Financial Independence Anyone else wants to retire early because they do not believe they won't have much time to live after retirement? |
- Anyone else wants to retire early because they do not believe they won't have much time to live after retirement?
- Being FIREd is not all bad .... Just sayin'
- Another reason we do this, even if we never RE
- Did you retire and move to a foreign country? Where/how/do you like it there
- Daily FI discussion thread - April 26, 2019
- A little perspective... and bragging.
- Close and anxious
- Most money earned from 401k in a year?
- Weekly FI Frugal Friday thread - April 26, 2019
- Which is the better pick if you want to FIRE?
- Early retirement ended...early
- Is getting a second job at minimum wage worth it to increase your savings rate?
- Is it ever too early to Coast fire?
- Money from my mom’s family and sibling..
- Looking for suggestions to optimize my financial future.
- Tiny House FI Life
- I don't know if I can ever RE should I focus on living well?
- The case for Fidelity HSA and IRA accounts
- The social costs of extreme frugality
| Posted: 26 Apr 2019 03:53 AM PDT The retirement age where I live is 68 years. I am 24 now but I already had a good portion of health issues. I really doubt I will make it past 70 so the whole social security and retirement system seems totally useless and irrelevant to me. I don't want to work until the day I die and I don't have a wife or children to take care of me when I'm old or sick, so I just want to buy myself at least a couple more years of work-free time to focus on my hobbies. I was just wondering if there are other people with same motivation. Typo in the title, meant to say "will" instead of "won't". [link] [comments]  | ||||||||||||||||||||||||||||
| Being FIREd is not all bad .... Just sayin' Posted: 26 Apr 2019 12:05 PM PDT There are so many new posts lately about how unhappy people are because of FIRE. (Sort by new, and you'll see what I'm talking about.) I don't think it's a coincidence that almost all of them are posted through shiney new accounts. Maybe it's a bunch of trolls. Maybe they are sincere. I have no way of knowing that. But FWIW, I, for one, am a very happy camper in retirement. Interestingly, I've been the most grateful I could do this when times have been the toughest. Without getting into details, in the past couple of years, life has had its tough moments. Everything from hospitalized family members with life-threatening conditions to the death of an immediate family member. During those darkest of times, I felt so free and happy to be there for and with them without having to juggle work issues or cares about the financial ramifications of the problems at hand. I've also been able to focus on my own health and have made big strides with weight loss and chronic health problems. I've been generally a happy person all along, but not having to worry about work or money has removed a lot of barriers to contentment. I say keep at it and ignore the naysayers! [link] [comments]  | ||||||||||||||||||||||||||||
| Another reason we do this, even if we never RE Posted: 25 Apr 2019 04:50 PM PDT Boss being a major dick today. ✔️ Check Mint: FU money and NW still intact. ✔️ Continue working without stress. ✔️ [link] [comments]  | ||||||||||||||||||||||||||||
| Did you retire and move to a foreign country? Where/how/do you like it there Posted: 26 Apr 2019 08:03 AM PDT I have occasionally seen articles where people talk about the LCOL in other countries, but I have never heard the real scoop from someone who has done it and isn't selling something while they talk about it. So those of you out there who did make the move, what's the real info? Where did you go, how hard was it to move there/what did it take, and what do you like/dislike about it so far? In particular, I would love to hear if anyone moved to another country from America in order to be in an area with a less expensive/risky healthcare system, if such a move is even feasible. How did that work out? [link] [comments]  | ||||||||||||||||||||||||||||
| Daily FI discussion thread - April 26, 2019 Posted: 26 Apr 2019 01:08 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]  | ||||||||||||||||||||||||||||
| A little perspective... and bragging. Posted: 25 Apr 2019 08:33 PM PDT I have a chase credit card which I use like a debit card... stick to a budget and pay it off every two weeks. Today, I was playing with the app on my phone and realized, I only spent 12k on expenses last year... food, clothing, entertainment, auto. This is literally the federal poverty level, and 20% of my income! Living in an RV and with boyfriend, packing my lunches, enjoying the quiet life... this is how I kill 20k/year in debt and set myself up for FIRE. Thank you r/financialindependence for your support! [link] [comments]  | ||||||||||||||||||||||||||||
| Posted: 26 Apr 2019 09:15 AM PDT I'm close to my FIRE number (about a year away) so I'm planning/plotting in more detail but I feel nervous ( insurance even tho I looked into ACA snd it seems very reasonable) about it where it takes away some of the excitement.... 50 M divorced w/ adult children.... I'm wondering if some/most FIRE'd people have felt this? Seems normal but I would like to hear from the good folk here.. Edit*** part of the 'anxiety' is wondering if I should keep working to more help out sons (maybe it's catholic guilt ) [link] [comments]  | ||||||||||||||||||||||||||||
| Most money earned from 401k in a year? Posted: 26 Apr 2019 04:12 PM PDT I know this question is somewhat vague and we shouldn't gauge investments on a yearly basis but I've been maxing my 401k for a few years now and have finally see my results grow pretty good this year, so far my investments have increased 31k for the year. Just curious what type of results I could expect once my nest egg gets bigger. [link] [comments]  | ||||||||||||||||||||||||||||
| Weekly FI Frugal Friday thread - April 26, 2019 Posted: 26 Apr 2019 01:08 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]  | ||||||||||||||||||||||||||||
