Post your Financial Milestone Announcements Here

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LadyGeek
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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Sun Feb 17, 2019 9:07 am

ze233 wrote:
Sat Feb 16, 2019 11:55 pm
My wife and I just hit 2 commas for our combined investments + cash assets as of close of business yesterday. We had hit 2 commas in networth a couple of years ago, but that included our home equity.

However the 2 commas in just investments and cash has been a goal of mine to reach before turning 40 since I graduated college and started working.
I'm happy to say we reached it a few months before I turn 36.

I can't tell anyone else except my wife, but I'm glad to be able to share it with the Boglehead community.
Thanks for everyone for all the excellent advice and inspiration and motivation to stay the course and make this goal a reality. :beer

Now I suppose I need to figure out the next age goal, and target number.
Congrats! Remember that milestones are just arbitrary numbers. If what you have now is working, don't change it to reach a "new number".

Pick one that feels comfortable. If you reach it early, that's great. If not, just change the number. :)
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Sun Feb 17, 2019 9:52 am

ze233 wrote:
Sat Feb 16, 2019 11:55 pm
My wife and I just hit 2 commas for our combined investments + cash assets as of close of business yesterday. We had hit 2 commas in networth a couple of years ago, but that included our home equity.

However the 2 commas in just investments and cash has been a goal of mine to reach before turning 40 since I graduated college and started working.
I'm happy to say we reached it a few months before I turn 36.

I can't tell anyone else except my wife, but I'm glad to be able to share it with the Boglehead community.
Thanks for everyone for all the excellent advice and inspiration and motivation to stay the course and make this goal a reality. :beer

Now I suppose I need to figure out the next age goal, and target number.
Congratulations...

ze233
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Re: Post your Financial Milestone Announcements Here

Post by ze233 » Sun Feb 17, 2019 3:35 pm

LadyGeek wrote:
Sun Feb 17, 2019 9:07 am
ze233 wrote:
Sat Feb 16, 2019 11:55 pm
My wife and I just hit 2 commas for our combined investments + cash assets as of close of business yesterday. We had hit 2 commas in networth a couple of years ago, but that included our home equity.

However the 2 commas in just investments and cash has been a goal of mine to reach before turning 40 since I graduated college and started working.
I'm happy to say we reached it a few months before I turn 36.

I can't tell anyone else except my wife, but I'm glad to be able to share it with the Boglehead community.
Thanks for everyone for all the excellent advice and inspiration and motivation to stay the course and make this goal a reality. :beer

Now I suppose I need to figure out the next age goal, and target number.
Congrats! Remember that milestones are just arbitrary numbers. If what you have now is working, don't change it to reach a "new number".

Pick one that feels comfortable. If you reach it early, that's great. If not, just change the number. :)
Thank you. That is a good reminder. We're going to keep on the path we are on.

Another thread on here recently reminded me that ageism is real in my industry, so my next goal is to have enough to retire comfortably when I'm 50, in case I'm let go.
I believe if we keep on our current path, this will be very obtainable.

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Re: Post your Financial Milestone Announcements Here

Post by packet » Thu Feb 21, 2019 9:31 am

Congratulations to all the previous milestone posters.

Finally, we get to post in here too!

We've been flirting with the 2 comma club for a while now, the recent dip not withstanding. This morning, for no particular reason, I realized that we were already there. The number I fixate on in our tracking spreadsheet does not include all of our contingency funds (only the invested tiers, not the cash accounts).

So, there it is... doesn't feel much different than yesterday. I txt'd my loving wife with the news/realization... got a couple happy gifs in reply, but it's mostly just a shrug by both of us. No retirement party just yet. Not that it really matters, but this is our nest egg number, not net worth (we don't track net worth, don't really care about that).

:beer Cheers,
packet

[Edit] PS, 3 weeks later now... our nest egg number just grew a second comma. Looks pretty cool.
Last edited by packet on Sat Mar 16, 2019 7:34 am, edited 1 time in total.
First round’s on me.

Random Poster
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Re: Post your Financial Milestone Announcements Here

Post by Random Poster » Thu Feb 21, 2019 9:45 am

Taxable investment account hit $2,500,000 last night.

Started investing in a taxable account on November 1, 2007, with $40,000 that I had saved up and finally got up enough courage to put into the market.

