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Will markets jump upwards the day Putin dies?
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After figuring out FI/RE I am less motivated.
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My father passed away last week. I had wills written up for him, he has a small c corp, and we don’t live in a community property state. Mom’s still with us, fortunately.
Besides informing social security, filing a life insurance claim, getting a death certificate, flagging his credit card, and starting the probate process, is there anything else I need to do immediately (in a financial/regulatory sense)?
I’ve been following the guide here: https://www.reddit.com/r/personalfinance/wiki/death_of_loved_one/ but others guidance is always appreciated.
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Reconsider your allocations right now. IBonds are time expensive since you can only do 10k and you missed this whole year of interest. Penalties if redeemed early.
Do you have an advisor? These are the kinds of questions I answer for my clients instead of them relying on random people who may or may not have licenses and expertise on the subject.
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For iBonds if you get it in before November you still get the 9% for 6 months. Also it's not a penalty you just don't get the last 3 months of interest
As long as you have a strong emergency fund already, no need to keep it in cash. Just keep investing it as you don’t know when the bottom is. (For instance maybe it was last Friday and we’ll never reach that bottom again)
Rainy day fund —> Keep funding retirement —> Keep funding brokerages
Though timing the market is generally frowned upon, keeping more liquid during a downturn can open you up to opportunities. Personally, I’d keep some more cash on hand.
Bowl Leader
Isn't that the truth. More often than not earlier the better but this is one of those years.
Emergency fund is good, but don’t go conservative overall.
Timing the market is mostly a fools errand & if you didn’t sell equity when S&P was 4500+ then you have no special skill.
I bonds are great if you are ok with not pulling it out in less than 5 years. Anytime between year 1 and year 5, you’ll pay a 3 month interest penalty. Can’t pull it out in less than a year.
You can also see the last 30 years interest rates on there. It’ll help hedge you against inflation losses.
I would also second increasing your emergency on hand cash supplies.
Emergency fund worth 6mos
Cash out refinancing
Take out personal loans in anticipation
Put everything above into GME and short American Airlines because they suck.
You save close to $100k a year and you’re worried? What are your expenses like?
I’m worried about allocation - not that we’ll lose our jobs or not have enough $. Expenses aren’t that bad - around ~$6K/month all in, (which is why we’re able to invest so much). We’re going to bolster our emergency fund for now!