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[quote=Anonymous][quote=Anonymous][quote=Anonymous]At $450k it gets tough.. You even get hit by the NIIT (net investment income tax) or at least we did, to the tune of another $20k in taxes.

Get a financial advisor. Ours helped us get things down a bit through tax loss harvesting, and also set up the back door Roth IRAs. [/quote]

Neither of those is particularly sophisticated or mysterious-- I wonder how much you paid for that advice.[/quote]

I know it's a snark, but we pay about 1% of managed funds. Totally worth it for us, because we just don't have time to deal with it. I also pay someone to mow our lawn, because he's more efficient than I am, and it's not worth my time.

Yes, I could spend my time learning about the latest tricks like backdoor Roth, and rebalancing our portfolio, and doing tax loss harvesting. It's just not worth my time. Our previous strategy was to throw our money in whatever mutual fund or ETF seemed "good" at the time, and basically ignore it for years, due to lack of time to deal with it.

For those considering a financial advisor, my main advice is to pick one who doesn't get a commission from selling you their own funds or products. Pick one that's independent so they are going to steer you to the best investments for you, not just the ones their company offers.[/quote]

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