What are some must have assets for someone looking to retire by 45? I am single, 30 y/o , all in COL $400 (own home in small town w/ roommate), salary $155K. I also have 401(k), Roth 401(k) and individual brokerage account. Currently looking into universal life insurance as well. I am debt-free except mortgage and expect to increase income by at least 40% in the next 1 to 2 years. Lean fire is OK for me. Thanks in advance for helpful direction/suggestions!

like
Posting as :
works at
You are currently posting as works at

40% salary increase in 1-2 yrs? How? Raise this year at EY is literally 0%.

like

D1 ✅ You know it. Uncle D is not that generous. 🤣

Why do you need life insurance if you’re single?

likesmart

Can you expand on this? Your loans on policy account value need to be paid back or reduced from death ben. But the biggest problem is that the cost of insurance charges plus fees is not always attractive.

What type of UL do you own?

Home and stock and some btc. How much are you saving ?

Ah bitcoin. I have not jumped into that quite yet. Any advice on where/how to start? Saving about $4800 a month right now. Was getting ready to buy an investment property but also want to be intentional about my retirement goal and realize rental property is only one piece of the equation.

Do you anticipate staying single until you’re 45?

Yeah that’s the reason I was asking. You’ll have to save considerably more to have a chance at FIRE that early while supporting a family. If it’s just you and a SO (DINK), it’ll be considerably easier.
To answer your original question, some investment properties would help reduce your exposure to the stock market. Retiring at 45 means you’ll have to make it through several decades without a full-time job, so you should expect some bear markets and depressions/recessions over that time period.

like

Related Posts

I'm interviewing for a Marketing Lead Project Management (Strategic Program Mgr) role at ZS Associates in IL. Can anyone market rate salary range? 5-10 yrs Project Management w/bachelors/ 3-8+ with Masters. Thanks!

like

Does anyone know if you have to negotiate an automatic 3-4% increase in salary every year for inflation, etc. when getting an in-house position? Or is that fairly standard for most companies and HR just handles that internally at the start of every year?

like

Anyone here a sales engineer for health cloud have good/bad experiences to share?

like

PwC: What's the salary bump (in percentages) from Experienced Associate to Senior?

like

My firm has a collections budget (80% of your billable rate x 1850 hours) and an hourly budget that must be met in order to be eligible for a bonus. The firm cares very little about originations and will reward someone for making their collections over someone who brings in new work. I missed my collection budget due to some odd timing with a client, but originated more than all my peers so no bonus for me. I’ve been at this same mid level firm for 9 years and it’s all I know. Is this normal??

like

Looking for 2 account directors 7-10 years of experience in Chicago to lead business and grow it. The salary is $130k. It’s a multicultural agency with big accounts including fast food and CPG.

like

Hey recruiters! What are your earnings? Please list the industry and commission structure, and salary progression yearly

like

Anyone here have any information on where to invest your money apart from the firm's 401k match? New to investing and wanted to know where do other people invest since most of them wouldn't be investing in stocks directly.

like

Any one please let me know max salary range for ic4 and ic5 in oracle support org ?

like

I have got an email from IBM regarding Compensation Discussion Documents after completing technical discussion. I've competed PDM discussion as well. Does this mail mean I'm shortlisted?

like

Is 19 lakhs good salary for Salesforce Senior Developer with 5+ relevant YOE and in total 7 YEO?

like

What roles have you seen ex-MBB Managers take when exiting to PE? Anything other than Ops roles? What is the typical compensation range?

like

I m earning 40lpa in India. I have an offer to go canada for my current company. I m yet to negotiate the compensation part.

How much salary should I expect in Canada ( to match my Indian salary) ?
Please advice...

Note:
1.Company sponsors me the closed work permit for this job.
2. I m married and have two kids. Planning to go with my family.
3. Right now my wife is not ready to go work. I'm the soley one who earns.

@canada @Ontario

like

What’s the typical comp progression for Analysts and Associates in a FO role in BB AM/PWM? I know bonuses are not even close to IBD but is the base pay similar?

like

NYC transfer pricing salary please share thanks!

like

How much salary is offered to director and senior director ?

like

Anyone here retire in late 30s or know someone that has?

The wife, baby and I are moving to Greenville SC in the spring.

Would love to hear anyone’s experiences about the city and where you’d suggest we start our house search!

like
like

Does anyone here own TreasuryDirect I-bonds? The rate is quite good for a 10k yearly limit. Need to understand if h1b holders are allowed to own it

likesmart

More Posts

What’s the craziest thing you’ve witnessed from one of your executive colleagues?

like

The police came to my door last night and told me that my dogs were chasing people on bikes.

I told him it couldn't have been my dogs, they don't even own bikes.

likefunny

We have a project that would generate social impact, and our short term goal is to propose it to ASHOKA to help us develop it. Before that we would like to assemble a team that will be part of "the board" with all the resources we are needind and most importantly people that "empathically share our preoccupation for the immigrants". Any kind of feedback or volunteer would be appreciated.

like

If you knew you wanted to switch career paths, but didn’t even know where to begin to look, how would you start to figure out what you want to do?

like

Hello Folks,
My current CTC is 16L (13L Fixed) in
Accenture and working as CL10 and WFH.
I got an offer from PWC AC Bangalore is 21L fixed and WFH with joining date 15th Dec.
Now I got a promotional offer from Accenture of 16.6L fixed (with 25% hike) to CL9 which will be effective from 1st Dec.
They are asking me to retain.
Could any one please suggest me the better option? My yoe is 7 years.
PwC Accenture Tata Consultancy Deloitte EY Deloitte USI

like
like

What is the maximum CTC PWC India can offer for Manager Position (10 years experience)?

like

could anyone refer me for data engineer gcp bigdata informatica yoe 13

like

Hi guys,

I got my full and final settlement today but I can see no tax deduction. Does anyone know the reason. 4k tax used to be deducted every month till now. I also got gratuity and leave encashment along

like

After submission of all documents in portal, how long it takes for release of offer letter? Pls suggest

Working at Cerner Corporation for a little over a year in the Integrated Tech Consulting organization. Realized how underpaid I am vs. others (even new hires), and am looking for an exit opportunity. Any advice or companies that are hiring right now?

like

Does anyone have any knowledge re: typical severance packages for NPs that are laid off?

