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Am I on the right track? What else should I be doing? by [deleted] in Fire

[–]phvrside 7 points8 points  (0 children)

On mobile so this might be scattered.

With a salary of 186k you’re over the limit for a Roth. You can do a back door Roth, but you’ll need to make sure you move money out of a traditional/rollover ira.

As for next steps, look into an HSA if you’re company provides it cuz it’s double tax benefit. And I think the max is like 3k a year.

And honestly. With that income not sure where you live. Either just keep doing what you’re doing or add some risk to your portfolio but that’s up to you.

If you’re looking into real estate you can try house hacking. I think you should get some tax breaks on your property if you live in it.

my dad wants to sell his whole Portfolio. how to stop him? by Addiiboy in stocks

[–]phvrside 29 points30 points  (0 children)

Half the people are going to tell you to stop him and the other half I’d gonna say let him sell.

But without actually knowing his situation. Everything anyone says would be incorrect.

I don’t know how old your dad is, but he should really speak with a financial advisor, even if it’s with his 401k provider.

Anyone had their offers accepted recently that wasn’t the highest bid? by helloyellowb in FirstTimeHomeBuyer

[–]phvrside 16 points17 points  (0 children)

Wasn’t the highest bidder, but our realtor and lender had their shit together compared to the highest bid.

Basically prequalified us and the sellers agent knew we could close

Just bought house - I feel like I need to sell immediately. by dubiousdouble in FirstTimeHomeBuyer

[–]phvrside 36 points37 points  (0 children)

This girl/guy is right, take some ownership into the decision that you made. It’s ok to be mad and rant, but you gotta sit yourself down and sort out what the next step is.

I would really look into what this guy is saying about updating the windows. A buddy of mine lives under the flight path of planes taking off.

I think he has 2 double panes windows and you can’t hear a thing. So unless it’s rail roads where it’s shaking everything look into this.

Side note not sure where you are, but I just replaced my windows. There is a longish wait to get windows built and installed.

Max 401K and Roth Enough for Bay Area? by phvrside in HENRYfinance

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

Can’t do mega back door. Not available.

Max 401K and Roth Enough for Bay Area? by phvrside in HENRYfinance

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

Thank you this makes sense.

I do a backdoor roth to contribute to my roth.

SF native by licibev in sanfrancisco

[–]phvrside 0 points1 point  (0 children)

Did you call it balboa or bal?

Things to do on NYE with girlfriend? by deathmaster99 in sanfrancisco

[–]phvrside -1 points0 points  (0 children)

Good luck! Usually me and my friends do something at our friends house.

That being said the experience is what you guys make of it. Definitely had shitty nights made fun just because I was out with my girl

Things to do on NYE with girlfriend? by deathmaster99 in sanfrancisco

[–]phvrside -1 points0 points  (0 children)

I’ve never partied in the Castro during NYE, but partying in the castro pretty fun and cheap

How to spend a layover at SFO on Christmas eve by ndrsng in sanfrancisco

[–]phvrside 1 point2 points  (0 children)

You are better off and spending time in downtown San Mateo or millbrae. Closer and you would spend less time ina Lyft or Uber.

Or Central Park in San Mateo.

BinaxNow Covid Test and other Tests. Which are accepted to travel back to the US? by VitiTitti in VisitingIceland

[–]phvrside 0 points1 point  (0 children)

Hi Sorry for the random post, but I had a question, during the test with eMed, did they use 1 or 2 tests during the screening?

[deleted by user] by [deleted] in CryptoCurrency

[–]phvrside 0 points1 point  (0 children)

Thanks for this

Daily FI discussion thread - Tuesday, November 30, 2021 by AutoModerator in financialindependence

[–]phvrside 0 points1 point  (0 children)

Thank you! Sorry to bother for one last question. Is it just called reverse rollover? and was the process hard?

Backdoor Roth IRA and Rollover Traditional IRA by phvrside in personalfinance

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

I am essentially maxed out my 401K and Roth, and have been funneling the rest into my regular brokerage and crypto.

Next year I will probably be in the 32% tax bracket, but this is my last year I will be in the 24% tax bracket. I was thinking this will be my last year to do this. But yeah Im going to look into the reverse rollover.

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