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@ctct123 Great idea! I posted over there on the daily discussion.

@eddified I think you just answered your question AND showed how deceiving any kind of payment plan is. Kudos to you.

@kitty123 Just my wife gets hers cut a couple times a year, I cut my own hair and have since college. We cut our kids’ hair. We watched some YouTube videos and have actually gotten pretty good!

2023 Finances Here's a link to our finances

@phil4508 Thanks so much, yeah - great feedback! I debated a while on phone stuff. One small thing I like to splurge on is a nice phone with a good camera for my wife and I because we take so many pictures of our kids and I want to have the best quality I can without lugging around a full sized...

Early 30's, single income, 2 Parents, 3 kids under 5y/o, HCOL. In for some crowdsourced financial feedback from my peers. Looking for possible improvement/blindspots. Link to 2023 Finances Roth IRA 525k 401k 100k HYSA/Cash 35k HSA 12k 529 7k Home 850k market value with 460k left on...

@smultronst%C3%A4llet That makes a lot of sense, thanks 😊

@tara5509 Yea, I see people call out high charitable giving, simply put - we feel like we have been really fortunate and so we want to be generous.

@phil4508 Totally agree, I'm shooting for 50/50. I tend to lean towards the Roth camp but having income up to 90k only taxed at 10-12% (yes, I think this will go up but even at 15% effective it's not bad) would be great. Having more pretax would also give me buffer to let the Roth grow tax free...

@m21820 I agree 100% and have come more around to this way of thinking. Right now our Roth to 401k contributions are 1:3.

@resjudicata Basically if you own a business and hire your child as an employee and (for example) in 2023 report that the child made $6000, they can have a Roth contribution up to the amount of their income. So you can open and put money into your children’s Roth IRAs at a young age. The benefit...

@crt1990 $160k ish by 20y/o

@crt1990 Young, 5 or 6.

@resjudicata This is where I draw the line at what I know and don't know. She cleaned the office most weekday nights after school for multiple years, so, I'd say if you paid someone else to do the work then she was paid fairly - but this is a better question for a CPA. I think this gets into the...

We know we are an incredibly lucky position, and I tell him frequently how grateful I am for his foresight and generosity.

@boss121 Absolutely

@resjudicata Wife’s dad was a financial guru and put money in a Roth when she was little, hiring her in his business to do janitorial work.

Early 30's, single income, 2 Parents, 3 kids under 5y/o, HCOL. In for some crowdsourced financial feedback from my peers. Looking for possible improvement/blindspots. 2023 Finances Roth IRA 525k 401k 100k HYSA/Cash 35k HSA 12k 529 7k Home 850k market value with 460k left on mortgage...