommend you consider the following: 1. Halt any automatic investment in those funds and turn off dividend reinvestment. 2. Do not sell any shares that you have held for less than one (1) years. Short-term capital gains are taxed as ordinary income, rather than at the favorable capital gains rates. Shares held at least one (1) year are taxed at the long-term capital gains rates. 3. Ascertain whether you have any zero percent (0%) long-term capital gains tax space based upon your tax filing status and taxable income. If so, sell whatever portion you can at zero percent. (0%) (Note: These rates pertain to federal taxation, you may incur li...
by diydocwifejd
Thu Jan 13, 2022 11:03 am
Forum: Personal Investments
Topic: When to sell TDF in brokerage account?
Replies: 6
Views: 603

When to sell TDF in brokerage account?

All, I finally understand now why all of you say not to do a TDF in a brokerage account because of dividends. We contribute $10k monthly to our brokerage account. We have been doing this for the past 5 months, and thankfully I'm course correcting now rather than 30 years from now. I had to actually SEE the dividends get deposited in order to have my ah-ha moment. The balance in that account is roughly $50k. I've now course corrected into a three fund strategy for all future investments in that account. Do I just leave the TDF balance in there for now since ultimately it will be a really small part of our portfolio balance long term. Or should I just bite the bullet and pay the taxes on it? I'm leaning toward just moving the TDF funds into m...
by diydocwifejd
Sun Jan 02, 2022 1:22 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3621
Views: 568977

Re: Post your Financial Milestone Announcements Here

End of year addition to this thread:

Investments are up $300k from last year -- now $900k! Should cross $1M in investments in 2022...
We also saved up an $86k emergency fund over the course of 2021
by diydocwifejd
Fri Dec 03, 2021 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Very high earners ($400k+), how did you do it?
Replies: 563
Views: 63873

Re: Very high earners ($400k+), how did you do it?

Firemenot wrote: Fri Dec 03, 2021 10:54 am
I think a lot of the general public’s misperception about the typical lawyer’s compensation comes from TV and movies.
And their spending habits
by diydocwifejd
Tue Nov 30, 2021 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Very high earners ($400k+), how did you do it?
Replies: 563
Views: 63873

Re: Very high earners ($400k+), how did you do it?

BigLaw Survivor wrote: Tue Nov 30, 2021 9:22 am Biglaw, obviously. But look at my username to get an idea of how much fun that was.
I went in house after 5 years, and I never looked back. I realized how biglaw had completely warped my view on how most everyone works. It's so demanding on the attorneys' (and their families') time -- I can't imagine how you stuck it out as long as you did :shock:
by diydocwifejd
Wed Oct 13, 2021 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: paying for big purchases? cash or debt?
Replies: 40
Views: 4160

Re: paying for big purchases? cash or debt?

DoubleComma wrote: Wed Oct 13, 2021 2:08 pm There is no right answer to this.

I use cash for these types of purchases. The leverage you get by keeping cash invested and taking on debt isn’t attractive to me. I’m not concerned about having enough money at retirement or another point in time to want additional debt service.

Others prefer debt and keeping their cash invested. They have their own reasons for that.

You get to pick what you prefer.

This, however, IS the right answer :wink:
by diydocwifejd
Wed Oct 13, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: Ideas for Celebrating A Financial Milestone & Staying Motivated
Replies: 73
Views: 7958

Re: Ideas for Celebrating A Financial Milestone & Staying Motivated

I love the posts about motivation. I think it's a necessary part of the journey. For us, we love travel. So I make sure that we have champagne and trip on the books once we celebrate milestones. And I'm talking LAVISH trips. Not like a weekend hike in the woods.

To each their own, but I can't relate to those that just let each milestone pass by. I need to take a breather and spend a little bit in order to reward the sacrifices.
by diydocwifejd
Wed Oct 13, 2021 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: SAHD return to work outside home or enjoy easier lifestyle now -- YOLO :)
Replies: 11
Views: 1195

Re: SAHD return to work outside home or enjoy easier lifestyle now -- YOLO :)

I often wrestle with this dynamic myself (although we are dual income no kids). My husband makes $700k+ a year. I made $180k+ a year (but I'm taxed at the highest rate since we file jointly). So I bring in ~$5k/mo versus his $35k/mo take home. And my job is incredibly stressful and demanding. And I only have 18 days off a year. My vacation time is so limited that it limits the time my husband can take off of work. I often wonder if it's even worth it for me to work when I'm bringing in limited value. If your spouse does not derive satisfaction from work, then I think it's a bad idea to do it for the financial reasons only. The reason I do it is that I take pride in having a job, I like sharing in our shared financial goals, I like contribut...
by diydocwifejd
Thu Oct 07, 2021 10:28 pm
Forum: Personal Consumer Issues
Topic: Park City and Salt Lake City [looking for things to do]
Replies: 29
Views: 2809

Re: Park City and Salt Lake City

pezblanco wrote: Thu Oct 07, 2021 7:11 pm
stoptothink wrote: Thu Oct 07, 2021 4:15 pm
KirklandCoug wrote: Thu Oct 07, 2021 3:54 pm Red Iguana is a must in SLC. Maybe the best Mex I've ever tasted.
Been mentioned twice in this thread. IMO, it's OK, but (as a Mexican myself) pretty much every one of my relatives makes better food. Maybe it's just me, as someone who rarely eats out, but I wouldn't go out of my way for it.
You brought me out of hiding! ha ha ha ... yes, It is probably the best Mexican restaurant in SLC but seriously, that is like saying a certain eating establishment is the best French restaurant in Green Bay, Wisconsin. I.e. it's not particularly good Mexican food ....

Lolololol agree. Their food is solidly mediocre. Brunch at the copper grill, however, is always fantastic. Get the Turkish eggs!
by diydocwifejd
Wed Oct 06, 2021 12:44 pm
Forum: Personal Investments
Topic: Fidelity Cost Basis for Taxable Brokerage
Replies: 4
Views: 677

Fidelity Cost Basis for Taxable Brokerage

All, We are finally to the point where we are in a position to regularly invest for retirement in a brokerage account. I opened it in August. The goal of this account is for a supplement to our tax advantaged retirement accounts. We do not plan on taking money out of this account until retirement (15 years from now). We are at the highest tax bracket now, and we expect to be that way until we retire. Our goal is $7M in assets before we retire. I am trying to set up our taxable account in the simplest way I can to make life at retirement easier -- trying to set things up the right way at the outset rather than trying to undo things later. We use Fidelity for this brokerage account. We invest $10k/mo in this account (current balance is $18k)....
by diydocwifejd
Mon Oct 04, 2021 12:27 pm
Forum: Investing - Theory, News & General
Topic: Investment strategies for high net worth individuals
Replies: 116
Views: 21489

Re: Investment strategies for high net worth individuals

If you’re over the estate tax limit, I think it’s worth talking to a tax advisor, estate planning attorney, etc.
by diydocwifejd
Mon Oct 04, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual bonus strategy?
Replies: 20
Views: 2341

Re: What is your annual bonus strategy?

Mine is usually $15k-$20k. We put it all toward our mortgage.
by diydocwifejd
Tue Aug 31, 2021 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 12862
Views: 1277080

Re: Refinance Mega Thread

Quick question. My LenderFi refinance closed on 8/26. Funded today (but apparently funds will not transfer until 9/2). Thus, my regular payment for my current lender is due tomorrow and will be drafted tomorrow as usual before the payoff takes place. Do I contact the title company about this? What are my steps? Will my current lender issue a refund check to me? Anyone know?