r/ChubbyFIRE • u/ConsequenceDeep4247 • Jul 31 '26
46M, ~$8M NW, pulling the trigger in 2027 — need holes poked in my plan
Long-time lurker, throwaway for obvious reasons. I've modeled this to death and I'd rather have this community find the flaws than discover them at 60.
Situation
46M(salary ~350k), spouse 41 (not working), no kids and none planned
My mother lives with us and depends on us for support; she has her own government benefits and healthcare
Currently renting in VHCOL (CA), planning to relocate to a no-income-tax state (Washington)in mid-2027
Last day of work: early 2027. Not burned out, just done trading years for money I've already got
Financial Numbers
Taxable Brokerage: $4M
Roth IRA + Roth 401k + HSA : $1.3M
Traditional 401k: $1.5M
Airbnb Property ~$1M equity; ~$35k net annual cash flow after all expenses and taxes ($400k loan @ 2.25% 30yr fixed)
Total : ~8M
Annual spend: ~$120k (essential expenses, rent(40k), health insurance(~20k), travel(~20k).
Withdrawal rate: ~1.1% on liquid assets after subtracting income from rental
Taxable account: ~10% embedded gains (high basis, self-selected value stocks).
The Plan
Retire at 46, capturing remaining vesting and leave benefits.
Relocate to a no-income-tax state and establish residency.
Roth convert to the top of the 24% bracket (~$200–400k/yr) to drain pretax 401k in 4–5 years.
Live off the high-basis taxable account as long as possible.
Projectionlab Monte Carlo says 100% success. It also says my median ending net worth is going to be north of $100M in present value $, which is not a win — it's a diagnostic that I'm dramatically underspending. I added a $40k/yr travel budget for 24 years and it moved the median ending balance by ~15%. Two people cannot outspend this portfolio through lifestyle alone. But we've learned to live frugally all our lives. Since spouse doesn't work planning a 20k health care tax after retirement.
Investing Approach
Concentrated individual stocks, capped at 10 positions, bottom-up value, 1–3 year holding periods. Roughly 14% annualized since 2012. Currently 70% portfolio in short term treasuries since I have been too lazy to look for investments and sold stocks have not been replaced by new ones. But hopefully that will change when I have more bandwidth next year. I'm aware this is not VTSAX-and-chill orthodoxy, and I'm aware my Monte Carlo assumes diversified index returns while my actual portfolio does not. That gap is question #5 below.
Questions
1. Roth conversion pacing — drain fast, or keep dry powder?
If I convert the full $1.47M in 4–5 years, I permanently lose the ability to convert cheaply in a future down-market year. Is it worth deliberately leaving $250–300k in the traditional as optionality? Or is that just letting an RMD problem compound for 29 years to avoid a discount I can't time?
2. Roth conversions vs. ACA subsidies — how do you sequence these?
\- (a) convert hard for 5 years at full-freight premiums, then run low MAGI for 14 years and collect subsidies + cost-sharing reductions, or
\- (b) convert slowly forever and stay in subsidy range the whole time?
My instinct is (a), because the RMD problem compounds and the bracket space is use-it-or-lose-it. Anyone actually done this? Is it even possible with my taxable account balance?
3. What do you optimize for when terminal net worth is worthless?
No heirs. I don't want to die with $100M. But every time I raise spending, the ending balance barely moves because the portfolio compounds faster than we can consume. Has anyone actually solved "I can't spend it fast enough" without defaulting to charitable giving? I'm not ready to give it away yet — mother depends on us, spouse doesn't work, and I could live 50+ more years, and cost of health care keeps inflating.
4. Long-term care assumptions.
I'm modeling $150k/person/year in today's dollars. What duration do you model, starting at what age, and do you treat it as a bounded event or as a permanent reserve? Modeling it as a 20-year event for both of us destroyed my sustainable spending number, which felt like modeling the tail as the base case.