Bought Vanguard's Balanced Index Fund and Vanguard's Total International Stock Index Fund with the money. A few months later, I posted a portfolio review and based on the advice of Taylor Larimore, retiredjg, and a few others, I got out of the Balanced Fund and made my overall investment portfolio more tax efficient. I'm sure that I've saved quite a bit of money thanks to them.

I feel like my wife and I have climbed a mountain and that we can finally feel somewhat secure.

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Thu Feb 21, 2019 9:48 am

packet wrote:
Thu Feb 21, 2019 9:31 am
Congratulations to all the previous milestone posters.

Finally, we get to post in here too!

We've been flirting with the 2 comma club for a while now, the recent dip not withstanding. This morning, for no particular reason, I realized that we were already there. The number I fixate on in our tracking spreadsheet does not include all of our contingency funds (only the invested tiers, not the cash accounts).

So, there it is... doesn't feel much different than yesterday. I txt'd my loving wife with the news/realization... got a couple happy gifs in reply, but it's mostly just a shrug by both of us. No retirement party just yet. Not that it really matters, but this is our nest egg number, not net worth (we don't track net worth, don't really care about that).

:beer Cheers,
packet
Congratulations.

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Thu Feb 21, 2019 9:48 am

Random Poster wrote:
Thu Feb 21, 2019 9:45 am
Taxable investment account hit $2,500,000 last night.

Started investing in a taxable account on November 1, 2007, with $40,000 that I had saved up and finally got up enough courage to put into the market.

Bought Vanguard's Balanced Index Fund and Vanguard's Total International Stock Index Fund with the money. A few months later, I posted a portfolio review and based on the advice of Taylor Larimore, retiredjg, and a few others, I got out of the Balanced Fund and made my overall investment portfolio more tax efficient. I'm sure that I've saved quite a bit of money thanks to them.

I feel like my wife and I have climbed a mountain and that we can finally feel somewhat secure.
Congratulations.

Investing.Newbie
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Re: Post your Financial Milestone Announcements Here

Post by Investing.Newbie » Thu Feb 21, 2019 12:01 pm

Random Poster wrote:
Thu Feb 21, 2019 9:45 am
Taxable investment account hit $2,500,000 last night.

Started investing in a taxable account on November 1, 2007, with $40,000 that I had saved up and finally got up enough courage to put into the market.

Bought Vanguard's Balanced Index Fund and Vanguard's Total International Stock Index Fund with the money. A few months later, I posted a portfolio review and based on the advice of Taylor Larimore, retiredjg, and a few others, I got out of the Balanced Fund and made my overall investment portfolio more tax efficient. I'm sure that I've saved quite a bit of money thanks to them.

I feel like my wife and I have climbed a mountain and that we can finally feel somewhat secure.
Congrats Random Poster :sharebeer That's awesome ! can you tell us what funds you have in your taxable account ? It would be of great value to us newbies .. Thanks !

Random Poster
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Re: Post your Financial Milestone Announcements Here

Post by Random Poster » Thu Feb 21, 2019 12:25 pm

Investing.Newbie wrote:
Thu Feb 21, 2019 12:01 pm
can you tell us what funds you have in your taxable account ? It would be of great value to us newbies .. Thanks !
Vanguard's Total Stock Market Index Fund, Total International Stock Index Fund, and Intermediate-Term Tax Exempt Fund.

For whatever it is worth, the IRAs only have Vanguard's Total Bond Market Index Fund in them. The 401k at Fidelity has Fidelity's bond index fund.

I admit that I am a fan of Taylor Larimore's 3-Fund portfolio and admonishment to keep things simple.

ze233
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Re: Post your Financial Milestone Announcements Here

Post by ze233 » Sat Feb 23, 2019 5:44 am

packet wrote:
Thu Feb 21, 2019 9:31 am
Congratulations to all the previous milestone posters.

Finally, we get to post in here too!

We've been flirting with the 2 comma club for a while now, the recent dip not withstanding. This morning, for no particular reason, I realized that we were already there. The number I fixate on in our tracking spreadsheet does not include all of our contingency funds (only the invested tiers, not the cash accounts).

So, there it is... doesn't feel much different than yesterday. I txt'd my loving wife with the news/realization... got a couple happy gifs in reply, but it's mostly just a shrug by both of us. No retirement party just yet. Not that it really matters, but this is our nest egg number, not net worth (we don't track net worth, don't really care about that).

