*I'm being rate limited by Blind, so I can't respond to comments as quickly as they come in* I want financial independence ASAP. 2022 TC $560K L6 at Google, cloud sales Finished grad school in 2015, took about 18 months to payoff school, car, build emergency fund. Left Microsoft in 2019 to join Google. No debt, currently rent, never owned real estate, all cash invested in QQQ. Note: HSA is in Vanguard growth fund cause I'm limited to using funds selected by Google's HSA provider Edit since I was asked, copied from a comment reply below: I have to double check AGI from tax returns, but I basically averaged $200k household TC per year from 2015 - 2018. Only good thing was I worked in MCOL city, not Bay Area 2019 - $435k cause I switched Microsoft to Google half way and moved to Bay Area 2020 - $435k 2021 - $700k cause I blew past my number 2022 - $560k much lower attainment and Google stock price dropped #personalfinance #investments
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Are you sure your cash invested is not down by 50% or more ?
Can you share where you invested the cash?
Everything is QQQ
You know QQQ is gonna get cut in half this year right?
does this include spouse contributions
Mad respect on tracking everything. I should start it this year
I had it in a few different places but only really got it in one spot on Google sheets in 2022
Why don’t you use something like Personal Capital for this?
No mega backdoor or backdoor roth? This is a good start, you can afford to buy a house!
MTE. You can afford the backdoor Roth options. Unless you’re specifically trying to focus on taxable brokerage for early retirement… but that puts a lot of eggs in one basket.
I could do the backdoor stuff but since I want access to contributions and earnings well before retirement age, I'd rather just put that money in an after tax brokerage. Only tax benefits I get are from pre tax 401k and HSA.
Some ppl just don’t understand how easy money works. 401K: tax defer Roth IRA: $0 tax at distribution
Depends. You are saving 35% now by nesting in 401k. If you start distributing later, say 80-90k year (from 401k) (on top of social security), you will be paying less taxes (<20%)
But you don’t know what your future tax rate will be and your distribution need. Could be higher than 35%. Post tax let’s you not worry, hence you’re missing out by not doing both
How come cash invested tripled 2022 ?
You started late
Nice #3 option
I am familiar with Blind etiquette
Why are you asking blind then