Financial Independence HSA Limit increased to $6,900 |
- HSA Limit increased to $6,900
- Daily FI discussion thread - April 27, 2018
- Looking for some advice on what can be achieved at different savings rate for my current situation.
- Weekly FI Frugal Friday thread - April 27, 2018
- Where to FIRE?
- Any tips on being a snowbird with an engaging job ~9 months a year?
- Tax harvesting as a hedge against down markets close to RE
- What time-saving items do you budget for in your pre-FIRE saving phase?
- FI/PF resources sub for folks in Mexico
- More, quality podcasts
- Paying off the mortgage
- Investing Emergency Fund - Not yet FIRE
- Is re the easy bath to fire?
- Lifestyle creep over two years: 40% more monthly spending
- Motivation/ideas for frugality - Extreme Cheapskates show
| Posted: 27 Apr 2018 08:35 AM PDT IRS increased the limit of the HSA back to $6,900 per https://www.irs.gov/newsroom/irs-grants-relief-for-taxpayers-affected-by-reduction-of-maximum-deductible-health-savings-account-contributions
This is great news for the people who follow MadFientist's advice on maxing HSA and treating it like an IRA at age 60+ [link] [comments]  |
| Daily FI discussion thread - April 27, 2018 Posted: 27 Apr 2018 04:09 AM PDT Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Looking for some advice on what can be achieved at different savings rate for my current situation. Posted: 27 Apr 2018 08:26 AM PDT I'd like to inquire about the benefits of saving at an accelerated rate. How can I visualize the impact of saving 20% of my income vs 50%? How would this impact saving for retirement or for a home? At my current income of 73k, what would be possible with various savings rates? I guess I'm looking for motivation to bring myself to not just save for the sake of saving but to truly understand the power behind it. [link] [comments]  |
| Weekly FI Frugal Friday thread - April 27, 2018 Posted: 27 Apr 2018 04:09 AM PDT Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Posted: 26 Apr 2018 10:50 PM PDT Hoping to harness the collective wisdom of this subreddit. Can you suggest where I should FIRE if I have the following requirements -
[link] [comments]  |
| Any tips on being a snowbird with an engaging job ~9 months a year? Posted: 27 Apr 2018 02:57 AM PDT I don't need to make a ton of money, but I'm not able to retire yet (and don't really want to, I like some structure in my life). I want to have a job that is challenging and engaging in a major US city (NE probably) for about 9 months a year, then skip off to somewhere warm (maybe live, maybe travel) during the winter. The dream is having a winter break from Christmas until April 1st... Mid Jan to Mid March would also be great. Any tips on how to make this work? My field is nonprofit management/program design, resume is competitive. [link] [comments]  |
| Tax harvesting as a hedge against down markets close to RE Posted: 27 Apr 2018 09:41 AM PDT I was reading the MMM descriptions of his experience with betterment I've been wondering if tax harvesting services, such as wealthfront and betterment, have more value in down markets. If yes (which I think there is), is there any value to pushing some funds into a tax harvesting account near RE to possibly harvest tax losses as a way to minimize the impact from a down market. As an additional thought (admitting some sense of market timing), if one believes there is going to be a down market, does the value of a tax harvesting account allow you to be in the market in a manner similar to a vanguard account, with admittedly higher costs, but with a hedging value against down markets. [link] [comments]  |
| What time-saving items do you budget for in your pre-FIRE saving phase? Posted: 27 Apr 2018 04:36 AM PDT I work as an IT consultant 40 hours a week. Recently I've been approached with an opportunity to do some independent contract work on the side for a $/HR rate that is more than my base rate at my 9-5 job. On the one hand, I could use this extra income to save even more for FIRE. On the other hand, I am trying to actually enjoy the life I have now until I'm able to FIRE, and my free time is something that is extremely important to me. I thought that maybe I could use this extra income to streamline some of the more time-consuming day-to-day tasks that I have, such as meal prep, cleaning, or other things. This would in turn give me back some time which I could then use to work these contracts, with the goal being to make more money in that time than I spent in delegating those other tasks. What lifestyle-inflation'esque, time saving items (such as a meal delivery service, house cleaning service, or other things) do you allow for yourself in your earning phase, either to allow for additional income in the time saved, or just to make your life more enjoyable? [link] [comments]  |