:beer Cheers,
packet
Congratulations. :beer I got the same reaction from my wife. A good reminder that marrying the right person helps in achieving this milestone.

ze233
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Re: Post your Financial Milestone Announcements Here

Post by ze233 » Sat Feb 23, 2019 5:50 am

Random Poster wrote:
Thu Feb 21, 2019 9:45 am
Taxable investment account hit $2,500,000 last night.

Started investing in a taxable account on November 1, 2007, with $40,000 that I had saved up and finally got up enough courage to put into the market.

Bought Vanguard's Balanced Index Fund and Vanguard's Total International Stock Index Fund with the money. A few months later, I posted a portfolio review and based on the advice of Taylor Larimore, retiredjg, and a few others, I got out of the Balanced Fund and made my overall investment portfolio more tax efficient. I'm sure that I've saved quite a bit of money thanks to them.

I feel like my wife and I have climbed a mountain and that we can finally feel somewhat secure.
Congratulations.

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Re: U.S. stocks continue to soar!

Post by MotoTrojan » Mon Feb 25, 2019 11:17 am

[Posts moved into here, see below --admin LadyGeek]

Hit $100K today for the first time!

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Re: U.S. stocks continue to soar!

Post by willthrill81 » Mon Feb 25, 2019 11:44 am

MotoTrojan wrote:
Mon Feb 25, 2019 11:17 am
Hit $100K today for the first time!
That's a big milestone! Congrats. :sharebeer

Now add a zero to it. :wink:
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

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Re: U.S. stocks continue to soar!

Post by lostdog » Mon Feb 25, 2019 12:00 pm

MotoTrojan wrote:
Mon Feb 25, 2019 11:17 am
Hit $100K today for the first time!
Congratulations!!

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Re: U.S. stocks continue to soar!

Post by ruralavalon » Mon Feb 25, 2019 12:10 pm

MotoTrojan wrote:
Mon Feb 25, 2019 11:17 am
Hit $100K today for the first time!
Congratulations :) .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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Re: U.S. stocks continue to soar!

Post by MotoTrojan » Mon Feb 25, 2019 12:32 pm

willthrill81 wrote:
Mon Feb 25, 2019 11:44 am
MotoTrojan wrote:
Mon Feb 25, 2019 11:17 am
Hit $100K today for the first time!
That's a big milestone! Congrats. :sharebeer

Now add a zero to it. :wink:
2 more is more like it! Looking good to be a paper millionaire this year but with private company monopoly money.

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Re: U.S. stocks continue to soar!

Post by KSOC » Mon Feb 25, 2019 6:00 pm

MotoTrojan wrote:
Mon Feb 25, 2019 11:17 am
Hit $100K today for the first time!
Sweet!!
Too soon old, too late smart.

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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Mon Feb 25, 2019 7:19 pm

I merged MotoTrojan's posts into the on-going discussion, which is for members to announce their achievements.

Congrats! :beer
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Reached the third milestone of the 2 comma club

Post by miamivice » Mon Feb 25, 2019 11:15 pm

[Thread merged into here, see below. --admin LadyGeek]

Tonight, I was crunching the numbers and realized that we have finally reached the third milestone of the 2 comma club ($2 million net worth including home equity). We're 39 years old.

Looking back, we've come a long ways. First started keeping track shortly after getting married, about a year out of college. My spreadsheet shows that we had $57,000 to our name back then. This was 14 years ago. We've been on a steep and continual climb since then.

As a walk back through memory lane, most of our assets have come through heavy savings. Stock market appreciation has had a big impact to it as well. We also have had a couple of victories with housing appreciation, but nothing else.

Happy about the milestone, but hope that things continue to go well for us. On another thread, I noted my wife would like to upgrade her wedding band - I bought her a $245 ring from Costco for our marriage, since money was tighter then. She'd like a $800 or so ring as an upgrade and maybe that's not a bad idea.

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Re: Reached the third milestone of the 2 comma club

Post by Sandtrap » Mon Feb 25, 2019 11:23 pm

miamivice wrote:
Mon Feb 25, 2019 11:15 pm
Tonight, I was crunching the numbers and realized that we have finally reached the third milestone of the 2 comma club ($2 million net worth including home equity). We're 39 years old.