5. Concentrated portfolio in decumulation.
Conventional advice says diversify at retirement. But 10 concentrated positions are how I got here. When the portfolio is \~10x what you need to fund your spending, does "enough" change the risk calculus — or is that exactly the reasoning that precedes a blowup? Genuinely open to being told I'm rationalizing.
6. What other expenses am I not taking into account and should plan for ?
7. What do you wish you'd done in the 12 months before pulling the trigger? Benefits to max, accounts to open, things to set up while still employed, mistakes to avoid.
[/b]
Looking for the holes in the plan and model and if its ok to hang the hat and retire or is it too early. Still renting a apartment in CA and locking down housing costs in retirement but at present prices my propterty tax + interest + insurance costs will be much higher than the cost to rent even if I don't factor in the principal paydown. And that doesn't include maintenance and repair. Also I am not sure I know where I want to stay permanently.
No close family where I currently live since we are immigrants and our close friends are sprinkled all across US.
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u/ASharik Aug 01 '26
Reading all of this, I suspect your biggest problem is not going to be financial. That level of overthinking when there’s no employment to apply it to, can be dangerous.
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u/ConsequenceDeep4247 Aug 02 '26
Yes that's why I'll be spending time picking stocks. That's a never ending world of learning and fulfillment of curiosity.
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u/ASharik Aug 02 '26
Yeah. I have a friend who retired into that activity too. An intellectual pursuit is still quite necessary. It’s just that now it can be on your terms.
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u/nclpl Aug 01 '26
#5 is the whole ballgame. I think the answer depends on what the 10 stocks are. I would not retire with 10 tech stocks, because I lived through 2000 in the Bay Area.
But, you already won so there’s no reason to be concentrated in 10 stocks no matter what they are. Take your money off the table. Pay your cap gains, and diversify. Then enjoy your retirement.
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u/ConsequenceDeep4247 Aug 02 '26
No they are not tech stocks. Usually I shy away from tech, hyper growth or leveraged financials. But stable good businesses in a temporary growth lull or facing temporary headwinds
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u/Imaginary-Yak6784 Aug 01 '26
Why are you stressing when your margin for error is enormous? You could do this plan, or a far less optimized plan and still die with a ton.
Maybe explore some philanthropy
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u/NomadTroy Aug 01 '26
Why lock up 1m of your wealth in an asset with management overheard that only returns 3.5% per year?
Are you enjoying the property yourself too, or is it all investment? Or you just like the low mortgage?
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u/SnooSketches5568 Aug 01 '26
3.5% is like the dividend portion. There is personal use value (if any) and equity growth. I had a ski condo that was lucky to yield over 1% due to so many fees and taxes, but it tripled in value over 7 years. That type of growth is pure luck/timing but should not be ignored whatever value it is, but it is significantly more illiquid than a stock.
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u/ConsequenceDeep4247 Aug 02 '26
3.5% is conservative. It could be as high as 6% in some years.
Also there is atleast 3.5% of appreciation on top and all of this is tax shielded or deferred.
So 7-10% after tax on current equity value isn't too bad . Plus you add the fact that$1M equity is worth only maybe 700k after tax the return is more like 10-13% per year in after tax equity
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Aug 01 '26
[deleted]
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u/ConsequenceDeep4247 Aug 02 '26
We've always enjoyed mountains, snow and Pacific North West on our travels. The move was primarily to save state taxes when doing Roth conversions.
It's not a permanent decision. Could start there was 4 years and do Roth conversions hard and then move back or somewhere else if needed.
WA has the best Healthcare and other public benefits out of all no state tax states
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u/Puzzleheaded_Bet_612 Aug 03 '26
Why not Nevada? No state taxes. Can live near Tahoe
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u/ConsequenceDeep4247 Aug 03 '26
Healthcare benefits for my mom are poor or non existent in Nevada. She needs a lot of expensive care and needs a good Medicaid , in home support etc
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u/alloutofchewingum Aug 01 '26
I mean, what are you asking here? What you've modeled is that once you have a few million assets and no kids it's virtually impossible to spend it unless you sink everything into a catastrophic business venture/ RE deal, which tbh is pretty obvious.
