Financial Independence FIRE of the Seas - Spending 20 years of Retirement Living on a Cruise Ship |
- FIRE of the Seas - Spending 20 years of Retirement Living on a Cruise Ship
- Does anyone else here generally adhere to FIRE convention (4% swr, cutting expenses, etc.) but their portfolio is comprised of individual stocks vs. mutual funds/ets?
- Daily FI discussion thread - May 04, 2018
- Weekly FI Frugal Friday thread - May 04, 2018
- Does anyone else fear not having a specialized skillset?
- FIRE in Atlanta
- Considering making my house a short term rental to make money. What would you do?
- Tell me about Restricted Stock Units (RSU)
- I want to hear your best quitting stories.
- Employers find it weird when you quit willingly for a period of time?
- In plan Roth conversion of after tax
- Potential emigration and effect on FI
- Should I put all my savings into index funds now in order to achieve FIRE
- Retired Mother FI
- Has anyone used Root of Good's retirement consulting?
- "Happiest Guy in the World" - FI Guy Lives on Cruise Ship for 20 Years
| FIRE of the Seas - Spending 20 years of Retirement Living on a Cruise Ship Posted: 04 May 2018 06:06 AM PDT Highlights:
Discussion: This is an example of a really unique goal for FIRE and also a rare concrete example of someone who is actually living out their FIRE dream and providing the financial numbers. Using the 4% withdrawal rule, one could achieve the same results as Mario retiring with $1,625,000 in investment assets. This would allow one to withdrawal $65k/yr for an all inclusive cruise covering food, housing, and utilities for one year. One could also supplement with an internet business, similar concept to what Mario is doing. Anyone else have any thoughts on this? [link] [comments]  |
| Posted: 04 May 2018 07:14 AM PDT |
| Daily FI discussion thread - May 04, 2018 Posted: 04 May 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]  |
| Weekly FI Frugal Friday thread - May 04, 2018 Posted: 04 May 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]  |
| Does anyone else fear not having a specialized skillset? Posted: 04 May 2018 05:32 AM PDT Posting here because it can have dramatic effects on my longterm income. I'm a budget analyst for the government and have a very healthy income, but I find myself very jealous of, say architects, lawyers, nurses, engineers, electricians, etc - who have a specific skillset. That's one of my biggest fears, that I don't have that. I feel like I just have somewhat of an analytical mind, I'm responsible, and pretty good in Microsoft Excel. If an engineer gets let go, he can be an engineer anywhere, same for a nurse, an architect... they've developed that skillset. Was thinking maybe having a side gig where I could develop a specific skillset would help, since I do have a lot of perks at this job, and a good amount of free time. Would love to hear anyone's thoughts on this! [link] [comments]  |
| Posted: 04 May 2018 07:54 AM PDT Just curious if there any current/future Atlanta residents on the board planning to FIRE in ATL? I think it is too early for me to determine where I want to spend my retirement but this is where I live currently. I'd previously moved here back in '99 and took a job out of state from 2012-2017. Upon moving back I am adjusting to the shock of much much higher rental and real estate prices than when I left. I often wonder if I will be able to live the way I want here once I FI considering increasing housing costs specifically. I'd be curious to know what sides of town people are FIREing in or plan to FIRE in around the city, and at around what rental or monthly mortgage price. I do believe ATL is still a decent bang for your buck considering employment opportunities, access to certain amenities, etc., however, am just beginning to see it as a place I may not be able to retire due to increasing housing prices. Feel free to chime in if you're living in a different city but also experiencing the same thoughts. Where do you plan on retiring? [link] [comments]  |
| Considering making my house a short term rental to make money. What would you do? Posted: 04 May 2018 03:55 PM PDT I own a 3/2 with a pool in south Florida with a killer sunset over the lake view. I want to move to the mountains outside Asheville, NC. Option 1) kit the house out for rental for a family of 10 with a minimum 5 day stay, renting it out for 6-12 months, and living in a used rv I will have to purchase with my partner, 2 dogs and 2 cats, when it's occupied. Potential $0 to $70k Vs Option 2) sell the house ASAP after fixing it up Either way I have to put about 30k into the house to get it ready for sale. Getting ready for Airbnb/VRBO/etc will be another couple grand for furniture. House will sell for around $350k. Pretty sure I won't want to keep the house after I move. Don't want the hassle. WWJD? [link] [comments]  |
| Tell me about Restricted Stock Units (RSU) Posted: 04 May 2018 02:20 PM PDT I got a letter from my company saying I'm being awarded $1000 or 16 RSUs. I would need to accept terms and conditions this month and it would be fully vested in 2021. Should I do this if I plan on leaving the company in a few years? [link] [comments]  |
| I want to hear your best quitting stories. Posted: 03 May 2018 07:16 PM PDT Not the "I worked with my nice appreciative boss on a long term transition plan." Did anybody go out with fireworks? Literally tell their boss exactly the reasons why they hated the job? Send an email to or call up the CEO directly? Tell co workers how much you never really liked them? Just stop showing up one day and mail your computer back? There have to be some good stories out there. Nothing violent obviously. [link] [comments]  |
