All Forum Posts by: Joel Johnson

Completely up to you and your risk tolerance. Personally with a two year time horizon I would put about half of it into a broad market index just for fun. Then when I get to the two years, if it isn't more than what I put in, maybe I put off the purchase of the investment property. Just my thoughts, but two years is kind of on the bubble between cash and investment, especially with this crash.

They're two sides of the same coin in my opinion. The abundance mindset, in my opinion, doesn't mean go hog wild and go deeply in debt just for consumption purposes. It's more to offset the "save every penny and never use a credit card." I think there is a healthy balance between the two, in that living below your means to save and invest can lead you to a life of abundance down the road.

Jeff, I haven't. Especially for FHA, can't imagine what they would've been worrying about. Unless the downpayment amount didn't quite match age and income.

Sounds to me like you need to find a new lender. I've not heard of anyone restricting gifts of down payments, so I would keep shopping. If it was pitched to the lender as a loan, that could be where you ran into an issue.

You do not have to refinance the mortgage if you live in the property for at least one year after purchasing.

I have a finance degree, a CFA and I read A LOT and listen to podcasts. Just never stop looking for new ways to keep learning. I would be happy to help in anyway that I can in your journey towards learning about money and finance.

You're not getting double-taxed not to worry. You are correct, the money you are funding the Roth with has already been taxed through your payroll when you make the transfer, that's all it is is a transfer. Schwab doesn't take out "more tax" because you're putting money into a Roth. If you were to make the same transfer to a traditional IRA, you wouldn't see the "tax break" until you file taxes at the end of the year. The transfer to a traditional IRA reduces your AGI (adjusted gross income). Basically, any contributions to a retirement account outside of work, you wouldn't see any tax effects until filing at year-end.

Have to start with the disclosure this isn't tax advice and you should sit with your CPA before making a decision, etc...etc. IF it were me, I would sell the individual stock and take the tax bill hit. 25% of an entire portfolio is a little scary to me for exactly the reason you mentioned. I would sit with someone and see if there are specific lots you could sell or maybe get creative on some financing options using the holdings as collateral. But the single stock if we're keeping it simple.

I'm sure you've heard of it but the general rule is a 4% withdrawal rate (I'm not a fan of the assumptions behind this, but this is a forum, can't get into details), so that's what you should aim for. You should start to aim for about $600k in assets. This is a very general post so unfortunately, I can only give a very general answer. I would recommend you really sit down with an investment professional, who will talk with your tax professional, and put a plan together. To get a successful investment strategy here would be very difficult to do. Hope this helps!

Way to think outside the box and thanks for sharing! Great way to find a creative solution to a problem you have.