Looking back, we've come a long ways. First started keeping track shortly after getting married, about a year out of college. My spreadsheet shows that we had $57,000 to our name back then. This was 14 years ago. We've been on a steep and continual climb since then.

As a walk back through memory lane, most of our assets have come through heavy savings. Stock market appreciation has had a big impact to it as well. We also have had a couple of victories with housing appreciation, but nothing else.

Happy about the milestone, but hope that things continue to go well for us. On another thread, I noted my wife would like to upgrade her wedding band - I bought her a $245 ring from Costco for our marriage, since money was tighter then. She'd like a $800 or so ring as an upgrade and maybe that's not a bad idea.
:sharebeer
Congratulations!!

Next step. Do not include home equity.

ColoradoNewBiker
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Re: Reached the third milestone of the 2 comma club

Post by ColoradoNewBiker » Mon Feb 25, 2019 11:28 pm

Congratulations! Just curious, why is it "third" milestone? I thought it's the second in 2 comma's?

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Re: Reached the third milestone of the 2 comma club

Post by miamivice » Mon Feb 25, 2019 11:29 pm

ColoradoNewBiker wrote:
Mon Feb 25, 2019 11:28 pm
Congratulations! Just curious, why is it "third" milestone? I thought it's the second in 2 comma's?
First milestone is $1 million including home equity.
Second milestone is $1 million excluding home equity
Third milestone is $2 million including home equity
Fourth milestone is $2 million excluding home equity.

Some equate the fourth milestone with retirement / FIRE.

(I am sure there are other variations. This is the variation I am using for this thread. )

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Re: Post your Financial Milestone Announcements Here

Post by LadyGeek » Mon Feb 25, 2019 11:31 pm

I merged miamivice's thread into the "official" bragging rights thread. Brag away.

Congrats! :D
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

student
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Re: U.S. stocks continue to soar!

Post by student » Tue Feb 26, 2019 7:47 am

MotoTrojan wrote:
Mon Feb 25, 2019 11:17 am
[Posts moved into here, see below --admin LadyGeek]

Hit $100K today for the first time!
Congratulations.

student
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Re: Reached the third milestone of the 2 comma club

Post by student » Tue Feb 26, 2019 7:47 am

miamivice wrote:
Mon Feb 25, 2019 11:15 pm
[Thread merged into here, see below. --admin LadyGeek]

Tonight, I was crunching the numbers and realized that we have finally reached the third milestone of the 2 comma club ($2 million net worth including home equity). We're 39 years old.

Looking back, we've come a long ways. First started keeping track shortly after getting married, about a year out of college. My spreadsheet shows that we had $57,000 to our name back then. This was 14 years ago. We've been on a steep and continual climb since then.

As a walk back through memory lane, most of our assets have come through heavy savings. Stock market appreciation has had a big impact to it as well. We also have had a couple of victories with housing appreciation, but nothing else.

Happy about the milestone, but hope that things continue to go well for us. On another thread, I noted my wife would like to upgrade her wedding band - I bought her a $245 ring from Costco for our marriage, since money was tighter then. She'd like a $800 or so ring as an upgrade and maybe that's not a bad idea.
Congratulations.

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Re: Reached the third milestone of the 2 comma club

Post by ruralavalon » Tue Feb 26, 2019 10:05 am

miamivice wrote:
Mon Feb 25, 2019 11:29 pm
ColoradoNewBiker wrote:
Mon Feb 25, 2019 11:28 pm
Congratulations! Just curious, why is it "third" milestone? I thought it's the second in 2 comma's?
First milestone is $1 million including home equity.
Second milestone is $1 million excluding home equity
Third milestone is $2 million including home equity
Fourth milestone is $2 million excluding home equity.

Some equate the fourth milestone with retirement / FIRE.

(I am sure there are other variations. This is the variation I am using for this thread. )
Whatever the label, congratulations :D
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

ColoradoNewBiker
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Re: Reached the third milestone of the 2 comma club

Post by ColoradoNewBiker » Tue Feb 26, 2019 4:43 pm

miamivice wrote:
Mon Feb 25, 2019 11:29 pm
ColoradoNewBiker wrote:
Mon Feb 25, 2019 11:28 pm
Congratulations! Just curious, why is it "third" milestone? I thought it's the second in 2 comma's?
First milestone is $1 million including home equity.
Second milestone is $1 million excluding home equity
Third milestone is $2 million including home equity
Fourth milestone is $2 million excluding home equity.

