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FIRE Financial Independence Retire Early

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Live in a HCOL area and looking to purchase a home. Total HHI is 250k. How much house should we aim to purchase? We have no debt, and this would be our first home. Homes in our ideal area start aroun… more

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Deciding between $450k condo vs $750k house. Currently live in and will always live in San Diego. $260k TC. Have $100k available for down payment. Don’t want to pay rent anymore. Would you recommend h… more

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I’m 30 with $450k net worth, $214k of which is home equity. I feel behind and discouraged.

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This on this logic? He recommends buying Christmas presents now, any items you plan to stock up on or need in the short/mid term future now, etc. Not saying something drastic is imminent but global … more

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Once I hit my FI number, thinking about going back to grad school (Masters and/or PhD) with some side businesses. I love school for the sake of learning. Targeting to hit the number by 42. Am I crazy?

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Have you moved your FIRE goal once you reached it? Why? I’m getting close to mine and thinking about move it by a mil.

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If I don’t achieve FIRE it’s because...[fill in the blank]

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Just hit my first major milestone since starting FIRE and can’t share it with anyone I know. I increased my net worth 100k a year, on a 100k total salary, thanks to intensive saving and good investments and am proud of myself. I’m hoping with FIRE I can be out of the corporate rat race in just over a decade.

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Are there any real differences between the Big 4 in FDD or all the same? I know for audit they’re basically all the same

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Any good commodities ETFs or mutual funds? I like VCMDX, but has a $50k minimum.

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Will backdoor and mega backdoor conversions be eliminated soon by Congress?

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With a multi year market bill run, real estate crushing it, cryptos and startups flourishing, the number of millionaires, decamillionaire, centimillionaires and billionaires is growing rapidly. Add in… more

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Ok I went down the rabbit hole of all these CREs: fundrise, equitymultiple, yieldstreet. Anyone have experience with these? Yieldstreet looks interesting - structured notes tied to the performance of … more

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Moving to a much higher TC position in a few weeks (~130k to 350k) and want to make the most of this transition to reconfigure my existing retirement accounts for FIRE (currently 27). My current 401k … more

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United Healthcare let out a new health insurance specifically based for self-employed individuals, families, and small businesses. Essentially it cuts COBRA costs in half. It's PPO coverage with a… more

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When you FIRE, how do you earn money from your investments since many companies don’t pay dividends? Do you just sell your withdraw rate each year and spend that?

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Just sold my (paid off) house. Already have the new place. What to do with the cash? Have already maxed all tax advantages accounts

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I have 60k in the bank and have no idea what to do with it. Ik it’s a sin to have that much in an account and not making it work for me. I’m not saving for any big purchases either. I’m not too savvy … more

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Honest question: I know index funds are great for the long term because of low fees but aren’t good active managers in concentrated small cap funds really where you want to be if you have a long term … more

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Does maxing out your 401k reduce your taxable income by that respective amount so that you can reduce your tax liability at the end of the year? Sorry if it’s obvious/dumb!

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How do I really estimate my investment growth? I see all the charts that say X amount will be X in Y number of years assumption good 10% growth…but in fidelity the projection it gives me says I’ll be … more

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What's the best place to keep the rainy day fund? Thinking about $25k - my wife wants it in cash to diversify and have accessible if needed, but the low savings account returns kill me. Is there a… more

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Generally not a franchise person but these pizza making vending machines seem kinda legit 👀

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If there are no service fees, then should you pay your property taxes with a credit card to get the points? Missing anything? I have the cash to pay it off immediately.

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I want to quit my consulting job and get a job where I’m more physically active. My current job depresses me and I’m craving more exciting days, even if it means a massive pay cut. I want to FIRE so I… more

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Spoke with the founder of a major investment bank today. Both he and wife are working, obviously very senior positions, despite having close to 500M NW and 20M Manhattan home. I’d have stopped long be… more

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Do you spread your investments in ETF products that track the same index? IE VOO and SPLG. Was just thinking the other night if you drop it all (or a large part) in VOO and they have some unheard o… more

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How likely the evergrande fiasco toppling the US markets, particularly the real estate market? Too much boom in markets!

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Just starting with understanding fire. Are there any good online calculators that I can plug my numbers into? I’m 30 and have 100k savings & 100k 401k.

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I live in Boston, should I move to a LCL town and rent or buy for half what I pay? I currently pay $1700 condo mortgage/$350 HOA in Jamaica Plain. I know I could be paying half of what I pay if I move… more

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What is your FIRE goal? How much by what age?

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Accidentally over contributed to my 401k because i switched companies midyear and forgot to cap contributions in my new plan. What is the best solution for this?

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Leaving KPMG soon but never had my own IRA. Where should I move my IRA account to? Fidelity? vanguard? Something else?

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Those of you with a Fidelity IRA, where do you invest it? I’m so lost 😞

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I’m new and super behind on all of this stuff but trying to learn. I’d like to invest in an index fund and have heard there are some that, while they require an initial investment of a couple thousand… more

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Do any folks on this bowl have an end goal of working in a low stress, remote, < 30 hour/week corporate job rather than retiring early?

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