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re: Do you have an investment plan?
Posted on 5/21/22 at 11:26 am to TigerGrad2011
Posted on 5/21/22 at 11:26 am to TigerGrad2011
Invest for specific priorities and liabilities in your life and utilize proper investments with a glide path that changes as it gets closer.
So to make money to pay for stuff.
So to make money to pay for stuff.
Posted on 5/21/22 at 2:28 pm to Turf Taint
Alot of Bogleheads follow an investment policy statement to formalize their plan and define things such as when to rebalance, change allocation based on age or milestones etc:
https://www.bogleheads.org/wiki/Investment_policy_statement
I've never gotten that formal with my plan. I just use a stock/bond allocation and primarily use low cost index funds. For the longest time, my allocation was 80% stocks and 20% bonds. I used to slice and dice my allocation but have simplified over the years. When I hit the 2 comma club, I adjusted to 70/30. I haven't figured out what my allocation will be in retirement.
I follow this for tax efficiency:
https://www.bogleheads.org/wiki/Tax-efficient_fund_placement:
My advice is come up with a plan that allows you to stick with it when things get bad. Too many stories of people who underestimate their risk tolerance and make rash decisions with bad outcomes.
I will have a more formal plan for retirement which hopefully is within 10 years. Such as having X years of expenses in I bonds/treasuries, my withdraw rate plan, when to take social security, when and how much in roth conversions, what order in withdrawing from accounts etc. I've been doing alot reading on how to retire and tax optimization is the name of the game. I saw this retirement quote over on Bogleheads I like, "I don't have an income problem; I have an income tax problem".
https://www.bogleheads.org/wiki/Investment_policy_statement
I've never gotten that formal with my plan. I just use a stock/bond allocation and primarily use low cost index funds. For the longest time, my allocation was 80% stocks and 20% bonds. I used to slice and dice my allocation but have simplified over the years. When I hit the 2 comma club, I adjusted to 70/30. I haven't figured out what my allocation will be in retirement.
I follow this for tax efficiency:
https://www.bogleheads.org/wiki/Tax-efficient_fund_placement:
My advice is come up with a plan that allows you to stick with it when things get bad. Too many stories of people who underestimate their risk tolerance and make rash decisions with bad outcomes.
I will have a more formal plan for retirement which hopefully is within 10 years. Such as having X years of expenses in I bonds/treasuries, my withdraw rate plan, when to take social security, when and how much in roth conversions, what order in withdrawing from accounts etc. I've been doing alot reading on how to retire and tax optimization is the name of the game. I saw this retirement quote over on Bogleheads I like, "I don't have an income problem; I have an income tax problem".
Posted on 5/21/22 at 6:02 pm to gpburdell
100% VTSAX
Posted on 5/21/22 at 7:39 pm to gpburdell
I lean Boglehead too.
Good on you. Best of luck!
Good on you. Best of luck!
Posted on 5/21/22 at 8:00 pm to Turf Taint
Nothing fancy.
Max out the 401k. (Target Date Retirement Fund)
Max out wife and I’s Roth IRA.
(Target Date Retirement Fund)
Put most of everything else into the market in various investments our wealth manager has us in. (Is that juice worth the squeeze? Eh. Don’t know. But he did get us into a commodity fund that has grown handsomely.)
Keep very little cash.
Max out the 401k. (Target Date Retirement Fund)
Max out wife and I’s Roth IRA.
(Target Date Retirement Fund)
Put most of everything else into the market in various investments our wealth manager has us in. (Is that juice worth the squeeze? Eh. Don’t know. But he did get us into a commodity fund that has grown handsomely.)
Keep very little cash.
This post was edited on 5/21/22 at 8:02 pm
Posted on 5/21/22 at 11:45 pm to GEAUXT
35% of gross? Come on man. Telling people to save 45% of their take home is not even remotely realistic. That would have a 200k earner living on 90k. Of course it would be fantastic for retirement but is not remotely feasible for 99% of the population.
Posted on 5/22/22 at 2:29 am to tigburls
quote:
35% of gross? Come on man. Telling people to save 45% of their take home is not even remotely realistic. That would have a 200k earner living on 90k. Of course it would be fantastic for retirement but is not remotely feasible for 99% of the population.
Ignore the percent. That obviously varies significantly depending on folks status.
Point is that it's a continual thing due to many years left in the market. Not over thinking it
Posted on 5/22/22 at 12:38 pm to EA6B
quote:
What other goal is there for investing other than to make money?
If you just want to grow it and don’t know how/when you’ll use it, you’ll often see people make emotional short term decisions.
I know it can seem pretty basic around a place like the money talk, but most people should start with the basics.
Posted on 5/22/22 at 1:30 pm to tigburls
quote:
35% of gross? Come on man. Telling people to save 45% of their take home is not even remotely realistic. That would have a 200k earner living on 90k. Of course it would be fantastic for retirement but is not remotely feasible for 99% of the population.
The question was "do you have an investment plan." That is my investment plan.
The question wasn't "does the average person have the discipline to stick to your investment plan."
quote:
That would have a 200k earner living on 90k. Of course it would be fantastic for retirement but is not remotely feasible for 99% of the population.
99% of the population couldn't live on ~1.5x the median household income?
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