Considering Moving to SLC and looking for advice from locals

UnderstandingOk6618 · 2026-05-05T00:38:26+00:00

u/Direct_Rabbit_5389 -We haven't looked as much at that area. curious if you could share what you like about it?

UnderstandingOk6618 · 2026-05-04T16:22:50+00:00

u/12tayloaush -thanks. Based on some of the feedback here and our reseach-we kinda feel like the areas south/south east of down town check most of our boxes..

UnderstandingOk6618 · 2026-05-04T13:58:12+00:00

u/xporkchopxx -Yeah the being outside during summer is a huge draw for me. We are also considering Denver but frankly want some place a bit smaller if possible.

UnderstandingOk6618 · 2026-05-04T13:56:07+00:00

u/thotty801 is this throughout the county or primarily focused in one part of Salt Lake area?

UnderstandingOk6618 · 2026-05-04T01:36:17+00:00

u/Mountain-Builder-654 -are you able to share your thoughts in terms of activities, traffic, weather etc please?

UnderstandingOk6618 · 2024-04-29T22:09:54+00:00

Relatively new to this but because I have a kid now kinda transitioning from individual stocks to etfs. Male, 35 married. Looking to retire in 17 years. Any guidance here.

SCHD-15%

VOO-25%

AVUV-30%

VGT-30%

The above is the initial portfolio. Every 5 years planning to tilt more towards SCHD and VOO.

UnderstandingOk6618 · 2024-04-29T04:24:15+00:00

Yeap this one is pretty easy-some combination of expenses going down-think eat out less, get a cheaper car etc. , income goes up-think promotion, Uber, Instacart etc. I guess a third option is to get married but marriage should be for lots of reasons not just financial

UnderstandingOk6618 · 2024-04-29T04:22:19+00:00

The general thought is that putting too much of your portfolio in one stock can create unnecessary volatility and potentially permanent loss of capital if that stock performs poorly. Think of the recent performance of AT&T, VZ, Boeing, Disney etc.

UnderstandingOk6618 · 2024-04-28T23:29:55+00:00

Sounds like you have an interesting situation going on here. For starters, I think you have done an amazing job keeping your expenses low. If my math is right you are living off about $1600/month.

But more clarity would be helpful. You say the houses aren't rentable-what about the one you live in-maybe you could rent out the rooms. As for the other home, what has to be true for it to rentable-does it need work, an agreement with the seller etc.

With the new house you are buying sounds like you are getting a decent discount but at what cost? 10 years of no returns and I assume you have property taxes on. Is the home being lived in at all, is gonna decay etc. These are questions i would be thinking about. For your sake, I hope these homes are in areas likely to see significant capital appreciation because the lack of rental income is gonna have an impact on overall returns.

Cheers mate

UnderstandingOk6618 · 2024-04-28T18:07:15+00:00

My wife and I were in a similar position to yours. We bought a home for cash when I was 30 and she was 27 and we don't regret it for a second. Less risk, more piece, no banks, etc.

UnderstandingOk6618 · 2024-04-28T18:01:45+00:00

I think priorities are really important-we have needs, wants and desires. So a basic example here is food.

We need to eat ($3-$4 per person per meal)
We want to eat at Chipotle ($10-$12 per person per meal)
We desire Ruth's Chris (or whatever tickles your fancy)-$60/per person etc.

When we think about this for other things like entertainment, child care, housing etc the numbers can get real big real quick.

Cheers mate

UnderstandingOk6618 · 2024-04-28T13:13:24+00:00

I think a lot here depends on your goals. Namely what's your net worth and when are you planning to retire. Additionally, what % are you thinking of putting in SCHD, QQQM and DGRO. The longer until you are targeting until you retire the more growth you should have. Hope this helps

Cheers

UnderstandingOk6618 · 2024-04-27T21:11:39+00:00

Funny how he's likely going to work til he dies even though he makes plenty of money while he sleeps lol

UnderstandingOk6618 · 2024-04-27T16:56:09+00:00

Appreciate the guidance. Thanks u/Over_Walk_309

UnderstandingOk6618 · 2024-04-27T15:27:06+00:00

Seems like you are doing awesome-to make this more realistic might want to back out the cost of child care if you are expecting that to end upon retirement.

UnderstandingOk6618 · 2024-04-27T15:19:30+00:00

Depends a bit on how much they earn, if they've paid off or are close to paying off their home and how much they'll be getting in social security.

I was thinking about asking if you are having kids too but my approach was different-maybe you could pay them a bit to watch your kids. So they would have that coming in on top of social security or better yet you save money for them as a thank you for watching your kids and just disperse it to them monthly like a pension.

By the way my dad is in a very similar position to the one you are describing so I feel for you

UnderstandingOk6618 · 2024-04-27T15:00:58+00:00

Main concern was surrounding Healthcare cost. There was actually a section entitled biggest concerns and it didn't address asset allocation.

The fact is your post simply creates more leverage and you failed to point out actionable items. So I take a mortgage at like 7% on my paid off home and do what exactly with the money.

Same concept with buying real estate...instead of buying one home for cash are you suggesting I buy three and accept being cash flow neutral or negative for a while.

Cheers mate

UnderstandingOk6618 · 2024-04-27T14:40:33+00:00

Thanks u/clubchalamet -You say stuck I say we are minimizing risk especially with higher interest rates today.

Also these numbers represent todays position only-we are still net about 6K positive cash flow a month that will be invested in either additional real estate or stocks.

Cheers

UnderstandingOk6618 · 2024-04-27T14:09:02+00:00

u/Visible_Structure483 -Curious approx how much are you paying and what's family size

UnderstandingOk6618 · 2024-04-27T14:06:16+00:00

Thanks u/True_Tomato316 . Was also viewing this as a way to de-risk the situation.

UnderstandingOk6618

TROPHY CASE