I think you're just fishing for information.
On March 4, 2012
Would like to know how much you guys are saving as a percentage of your gross income .
Please state your gross income and what % you are saving . This would include saving in bank accounts, IRA , 401K , Edu Accounts , 529 , brokerage accounts , $ under the mattress .
On September 22, 2012
What is your household income ?
Just curious .
On November 4, 2012
It would be good to tell me what mutual funds / indexes / stocks / bonds you have in your 401K portfolio and what % of portfolio each comprises , what your age , and how many years until retirement .
So tell me, is your current real estate currently held in a solo 401(k)? If not, you're going to have a hard time transferring the value of your assets to a 401(k). After all, the gains from the sale of assets not held in a 401(k) would be considered capital gains, not income. So that money, if not already held in a 401(k), would not be transferable to one.
I know the following from your past posts:
- You manage 5 houses in your Dad's estate.
- You're based on the Monterey Peninsula, in California
- But you own $4M in commercial real estate in NC
- You're an MBA in Finance from NYU
- You make $134K, saving 40-50% of your gross with 6% matching,with about another $12K in business income that is likely to grow to $60K in the next couple of years
- The reason you can do this is because your living in the "family homestead " relatively rent free , paying for property taxes and upkeep on an old property
- You've lost too much of your net worth in a Ponzi scheme
- You have a consultant assigned to your account at Schwab named Joe
- On your ETF index stocks and mutual funds , you made a return of 8%-10 %; on your stocks you lost money. You lost the gains that I had in the index and mutual funds. This 401K has a value of about $25K
- You're considered rolling part of your 401(K) to Lending Club
- You're 55 years old, with a projected 12 years left to grow your portfolio
Well, I know that your 401(k) isn't where your real estate holdings are, since you have an employer with matching. You must be a wizard with time, since you manage your Dad's houses, have a job with a 401(k), your own growing business and yet have also managed to amass $4M in NC commercial real estate.
You have a fascinating story but it's very hard to keep track of it. Would you like to summarize your financial picture so we know what we're dealing with?
So you have a net worth more than most of us and you have an MBA, but for some reason you think our asset allocations, which bear no relation to your own situation, would be applicable to you. I just don't buy it.