what is your definition of something? Getting 3-5% to wait seems cool but curious when you’ll pull the trigger and dump in? I’m like 10% cash due to some ESPP/RSU’s cashing in.
Any structural engineers? We're looking for one or two, so far all the responses we're getting is from kids right out of school
Have it sitting in Robinhood getting 4.15% and they had a deposit bonus of $1k for depositing $50k. Mostly waiting on Real Estate. We sold our home a few months back and obviously we’d like to purchase something again, but we don’t want to settle like we have in years past. Good location, schools, decently walkable, etc aka…. Fucking expensive. Rental property could be exciting. We’re renting right now - so curious to see what the renewal brings.
I'm in Medical Device Engineering, so my network isn't really in your space. I'm seeing HR, R&D, Quality, Regulatory, Marketing, and Sales all being impacted. We've been in such a candidate-driven market over the last two years that this isn't overly shocking that it is happening, but the volume is catching my attention.
The labour market is “stubborn” because the US blocked immigration for 2+ years. The hourly wage market is still in recovery mode. Powell has a duty to act but has missed a lot of the offer trends associated with COVID.
It definitely is. This is cash from our house sale a few months ago. I don’t know what I want to do with it yet so it sits in cash earning something. Anything tax advantaged is maxed.
Not as young as we used to be. I have a goal of being able to retire within 15 years now. With average returns it could be before then.
15-20 here. Want to be able to enjoy retirement before my body goes to hell and I can’t enjoy the money I’ve saved.
How do y'all who have early retirement as an option weigh things like better life now vs saving more for earlier retirement? Do you have a system or anything? we got a large pay increase this past year and are now comfortable to do things like max 401K, HSA and add to other accounts, buy rental property, etc, and comfortably retire at 55 or so, but also have options for things that make life more fun right now and ultimately retire comfortably at 65. Lately I've been having trouble figuring which one we want more
I don’t really have a system or anything there are just very few things I care to spend money on anymore. I’m still driving the car I had in college because I wfh and literally could not care less about which metal box I drive to the grocery store. The only thing we really spend money on is trips because Mrs. TD has a traveling bug. I’d probably be retiring even earlier if it weren’t for that. I guess that falls into the “spend money on experiences, not things” system.
I like it. If I won the lottery tomorrow I'm sure I'd quit eventually, but I'm not actively counting the days until retirement or anything along those lines.
I also feel some desire to leave my kids something as well. I could retire early but probably won’t bc I feel some obligation to do this for my kids (I personally will benefit from this with my parents). It’s always a balancing act about how much I feel like I should target for them but also make sure I enjoy my own life.
My kids are what is making it a tougher choice for me as well, but for a different reason. They're 5 and 2 now so I know these next 10-12 years are THE years for those childhood memories. So I'm weighing do I do more big trips now, maybe get a boat so I can teach them skiing and wakeboarding like I did as a kid, small beach condo for family trips, etc. Or like you said, do I focus more on our future and their future? We are fortunate enough that we can probably do a bit of both, just can't go all in on both
I max everything tax advantaged, put a bit in my brokerage every month, have some in a cash money market and throw a little in each 529 every month. I paid off all my debt because fuck that and I won’t be upgrading vehicles any time soon. I keep the rest to do cool shit. I’m naturally v frugal but when we can do things the kids will remember I go for that all the time. We’re at Disney this week because of cheap flights and a great Airbnb deal and we’re going to Mexico in June for mental health reasons. I use most of my 4 weeks of vacation time every year. Basically I’m also on the TDintheCorner method
My wife and I really want to pseudo retire (ages 56, 53). I would retire full-time, and swing trade for expense money - I enjoy that. Wife would actually keep working, but 3-4 days a week with more time off than the company offers paid. Her work would afford us health care benefits. It's hard to pull the pin though, 10 more years of work would earn us a couple million dollars, albeit pre-tax and with much higher expenses (live in a costly market, vehicle usage cost, etc.). I also have a pension benchmark at 62. I really underestimated how much making this choice sucks. I can afford it, but it feels selfish.
Bit of both, imo. That's what I'm trying to do at least. Keep building savings. Keep building memories and exposing the kids to new stuff, new places. We're not taking 2 week ski trips and international trips every year but we're doing fun stuff as much as I can afford while not jeopardizing long-term savings.
Max everything with a decent cash cushion then fuckin yolo with what’s left imo. Can’t get your or your kids’ best years back. Also if you can find a way to yolo cheaply you can do it more often and feel less bad about the expense.
