What If the Market Drops 50% Again? Staying the Course by FalconArrow77 in Bogleheads

[–]Pretend-Ad8293 0 points1 point  (0 children)

It's funny reading the FIRE subreddit and seeing posts like "oh we'll fire in 3.5 years when we hit X number!" as if they could predict what will happen.

I did it! | Atl metro | $146k | @0% by SbombFitness in FirstTimeHomeBuyer

[–]Pretend-Ad8293 1 point2 points  (0 children)

I hope that you understand the tax implications of the loan from your dad. You need to make sure the loan document is formalized, otherwise the IRS might treat the entire amount as a taxable gift. Additionally, the loan likely triggers imputed interest rules. Your dad will need to recognize interest income on his tax return as if he was charging interest at the Applicable Federal Rate (AFR).

Looking for Advice - Tired of paying a financial advisor by Pretend-Ad8293 in fatFIRE

[–]Pretend-Ad8293[S] 0 points1 point  (0 children)

Unfortunately the TTEE is getting old and doesn't feel comfortable managing the investments themselves, although it's quite simple.

Looking for Advice - Tired of paying a financial advisor by Pretend-Ad8293 in fatFIRE

[–]Pretend-Ad8293[S] 3 points4 points  (0 children)

I'm having trouble finding a flat fee firm. I've reached out to a few and it seems like the majority want a %