Looking for opportunity in SAP SD
Experience - 3 years
Kindly refer me if there is any opening

like

Majority of my department has been informed we will need to look for other positions internally due to our jobs being outsourced. The timeframe for the full transition of all work to the vendors is approximately 6 months. This is the second time in 14 months I have had to look for another position due to outsourcing of work. Since I can only work remotely for my company due to location, is it best to resign or to hold out in hopes for a transition to another department?

like

I got an offer from Siemens healthineers for software developer , but I'm worrying a bit since it's in banglore and I heard cost of living is more in banglore and I'm new to the city , I have an offer for another Company from Hyderabad with same fixed pay of siemens. Can you please provide me suggestions

like

A lot of patients asking about Zinc to prevent COVID and other viruses...where are they getting this info? Vitamins can't fight a virus

like

Any recommendations for worthwhile smaller local charities? My firm is allowing me to donate a pretty sizeable grant ($5k) and would like to put it towards a NYC charity that helps communities in need, especially those where that amount will make a big impact.

likeuplifting

Do we really need another season of this? I feel like one was too much.

Post Photo
like

Campervan or hostels/hotels with car in Iceland? Looking for advice. Planning a 5 day trip in September

like

Additional Posts in FIRE Financial Independence Retire Early

Got married, bought a house, doing a major remodeling, planning to have a kid… safe to say that I am no longer on track with my FIRE journey 🥲

likefunny

How much is your emergency fund? My husband and I are DINKS with 5K monthly expenses but (because we are very privileged) live near family who could help us if something happened. We only keep 5K in our emergency fund because I want to invest as much as I can in index funds.

like

When leaving a company, what do you do with your 401k and ESPP accounts?

like

Friendly reminder: IRA contribution limit increased from $5500 to $6000 in 2019. Make sure to update those automatic contribution amounts!

likesmart

Last year I started funding my Roth IRA through Vanguard in a Target Retirement Funds. After reading a few post about the tax disadvantage of using a Target Retirement Funds, I am thinking I need to shake things up. Would you suggest moving the funds in Mutual Funds, such as VTSAX? Let me know your thoughts and best strategy to make the switch with minimal tax effect.

like

Best way to forecast net worth/future growth?

like

How do you balance being smart with money verses wants and desires? I'm thinking about buying a new Supra but the fiscally conservative part of me balks at spending money. I can afford it and would really enjoy it.

like

Always been a fan of FIRE and reading about it has definitely helped my finances but I can’t help but wonder if the movement is more about lifestyle change than early retirement.

After you achieve FI,you basically have to maintain the lifestyle that got you there.

What if you want to go on a lavish vacation or buy that flatscreen TV? Are you supposed to do away with material goods entirely? I suppose you could keep working for discretionary $ and live off interest but then you’re not retired.

like

Have 3 401k and 1 ira account. Now have to consolidate all of them in vanguard. Any recommendations on how to move them
Looking for options to take advantage of rollover.

like

Hey folks, very new to investing. I want to hold SP 500 in my Roth IRA. What's the major difference between Vanguard SP 500 ETF and the mutual fund which also tracks that index? Only difference I know is that vanguard mutual fund requires 3000 min investment whereas ETF doesn't. What other differences are there?

like

new to investing. have done some research - reading blogs and a few books on investing. I still have the question of do individuals that take the index fund route… do you all purchase the same funds for different accounts? Example, would you invest in VTSAX across a brokerage and roth account, or would you take a different approach for each account?

like

I am 31. I have $750k in assets and 400 in liab. Net worth is 350. Largest assets (excluding real estate) are 120k in 401k, 40k in brokerage, 20k in crypto, 25k cash. Own property totaling $550k (2 condos) but debt of 350k so 200k of my net worth is in real estate. Student loans of 30k. Thread continued 👇🏽

like

If company only matches 6% should I only put 6% of income into 401k? Does it make sense to put more to lower tax bracket?

like

Maxed my 401k with todays paycheck 🏆 a lonnngg way from FIRE but step by step my friends!

likeuplifting

Im 35. Considering to start investing in Real Estate this year. Looking to buy 1 property to start generating cash flow, but most importantly, long term equity. No plans to sell. Condo or Single family residence. Considering booming areas like Austin, Vegas or somewhere with potential to grow. Will need local help, since I don’t live there (realtor + property manager). Already have 20% down, but considering putting less. All closing fees are also covered. Is this a good idea or should just wait?

like

I just discovered about Mega Backdoor today since my firm offers it. What’s the % or $K you put into it? Just want to gauge. Thinking of putting 10%.

like

What’s an ideal minimum net worth to have by 30 years old? I know everyone’s path is different and retirement plan is different, so let’s go with HCOL area for someone looking to retire by 55.

Anyone use the personal capital app? If so, how do you split investments for married folks? Example joint ownership of home etc

like

How much is too much in emergency cash? Roughy $100k held in liquid forms (HYSA, CDs etc.). But wonder is it too much? Expenses are probably $60k for a year. Should that $40k be invested further. Or is $100k a good max?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal