FIRE Financial Independence Retire Early

1505 members
Work is better when you don’t need the money

How can I settle the credit cards debts faster? I have about 30K in the CCs and this make my savings inconsistent each month. Is a personal loan to settle them a good choice or play with the 0% APRs?

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I’m currently adding 10% in my 401K while having an employer match of 1.5% (25% up to 6%). Is it good to open a ROTH IRA and reduce the 401 just to 6%? What are all the advantages of ROTH? Thank you!

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If your firm matches contributions do you have to reduce your contributions to equate to max allowed by IRS or can you max out and the firms match will be net add on the maximum contribution allowed?

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Hello EY 🐠. Does anyone know if it is possible to download a list of securities restricted for employees? Very cumbersome to search every last one.

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How do you balance your FI/RE goal with charitable giving?

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Wife and I are on the road to FI but also want to help bolster her parents' retirement savings. Are there any tax advantaged accounts or investment strategies available for this? Thanks!

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Anyone use BOA for HSA account? The fee (on top of expense ratio) for investment is so high! What is the best investment strategy if you were to do it with BoA?

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Can someone invite me to the FIRE WHATSAPP chat group?

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Moved from KPMG to EY. Had a Roth 401k with Merrill. I need to move my Roth to an IRA. What and where to? Need unbiased advise. Have roughly about 100k in roth 401k. Should I switch to F/V/S?

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To lease or to own a car?

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Anybody planning to use a lot of dividend stocks as part of their retirement plan?

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What are the best choices for savings account? All big banks have a very less interest rate and I am a little hesitant about red neck bank.

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Can you max your employer traditional 401k and do a backdoor Roth IRA? I.e. $19k traditional 401k + $6k traditional IRA converted to Roth. I don’t qualify for non backdoor Roth.

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Hello! Wondering what you folks may recommended as IRA provider. Seems that Vanguard is a favorite in the group. Thanks for the input everyone!

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How do you recession proof your investments? Ideas, suggestions.

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Anyone own a rental building in the NY/NJ area? Are you getting better returns than other investments? With the high taxes and maintenance costs I don’t see how it’s profitable long term.

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I want to invest my savings- 100k. What is the best way to do so?

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Folks who invest in index funds: Do you hedge your position? If so, using what kind of instruments? I have quite sizable exposure to S&P 500 ETFs, and thinking about hedge options (e.g. put options).

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When is enough, enough? the carrot seems to be enticing

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