| Employers find it weird when you quit willingly for a period of time? Posted: 03 May 2018 08:27 PM PDT I left my last job late last year and have done things around the house and traveled and just enjoyed life. As jobs pop up, I tend to apply to the ones that interest me (low stress, easy work, personable/friendly environment, etc.) and have heard twice now that it seems weird/suspicious that I just quit my last job without anything else lined up. Even though my IT resume draws praise from everyone, they get really hung up on the "you just quit?!". Is that a normal reaction or just these particular places that have some old-fashioned way of thinking? They have my references, my old boss won't talk smack about me, and I explain that I wanted to take time off, travel, and find something a little more stimulating. Ultimately it's no biggie, I'm FI and RE until I find something else that amuses me and pays me. I'm just curious what others have found. [link] [comments]  |
| In plan Roth conversion of after tax Posted: 04 May 2018 08:02 AM PDT My vanguard plan allows roth in plan conversion of after tax contributions. This is basically an easy way to do a mega back door roth correct? My old vanguard plan I had to do it all via mail and it took me months before the transfer was completed from after tax 401k to Roth IRA, now I can go from after tax 401k to Roth 401k via in plan conversion. Is there any downside to this versus trying to get an withdrawal to a Roth IRA processes? [link] [comments]  |
| Potential emigration and effect on FI Posted: 03 May 2018 11:47 PM PDT I am South African, and always plan on retiring in a South Africa. My FI plan takes into account local cost of living and lifestyle (currently about $26k pa), and I'm on track to reach my goal in 3 years. There may be a possibility of moving to the UK, although I might never exercise this option. It puts me in the odd position of not knowing what amount I would need, or how to compare lifestyle. I obviously know people in the UK, but none of them are FI types, so discussing this with them wouldnt be that fruitful. Emigrating to a lower COL country seems to be common, but to a higher one ? It's also odd to have to reconsider my FI plan for an option I may never exercise. [link] [comments]  |
| Should I put all my savings into index funds now in order to achieve FIRE Posted: 04 May 2018 01:29 PM PDT I just started maxing out 401K and contributing to ROTH IRA this year. I buy SP500 with all the money in the IRA and 401K. For all other savings I put them in an online saving account with 1.5%. Should I also put other savings in the SP500? or should I watch the market for a better timing? It seems to me the market is not very good this year. Thx [link] [comments]  |
| Posted: 04 May 2018 07:29 AM PDT Throw away account due to sensitivity: 1.5 years ago my 74 year old Mother had a family member steal a large sum of money from her, ~500k. At the time of the theft she had a net worth of 2.3 million dollars. Her break down at the time, roughly: 1.1M - 2 Properties, no notes. 500k - None negotiable items (stolen) 500k - Stocks (blue chips) 200k - Liquid (most in cash, some in short term CD's and the like) I am working in concert with her attempting to navigate this entire experience and we currently have one of her properties for sale that will sell for ~675k. Post theft and the sale of a property her net worth will be ~1.8M. Her financial breakdown, roughly: 425k - Home 500k - Stocks (blue chips) 875k - Liquid (most in cash, some in short term CD's and the like) My question: What do you all think the best way for her to generate a yearly income would be given her financial landscape? I've spoken to her about generating a conservative 3-4% off her cash as she ages and will inevitably have to deal with illnesses and end of life scenarios. She seemed open to it, but I want to flush out all ideas. Notes: 1) We will keep the remaining property, as of now. Also, 2) the blue chip stocks likely won't be changed, but I'm open to any and all ideas. 3) No details on her SS check/etc. because it is not relevant for my purposes. 4) No need to address the theft. We are dealing with it and life happens. [link] [comments]  |
| Has anyone used Root of Good's retirement consulting? Posted: 04 May 2018 09:52 AM PDT https://rootofgood.com/early-retirement-consulting/ Source. I've been thinking about fiRE and I have other items on my agenda that are slowing it down a lot, and I was hoping to get some personalized advice on what to do to get started. Anyone used this service and found it to be of note? [link] [comments]  |
| "Happiest Guy in the World" - FI Guy Lives on Cruise Ship for 20 Years Posted: 04 May 2018 08:26 AM PDT Here is a short documentary about a FI guy living on a cruise ship for the last 20 years. It actually sounds pretty nice - don't have to take out the garbage, cook, or clean. There are tons of entertainment options: pools, live music, constantly traveling. Best of all, it doesn't seem that expensive - I see cruises can be around $100/day, and that is a normal price (I imagine they have a discount if you cruise more frequently). $100/day puts you at $36.5k per year of luxurious food, travel, and entertainment. Is this guy a FI/RE genius, or am I missing something? https://www.nytimes.com/video/opinion/100000005798480/the-happiest-guy-in-the-world.html?src=vidm [link] [comments]  |
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