Financial Independence Retired early, now what? |
- Retired early, now what?
- Has anyone FIRE'd to a boat full time? How did it work, do you like it, would you do it again?
- Went from $72k in 2018 to $200k in 2019. What do I do differently?
- The Slowing of Life During (Early) Retirement
- Daily FI discussion thread - December 25, 2018
- Any home owners here who bought during the last recession? How was that investment?
- American view on Living at Home
- Tax-loss harvesting ETF before end of 2018 after dividend reinvestment 3 days ago
- Are most people here not counting on Social Security?
- "Starting Jan. 1, 2019, the tax penalty will be repealed. If you don’t have major medical health insurance for the 2019 coverage year, you won’t be penalized." Do you anticipate this change to affect you in any way?
- Did we ever predict recession successfully before?
- Any word on Playing With Fire Release date
- Retired? When to finally sell stock mutual funds in a bear market?
- Fairly new to this and have some lingering questions, mainly about withdrawal strategies
- Do you get jealous of the fashion/lifestyle bloggers and house features in luxury magazines?
| Posted: 25 Dec 2018 04:59 AM PST My wife and I pulled the plug recently. We weren't expecting life to magically become better, but not much has really changed. We now have more time on our hands than we know what to do with. We've started traveling. We're finding it difficult to integrate socially because people are always surprised to learn that we're retired so young. It's becoming boring to repeat answers to the same questions over and over so we've learned to try not to bring it up. People keep asking what our aspirations are, and, well, we don't have any anymore. Not that I found any purpose in my work before, but without work there isn't any drive or "purpose" to wake up in the morning. We're still trying to figure out what our hobbies are. For those who've retired early, what did you start doing to find life fulfillment? For those still on the FIRE path, what are you planning to do after reaching your goal? [link] [comments]  |
| Has anyone FIRE'd to a boat full time? How did it work, do you like it, would you do it again? Posted: 25 Dec 2018 10:27 AM PST |
| Went from $72k in 2018 to $200k in 2019. What do I do differently? Posted: 25 Dec 2018 08:16 AM PST What's going on, FIRE crew? I got a very good Christmas present from my company - I will be making significantly more money in the new year. I have a general sense of what to do with it - try and maintain relatively the same lifestyle short of proposing to my long term girlfriend, pay down student loans more aggressively, actually max out my 401(k), put some more money into ETFs every month, etc. - but I'm wondering if there is more specific advice out there from those who have made a similar jump. Any pitfalls to avoid or general strategies to pursue would be greatly appreciated. FIRE seems so far out for me at 30, but I want to take as much advantage of this as I can. [link] [comments]  |
| The Slowing of Life During (Early) Retirement Posted: 25 Dec 2018 01:16 AM PST Hi all, a post from the boring and impatient middle :) A huge benefit I percieve of retiring is the slowing down of life. Working full-time, many of my days and weeks seem to fly by and the amount of life that I can recall is so small compared to slower times. Those who have FIREd, please, please wax lyrical about how you are able slow your life down and create memorable experiences/connections or even just experience true relaxation... Does this happen during retirement, or am I imagining projecting my desires? [link] [comments]  |
| Daily FI discussion thread - December 25, 2018 Posted: 25 Dec 2018 03:07 AM PST 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]  |
| Any home owners here who bought during the last recession? How was that investment? Posted: 24 Dec 2018 09:16 PM PST With all the talk about signs of a bear market going on, did anyone here buy years ago when the economy was in the shitter? What percentage did you put down? How did that purchase turn out? Gain value? Lose value? [link] [comments]  |
| American view on Living at Home Posted: 25 Dec 2018 02:53 PM PST Hi guys, Long time lurker here and I noticed a very interesting fact between white American vs other minorities . I didn't realized it isn't socially acceptable to be living at home after you're 18 until I went to college. I grew up in a very high immigrants population area (I wasn't born here in the states). About 80% of my friends that I grew up with still living at home at college, despite the fact that they could move out easily. Wouldn't living at home until you are financially stable be a much better move? I just moved out of my parents and I'm 24, making 80k a year with over 100k in saving (paid off my debt within months of working my first year). Beside having a bit more freedom, my life is still the same as if I'm still home. Maybe it's time for us to rethink about moving at 18 and be in debt for the next 30 years? [link] [comments]  |
| Tax-loss harvesting ETF before end of 2018 after dividend reinvestment 3 days ago Posted: 25 Dec 2018 12:08 PM PST Hello everyone, I have a question on tax-loss harvesting. I read tons around but I did not find my situation (only ideal plans to avoid wash sales), so I would like to make sure my logic is correct. After tons of reading I was planning to do manual tax-loss harvesting this year on the 27th of December. I have around 1000 ETFs with a loss (~15k $) in Fidelity between ITOT and IXUS; the last purchase I did of them was on the 24th of November, so I was all good with the 31 days wash sale rule. (PS: My plan was also to move from ETFs to Mutual Funds when repurchasing to then enable auto investment every month). Silly me, however, forgot to turn off automatic dividend reinvestment on those 2 ETFs, and around the 20th of December Fidelity decided to buy 41.5 new ETFs divided between ITOT and IXUS (~2000$). I was thinking to still sell 1000 shares, incur a wash sale on 41.5 shares but still be able to tax-loss harvest 13k$ (instead of the original 15k$).
