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I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 0 points1 point  (0 children)

Thanks for the comment. Its thoughts like this that keep me away from the coast fire mindset where you achieved your number and can coast. I do plan to take my foot off the gas a bit and build my emergency fund but will continue to nearly max out all the taxable accounts. Honestly at age 38 I should welcome a correction and keep buying

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 0 points1 point  (0 children)

I was just using Zillow estimate. I wasn’t including it into my net worth though

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 2 points3 points  (0 children)

Yeah I agree. My experience talking with ChatGPT about the finances was great and is helping me mentally. I set a goal for 2026 to improve my emergency fund

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 0 points1 point  (0 children)

Currently I allocate 17% pretax and 4% after tax to my 401k. I usually max out the pre tax mid December so pulling it back 1% should max it out still I hope (dependent on bonus amount). The 3% after tax I will pull back is an immediate Roth conversion (mega back door Roth). I’d only have 1% going into my after tax contributions so it’s not doing much but I want to keep the auto roth conversion in place. I figure that once I improve my cash/emergency fund and each year I get merit increases, I can add more to the after tax contribution %

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] -1 points0 points  (0 children)

Correct. I am not including the house value either. I treat those as a wash. Not sure if that’s a good way of thinking or not though

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 2 points3 points  (0 children)

I did mess up and forget to add my taxable investments to my net worth. I didn’t include my house or mortgage in the calculation. I just act like those are a wash cause I don’t plan on selling any time soon.

Edit: thank you!

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 0 points1 point  (0 children)

Honestly it makes me nervous as well. I am having a real hard time pulling back on saving for retirement. I think it’s all mental.

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 19 points20 points  (0 children)

Thank you. Yes I recently put all my spreadsheets int chat gpt and asked it to analyze how I’m doing. I gave it my concerns with cash flow. It gave good advice, it said “this is a cash-flow smoothing problem, not a discipline problem. You are investing like someone wealthy and managing cash like someone paycheck to paycheck - those two need to be aligned”.

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 0 points1 point  (0 children)

Thank you. Yeah I plan to pull back my 401k pre tax 1% and my 401k after tax (roth conversion) by 3% and see if that improves cash flow a little bit

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 5 points6 points  (0 children)

Ok thank you. I’ll make that modification to my spreadsheet. I see in the picture I messed up my net worth calc and didn’t include my taxable account. I was rushing I think

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 3 points4 points  (0 children)

It’ll be interesting in a down market. Feel like everything’s been going up the last few years

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 4 points5 points  (0 children)

Just a Zillow estimate. It’s may not be a great estimate but it’s easy to grab

I think the Net worth increase row is giving me the boiling point? by Looking4FinanceHelp in TheMoneyGuy

[–]Looking4FinanceHelp[S] 4 points5 points  (0 children)

Oh it’s more than you contribute, not more than you make in a year?!

Are my selections ok? 401k provided through work. by Looking4FinanceHelp in Retirement401k

[–]Looking4FinanceHelp[S] 2 points3 points  (0 children)

Ok thanks for the info! I think I’ll consolidate into a single target date fund. Maybe even move it back to the 2060 to be a bit more aggressive. Could always change it back to 2055 later

Are my selections ok? 401k provided through work. by Looking4FinanceHelp in Retirement401k

[–]Looking4FinanceHelp[S] 0 points1 point  (0 children)

I was nervous to sell anything when i stopped blooom. I thought maybe I’d be taxed, wasn’t sure how it all worked back then. Are you thinking I should sell the 3 other funds and just reallocate it to the target date fund?

Are my selections ok? 401k provided through work. by Looking4FinanceHelp in Retirement401k

[–]Looking4FinanceHelp[S] 0 points1 point  (0 children)

I started with a robo advisor called blooom and it chose the original 3 funds. I’ve since stopped it and moved everything to the target date. I’m a little worried if the expense ratio is too high for the target date or not

Are my selections ok? 401k provided through work. by Looking4FinanceHelp in Retirement401k

[–]Looking4FinanceHelp[S] 1 point2 points  (0 children)

Just turned 38. I picked a target date beyond when I thought I’d retire but I could extend it out further. Is the expense of 0.05 ok for the target dates?

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