Some equate the fourth milestone with retirement / FIRE.

(I am sure there are other variations. This is the variation I am using for this thread. )
Thanks for clarifying! Congrats again!

mtmingus
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Re: Reached the third milestone of the 2 comma club

Post by mtmingus » Tue Feb 26, 2019 4:49 pm

miamivice wrote:
Mon Feb 25, 2019 11:29 pm
ColoradoNewBiker wrote:
Mon Feb 25, 2019 11:28 pm
Congratulations! Just curious, why is it "third" milestone? I thought it's the second in 2 comma's?
First milestone is $1 million including home equity.
Second milestone is $1 million excluding home equity
Third milestone is $2 million including home equity
Fourth milestone is $2 million excluding home equity.

Some equate the fourth milestone with retirement / FIRE.

(I am sure there are other variations. This is the variation I am using for this thread. )
Congrats!
These are common milestones for a lot of salaried people here.

Broken Man 1999
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Re: Post your Financial Milestone Announcements Here

Post by Broken Man 1999 » Tue Feb 26, 2019 5:19 pm

I really like the posts from those who are hitting major goals. It reinforces what most all of us believe.

However, don't ever forget what the market gives, the market can, and probably will, take some back.

I have been Flagship three times, I hope I will stay this time!

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven than I shall not go. " -Mark Twain

LiterallyIronic
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Re: Post your Financial Milestone Announcements Here

Post by LiterallyIronic » Fri Mar 01, 2019 7:33 pm

Finally got to having 1x income saved for retirement (again)! I actually hit 1x income on August 1st when I had $65k saved vs $63.5k income. But then the market later dropped at about the same time that I got a significant raise, so I fell back under 1x. But as of March 1, I've got $76k saved vs $75k income.

Also, I finally have a net worth that is higher than the number of miles on my car - $197k vs 190k miles. My wife's car, with 202,000 miles, is still winning, but not for long!

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Re: Post your Financial Milestone Announcements Here

Post by Time2Quit » Fri Mar 01, 2019 8:13 pm

It is great to see a lot of millineals taking saving seriously. Congrats to all! :sharebeer
"It is not the man who has too little, but the man who craves more, that is poor." --Seneca

JimmyD
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Re: Post your Financial Milestone Announcements Here

Post by JimmyD » Sat Mar 02, 2019 6:49 am

We officially hit $1MM in assets this morning.

Definitely not getting carried away with the celebrations though. We still have a gargantuan student loan on the books for another four years. When that balance reads “$0.00”, that’s when I’ll dance a jig.

McDougal
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Re: Post your Financial Milestone Announcements Here

Post by McDougal » Sat Mar 02, 2019 7:14 am

Broken Man 1999 wrote:
Tue Feb 26, 2019 5:19 pm
I really like the posts from those who are hitting major goals. It reinforces what most all of us believe.

However, don't ever forget what the market gives, the market can, and probably will, take some back.

I have been Flagship three times, I hope I will stay this time!

Broken Man 1999
Very sage advice Broken Man 1999, thanks for the reminder. I have added, lost and added a comma also.

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Sat Mar 02, 2019 7:27 am

LiterallyIronic wrote:
Fri Mar 01, 2019 7:33 pm
Finally got to having 1x income saved for retirement (again)! I actually hit 1x income on August 1st when I had $65k saved vs $63.5k income. But then the market later dropped at about the same time that I got a significant raise, so I fell back under 1x. But as of March 1, I've got $76k saved vs $75k income.

Also, I finally have a net worth that is higher than the number of miles on my car - $197k vs 190k miles. My wife's car, with 202,000 miles, is still winning, but not for long!
Congratulations on the pay raise and the savings.

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Sat Mar 02, 2019 7:28 am

JimmyD wrote:
Sat Mar 02, 2019 6:49 am
We officially hit $1MM in assets this morning.

Definitely not getting carried away with the celebrations though. We still have a gargantuan student loan on the books for another four years. When that balance reads “$0.00”, that’s when I’ll dance a jig.
Congratulations.

majiaknight
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Re: Post your Financial Milestone Announcements Here

Post by majiaknight » Sat Mar 02, 2019 3:32 pm

ze233 wrote:
Sat Feb 16, 2019 11:55 pm
My wife and I just hit 2 commas for our combined investments + cash assets as of close of business yesterday. We had hit 2 commas in networth a couple of years ago, but that included our home equity.

