Author Topic: Should I be doing anything differently?  (Read 478 times)


  • 5 O'Clock Shadow
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  • Posts: 24
Should I be doing anything differently?
« on: January 03, 2022, 01:37:59 PM »
This group has been so helpful in the past. I just wanted to check in for a New Year's Tune-Up:

I currently have....

  • $318k in an inherited IRA that I've put solely in FXAIX from the very conservative investment it was in when I received it. (Since I did that it's earned $75,000 in the last year which is insane to me. I assume this isn't normal)
  • $30,000 in a regular investment account in VWUSX
  • As far as retirement accounts that I've built myself (I'm self-employed and I can't increase how much I put into my 401k because I can't put significantly into it than my employees do.) there's not much, just about $3,000.
  • About $60,000 cash as an emergency fund that I feel really stupid for having in cash when I could have earned a lot on that in the stock market. I've had that much cash on hand for like 6-8 years. Because I'm self-employed I feel like I need to keep that much cash on hand but I haven't had to dip into it really, even during COVID.

I owe $200,000 on my home at 2.65% and I earn $800/month in rent from the Garage Apartment so it's very affordable for us to live there.

The only other thing I could think of is to max out a Roth and Traditional IRA each year.

I will likely inherit about 2-3 rental properties from my mother. Additionally I'm building a short-term beach rental property that is projected to earn $100,000/year if it ever actually is built.

What else should I be doing to protect money from taxes and/or improve my investment return?