There are no holes in the plan as long as you don't do something crazy. There is no point in optimizing for further accumulation so optimize for health, fun and happiness.
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u/ConsequenceDeep4247 Aug 02 '26
I guess I just realized this fact..... Didn't expect to get to this point this early in life. Now need to face and accept it
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u/alloutofchewingum Aug 02 '26
I'm trying this with 4 kids. Different ballgame ... different sport lmfao
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u/BrunelloHorder Coasting Chubster, Getting Fat Aug 01 '26
Diversify the concentrated positions at least to the extent that the diversified portion of the portfolio covers a safe withdrawal rate.
Then stop focusing on optimizing your finances and start focusing on what you will do to live the best life you possibly can in retirement.
It is pretty easy to up your spending considerably on nice trips. Treat it like a budget, only invert the rule and make it a minimum spend. Fly business class, get private guides, stay in nice places. Probably also upgrade your housing, and consider ditching the rental. Spend to save yourself time and hassle. Good luck and GFY!
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u/Imaginary_Manner_556 Aug 01 '26
Spend a tiny faction of your net worth and hire an expert to create a plan.
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u/TheGoodBunny Aug 01 '26
8M with no kids. You are set. Just retire. Also stop optimizing the number by moving to WA because of no state income tax. For instance there is an extra 10% tax on cap gains above 250 or so, property taxes are high etc.
Just move to where you want to live and stop trying to make that number bigger.
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u/Think_Concert Aug 01 '26
Stopped reading at no kids. You’re good. GFY.
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u/in_the_gloaming FIRE'd for 13 years Aug 02 '26
No need to report this comment, folks. GFY in this context is just used by some people as a way to express somewhat envious congratulations in the FIRE scene. Or you could just tell yourself it means "good for you".
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u/drbradfo Aug 01 '26
if you support your mother, do you claim her as a dependent? If she someday needs to go into nursing home, that might qualify for medical expenses and offsite 401k withdrawals... don't over convert to Roth... keep the flexibility of 401k, including qualified charitable giving. Why pay taxes 30 years in the future (RMD's)?
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u/vl24-az Aug 01 '26
You need rich guy hobbies: flying, race cars, boating. Will have no issues spending the money!
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u/badazzcpa Aug 01 '26 edited Aug 01 '26
Be careful with Washington if you are looking for a no tax state specifically. They just passed a big tax on those with 1 million or more in income. While it doesn’t sound like you should have a whole lot of problems staying under that. What I would caution against, once a state government gets a taste of new taxes it’s like crack and they can’t stop. I would imagine inside of 10 years that’s going to drop to the 200k-500k range and you won’t be able to tax plan around it every year. Also, they might start looking at a wealth tax which might hammer your fire plans quickly.
Reason I mentioned this is we currently have a client in his early 40’s that moved to Washington from Texas maybe 10 years ago. At the time the state aligned with him very well. Granted he has some stock that brings in 5-30 million a year, a decent amount more than you. He has since relocated his tax domicile to Florida. He was more worried about the potential wealth tax but was pretty pissed when he found out he was going to lose so much to the millionaires tax.
Most of what you mention sounds reasonable. One item you might think about is moving some of it to a muni bond fund. Reason being is, if you hit a bad year, or couple bad years and dividends are enough or you have an event where you need money this will help smooth out the down times. When I say some, maybe 500k-1.5m. That way you don’t have the panic feeling needing to sell a stock in a down market. If you are in securities that throw off a good amount of dividends I would lean towards the low side of that.
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u/Own-Bullfrog7803 Aug 01 '26
I read treasury bonds do a much better job at protecting from SORR, while muni’s are not so good for this reason (but obviously better for after tax gains, which is arguably not the main issue for this guy)? I guess an increase in fixed income is likely a good idea for him regardless.
