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If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
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anyone gonna buy any calls before market close?
How much discretionary cash do you keep around?
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Thoughts on Jumia stock?
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GME and AMC are not doing well today 😂
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If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
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Realistically it is enough to comfortably live anywhere since it is significantly higher than the median income. Depends on what you mean by comfortable. Certainly much more comfortable than 200k in SF and NY.
Depends on what makes you "comfortable"
Depends on the neighborhood you’re looking at, but yes that’s a good range to be in
Dallas is pretty cheap. If you live in the surrounding suburb cities, even cheaper and more comfy.
Also doesn’t texas not have state income tax? That’s big. Unfortunately still need to pay the feds
@PwC1 partially true, but it’s also hard to assume tax profiles. When you’re in a position to be paying property taxes, that means you are potentially deducting property taxes and mortgage interest so your property tax amount may not be equal to what you pay.
I live in one of the yuppie areas right downtown. 200 is plenty.
Rising Star
Yes should be as long as you don’t have a lot of kids
Dallas? Yes
Park cities? No
No kids? 100% Yes. Texas isn’t NY or Cali.
W/kids - still not bad.
Absolutely fine. Do the math backwards;
200 k at 20% effective tax rate is 160k. Another 20k got 401k and Medical insurance? So 140k. That is just shy of 12k a month. You can easily live a good life even with kids at 7 k a month. Rest 5 k is savings which is a great target to be at. Bonus is additional.
Rising Star
First effective tax rate of 20% is a little low considering 7% for FICA. Second $20k is 401k alone and doesn’t cover medical plus funding HSA. $7k per month of spending is probably accurate depending on mortgage/rent and kid-related expenses.
Definitely enough but depends on what your idea of comfort is. For reference as a single person who lives in uptown dallas, I spend about $50-55k annually on housing (70% of my spend due to high prop taxes and hoa), eating out alot, utilities, entertainment, travel, etc. I live a pretty comfortable life in my opinion. Though i could save even more if i lived in the suburbs. My brother spends around $10k/month in Houston for his family of 3 (not including mortgage or car loans) to live his level of comfort. (Eating nice places, activities for his daughter, travel, electronics, etc).
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We lived comfortably on 60k in Houston TX in 2017. Current HHI of 300 ( with a kid) and still keep our expenses well below half our income