However the 2 commas in just investments and cash has been a goal of mine to reach before turning 40 since I graduated college and started working.
I'm happy to say we reached it a few months before I turn 36.

I can't tell anyone else except my wife, but I'm glad to be able to share it with the Boglehead community.
Thanks for everyone for all the excellent advice and inspiration and motivation to stay the course and make this goal a reality. :beer

Now I suppose I need to figure out the next age goal, and target number.
Big congrats!
As of today our family just achieved the same financial milestone by the age of 37. Early this year we also paid back borrowed ~$92K from parents for the house downpayment in 2014.
Projected time to reach the 3rd milestone by the end of 2020. Cheers! :beer
  • (04/12/2017) 1st milestone - $1 million counting home equity.
    (03/02/2019) 2nd milestone - $1 million in investable assets, ignoring home equity.
    3rd milestone - $2 million if I start counting home equity again!
    4th milestone - $2 million in investable assets, ignoring home equity
    Ultimate milestone - $5 million overall assets (FIRE)!!

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7th_Diagram
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Re: Post your Financial Milestone Announcements Here

Post by 7th_Diagram » Sat Mar 02, 2019 4:36 pm

I've reached $50K in retirement savings earlier in Feb. I started saving 2 years and 2 months ago thanks to Bogleheads..

DW and I have a passive online business that is 2 years old. It turned $20k in profit for 2018. Our first year we broke even.

We are not ruled by greed and are loving our small wins.
"You have to understand, most people are not ready to be unplugged,and many of them are so injured, so hopelessly dependent upon the system, that they will fight to protect it." | ~Morpheus

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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Sun Mar 03, 2019 1:20 pm

7th_Diagram wrote:
Sat Mar 02, 2019 4:36 pm
I've reached $50K in retirement savings earlier in Feb. I started saving 2 years and 2 months ago thanks to Bogleheads..

DW and I have a passive online business that is 2 years old. It turned $20k in profit for 2018. Our first year we broke even.

We are not ruled by greed and are loving our small wins.
Congratulations on $50k in retirement investments :) , and on turning a profit in your business :) .

Small wins come before big wins.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

jwhitaker
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Re: Post your Financial Milestone Announcements Here

Post by jwhitaker » Sun Mar 10, 2019 10:01 am

I posted on the "why I left wealthfront" thread about how I just rolled over my taxable account with wealthfront to vanguard. although it is very annoying because of the complicated holdings and vanguards website, it did cause us to have over $500k invested with vanguard for the first time. that's across roth IRAs for me and my wife, my wifes solo 401k, our prior taxable account and this new brokerage account.

I'm also liquidating my lendingclub account by selling my notes on folio. it's small but annoying to have to check and worry about the taxes. so once that's done i will be fully divested from "fintech", thanks for nothing silicon valley. i also took some small amounts of cash in settlement accounts and got it invested. my goal for the end of the year is to have greatly simplified my holdings for tracking my net worth and also my overall asset allocation. i would love to do 3 fund but i use target date funds for some things, and then i have significant capital gains on some of the funds wealthfront put me in so i have to leave those alone. but it will be much simpler.

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Sun Mar 10, 2019 10:08 am

jwhitaker wrote:
Sun Mar 10, 2019 10:01 am
I posted on the "why I left wealthfront" thread about how I just rolled over my taxable account with wealthfront to vanguard. although it is very annoying because of the complicated holdings and vanguards website, it did cause us to have over $500k invested with vanguard for the first time. that's across roth IRAs for me and my wife, my wifes solo 401k, our prior taxable account and this new brokerage account.