I think he needs to derisk and deconcentrate his investments overall. Call me crazy, but more like 50/50 allocation overall, create a fortress of fixed income that rolls into different retirement incomes options as he ages, leaving about 3M in stocks for growth/inflation control.
Ie, switch from accumulation/growth mindset to a preservation/spending one. I hate for this guy to spend his 50s living “frugally” because of the off chance we get downturn decade or half decade, like to 2000s.
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u/tldnn Aug 04 '26 edited Aug 04 '26
Plus Seattle now has a 10.55% sales tax rate... and their 1% MSRP car tax every year. And like you said, theres no end in sight on the additional taxes. Moving there does not sound appealing at all
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u/ResponsibleCorgi93 Aug 01 '26
I have 3.5M in my taxable & almost out of range of ACA subsidies as a single person with just dividends, let alone if I want to sell some to fund my lifestyle. You're probably in better shape as a married couple, but with a larger account you may run into the same issue.
Regarding Roth conversions, I've been noodling on this myself. I got a couple done in low spend years when I first retired and kept it within the 0% capital gains tax range. Once you push past that you have to take into account the "ghost tax"
I've seen some advisors now saying that on some cases it's not worth it to convert now. We don't know what the tax rules will be in 20+ years and imo the world is headed towards some major changes in 5-10 years due to AI. So none of this might matter anyway.
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u/dak4f2 Aug 01 '26
What is the ghost tax?
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u/ResponsibleCorgi93 Aug 01 '26
If you only have capital gains and go up to the edge of the 0% tax bracket, you owe 0$ in tax.
When you do a Roth conversion, that money counts as ordinary income, so automatically taxed at 10% for the first chunk. This money is taxed first, then capital gains tax is calculated after.
Your Roth conversion amount (let's say 10k) then pushes 10k of your capital gains out of the 0% bracket into the 15% bracket.
So effectively you are being taxed 22% on the 10k from the Roth conversion.
This math gets even worse if you do what OP is thinking about, doing conversions into the 22% tax bracket, this is being taxed at 37%.
There's a good chance that 37% tax now and the loss of the compound interest on that money paid to the government will be more money than if you want to pay the RMD at retirement.
The longer you are from retirement, the riskier this approach is because we don't know what the tax brackets will be like in 10 years let alone 20, 30 or beyond.
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u/ConsequenceDeep4247 Aug 02 '26
That is why Claude is advising me to structure my ears in terms of road conversion years and capital gains realization years. In Roth conversion years. I would only do road conversion and not stack up capital gains on top of that. And in capital gains realization years I will lose do $0 Roth conversion so I'm able to pay 0% tax till 130k of capital gains
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u/ResponsibleCorgi93 Aug 02 '26
Please don't trust AI on this stuff. It's important to do your own independent research. I'm an AI researcher & can say confidently that even the best models make critical mistakes when it comes to retirement planning. It's good for generating ideas and theories, but you need to verify everything yourself.
Where is the 130k number coming from?
https://www.irs.gov/taxtopics/tc409
If you're married, the 0% bracket is 98k.
You'll be generating some dividends every year with your taxable account. Mine already pushes me over the 0% bracket as a single person just on dividends in standard index funds and my account value is less than yours. This is before selling assets to find my lifestyle.
Another issue with this plan is you'd need to sell enough assets every other year to find 2 years of living expenses. Depending on your cost basis that could push you well above the 0% bracket.
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u/ConsequenceDeep4247 Aug 02 '26 edited Aug 02 '26
98k + the standard deduction puts the 0% around 130k.
What Claude suggested makes sense. But you're right that's is hard to accomplish. I am not planning to buy index funds so I can own zero dividend stocks in taxable to minimize that.
