I have been supporting my parents in India by transferring money adhoc. Currently end up transferring around 3-5 lakh a year. I am looking for recommendations for senior citizen monthly income plan in india where I can make a deposit(~45L) so that they get a steady monthly payout. Also, if possibl...Read more
First, I love my gf and 2 weeks ago we got engaged too. But before marriage, I am having lot of thoughts if this is the right time/ decision. My gf used to be a marketing associate and earn 60-70k in east coast. But she keep getting laid off and I don’t see effort from her end. Last job she lost in ...Read more
Hey all - Been pondering how to get to 400k. Currently an L4 Solutions Consultant with 2.5 YOE going for L5 next cycle. Work is centered around Ops for ML/AI space related projects with eng and product partners. Have a BS in Business Management from a state school. Graduated three years ago. How ...Read more
I have been a SWE for 12 years. Below is my yearly W2 in last 12 years since 2012. 120k 130k 150k 200k 300k 400k 500k 550k 760k 860k 840k 1m There is no other major income source beyond wage: My current NW is 4.4m, including retirement accounts and net value in primary home. My spending is at or ...Read more
Peeps, What is your financial setup/strategy for paying mortgage on 2M+ house with 10-14k/m housing expense? Context: Double income single kid family, considering a house upgrade (current townhouse valued @$1.3M, $0.6M mortgage @ 2.5%) to a SFH that has a decent size backyard. We got a 1y old baby...Read more
Imagine you've maxed out your career. How much TC do you need to be happy?
How do these work? Is it best to maximize everything? I’m getting 1:1 matching up to the limit on the 401k front. How does the Mega backdoor work at the end? Also, can one move the 401k to be Roth? Is that a good idea? Would appreciate any insights!
This applies for people working in established companies. If you have to choose between 40k RSU with 10k vest a year vs 10k increase in base, you should pick RSU every time. The reason being that if you were to get laid off, it is likely that you get the vest RSU up front. With the higher base pay...Read more
Update: After reading everyone’s responses, I decided it’s not ridiculous at all for us. We are going for it - and landed on a jeweler who can make it for ~5k We are combining incomes on the future anyways, so in essence, we’re sharing this cost. I save around 70-75% of my post tax salary so that i...Read more
Hello Iam 25 yrs old. First job. Living in bay area. Iam saving 4500$ every month. Iam single. Is this a good target? My base is 150. Currently not investing because i believe market will crash sometime this year..but thats regardless. Tc 188 , sde3
We are a DINK with monthly expense of 11k and settled in MCOL . This includes our mortgages and auto loans which combined is around 6k . Is this too high?? Genuine responses please 🙏 Combined TC approx 500k
So Citibank decided to “simplify” my banking by removing one of the conditions to qualify for a free account. I’m looking for another bank that won’t screw me over. Ideally - no monthly fees - don’t require direct deposit - earns interest (if available) - a financially sound company Any recomme...Read more
Model 3 is too expensive but is my dream car. Can I afford it? My tc is $400k
I am a 39 year old hardware engineer, PhD from a top 10 school. My annual TC is 650k (before tax of course). My wife is not working at the moment. Current net worth: slightly over 2M which consists of Home equity: 1.2M 401K: 520k Stock: 160k CD: 350k Bank saving account: 50k We are both single chi...Read more
i don't want to work a 9-5 anymore after studying and grinding my whole life like everybody here, these are my stats can i take a chill few years and exit the rat race? age 30 1.8M NW mortgage + housing expenses is 4k/mo food + other stuff is 2k/mo my small businesses generate anywhere from 5k to...Read more
Just thinking If I were to open a cult in the silicon valley what would be the most successful one. TC: $1.4M
If I fire right now, how much should I try to live on? Should I re-evaluate SWR every year? NW $3M Age 42 No property (75% invested in VTI)
I’m looking to get an Amex plat with the 150k sign up bonus. If anyone has one can they send me a referral? Thanks
I want to FIRE. I feel like 2.5M for supporting just myself and half the household costs is a good number. I've never spent more than 55K a year so that # feels like a lot with a 3% SWR and factoring in healthcare (I live in VHCOL). How much did your annual budget increase after having kids? I ide...Read more
Work life balance went to shit in the past few months. At what net worth can i say fuck it and just quit? I will probably slowly try to find another job in the next 5 years. Im 28 and plan to have two kids in LCOL. TC 650k 5 yoe NW 1.5M
Apparently Dave Ramsey advises against overfunding 529 because college bubble will burst and they'll have to "come home to roost". He advises no more than $20k in 529. But he's been saying a lot of silly things lately - cognitive decline due to age, perhaps? Personally, I'd rather overfund than un...Read more