How big of a baller are you?

[brianmanahan]

Thankfully I'm at the point where I'm good on retirement savings - and I can finally start investing after-tax money instead of just before-tax retirement.

cool, you got a plan that lets you do mega backdoor?

 

[ponyo]

 

[OccamsToothbrush]

And Jordan has no interest in selling his soul to advertisers and marketers like Shaq.

Sure, because Michael passionately believes in the life-improving properties of Hanes underwear and Chevrolet. Ever see Michael driving a freaking Malibu?

 

[Red Squirrel]

I don’t know about that but with as big a hassle as traveling via commercial airlines is having your own private jet would be a godsend. You would need well more than 1 million dollars to make that happen though.

Honestly I'd be willing to settle for a super nice RV, better for the environment. Then again those can easily hit over a million too. Basically buy a Prevost coach bus and convert it.

 

[snoopy7548]

If I received one million dollars, I would perform coitus with two females simultaneously.

 

[s0me0nesmind1]

cool, you got a plan that lets you do mega backdoor?

I do - but sadly some spending is starting to take over that is taking a lot of my extra funds. I don't yet have enough extra to make the Mega backdoor worth the process yet, I just put an extra $200 or so into after-tax brokerage right now in addition to maxing out retirement (2x 401ks, 2x ROTH IRAs + HSA)

We moved recently to a new home that was ~3x more expensive than our starter home.
Had our 2nd kid so I'm shoveling money into 529s every month for them for college savings.
Next up is going to be a new car, because the amount of shit you have to bring when taking kids places is ridiculous.... Soo.... time for that SUV.
Also since moving there is just a lot of upgrades needed, new rooms to fill with stuff, etc...

I'm in the process of refinancing our home from the 15 year to a 30 year, because I just don't like forcefully having to do these large payments every month. During times like these when there is an economic downturn is when I want to have the ability to pay minimum on everything and just shovel shit tons into investment. Even though I'm going from a 15 year to a 30 year, I'll STILL have a 0.3% lower interest rate.

I'll see where we are at in another year or two before I pursue the Mega Backdoor.