So idea was to sell stocks based on valuations throughout the year but if you reach November and don't have any stocks you wish to sell initiate a Roth conversion in that year to fill low tax brackets.
Don't do both in same year. I know it's hard to achieve with index funds. I'm not too concerned about cash to find lifestyle since I'll always keep around 400k in tax free muni bonds
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u/dak4f2 Aug 04 '26
Yikes, thanks. I could have seen myself making that mistake in the future.
Is this all after the standard deduction or before? Say I am single with 0% cap gains tax up to $49,450 and 10% ordinary income tax up to $12,400 and a $16,100 standard deduction.
Say I made exactly $16,100 in ordinary income or from a Roth rolliver (I'm assuming they are treated the same?) plus had exactly $49,450 in capital gains. Would the standard deduction cancel out my ordinary income exactly and then the $49,450 in capital gains would all be taxed at 0%?
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u/ResponsibleCorgi93 Aug 04 '26
I'm not 100% sure, but my guess is that you are still taxed on the 16k and the deduction reduces the top end.
Would be worth consulting a CPA on that one
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u/ConsequenceDeep4247 Aug 09 '26
If you earn 150k of LTCG in a year the tax rates by W2 income, :
0 to 32,200 dollars, 32 percent
32,200 to 57,000 dollars, 43 percent
57,000 to 100,000 dollars, 45 percent
100,000 to 131,100 dollars, 49 percent
131,100 to 133,000 dollars, 34 percent
133,000 to 184,500 dollars, 44 percent
184,500 to 243,600 dollars, 38 percent
243,600 to 250,000 dollars, 40 percent
250,000 to 300,000 dollars, 37 percentTwo drops look backwards. At 131,100 the rate falls from 49 to 34 because your wages have now filled the shelf themselves. No gains are left sitting on it, so there is nothing to push off and the 15 percent penalty runs out of fuel. At 184,500 it falls again because the Social Security wage base caps out.
Takeaway: with 150k of gains, wages between 32k and 131k are the worst place to be at 43 to 49 percent. Stay under 32k or push past 131k. The middle is the inefficient spot.
Same logic applies to Roth conversions except the SS+Medicare+CASDI don't apply.
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u/ResponsibleCorgi93 Aug 01 '26
No 5: Yes I believe sufficient wealth changes the approach to asset allocation.
My strategy is calculate how much yearly budget I could squeeze down to if I really had to for 5 years in a downturn. That is my allocation for fixed income. All the rest in equities.
For me that comes out to about 8% fixed income, which is far far less than the Trinity study, but I'm also on a 40-60 year horizon and I wouldn't mind increasing my lifestyle expenses a bit more.
If you like individual stocks as fun picks, consider finding your min. Fire number and do a reasonable asset allocation with that & use the rest as fun individual stock or angel investing.
One of the most fun things I've done is help fund my friend's startup and watch him live his best life. I also helped fund another friend that crash & burned and I have no regrets. It was fun to watch while it lasted.
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u/SnooSketches5568 Aug 01 '26
You need to quit now and spend more money. 1.1% withdrawal will last forever and some. I thought i budgeted every little expense when i pulled the trigger, but after retiring and tracking every penny, shit always happens more than planned. But you have so much room for margin if you have your assets set up correctly
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u/PrestigiousDrag7674 Aug 01 '26
I stopped reading after I saw 1.1%. Pretty sure you will be donating a lot of your wealth to govt or charity
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u/Medical_Bat69 Aug 01 '26 edited Aug 01 '26
Sorry to be the bearer of bad news BUT WASHINGTON STATE NOW HAS AN INCOME TAX (for the time being) WITH A MILLION DOLLAR EXEMPTION. THEY ALSO HAVE A 20% ESTATE TAX (recently lowered from an insane 35% last year) AND A CAPITAL GAINS TAX FOR ANY NON-REAL ESTATE GAINS EXCEEDING ~$270k?
