Y’all smart for real. Ty.
A lot of the dividends should be qualified anyway which get taxed as LTCG
Bogleheads hate read of the day: I own a $2 million house and have a household income of $600,000. I only save $100,000 per year! Now my wife wants to take a slight pay cut to work in academia WHAT DO I DO???
https://www.bogleheads.org/forum/viewtopic.php?f=2&t=398303&newpost=7132085
Couldn’t get a good school district for 2.0-2.2M so they had to stretch the budget to 2.8M, holy crap. And somehow they found the only housing that has gone down in value in the past few years.
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with 12K/mo in fixed housing costs assuming nothing major breaks
That thread really drives home the insanity of living in the Bay Area.
Where the hell do actual middle class people live? Where does a teacher or nurse live?
In the “Bad” School Districts.
Read: Somewhere they might actually see black people
They marry someone who works in tech who is cool with “only” saving $100k / year?
“I make $500k a year, can I afford a $1 million mortgage?
https://www.bogleheads.org/forum/viewtopic.php?f=2&t=398383&newpost=7133313
5 kids 
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And (I assume) planning to send all 5 to Catholic School.
I know that’s how it’s done in Louisiana because their public schools are an abomination but there’s your entire budget right there.
Central valley, small homes.
Also nurses make damn good money in the bay area and california generally.
I’ve got to think this is very optimistic and unrealistic.
Cost to build the home is 850-900K. My builders contract is painfully detailed and will not exceed 1-3% of the estimation.
I’m micromanaging my kids and they hate me. Why?
https://www.bogleheads.org/forum/viewtopic.php?f=2&t=398416&newpost=7136509
Is this the correct link? Because that is mostly reasonable and there is nothing in there about his kids hating him.
That person sounds like an absolutely miserable, untrusting, and unloving human being.
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I’m having a moderate panic about an IRA situation. Background is:
- I took a $100k COVID-related distribution out of my Vanguard IRA in 2020.
- In 2022, I wanted to repay the distribution, so I called Vanguard. They sent me a form, and told me to mail it in with a paper check, which I did in December.
- I was working on rolling my IRA into my 401k today, and I noticed that the balance was $100k light.
- Some frantic digging reveals that the $100k contribution was put in my wife’s TIRA rather than mine. Moreover, the account number on the form I sent in is the number for her account, not mine. My name is on the form, it’s just the wrong account number.
This is going to cost me like $50k if I can’t fix it. Is there anything I can do here?
Which is the bigger concern? That you:
- Didn’t repay the 2020 distribution in 2022, or
- That you overfunded your wife’s IRA?
the second one seems like not a problem?
No idea about the first.
Edit: Did you miss your 3 year window for repayment?
Not sure what triggers the $50k you’re talking about.