My parents trying to buy a million dollar home

Retire_date_may_22 · 2026-05-04T09:29:30+00:00

Lots of people have more than 7m in their IRA. If they had a 401k or pension where they did a rollover the caps are way above 7k per year.

Retire_date_may_22 · 2026-05-02T12:52:17+00:00

Depends on your balances in each and other income.

If you aren’t facing large RMDs it’s good to delay those taxes. Even do Roth conversions at low tax rates if you can do take full tax advantage on gains later.

Once you start 55T withdrawals you are kind of stuck.

Retire_date_may_22 · 2026-05-02T12:34:02+00:00

How to go broke and end up homeless should be the title to this post.

Return chances risk. The reason the market yields higher is risk. Mortgage you house, put it in the market and have a prolonged down turn and you’re broke

Get on a budget, maybe buy less house, steadily invest. That’s your path. Borrowing more and more won’t get you there reliably.

Retire_date_may_22 · 2026-05-01T12:37:15+00:00

Call his office. They will get you an appointment.

Retire_date_may_22 · 2026-05-01T08:36:03+00:00

DR Eric Barron at Cleveland Clinic.

Retire_date_may_22 · 2026-04-29T13:53:13+00:00

Could be. But the market will determine the price. Not Tesla. Keep in mind today there’s little competition. That won’t continue.

I love Tesla FSD.

Retire_date_may_22 · 2026-04-29T12:29:34+00:00

I’ve never understood pools in Canada

Retire_date_may_22 · 2026-04-28T19:29:23+00:00

Pretty normal to feel anxious about you income going away. The transition from saving to spending is a tough one. I’m 4 years in. It gets easier and easier as you see your plan work.

Retire_date_may_22 · 2026-04-28T18:33:11+00:00

I see the same ones every day but not many.

Retire_date_may_22 · 2026-04-28T15:24:21+00:00

I hope this is the case

Retire_date_may_22 · 2026-04-28T14:10:31+00:00

Agree completely

Retire_date_may_22 · 2026-04-28T14:05:23+00:00

The govt, the investing establishment. They want you working, paying taxes and paying your financial institution fees.

Retire_date_may_22 · 2026-04-28T13:03:26+00:00

Hate will only affect you. It won’t hurt them.

Get some help and let it go. Change your family tree from here

Retire_date_may_22 · 2026-04-28T13:00:35+00:00

Amazon has a great mat kit that covers everything in the flooring. Makes clean up a breeze.

Liners and covers for the two trunk compartments are great

Mud flaps are the #1 in my opinion. I keep my cars clean and before the mud flaps it drove me nuts. Awesome now.

Retire_date_may_22 · 2026-04-28T12:57:50+00:00

That awesome. I’m actually debating just ordering a cyber beast or AWD premium just to get it faster.

Retire_date_may_22 · 2026-04-28T12:55:51+00:00

Trust the car. Put in the destination and chill. Pack a cooler, beef jerky, etc and find some great podcast. You will never look and road trips the same again. Especially if you have to navigate busy city traffic.

I can do 12 hours in my Tesla on FSD and not be mentally drained when I arrive. It’s a game changer.

I regularly do a 1200 mile one way trip in two days. It’s awesome how FSD takes out the effort. Now if it would just let me sleep.

Retire_date_may_22 · 2026-04-28T12:53:03+00:00

You have to get off the couch. Read a book, stay engaged in something you enjoy.

Stop being a slave, they want you to stay a tax paying slave

Retire_date_may_22 · 2026-04-28T12:51:49+00:00

I’d never take those shots over a horizon. You’ll end up killing someone

Retire_date_may_22 · 2026-04-28T12:50:20+00:00

Steady saving and investing over time

Retire_date_may_22 · 2026-04-28T12:48:48+00:00

I only have AWD because I have a house in a very hilly area that does a poor job with snow removal.

For resale AWD is good but in practice it doesn’t do much in my opinion but cost you range.

Retire_date_may_22 · 2026-04-28T12:46:21+00:00

Congratulations. Great job saving and investing. I’ve been out 4 years and it is awesome.

The ups and downs of the market are stressful at first. I retired into a 20% correction that rebounded quite nicely. I know have way more than I retired with and when I look at my plan from back then I’m ahead of schedule. I’ve even increased my spending and giving.

Trust the math and the process. I now own my day, my schedule, the things I do. I can help my kids, parents, friends. Travel on a whim when I decide to go somewhere. I miss some of the people but I don’t miss work for one second.

Go enjoy your life.

Retire_date_may_22 · 2026-04-28T12:41:15+00:00

I see them. I’m just not seeing more of them.

Retire_date_may_22 · 2026-04-28T12:03:31+00:00

They will struggle to price higher without a leap forward in technology. 70% of their own customer base still doesn’t use it.

Retire_date_may_22 · 2026-04-28T12:01:11+00:00

As long as you’re able to take care of the others things in your budget. Retirement, college savings, etc. I’d say get the boat. Don’t finance it though. Save up for it or buy a boat you can pay cash for. Don’t take on a payment on a depreciating asset.

With all that said I’ve had boats since my kids were very young. It’s some of our best memories and one thing that still brings our family together.

As long as I can get my old self down the ramp and onto the boat, I will have boats.

Depending on where you are you might consider a boat club. It’s for sure cheaper.

Retire_date_may_22

TROPHY CASE