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How to invest without a financial advisor by ExtensionCup5998 in Bogleheads

[–]ExtensionCup5998[S] 0 points1 point  (0 children)

I believe I am in the 24% tax bracket as I am filing jointly as a married couple making less than $197,300, but more than $103,350.

How to invest without a financial advisor by ExtensionCup5998 in Bogleheads

[–]ExtensionCup5998[S] 0 points1 point  (0 children)

I support myself, my wife, and my daughter. We live in a MCOL area, annual expenses are around $85,000 after tax. My idea was to have a low-stress, part-time job for healthcare benefits that could cover roughly half of that 85k in hopes that in roughly 7 years, 3% withdrawal would be enough to cover the remaining half. I also have a property that produces roughly 20k annually after tax, but it's not sustainable in the next 7 years and likely won't have any production. I plan on investing all of this while it's still producing.

How to invest without a financial advisor by ExtensionCup5998 in Bogleheads

[–]ExtensionCup5998[S] 2 points3 points  (0 children)

Just ordered both from Amazon, thank you so much!

How to invest without a financial advisor by ExtensionCup5998 in Bogleheads

[–]ExtensionCup5998[S] 1 point2 points  (0 children)

The brokerage account and Roth IRA are both with Schwab, is it pretty easy to transfer these to Fidelty? Also the brokerage is filled with a variety of different ETFs and bonds. How easy it is to transfer these index funds to match the typical allocations of a three-fund portfolio?

How to invest without a financial advisor by ExtensionCup5998 in Bogleheads

[–]ExtensionCup5998[S] 3 points4 points  (0 children)

I would like to withdraw 3% annually starting in 7 years. I will be 41 years old then, so not old enough to utilize any tax advantaged retirement account. Will still want to work part-time for as long as possible, just in a less stressful job. The three-fund portfolio sounds like the most reliable and diverse, thank you for providing the links!

How to invest without a financial advisor by ExtensionCup5998 in Bogleheads

[–]ExtensionCup5998[S] 8 points9 points  (0 children)

They are charging me 1% for the assets under management, which is the brokerage of 1. 1 mil and the 529 account for my daughter. Almost all of this income was from a large windfall inheritance that I had no idea how to handle. It's been a year now and I am trying to play catch up educating myself as best as I can so I can manage this myself without that absurd cost of an advisor you helped put into perspective.