| FI/PF resources sub for folks in Mexico Posted: 27 Apr 2018 04:07 PM PDT Hey FI friends, I am currently in working in Mexico and finances came up. I told one of my teammates that I save money and I try to make smart investments. She wanted to know if I could show her how I go about it. I thought, well I only know US finance :(. I wanted to know if anyone knows some resources for folks in Mexico that are similar to the ones we love (from the US, JlCollins stock series, MMM, MadFi, ect). [link] [comments]  |
| Posted: 27 Apr 2018 05:56 AM PDT Not that there's a shortage of FIRE content out there, there are a ton of FI bloggers. But specifically with podcasts, do any of you have suggestions? I'm burning through the MadFientist backlog and will quickly get to a point where I want more episodes at a rate much faster than he produces them. Are there any others of similar quality out there that you guys are listening to? [link] [comments]  |
| Posted: 27 Apr 2018 02:16 PM PDT I talked to my financial advisor and he did some math that led to if we saved x more per month we could pay off the house in 7 years (we are saving that money in our funds since it makes 14% and then dumping it into the mortgage when that 7 year mark appears). Here are all the things I feel like I need to consider: -One of our hopes is to possibly move abroad (NZ or Aus) and buy a small home outright over there. Not sure if this is doable though. Especially if I'm retired by then. -We really don't want to pay a bank interest to own our 2nd home. -The townhouse we have in Seattle has almost tripled its value, but we'd like to keep it for renters + fall back in case the other country doesn't suit us. If we leave it once we pay it off, then all that rent money goes to us--and might likely just pay our next mortgage, which we would hope would be cheaper (but again, must do research as I've heard most family-friendly popular areas on that side of the world are on par with Seattle). So my questions are: -Do we consider what we have to save to pay off the Seattle mortgage as part of our FIRE? Or would that be a separate savings fund? -When you retired did you buy a 2nd home, or did you do that before you retired? Thank you. [link] [comments]  |
| Investing Emergency Fund - Not yet FIRE Posted: 27 Apr 2018 10:33 AM PDT I am wondering about options for investing my emergency fund. I have 4-5 months in a high interest checking account. Beyond that I have another 10 months or so which I am looking at investing in a Vanguard Muni Bond Fund. Any good ideas? Are treasury bonds an option? Should the answer be different now, versus after achieving FI? I'm at the dollar limit of the balance that gets 3% interest at my local credit union. I feel like I should be getting more than a fraction of a percent that I can get in the savings account it is currently in. [link] [comments]  |
| Posted: 27 Apr 2018 01:37 PM PDT Any time the topic of real estate comes up the people invested in rentals make it sound so easy. Leverage up, get a management company, and watch the dough roll in. But it can't be that easy or everyone would do it. So whats going on? Obviously you would need a bit of capital to get started but what are the drawbacks? what are the risks? [link] [comments]  |
| Lifestyle creep over two years: 40% more monthly spending Posted: 27 Apr 2018 09:30 AM PDT Here is my lifestyle creep over two years. Some of this is an intentional choice to work less by subcontracting projects, while the rest is gradual inflation of our lifestyle. https://reddit-uploaded-media.s3-accelerate.amazonaws.com/images%2Ft2_11r8a%2Fe7nk6nok9hu01 [link] [comments]  |
| Motivation/ideas for frugality - Extreme Cheapskates show Posted: 27 Apr 2018 04:53 AM PDT Anyone seen the show extreme cheapskates? Has lots of ideas for frugality but are obviously extreme. I wonder if any FIRE people have gotten useful ideas from it [link] [comments]  |
| You are subscribed to email updates from financial independence / early retirement. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment