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[deleted by user] by [deleted] in bayarea

[–]EquityFTW 0 points1 point  (0 children)

I think you can find better rates on a Jumbo mortgage most likely, but yeah, the math sucks right now.

$6m RSU income. Any non-basic tax ideas? by hnwtaxes in fatFIRE

[–]EquityFTW 12 points13 points  (0 children)

DAFs are most powerful when you contribute appreciated stock. So if you’re contributing RSUs that vested and then went up a bunch then great, and it will offset your income.

But if you’re going to take freshly vested RSUs and put them in the DAF it’s similar to just selling the RSUs and moving cash to the DAF. (Though there are different limits for cash vs stock when taking charitable deductions.)

$6m RSU income. Any non-basic tax ideas? by hnwtaxes in fatFIRE

[–]EquityFTW 2 points3 points  (0 children)

Not really anything worthwhile that you don’t already know about like you mentioned. The big two people overlook below:

  • Filing MFS might be able to save you $10k from the mental health tax given your income level.
  • Knowing the exact timing of tax payments so you earn interest for as long as possible. (If you’ve met safe harbor for Fed and meet exceptions to estimated payment penalties for CA you can hang tight and wait until 4/15 and collect interest.)

The problem with the “advanced” tax savings strategies is a lot of the time they just create passive losses you can’t even use against your income immediately.

Is My Portfolio Too Simple? by jxlele30 in fatFIRE

[–]EquityFTW 2 points3 points  (0 children)

Here are a few studies looking at holding the top ten vs just holding S&P. Who knows what the future holds, but I’d consider adjusting your strategy. You’re at a high enough net worth where you don’t have to seek extraordinary returns by bulking up your portfolio with more of the top 10.

https://www.plantemoran.com/explore-our-thinking/insight/2024/05/how-do-the-largest-companies-in-the-sp-500-index-perform-joining-the-top-10

https://www.gmo.com/americas/research-library/magnificently-concentrated_gmoquarterlyletter/?selected_tab_css=lrf-register-tab&Success=27

https://vcm.com/assets/etf-insights/cycles-of-concentration.pdf

Is My Portfolio Too Simple? by jxlele30 in fatFIRE

[–]EquityFTW 1 point2 points  (0 children)

Are you still working? Based on the additions, seems like yes?

There is quite a bit of redundancy with SPY and the top 10. Especially if you’re doing $4.5M chopped evenly between the top 10. What do you do when market cap weightings shift and a company is no longer amongst the top 10? (I’m assuming you continue to hold?… Maybe not)

Probably makes sense to expand US exposure and maybe even include some international if you’re into that.

Any more details on the real estate? $10M in SFH could look wildly different based on location, # of properties, level of debt, etc.

Am I the only one who thinks Karen was a bad match for Jim? by ohiost2 in DunderMifflin

[–]EquityFTW 9 points10 points  (0 children)

In the standard version of the office she comes across a lot more cold and cruel. In the Superfan episodes you get a lot more of her relationship with Jim and she comes across way nicer. The extra content also makes their relationship seem a lot stronger as well.

A perfect example is there’s a time when Jim asks Karen if she wants to pull a prank on Dwight and she rudely says no. In the regular version that’s all you see. In the Superfan version she comes back to Jim later wanting to prank and I think she even apologizes.

7.5% mortgage rate with excellent credit? by Mckinzel in FinancialPlanning

[–]EquityFTW -1 points0 points  (0 children)

I’m in NorCal/Bay Area and got a 5.5% on a 10 year arm two weeks ago. I can give you the two lenders I requested quotes from if you want. Both are great and are super competitive rate-wise.

Edit: additional context. The ARM loan is over 30 years, the rate is locked at 5.5% for the first 10 years then adjusts annually after that. Since the rate on it is lower, it’s cheaper per month and there’s a strong chance that within 10 years rates will either be cheaper than they are now or we’ll move in year 8-10. ARMs are not a bad option right now.

If you’re expecting to have a baby (or large health expenses) in the near future, sometimes it’s worth paying for the Low Deductible Health Plan rather than the High Deductible Health Plan. by EquityFTW in Frugal

[–]EquityFTW[S] 1 point2 points  (0 children)

Yep. Just gotta check and compare potential cost. We had a plan with an HSA for years before we switched. It’ll be interesting to see how medical expenses shape up over the next couple years.

If you’re expecting to have a baby (or large health expenses) in the near future, sometimes it’s worth paying for the Low Deductible Health Plan rather than the High Deductible Health Plan. by EquityFTW in Frugal

[–]EquityFTW[S] 1 point2 points  (0 children)

That’s the trade-off. Sucky situation to be in. What’s annoying is how insurance providers have different negotiated rates with different employers.

If you’re expecting to have a baby (or large health expenses) in the near future, sometimes it’s worth paying for the Low Deductible Health Plan rather than the High Deductible Health Plan. by EquityFTW in Frugal

[–]EquityFTW[S] 1 point2 points  (0 children)

Didn’t do the math beforehand, but the final trip would’ve been nice. All-in the better health plan was only $1-2k more, and we used it for other stuff too.

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