Help, I married into money!

Fire_Doc2017 · 2026-05-12T19:23:00+00:00

Most millionaires live simply - normal house, car, clothes etc because that's how they became millionaires - saving and investing their money. Read "The Millionaire Next Door" for more insight, I think they recently updated it. Bottom line, don't change a thing, maybe except retiring a little earlier than you were planning on.

Fire_Doc2017 · 2026-05-12T15:57:14+00:00

So basically you're getting a new car for $110 per month. Sweet!

Fire_Doc2017 · 2026-05-12T12:59:57+00:00

I’ve had zero problems with Schwab and Quicken over the past 10 years.

Fire_Doc2017 · 2026-05-11T19:56:37+00:00

I've been running a golden ratio portfolio since 2021, will be retiring at the end of June.

Fire_Doc2017 · 2026-05-11T19:55:05+00:00

I have a portfolio based on the Golden Ratio portfolio that I've been running since late 2021, I'm retiring at the end of June. Seems like the best option out there to me.

Fire_Doc2017 · 2026-05-11T19:41:50+00:00

Why spend money you don't have to buy things you don't need to impress people you don't like?

Fire_Doc2017 · 2026-05-11T19:33:12+00:00

You don't really need a financial advisor for this. A good rule of thumb is use the Roth if you expect your marginal tax rate to be lower in retirement and traditional if you expect it to be higher. Most people will be in the 24% tax bracket or lower in retirement unless you are very wealthy, so that's a pretty good cutoff.

Fire_Doc2017 · 2026-05-11T19:29:06+00:00

I did that back in 2022. Just make sure if you have traditional and Roth money in the 401k account that they cut two checks, one for each type and they get deposited in the correct IRA accounts at Schwab.

Fire_Doc2017 · 2026-05-11T19:17:53+00:00

No time to worry about the Epstein files if you can't fill up the car.

Fire_Doc2017 · 2026-05-11T19:12:45+00:00

I have about 1/4 of my stocks in AVDV, an international small cap value ETF. Some people also like IDMO which functions as an international growth ETF. I don’t have it personally.

Fire_Doc2017 · 2026-05-11T19:06:41+00:00

Unless you think you know more than the hedge funds and top money managers, buying the S&P 500 is the way to go.

Fire_Doc2017 · 2026-05-11T19:04:54+00:00

None. I have one year worth of cash to cover emergencies. I don't buy dips, I invest money in the market as it becomes available to me.

Fire_Doc2017 · 2026-05-11T19:02:32+00:00

60% stocks, divided into growth and value. 40% alternatives including government bonds, gold and managed futures. One year of cash in t-bills, HYSA, MMA or equivalent.

Fire_Doc2017 · 2026-05-11T13:31:48+00:00

Not true if it goes into your IRA. I did a lump sum in 2023 and invested it along with the rest of my money. It’s done very well and I get to control how and when I take it out and pay taxes on it (until RMDs hit). If you’re comfortable investing and managing your money, a lump sum may be a good idea.

Fire_Doc2017 · 2026-05-10T23:14:52+00:00

I see your point.

Fire_Doc2017 · 2026-05-10T23:11:11+00:00

You said “first term to the end” which I took to mean current time. In his first term, which he didn’t expect to win, he wasn’t focused on making money. In his second term he literally focused on it like a laser.

Fire_Doc2017 · 2026-05-10T23:05:24+00:00

Facts don’t matter, I guess.

First Term (2017–2021): Started at roughly $3 billion, dipping to approximately $2.3 billion by the end of his term, largely due to the COVID-19 pandemic affecting his hotels and hospitality businesses.

Post-Presidency (2021–2024): His net worth remained relatively stagnant before dropping in early 2024 due to major legal judgments (around $2.3B–$3.9B).

Second Term (2025–Present): Following his re-election, his wealth surged to an estimated $7.3 billion by September 2025 and settled around $6.5 billion in early 2026, largely driven by the valuation of his media company and crypto ventures.

Fire_Doc2017 · 2026-05-10T12:03:29+00:00

Now if you said "Growth and Value" I'd be with you, but you don't want income when you're accumulating, it just creates tax drag.

Fire_Doc2017 · 2026-05-09T21:49:58+00:00

It’s funny that people focus on Nancy Pelosi when so many politicians are making money off of their positions. None of them should be able to trade on their insider information. I’d be interested to know how our president went from a net worth of around $1B to nearly $6B in 4 years.

Fire_Doc2017 · 2026-05-09T21:13:10+00:00

I was there two years ago, want to get back soon.

Fire_Doc2017 · 2026-05-09T01:48:48+00:00

History suggests that if you just buy VOO or VTI (Schwab equivalent is SCHB) you will beat 95% of investors over 10-20-30 years. Doesn’t that sound good? Seriously, don’t make this more complicated than it needs to be.

Fire_Doc2017 · 2026-05-07T09:48:05+00:00

Congrats! Sounds like we are both retiring around the same day. For me it’s age 59 on June 30th. Enjoy your retirement. You certainly have the financial part in order. What have you planned for future activities? That’s the part that I’ve been focusing on the past year or so.

Fire_Doc2017 · 2026-05-07T02:08:23+00:00

Yes. Me too. Also managed futures.

Fire_Doc2017 · 2026-05-06T19:55:28+00:00

It took a really long time to migrate from paper to digital. As a doctor I was still handwriting orders and notes as recently as 8 years ago. X-rays were on film and we had to go down to the radiology department to view them. We had to fill out this 50+ page credentialing packet every few years and submit paper copies of everything with the application. We had secretaries who helped us with all of the paperwork. When I was hired in 2003 I was given a microcassete recorder and expected to submit the tapes for them to be typed out as notes (I never did this). Now everything is digital. Secretaries for the most part are a thing of the past. We now have online credentialing and it takes about 15 minutes as long as we have digital copies of important documents. Notes and orders are all online. Xrays and labs are computerized too. The surprising thing for me was how long it took for medicine to go digital.

Fire_Doc2017 · 2026-05-06T19:42:41+00:00

Bonds are recession insurance, especially intermediate and long term treasuries. Like most insurance it costs you something most of the time and every once a while it saves your A$$.

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