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Additional Posts in FIRE Financial Independence Retire Early
Can someone help me out with my 401k contributions.
26 years old, make 187k base. For the past 3 years, I have maxed my 401k and was contributing 10% to traditional and 10% to Roth. I have about 125k in my 401k account, am down about 20% but I don’t really care/know it will correct it’s self. Im in no target funds all index/mutual funds.
How should I reallocate my percentages to traditional and Roth? Should I ONLY do Roth and not traditional? Does my company match on Roth or only traditional
Accenture @
Personal finance book recommendations?
Why does fskax underperform vti?
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Me. Have grown 0.5 M in net worth in last 5 years and just getting started :)
Beautiful chart - keep it up and congrats!
I’m on the way to Fat Tire, the beer, because my life is a mess.
On my way to FAT FIRE but separately
This is my goal! Early 30s and combined NW with husband is 2.1M now (and before I get asked, none of this is inherited or from family and I had student loans but my husband did not). He wants to retire around 40 but I’m content to work until 50ish. We’d like to get to at least 10M but we shall see! No kids yet but we are going through IVF now.
What is your savings rate ans income? Trying to benchmark what I should be saving to get where you are in my 30s
Early 30s here HH net worth at 2.5. We like the idea of fire but with a newborn, hard to tell right now haha. Hoping to hit the 10-20m range mark by retirement. Even if we magically hit the mark tomorrow, I'm not sure if we'd be ready to pull the trigger and retire yet so lots still to figure out.
Me but I might pull the trigger before I get there lol
Mentor
That timing would likely mean about 7.5-10M in 16-18 years based on our savings rate and investments. It’s honestly way more than I think we’d need with any reasonable inflation rate which is why I’m not certain I’d work that long. Our spending is nowhere close to that amount now but I expect spending to increase given more time to travel.
I’ve had a flat tire 😢
We are although a lot is a result of the past two years both portfolio growth and a pandemic job hop.
Mid-30s with HHNW of $5.5M with 1 toddler, planning for 2nd and a SAH spouse. No debt and no inheritance, all saved from our salaries. Targeting to hit $10M by 40, but might be delayed by a couple years due to current market outlook.
What % of your NW is savings from income vs growth from capital?
That's a crazy amount to save up by 35
Yes I’m 0.001% there