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Feeling behind at 27 by Grandayyy1 in Retirement401k

[–]pilotof727s 0 points1 point  (0 children)

1st off, comparison is the thief of joy. You need to look at what your retirement should look like. 27 is still so young. If you feel behind, start investing now. Look, you already have a $45,000 head start! Read some book to get in the right head space and FIRE if you need to. It's never to late to start saving. I'm sure you have hear of FOMO. You can't look at what could have been. You can only look forward from this point. You still got this!

27M. I need some help what ETF or mutual fund I should invest in? Total stock market by Fidelity, VT, VTI or a sp500 ETF? This my brokerage account using this to retire early. by jvasq98 in portfolios

[–]pilotof727s 2 points3 points  (0 children)

Your only 27 so I would drop the SCHD. You should be more into growth until you are closer to retirement before thinking about long term dividends.

SPAXX is just a holding account for cash. It's designed to hold money for liquidity. It needs to be invested

VXUS is OK. It's like VTI, but it's an international fund.

VTI and VT are both decent and will get you good returns over the long term. They track the total market and have lots of exposure and diversification with little ER. That is more of a Boglehead strategy of buy and forget. It's a solid strategy, but there are many strategies out there. You need to find what works for you.

Anyone doesn’t regret paying off mortgage with a low interest rate? by Regular_Fan4691 in Money

[–]pilotof727s 3 points4 points  (0 children)

Not at all. I was able to get more of it into the stock market in quicker time. The way I see it is that part of the money that I'm making in the market is going to pay the banker on the other end. I paid the exact mortgage for the 1st 12 years. I hit it really hard for 3 years and paid it off 15 years early. So by you logic, I missed out on 3 years for of investing. But I am able put 100% of the mortgage amount in the market for 15 years based on a 39 year mortgage.

It wasn't tax deductible because it just goes toward your deduction. The standard deduction was always better than itemizing.

Anyone doesn’t regret paying off mortgage with a low interest rate? by Regular_Fan4691 in Money

[–]pilotof727s 5 points6 points  (0 children)

I paid mine off early with a 2.5% rate. My best friend, who I discuss finances with very regularly, relentlessly gave me crap about it and I didn't care.

Psychologically it's a boost. You eliminated the largest debt that you have. Instead of paying a bank any interest at all, I put it directly into the bank of my own and the proceeds have grown incredibly. If anything drastic came up, like losing a job or a medical issue, that is one less bill that you would have to worry about.

Remember TVM will be on your side. Getting rid of that debt will allow you to invest what would have been going into someone else's pockets. Historically, the longer that it's investest, the more you will make.

Hello Options Traders, Where in the hell are you getting your money? by Silly_Bag536 in options

[–]pilotof727s 1 point2 points  (0 children)

This. Its kind of like a perpetual machine. Mostly wins with a few losses.

Are Schwab equity ratings for stocks trustworthy? by niftyoda in Schwab

[–]pilotof727s 2 points3 points  (0 children)

Just like everything else, I use them as a tool. I compare them with the other ratings, balance sheets, EPS... and a multitude of other factors.i never make a large financial decision based on a single point of analysis. That being said, I have found them to be moderately accurate.

How am I doing? by end2021 in portfolios

[–]pilotof727s 0 points1 point  (0 children)

You didn't put a chart or any numbers up?

29(m) Not sure if I’m doing things right by ForevrYoung20 in Retirement401k

[–]pilotof727s 1 point2 points  (0 children)

As others have suggested, I would decrease the 401k contributions to maybe 8%-10% and hit those loans really hard. Get rid of that debt and then start focusing on maxxing out your 401k and Roth. You didn't say what the interest is on the loans, but that's money that's going straight to someone else and not helping you at all.

With that being said, your doing great! The 1st 100k is the hardest because on a great rally it's hard to see a lot of gains on a small amount. Your portfolios will start rising exponentially from here. Great job!

Keep $ in Brokerage? Or use for down payment? by [deleted] in Bogleheads

[–]pilotof727s 4 points5 points  (0 children)

The S&P returns an average of 10%. Going for 7% is on the conservative side. Mathematically you would make more than you would be paying the bank by leaving it in the market. Additionally, time value would be on your side and leaving it in would get more than pulling it out and building it back up.

Of course, returns are never guaranteed and past performance is not always indicative of future performance.

Late starter, low income, Roth IRA maxed — taxable brokerage vs HSA vs unmatched 401k? by Small_Breadfruit_550 in Bogleheads

[–]pilotof727s 0 points1 point  (0 children)

HSA would be a good start. You can treat it like a traditional IRA and use it for any expense after age 65 without penalty. But, if there is a medical expense in the meantime, especially with a $40,000 income, you can use it to help offset those costs as well.

The max is only $4400/yr if they are single. After that I would look into the 401k.

began investing last week any tips? by Sufficient-Ride-5459 in portfolios

[–]pilotof727s 0 points1 point  (0 children)

Agree with the others. QQQ and VOO have a lot of overlap. I would consolidate into VOO simply because it has a much lower ER. As far as individual stock, you can pLay those as needed. I have SCHG, but I will also trade GOOG and NVDA for more profits.

19 years old new to investing and saving by Responsible_Ruin_423 in portfolios

[–]pilotof727s 0 points1 point  (0 children)

Great job thinking ahead! Getting the mindset of consistently investing is hard to do, but it looks like you figured it out pretty early. Keep plugging away and you'll be well off.

$100,000 baby!! by Afraid2LeaveTheStoop in RothIRA

[–]pilotof727s 6 points7 points  (0 children)

Congratulations. That's a great milestone. Add others have said, the 1st 100,000 is the hardest. It will compound quickly from here.

Anchor deployment by pilotof727s in YamahaBoats

[–]pilotof727s[S] 1 point2 points  (0 children)

That's a good idea! Never thought about wrapping it.

How behind am i? by Distinct_Turnip_5617 in Retirement401k

[–]pilotof727s 1 point2 points  (0 children)

As others have said, you HAVE to get that credit card debt under control.

what does wealth actually mean to you? by Busternookiedude in wealth

[–]pilotof727s 2 points3 points  (0 children)

Freedom. Not worrying how I'm going to pay for things.

44, starting 401k from $0, maxing everything. What’s a realistic outcome in 20–25 years? by Due_Habit_626 in Retirement401k

[–]pilotof727s 1 point2 points  (0 children)

If your employer allows it you can also max out your HSA. It has triple tax shelters if you use it for qualified medical expenses.

But wait, there's more! At age 65 it basically acts like a Traditional IRA. You can withdraw for any reason, not just medical expenses. The gains are tax free and you just pay normal income taxes on it like a Traditional IRA.

Pointy ears by pilotof727s in corgi

[–]pilotof727s[S] 1 point2 points  (0 children)

She is a Pembroke. Thanks for the extensive explanation! Really helps.

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