FIRE Financial Independence Retire Early

Recently part of a RIF. 56 M single , kids done with college and all paid, 600k equity in HCOL home and paid off condo in LCOL, 1.7m in pre tax account, 100k in Roth, and 150 liquid cash / taxable bro… more

Watched the Money Guy Show on YT episode: “The truth about Fire” - their calc is (cash flow needed / SWR at retirement) x (1+rate of inflation)^no. of years to get to goal

All calcs that I had done previously for… more

S&P up or down this year? Feels like it might be a rough year. Will this change your FIRE strategy? I feel like I need to focus on 3% withdrawal goal instead of 4%.

Anyone else here not have a fire number and is sort of just plugging along? I’m at the beginning of my career, have kids, and expect to have more. It feels next to impossible to predict salary and spe… more

Ideal age for a FIRE couple with two kids to hit $4M liquid in HCOL city?

39F, live in north jersey. Rent 2300. Zero savings. Like 8k in my 401k. My story is I had a baby freshman year of college almost 20 years ago… Immediately just started working. I work the job with the… more

My IRA is in a managed fund that underperformed last year so I’m working with my advisor to move it to another managed fund, before I do this should I just consider dumping it all into a basic index i… more

Do any of you use a donor advised fund and if so any recommendations? We've historically done charitable donations with "cash" but do have appreciated stock that I feel i should be contributing (and… more

What shall I do with my pension from employer who just laid me off? I have 55k balance. Shall I roll it over to an IRA or leave it there? If leave it, will it grow?

What’s your HSA philosophy?

Max out, invest, and let it ride until retirement? Max out but spend some now? Prefer PPO plans with FSA instead? Something else entirely?

Let’s hear it.

25F moving to Manhattan. 315k in savings and looking at an apartment for 3050/month in Soho with two other roommates. TC currently 160k.

Am I overspending on rent? Not yet wedded to a FIRE goal - have … more

My retirement provider (Alight) is showing a “Passive Funds: In-Service Withdrawal before 59 1/2” in the same section as an After-Tax withdrawal. It’s a very small fraction of my savings and relativel… more

117 weeks ago I made this post. In just over 2 years I went from $300k to $705k. For those who are just starting out, stay the course. Compounding interest is no joke, and that first $100k is always a 🤬

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$350K income a year (single, 30F). SO makes $150K. How much would you feel comfortable spending to buy an apt? In HCOL city, planning to stay 10+ years. Currently paying $3900/mo rent.

Hi everyone! I have 3 different 401k 2 from previous employers and my current employer. Would you recommend me to roll over both to my current employer 401 or opening a Rollover IRA?

What age did you reach $3M? How long did it take from 2 to 3M?

Anyone full time RVing to save money and hit financial goals faster? Any unique tips to help? (Done a lot of research so looking for truly unique tips not something easily googleable like “it costs mo… more

Best simple guide no BS things to do to maximize children’s accounts 529s/IRAs etc.?

I have a $72k Marcus CD expiring this month. The renewal for 6/9/12 is 4% and my HYSA is 3.6%. Was planning to use this money for a down payment and/or loans in the next 1-5 years. Should I just trans… more

Milestone: I crossed over $1m in investments yesterday! Home equity etc. Is another $300k, NW = $1.3. 37.5yo solo.

How do you feel about about the erosion of your foreign Purchasing Power in the last 12-36 months?

USD to EUR hit a high of 1.03 in September of 22 and has fallen to 0.83 in just over three years.

Simi… more

Wealthfront is no longer serving me top rates. Where do yall keep e-fund? Anything yielding near 4%? Money markets or HYSA?

How much money would you need to have in the back to feel comfortable going back to school and studying something “useless” that you’re interested in? For example, an advanced degree in logic or philo… more

What’s everyone’s “go-to” tax filing method? Can you share your method, your tax complexity and HHI? And why you use your method? For me, it’s “tax act” , moderate complexity with 2 W2, some investmen… more

Hi All,

What is an appropriate amount of funds to keep in a safe investment (HYSA, Money Market) if you have FIRED? Enough for 6 months, 1 year, 2+ years of annual expenses?

The rest of my savings are in riskier investments … more

I’m looking for a work-from-home career. I have experience in kitchen and bath design, architectural design, and related software as well as construction management and safety. I’m looking for recomme… more

I got a house that revently got vacant and i want to give it a facelift and boost ARV. This is my first time. Is there anyway I can figure out how much would the ARV be after i renovate certain expens… more

Help to sell me on 529s. European here and kids might go to uni there. Or get full rides. Or go to state schools.

I know we are all excited for our 401K and a growing stock market that might pay out like it did for boomers, but is it the same stock market? Is it a fair comparison? Millennials continue to follow “… more

Those of you with children or planning for children, how will you help to set them up financially for success?

We're contributing to a 529 for college and teaching our young child about interest by… more

Wut!! Wut!! Officially hit $3mil NW. Started with zero 11 yrs ago (first gen immigrant). Looking to FI/RE in 5 yrs. We are 43 & 42 yo.

If you’re getting your rental payment in Zelle, how are you reporting it if you are reporting it at all?

Looking for recommendations for a good HYSA - thank you!

Getting married soon. Combined NW ~$800k, income ~$50k/month, spend ~$120k/year (mostly travel). Invested mostly in equity ETFs. We want to plan for kids and eventually downshift to “chill” jobs. At w… more

Are we spooked today or buying the dip?

Did a net worth analysis. We have $4.8m in overall securities, not including real estate owned. Looking to buy a house. What do you think is the max we can afford? When can we retire?