Any of you have a nice spreadsheet to review overall long-term/retirement portfolio holdings you want to share a sample layout? Like overall listing of funds and % of total kind of thing. Like ok you may have a certain % of holdings in a certain account (IRA), but how does it look when you compare IRA/401k/brokerage all together?
Totally this. Sure, once they settle down and have kids you may get to do some vacations/time with them. But that's generally in their early 30s. Once they leave the nest they will be partying and finding their own place, not going on trips with you. Spend on experiences in their high school years, find a way to keep working/earning income in their 20s and then retire and enjoy experiences with your spouse and then grandkids.
Reason I ask is - 1) Let's say you have a 70/20/10/% plan in your IRA across 3 funds. Eventually that slides a bit to 75/15/10. Do you even care about rebalancing? Or could an overall portfolio view show that your overall portfolio across IRA and 401k and whatever else still cool and who cares about rebalancing the one specific IRA account? 2) someone recently said "I'm 60% cash" ok how do you know that? you're paying an advisor to tell you that? or you actually have an app/sheet that shows you have 60k cash, 20k 401k, 10k IRA, 5k bonds, 5k nft/crypto/beanie babies?
If you aren’t planning on spending that $ within 5-7 years you’ll most likely be better off putting it into an s&p 500 index fund versus a high yield saving account Jerome keeps trying to kill the market and it’s not really working. Peoples tolerance for $8 eggs is high and eventually he will have to stop
Here's part of my file that I've cut down you can use. It may not be exactly what you need but it's a start. Just fill in the funds and the value and it should update across it. The left column was for my 401k. The middle included the other investments and determining the mix of pretax, Roth, etch in the 401k and across the other investments. And the right column shows the breakdown across all of them.
Like others have said, anything outside of a ~5ish year time horizon you probably just want to throw into the market. I'm in a similar boat where I have some cash sidelined for an eventual down payment in the next 2-5 years. Have started considering just throwing a sizable chunk of it into 4 week T-bills. I think Fidelity lets you auto-roll too, so it's pretty hands-off.
https://www.physicianonfire.com/three-fund-portfolio-numerous-accounts/ Near the bottom there is a place to put your email and he will send you the spreadsheet for free. I've been using it for years to balance my portfolio and it's super helpful.
Do you buy the T Bills through TreasuryDirect, or through Fidelity? Wanting to get some but Treasury Direct is a damn hassle to update my ACH info so wouldn’t mind doing it via TDA if I could.
On a call with Metro Atlanta economist this AM, said he wouldn't be surprised to see jobs report around or even under 100k job growth which would be the lowest in awhile. One of the biggest reasons being the over-seasonal adjustment for January. He's usually sunny so was a bit jarring to hear that. One data point in an ocean of them, but TIFWIW
Fidelity is my plan, especially with the auto roll feature. I've heard its a bit cumbersome to go through TreasuryDirect and especially so when needing to withdraw
Yeah when I set it all up I had to get forms notarized and a “medallion stamp” two different times. Then I believe have to do the same process to update any banking info.
Yeah, it was a pretty tedious process for me as well when I had to go through them to purchase I-bonds
Definitely under 5 years. Maybe even 2. I do work in tech/software so the layoff fears are there. But, I was just handed more projects for the next year - so that’s a good sign.
For Vanguard mutual funds, is there any reason not to use them in a taxable account? Normally ETF's are more tax advantaged and better for taxable account, but everything I'm reading is saying Vanguard funds are just as tax advantaged as their ETF's. For example, investing in VFIAX vs. VOO https://www.bloomberg.com/graphics/2019-vanguard-mutual-fund-tax-dodge/?leadSource=uverify wall Would be easier to set up on autoinvest for my fiance who doesn't want to login to her accounts every week to smash the buy button
Also - I'm late to the party on SCHD, what an ETF! Slight outperformance of S&P over 5 years plus another 3+% dividend yield, going to rebalance over there shortly
We laid off a handful of folks and they all landed at our biggest competitor within two weeks. It’s never been easier to find a job, and with remote work you can do a lot of them from anywhere. I wonder if this is keeping the employment rate lower. If I loved my job I wouldn’t be thinking about early retirement, but I’m pretty miserable so just about all my discretionary income goes towards my investments. If you enjoy your career and invest even like 10% of disposable income while having fun with the rest you’ll easily retire early(ish) and quite well.
It’s diverse but not defensive. That’s likely where folks get it twisted. The gates for inclusion are also pretty strong compared to other dividend heavy ETF’s.
Quite the tell when he said yesterday that raising rates was "the only tool available" to combat inflation. Apparently they let just anyone chair the Fed these days.