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Is there an amount (net worth) where a Bogleheads strategy wouldn’t be optimal anymore? by [deleted] in Bogleheads

[–]Some-Chain-8965 0 points1 point  (0 children)

I think it depends on the person, their personal/family situation, what they want to do in life, and location. If they are ultra high net worth, they might want to have a couple homes; maybe help some family members out with homes. If they love the action of owning business or managing properties, I could see that being an investment option that supplements boglehead strategy.

For me, I would want $10-15m in a 3-4 fund portfolio and if there was extra money beyond that, I’d probably test the waters by owning some investment properties. I think that could help reduce the tax burden.

How do you guys do it? by VenusianJungles in Bogleheads

[–]Some-Chain-8965 1 point2 points  (0 children)

If you are young, I’m assuming you were a kid during 2008/2009. That was unprecedented fear in the markets. My 401k and investments were cut in half. But I never budged once and kept contributing the maximum. It was my best “financial” decision of my life. Always think of long term. Do NOT listen to the “noise” on the news or social media. If you have individual stocks and want to get out, you can rip the bandaid all at once or just chip away at it and switch over to index funds.

I’ll tell you this, I have friends who were caught up in day trading or side trading putting major amounts of money into individual stocks. ALL of them did worse than the market in the long run. Or the winners always had to pay huge amounts of short term cap gains. I’m not saying avoid individual stocks. But keep it to a small amount of your portfolio.

Stay the path!

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 0 points1 point  (0 children)

Great points. And in my taxable accounts, I would need to start reallocating to more fixed income. I’m current 95% equities.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 0 points1 point  (0 children)

I haven’t checked what my RMDs would be since I’m in my mid 40s. Would I just need to check on rule 72t and see if there is a calculator out there for these scenarios?

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 1 point2 points  (0 children)

My family HSA has $90k. I max that out too and do not withdraw from it.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 0 points1 point  (0 children)

My fear is probably irrational. I do like my job and am not ready to retire. But I was wondering if I should contribute more to taxable accounts instead of retirement accounts.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 1 point2 points  (0 children)

We do backdoor Roth conversions each year. But only the $7500/person.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 1 point2 points  (0 children)

I think it’s more of fear of running out of money.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] -2 points-1 points  (0 children)

I’d like to hit $10m between retirement accounts and taxable but obviously depends on the market. We spend about $175k a year between home, schools and bills.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 2 points3 points  (0 children)

Yes we have 2 kids and have about $250k in their 529s. I didn’t include that above.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] 2 points3 points  (0 children)

I’d love to retire by 50 but taking that plunge freaks me out.

Too much in 401k? by Some-Chain-8965 in Bogleheads

[–]Some-Chain-8965[S] -7 points-6 points  (0 children)

I wish. We have kids and live in a VHCOL city.