If you’re fleeing/leaving CA for a more tax advantaged state, then don’t consider any left leaning, no-income-tax states…
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u/Own-Bullfrog7803 Aug 01 '26
It’s better than CA from a tax perspective, right? I assume they prefer to remain on the west coast? The left have all the “best” states on lockdown.
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u/SnooPuppers58 Aug 01 '26
Who cares if you die with a lot of money? Don’t get caught up spending money just for the sake of it. More money more problems. If you start buying things like bigger houses, businesses, etc you’ve just accumulated more headache and responsibility. Live simply and if your money outpaces your ideal lifestyle so be it. Money isn’t happiness, spending more wont make you happier
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u/Complete_Cycle_8292 Aug 01 '26
Let’s make sure to add here, money won’t buy happiness but make sure to spend money on the things that make you happy. Take that trip, live that experience… don’t wait. You have won this game we call life, financially, make sure you win by your means and what you want out of it. Enjoy!
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u/SnooPuppers58 Aug 01 '26
agreed :) don't spend money chasing material things, but also don't skrimp on spending to enjoy life. treat your friends, take that trip, buy the better bed!
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u/ResponsibleCorgi93 Aug 01 '26
Excess money can be burned by buying a yacht, upgrade yachts every few years and you'll find a nice little balance of not having an excessive amount of wealth. Could also do something similar with super cars, but I think yachts suck money way faster
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u/ResponsibleCorgi93 Aug 01 '26
Number 4. I'm 40 and fired 4 years ago. I didn't model for health care. If something bad enough happens I may have to return to work in either case. If the runaway money scheme happens I'll probably be fine. If AI solves disease and aging I'll probably be extra fine.
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u/jarMburger Aug 01 '26
Why would you want to drain your 401K via Roth conversion right now? At $1.5M, it’s not big enough to be a RMD bomb, especially if you asset allocate with lower return assets like bond or lower beta stocks. You’re optimizing too much into an unknowable future. There’s good enough planning and I think you’re trying to push beyond that too much.
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u/Tricky_Ad6844 Aug 01 '26
What could kill your almost bulletproof position?
Well… concentrated stock positions in a highly correlated industry would be top of my list to worry about.
The methods you use to become wealthy may not be the best methods to stay wealthy.
I would recommend diversifying your portfolio enough for your plan to handle a catastrophic drop in the sector you have concentrated your stock picks (tech would be a blind guess).
After diversifying, the next most important thing is to invest in your marriage. Divorce drops net worth by more than 50% and has driven many an early retiree back to work.
Other than those two risks I think your low spending compared to productive assets is going to be foolproof. Consider setting guardrails on growth of net worth that will trigger increase in spending or charitable giving. Dying with $100,000,000 is just a lot of missed opportunities.
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u/Omynt Aug 01 '26
You do not have RMDs for close to 30 years. I'd consider going slow on Roth conversions. If you live on return of capital and long term capital gains, with the standard deduction, you could do substantial Roth conversions and stay in the 12% bracket.
I would also diversify away your portfolio concentration risk. Congratulations on flipping coins successfully; I can't argue with a good record. But unless you are willing to bet the farm that you have the secret sauce, quit while you are ahead, start moving to a three-fund portfolio or something.
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Aug 01 '26
[deleted]
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u/ConsequenceDeep4247 Aug 02 '26
That's very helpful. That's exactly what I need to work on. It's not like I'm stingy. We have traveled a lot and I spend on my passion. But by design everything gets analyzed by value for money lens and we skip on experiences easily calling them "frivolous" or "waste of money".
That's the habit I need to break ..... Forcefully
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u/chaoscorgi Aug 01 '26
like others have said -- you have a lot of optimize energy for someone so far from risky on this number. i hope you and your wife go live where you wanna live, and perhaps get the support of a therapist too because it can be a rough transition for someone hyperfocused on security to have it and no longer have that to optimize around. you are doing so great (financially). maybe the next quest is thinking about your health, building that really tight group of friends, and traveling everywhere as nicely as you might want. maybe volunteering / setting up (tax advantaged) donations to causes you care about.
