User Profile

[Jluke]

You will complete form 8949 and schedule D to account for the sale of the stocks.

so it’s the proceeds minus the basis that counts...

[Jluke]

I think it is rule 72t. Equally substantial withdrawals or something.

for the 401k if you can move down a tax bracket with more contributions...

[Jluke]

Yeah. That’s why some people still insist on an asset allocation of 30-40% stocks in retirement....

[Jluke]

After taxes and maxing 401k (19.5) and paying for medical I see about 60% of my gross as take home pay.

I was thinking more of a single...

[Jluke]

This thread is motivating me to move another 10k to my college fund for the two kids. Taxable account. Not 529

i still want to know more...

[Jluke]

I started the year off contributing just 6% to the 401k. I think I have 2 more paychecks until I go back to 20% contributions.

tempted to...

[Jluke]

What’s the balance, term and rate on the car loan?

are you maxing retirement contributions?

[Jluke]

The lifestrategy fund that DS recommended would be a good choice for you. It is super conservative.

You don’t need an advisor as they...

[Jluke]

Aren’t sheds selling for 130k in California?

that’s a win.

And I would agree on the keg things too.

...

[Jluke]

agree. I think it is much easier to pull off that savings rate if you can contribute to a pre tax retirement account.

however if someone...

[Jluke]

Did you intentionally say gross income?

I know we get that question a lot when someone says save 15% or your income... and they ask if that...

[Jluke]

I track credit card spending in excel but I don’t really stick to a budget.

I am more focused on tracking how much I save in excel....

[Jluke]

So you can buy high?

i would stick with your original plan. Maybe use new money to invest more....

[Jluke]

I think having the money in the market working for you outweighs the interest you would save by paying off the mortgage.

And will you really...

[Jluke]

Math minor in college so calc II and III, linear algebra and differential equations, a math modeling course.

chem major/pre-med with physics...

[Jluke]

Was your original offer they turned down more or less than 190k?

did you factor in transaction costs for buying and eventually selling?...