I'm also liquidating my lendingclub account by selling my notes on folio. it's small but annoying to have to check and worry about the taxes. so once that's done i will be fully divested from "fintech", thanks for nothing silicon valley. i also took some small amounts of cash in settlement accounts and got it invested. my goal for the end of the year is to have greatly simplified my holdings for tracking my net worth and also my overall asset allocation. i would love to do 3 fund but i use target date funds for some things, and then i have significant capital gains on some of the funds wealthfront put me in so i have to leave those alone. but it will be much simpler.
Congratulations on consolidating and simplifying your investments.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

giesen5
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Re: Post your Financial Milestone Announcements Here

Post by giesen5 » Mon Mar 11, 2019 11:12 pm

Just made it to the two comma club! Became aware of Bogleheads a bit over three years ago, posted my financial situation and was graciously guided towards a sustainable and productive investment path by retiredjg - thank you! Can't tell you how appreciative I am of all of you who have taken the time to mentor me and others who visit this site.

student
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Re: Post your Financial Milestone Announcements Here

Post by student » Tue Mar 12, 2019 7:11 am

giesen5 wrote:
Mon Mar 11, 2019 11:12 pm
Just made it to the two comma club! Became aware of Bogleheads a bit over three years ago, posted my financial situation and was graciously guided towards a sustainable and productive investment path by retiredjg - thank you! Can't tell you how appreciative I am of all of you who have taken the time to mentor me and others who visit this site.
Congratulations.

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Tue Mar 12, 2019 8:21 am

giesen5 wrote:
Mon Mar 11, 2019 11:12 pm
Just made it to the two comma club! Became aware of Bogleheads a bit over three years ago, posted my financial situation and was graciously guided towards a sustainable and productive investment path by retiredjg - thank you! Can't tell you how appreciative I am of all of you who have taken the time to mentor me and others who visit this site.
Congratulations on joining the 2 comma club :D .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

Grt2bOutdoors
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Re: Post your Financial Milestone Announcements Here

Post by Grt2bOutdoors » Tue Mar 12, 2019 8:27 am

giesen5 wrote:
Mon Mar 11, 2019 11:12 pm
Just made it to the two comma club! Became aware of Bogleheads a bit over three years ago, posted my financial situation and was graciously guided towards a sustainable and productive investment path by retiredjg - thank you! Can't tell you how appreciative I am of all of you who have taken the time to mentor me and others who visit this site.


Congratulations! :sharebeer
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travellight
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Re: Post your Financial Milestone Announcements Here

Post by travellight » Thu Mar 14, 2019 6:23 pm

If I add my net present value of pension, I realized this week that my net worth would double. The pension is the same as my entire net worth ( it’s actually a bit higher).

cdc
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Re: Post your Financial Milestone Announcements Here

Post by cdc » Thu Mar 14, 2019 7:56 pm

travellight wrote:
Thu Mar 14, 2019 6:23 pm
If I add my net present value of pension, I realized this week that my net worth would double. The pension is the same as my entire net worth ( it’s actually a bit higher).
How did you do this calculation? I was thinking PV of payment stream using, say, a 4% discount rate and assuming mortality of 90.

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ruralavalon
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Re: Post your Financial Milestone Announcements Here

Post by ruralavalon » Fri Mar 15, 2019 7:34 am

cdc wrote:
Thu Mar 14, 2019 7:56 pm
travellight wrote:
Thu Mar 14, 2019 6:23 pm
If I add my net present value of pension, I realized this week that my net worth would double. The pension is the same as my entire net worth ( it’s actually a bit higher).
How did you do this calculation? I was thinking PV of payment stream using, say, a 4% discount rate and assuming mortality of 90.
For the value of a pension (if near retirement), how about simply using today's purchase price of a Single Premium Immediate Annuity (SPIA) that would give the same income stream?

Or if not near retirement, use today's purchase price for a fixed deferred annuity which would give the same income stream.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

travellight
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Re: Post your Financial Milestone Announcements Here

Post by travellight » Fri Mar 15, 2019 10:02 am

ruralavalon wrote:
Fri Mar 15, 2019 7:34 am
cdc wrote:
Thu Mar 14, 2019 7:56 pm
travellight wrote:
Thu Mar 14, 2019 6:23 pm
If I add my net present value of pension, I realized this week that my net worth would double. The pension is the same as my entire net worth ( it’s actually a bit higher).
How did you do this calculation? I was thinking PV of payment stream using, say, a 4% discount rate and assuming mortality of 90.
For the value of a pension (if near retirement), how about simply using today's purchase price of a Single Premium Immediate Annuity (SPIA) that would give the same income stream?

Or if not near retirement, use today's purchase price for a fixed deferred annuity which would give the same income stream.
I did it both ways.... tried npv of pension calculators and tried annuities and the numbers were very close. I presumed 3% for the rate in calculators that required it and life span to about age 87.

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