Personal Finance (Not Investing) • Re: Is $4M enough?, age:40, valedictorian to burnout and outdated, can I retire? Nice story inside.

Sharing an update:

Housing:
At peak of market in Jan, felt little bit wealthy and bought a house for about $900k
Took 15 year mortgage as a trade off compared to 30 year for a lower interest rate. 6% for 15 year VS 6.65% for 30 year.
Another took out margin(at about 4.7%) for making the downpayment as I didn't want to pay capital gains tax only to see a lot of gains eroded as of today.

Employment:
Lucky for me I was comparing myself to a golden boy, otherwise I seem to be relatively on par with rest others on the team in terms of performance.
For now the mantra is to keep doing the best I can while the good situation lasts and not to beat myself up.

Cashflow:
All earnings go to tax advantaged accounts first like 401k, IRA, etc. After maxing it all out any additional savings go towards mortgage payoff. Continue to keep margin as it is at a lower rate than mortgage.
If ever there is a good uptick in the market, next time, will not hesitate(hopefully) to pay capital gains tax and pay off margin.

Thank you for your time

If you don't mind me asking - where did you get margin at such a low rate (4.7%)?

Statistics: Posted by sharukh — Tue Mar 11, 2025 4:29 am