Thank everyone for the always valuable help this sub provides. Edit: I read the guidelines and even if what I describe here is a personal problem, I thought other people may be in my situation and it may help them to have a post like this, as there is no clear documentation online I could find from google searching. I thought it was similar in logic to this post https://www.reddit.com/r/financialindependence/comments/a7l3ih/manual_taxloss_harvesting_vtiax/ that got approved. If this post does not meet the bar, I apologize for it. Happy holidays everyone! [link] [comments]  |
| Are most people here not counting on Social Security? Posted: 24 Dec 2018 09:51 PM PST As someone who just recently entered the work force my fiance and I are concerned that we will be faced with higher taxes in the years to come. Does anyone else worry about the burden of continuing support for social security? [link] [comments]  |
| Posted: 24 Dec 2018 08:25 PM PST "Starting Jan. 1, 2019, the tax penalty will be repealed. If you don't have major medical health insurance for the 2019 coverage year, you won't be penalized." Do you anticipate this change to affect you in any way? [link] [comments]  |
| Did we ever predict recession successfully before? Posted: 24 Dec 2018 05:38 PM PST I am not an expert in finance, but this question always bother me. Many people "predict" that a recession will happen around 2020. But afaik, except a very few of us, most people got it wrong in the past. And a recession is a recession because most people get it wrong, no? Thanks! [link] [comments]  |
| Any word on Playing With Fire Release date Posted: 25 Dec 2018 01:55 PM PST Couldn't find any update on when it's coming out. Had heard early 2019 awhile ago but no update. [link] [comments]  |
| Retired? When to finally sell stock mutual funds in a bear market? Posted: 25 Dec 2018 06:18 AM PST Now that I am financially independent and retired I have converted my retirement portfolio to 50% Total Stock Market, 25% Total Bond Market and 25% CD's. I read somewhere that the experts say you should not sell stocks or stock mutual funds that have lost money as part of your retirement withdrawals. Instead, you should sell your bond funds or cash equivalents while you wait for the stock market to recover. Sounds good but the devil is in the details. Here is an example: Bob retires on January 1st, 2018 with $500K in a Total Stock Market Fund $250K in CD's and $250,000 in a Total Bond Market Fund. He plans an annual withdrawal of 3% of his starting portfolio adjusted each year for inflation. His plan is to take a year worth of withdrawals on January 1st of each year going forward. Let's say the stock market drops 30% in 2018. And his CD's and Bond Funds go up 3%. So now he has $350,000 in his stock fund (down from $500,00) in at the start of the year. And h has $515,000 in his bond funds and CD's (Up from $500,000 at the start of the year.) Bob does not want to sell anything from his total stock market fund because he would now have a real loss instead of a paper loss. So he decides to sell $30,000 from his bond mutual fund. It is now December 31st 2019, one year later and the stock market has gone up 10%. But his stock portfolio is up from the start of the year but still down from the date he retired. His CD's and Bonds went up 3% again. What investment should he sell now? (On December 31, 2019) Should he sell 3% of his total stock market fund because they did go up10% in 2019, or the bonds and CD's because this stock portfolio is still down in total? (Yes, the stocks went up 10% but they are still down because a 30% drop in 2018 would need a 60% gain to break even.) Should Bob wait until he breaks even (January 2018 starting point) on his stock portfolio before he starts selling this investment to fund his retirement? How should this work? [link] [comments]  |
| Fairly new to this and have some lingering questions, mainly about withdrawal strategies Posted: 25 Dec 2018 03:03 AM PST So I've been reading a lot about FI and I've recently started funneling money into vanguard, and I think I'm more or less set with my 10 year plan, but I did have a few more questions about stuff that I haven't been able to find satisfactory answers to yet.
Thanks for the advice and have a merry Christmas! [link] [comments]  |
| Do you get jealous of the fashion/lifestyle bloggers and house features in luxury magazines? Posted: 24 Dec 2018 09:50 PM PST I follow a lot of fashion people on Instagram. A local Bay Area fashion blogger named Chrisa posts a lot of IG photos on her latest couture outfits that cost in the tens of thousands as she travels to fashion shows in spring & fall in NYC, Paris, Milan. SacBee did a house feature on the couple's newly constructed 4-acre designer modern inside-outside home. Another article is about Chrisa's expansive closet of haute couture items. I researched that her grandfather founded a real estate business in Sacramento that's been in business for 40+ years buying up commercial real estate in Sacramento. This makes the granddaughter a 3rd gen real estate tycoon. The wealth disparity between middle-class and the ultra-rich is so huge in the USA. Stories like Chrisa's can feel discouraging for regular people trying to save for FIRE. Even a middle-class person who saves $2million by age 40 would still hesitate to buy a $10k handmade couture gown on a whim. Maybe I should stay away from Instagram, Vogue, Harper's Bazaar, and not follow all the glitzy fashion people on Instagram. Have you ever felt discouraged from reading lifestyle/fashion magazines or blogs that portray a glitzy lifestyle and how do you cope? Or, have you felt encouraged from the richest 0.1% in their lux lifestyles that it motivates you to start your own business to have a ultrahigh NW to potentially afford that lifestyle? [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