Financial Independence Vanguard launches new Vanguard Total World Bond ETF (BNDW) |
- Vanguard launches new Vanguard Total World Bond ETF (BNDW)
- Daily FI discussion thread - September 06, 2018
- TED: Let's get honest about our money problems
- Percentage Based Fi Plan
- What was your income & networth right before you FIRED?
- Are we in an “everything bubble”?
- How Much Money Will You Really Spend in Retirement? WSJ article arrives at 130% of current spending, and has some reasonable points.
- Entry level respectable salary?
- Is there a reason why I should NOT do a backdoor roth IRA?
- Telling your parents your net worth?
- Why Work Has Failed Us - Article
| Vanguard launches new Vanguard Total World Bond ETF (BNDW) Posted: 06 Sep 2018 09:20 AM PDT Unfortunately it's not available as a mutual fund. That being said it's likely not a great choice, because the ER seems higher than a mix of VBTLX/VTABX and also it does only hold international bonds denominated in US dollar. https://investor.vanguard.com/etf/profile/BNDW?cmpgn=EM:RIG:ED:Pigeon:Pigeon:Email:0918:0101:FNA:ETF:0323 [link] [comments]  |
| Daily FI discussion thread - September 06, 2018 Posted: 06 Sep 2018 04:08 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]  |
| TED: Let's get honest about our money problems Posted: 06 Sep 2018 09:54 AM PDT https://www.ted.com/talks/tammy_lally_let_s_get_honest_about_our_money_problems A good TED talk regarding our beliefs about money and in particular the money-shame connection. From the people in this sub I see more money shame around spending than saving, but I think we could all use some self inquiry to understand ourselves better. [link] [comments]  |
| Posted: 06 Sep 2018 08:13 AM PDT The recent threads of comparison woe's seem to be getting people flustered so I figured I would post my more average income budget and what I think are more realistic expectations from Fi. I am 32 (late bloomer), dink 4 life, 3 years out of school with 0 savings prior to that, took out student loans for full tuition and board though I did do community college first, make slightly over the median household income, and live in an average COL city in the southeastern US. All values are % of cash flow Taxes 21.25% Savings 30.13% (100% in tax advantaged accounts for now) (4%) Mortgage 12.38% (4%) Student Loan 7.50% (2%) Truck Payment 8.75% Gas & Car Ins 3.75% Health & Life Ins 3.13% Monthly Bills 4.38% Food 3.75% Entertainment/Flex 5.00%+OT (This incentivizes me to take OT) No other debt. A few things that will change in the next year or two would include Student Loan and Truck Payments wrapping up with that money rolling into savings. Also I expect to get at least some sort of a raise each year- last 3 years they have been 4%, 6%, 12%. This will decrease most categories however it will increase taxes, savings, and honestly probably entertainment spending after savings reaches 50% of my total cash flow. I should hit my coastFI number around 40 save any disasters in the market. I enjoy my job and plan to continue work until I just don't want to anymore (Hence Fi, not necessarily Re). The actual dollar amount saved after the coast number is really just gravy, my lifestyle will adjust as needed. My "retirement" dream would be working part time in a public service role probably in the same field I work in now (construction admin) while pursuing my other hobbies (fishing, painting, etc). [link] [comments]  |
| What was your income & networth right before you FIRED? Posted: 06 Sep 2018 06:01 AM PDT (or if you haven't FIRED yet, what do you presume your income and networth will be?) Currently at $630,000 NW with $70,000 income. I would ideally like to FIRE with $2,000,000 but coming to work and slugging it for less than $300 a day when I have $1,500,000 invested seems a little un-motivating.. [link] [comments]  |
| Are we in an “everything bubble”? Posted: 06 Sep 2018 05:54 AM PDT Does anyone have any thoughts on this article (https://www.forbes.com/sites/jessecolombo/2018/09/05/disaster-is-inevitable-when-americas-stock-market-bubble-bursts/#44b19af81b82) by Jesse Colombo in Forbes? Frankly, I find a lot of his logic pretty compelling: the sky-high valuations, high levels of indebtedness, potential for inflation, etc., all seem very real and concerning. I'm interested in reading what other people think. [link] [comments]  |
| Posted: 06 Sep 2018 01:52 PM PDT I think by and large, the article doesn't mesh with the core tenant of FIRE to "build the life you want then save for it," but I do think it does an adequate job of calculating retirement spending through backtracking based on "ideal" retirement, into the actual expenses you might have at retirement. Question to the sub is, if you don't have the life you want (just yet), but are still saving for FIRE, do you think you're on track to saving for the right draw-down? What would you do differently? [link] [comments]  |
| Entry level respectable salary? Posted: 06 Sep 2018 03:27 PM PDT I'm 22 living at my aunt and uncles working a serving job 3 days a week . I sell herb and got denied uber /lyft for a misdemeanor poss charge from 5 years ago . I have 0 dollars saved and -2000 in debt . I pay my bills with my current job and nothing more . What are some entry level jobs I can look into , most interested in tech field but I'm open to ideas , thank you ! TLDR; just getting started , where should I start ? [link] [comments]  |
| Is there a reason why I should NOT do a backdoor roth IRA? Posted: 05 Sep 2018 08:56 PM PDT So I'm probably on the lower end of the FIRE spectrum, but I'm certainly working towards it. My SO and I make ~250k combined and already max out both of our 401ks. Our salary probably won't change significantly from where we are at right now. We're both around 30 years old. We have a total of 100k combined in our 401ks, and ~40k in Roth IRAs. I opened a 429 with 4k. We have no property or debt. I am possibly saving for a house in the future, and I already have almost a 100k in liquid assets in a high interest bank account. This probably isn't quite a 20% downpayment on something I want to get, but I don't think I'll be purchasing anything in the next 2 years. I am personally hoping the housing market will drop, but that's probably just wishful thinking. Anyway, my main question is, should we do a backdoor roth IRA? My thinking is that I mine as well pay taxes now and get 30+ years of tax free growth. Is there a different angle to think about my situation? Thanks! [link] [comments]  |
| Telling your parents your net worth? Posted: 05 Sep 2018 09:14 PM PDT My parents always talked about financial education growing up, which is how I got to be on the healthy path to FIRE that I am. I don't tell them my net worth because I haven't told anyone my net worth. It's really more about preventing them inadvertently telling other family members, having people look at me differently, having people then ask for stuff (a lot of my family is low income), etc. But at the same time I think telling them would make them feel proud, like the did the right things as I was growing up, that I'm self-sufficient, that when they see my stressed at work they shouldn't worry because I don't "need" the job. Any thoughts and perspectives? Who do you guys talk about this stuff with (besides this sub and your SOs). [link] [comments]  |
| Why Work Has Failed Us - Article Posted: 06 Sep 2018 10:09 AM PDT An interesting article on retirement. As part of the FI community, I feel collectively we are the exception here. Would love to hear from folks who have successfully planned for FI/RE without an employer match or pension. I for one have started the journey of investing in real estate to grow wealth through income. [link] [comments]  |
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