10M, with 2M invested with a financial advisor. Essentially all our stocks and bonds.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

There are income limits on Roth. Do you have a low paying job and family money or something?

I don't think there are income limits on Roth 401ks, are there?

No, only on Roth IRAs. But Roth 401Ks are counted towards the overall 401K limit (so comes out of the $18,500/person limit).

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

There are income limits on Roth. Do you have a low paying job and family money or something?

I don't think there are income limits on Roth 401ks, are there?

$6m and yes. We have about $2m invested with him but he knows what all our other assets are so that he can make investment recommendations that make sense for our whole portfolio. Also does an annual assessment of predicted income in retirement and has helped to map out what our savings strategy needs to be. I find it helpful because we both work long hours and don't have the time to focus on it the way he does. We also trust him - DH used to work with him before he switched careers so there is a personal relationship as well. We are also looking at switching from a SEP to a DB plan for one of us and he is helping with that assessment.

Anonymous wrote:$2.5M and no. At least not yet. Our assets are not complicated: a paid-off house and Vanguard index funds, most of it in retirement accounts.

Similar--house not paid off but close and otherwise very simple situation--Fed thrift plan + Vanguard account.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

There are income limits on Roth. Do you have a low paying job and family money or something?

Not the PP but ever heard of backdoor Roths? You should fire your financial advisor.

Anonymous wrote:

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

There are income limits on Roth. Do you have a low paying job and family money or something?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

No, nor am I reducing my home’s value for capital gains.

Money taken from tax deferred accounts will be taxable so amount available is less than what u think

It's not typical to calculate net worth with estimated future tax burden in mind, since it's impossible to know what that burden will be. But people should think about it. I report my net worth in absolute dollars but in my mind I assume that anything tax-deferred is worth 75% of its value as a rough guess. I also don't figure social security into my retirement planning except as a potential source of discretionary funds.

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

I don’t. Just like my employer tells me my salary in pretax $.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

No, nor am I reducing my home’s value for capital gains.

Money taken from tax deferred accounts will be taxable so amount available is less than what u think

1.7 mill, no financial advisor
Ours our tied up in retirement accounts (combination Roth and tax-deferred), a little taxable and primary residence. Fairly uncomplicated.

Anonymous wrote:

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

No, nor am I reducing my home’s value for capital gains.

Anonymous wrote:All these NW numbers - u guys reducing the 401ks/IRAs for tax?

In our case they are all Roth, except the employer match on the 401k.

Having a financial advisor is like having a third person in the marriage, and for us this is a good thing. It keeps us from making impulsive large purchases. And any "bad news" they are the messenger, not one of us. Good for the marriage, very good.