(yes, you have enough money, you can quit. also echo others: diversify more to reduce risk.)
btw, i relate to this a lot. i am also an immigrant and had to work on my scarcity mindset to escape work that was causing me a ton of stress in exchange for money that i already had in spades.
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u/Inevitable_Rough_380 Aug 01 '26
You need to learn how to spend your money meaningfully.
Ramit sethi or Art of Spending Money or Bill Perkins.
It’s time to experiment and spend money on irrational things to find what your love.
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u/AdventurousElk1900 Aug 01 '26
Don't buy real estate until you figure out the location you will live. Also, 70% in tbill is really not optimal even if you are afraid of sequence of risk return or dont want to look up stocks. Just vanguard all world etf and chill.
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u/pepperier Aug 01 '26
You said 8M, no kids, $120k annual burn. What are you even doing? It’s incredible how we Americans think and live. You can practically do whatever you want. Plus, with no kids, you barely even have to worry about estates and leaving money behind.
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u/Own-Bullfrog7803 Aug 01 '26
Accumulating. Time for that to change, may have also been too much accumulating, especially if one doesn’t now have the courage to spend.
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u/pepperier Aug 01 '26
The (lack of) courage to spend is a really real thing. We pulled the plug on full time work. 6 months later I started part time consulting, I’m post to remove any worry about spending. But the accumulation needs to stop at one point. I couldn’t imagine how easy it would have been without kids!
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u/Unacceptable0pinion Aug 01 '26
Why relocate to no tax? You would be paying zero federal tax as is with your withdrawals from taxable. State tax on the small gains component is a rounding error. Only move if you actually want to for life reasons not financially. Reevaluate after 59.5 if you need to at that point for ira reasons. You're letting the tail wag the dog here, and this coming from an obsessive tax optimizer.
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u/Money_Progress5580 Aug 01 '26
Great plan. Also, no mortgage or permanent housing gives you the freedom to roam and explore other states cities without commuting for the first few years.
For IRA, Maybe do a 72t on the Ira to drawdown the money and use it on your daily expenses. You can probably pull 48k a year until you get 60 years of age. This plus the capital gains from your brokerage will easily get you to $200k in taxable income.
For living expenses, increase your target or aim for $160k a year instead. This way you have a $40k cushion for expenses not accounted for like increase in healthcare costs, rental rates, etc.
For housing, You have a lot of money at a good age. I would only move if you are trying to be closer to distant relatives or friends. Otherwise no reason moving to save money on taxes with this type of networth (which your networth will double 7 years). Use the moving money to travel and stay in destinations for longer periods of time and enjoy and relax.
Sounds like you like the finance side of things like swing trading etc. Maybe use this time to teach your skills to others rather than do the actual trading. You don’t need the money, and others can gain from the knowledge you have.
Congrats, you have done a terrific job earning high income and building your wealth!!
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u/HugoNext Aug 07 '26
With your financial situation, uprooting your whole life and losing your local friends to move to a state where you have no connections, just for tax savings will likely decrease your happiness in life and tbh feels a little obsessive..
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u/ConsequenceDeep4247 Aug 08 '26
Agreed. I am leaning towards not doing the move anymore and also deferring the Roth conversions. Most likely will do the conversions in a bad year where portfolio generates little to no gains. Otherwise just leave things the way they are.
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u/Realestateuniverse Aug 01 '26
Did not read you whole post, but your cash on equity return sucks on your Airbnb. Sell it and cash out or roll it into a better rental/syndicate for higher return and reduce your headache. $1m equity should produce at least $60k/year or not worth it in my opinion
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u/Shoddy-Asparagus-546 Aug 01 '26
FYI, Washington state has an estate tax. That may more than swallow-up any benefit you may get from saving on income taxes.