| Which is the better pick if you want to FIRE? Posted: 26 Apr 2019 03:39 PM PDT I find all of the low-expense index funds confusingly similar... Which is the better pick for both long term and short term growth... which is better for FIRE? FSKAX:Fidelity® Total Market Index Fund 4 year average dividend yield of 1.65% Expense Ratio of 0.015% Objective Seeks to provide investment results that correspond to the total return of a broad range of United States stocks. Strategy Normally investing at least 80% of assets in common stocks included in the Dow Jones U.S. Total Stock Market Index, which represents the performance of a broad range of U.S. stocks. OR VTSAX: Vanguard Total Stock Market Index Fund 4 year average dividend yield of 1.87% Expense Ratio of 0.04% Objective The investment seeks to track the performance of a benchmark index that measures the investment return of the overall stock market. Strategy The fund employs an indexing investment approach designed to track the performance of the CRSP US Total Market Index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. [link] [comments]  | ||||||||||||||||||||||||||||
| Early retirement ended...early Posted: 26 Apr 2019 01:53 AM PDT Well team...it was only just weeks ago where I was discussing how I managed to retire early at 30, and now everything changed. Because I had never written a resume in my life or applied for a job (I've been Air Force since I was 18), I decided to draft a resume and send it to a job I had zero experience with. Two weeks later, the recruiter calls me and asks some basic questions, the day after, a second recruiter called me and we had an hour and a half long technical interview. I had zero knowledge on approximately 80% of the systems they use. They asked me about education and I said I could gear my educational goals to whatever suited the companies needs ( I think they really liked that). After the interview, the recruiter said someone will get back to me in a couple weeks. Long story short, the very next day, they called me back and said my interview went fantastic and they want to hire me over the other candidates....what the hell did I just do? Sorry if this story doesn't belong here, I'm just honestly in shock at how fast everything is going, I was looking forward to slowing down! [link] [comments]  | ||||||||||||||||||||||||||||
| Is getting a second job at minimum wage worth it to increase your savings rate? Posted: 26 Apr 2019 02:14 PM PDT Let's say you're single and have a pretty good office job that pays the bills and has plenty left over for savings. Is it worth getting a second part-time job around minimum wage purely to increase your savings rate? Where I live, a part-time minimum wage job would bring in about $1,000/month after taxes for working only 25hr/week. [link] [comments]  | ||||||||||||||||||||||||||||
| Is it ever too early to Coast fire? Posted: 26 Apr 2019 10:36 AM PDT Is it ever too early to Coast fire ? My current situation - age 29 with enough invested assets that will grow to my fire number over the next 13 years assuming a real terms net growth of 7%pa. I've started to lose motivation in work and my world view has changed so much recently yo the extent I am just wondering how long I can keep going in current position. Each extra year will take me a a couple of years closer to fire. Is it too early to Coast fire now? If i was to find more meaningful work that would likely only pay for my living costs. [link] [comments]  | ||||||||||||||||||||||||||||
| Money from my mom’s family and sibling.. Posted: 26 Apr 2019 03:29 PM PDT Hi all, I know this isnt the right place to post my concern..Just hoping to get some feedback I am just a typical daughter with my mom fighting breast cancer.. My family including the distant ones, and cousins been very kind enough to support me with paying the medical bill for treatment ( US is very expensive) But the thing is, I get a call from the bank to confirm with me on the trasaction. (I usually received 10k at once and make a payment) I explained and it was fine but it is alarming to receive a call from the bank every time. In order for me to prevent a call from the bank, I was thinking of opening an account from "different" bank and distribute the deposit For example, I only have a checking account with BOA and my "whole" family deposits money on that one single account Instead of just using BOA, open a checking account with CHASE to make deposit on two different bank account. 5k to BOA and another 5k to CHASE would this work? Thank you [link] [comments]  | ||||||||||||||||||||||||||||
| Looking for suggestions to optimize my financial future. Posted: 26 Apr 2019 03:17 PM PDT Hi All - Hope ya'll having a good Friday! Hoping to get some kind guidance and suggestions on what could be done as next steps to further improve my financial state. - 30M, In Relationship, San Diego, Working in IT Solutions - Received green card this week after years of uncertainty. So, that means i can now work on my dream to actually settle in the beautiful US. - 130k annual salary including company stocks but now looking for new opportunities primarily because of manager who don't care about my career - 41k cash - 27k company stock - 42k 401k (increased savings to 15% today, been fluctuating between 3%-7% before) - Expense Highlights: - $1600 per month rent - $500 per month parent support(asian root❤️) - $300 grocery+eating out - $190 per month netflix/spotify/cell/wifi/utilities - $45 per month haircut+new clothes - $1100 per year car insurance - $900 per year car maintenance - $110 per month miscellaneous
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| Posted: 26 Apr 2019 03:06 AM PDT My wife and I have really been warming up to the idea of building a nice tiny house after touring a bunch and seeing how reasonable they are. We live in a relatively LCOL area right now, but really want to move back to the mountains where things tend to be more expensive. Buying/building a tiny house in cash seems like an excellent way to get to those nice areas while still keeping the same standard of living, so I'm wondering if anyone else has gone that route and has some insight. I understand the value probably won't appreciate like a house, but dang, $60k all in plus land is enticing. I'm sure once kids are in the picture we would consider a sfh, and at that time I'm thinking Airbnb could pull some money back out. I originally started down the #vanlife rabbit trail, but that one got veto'd pretty hard! [link] [comments]  | ||||||||||||||||||||||||||||
| I don't know if I can ever RE should I focus on living well? Posted: 26 Apr 2019 12:01 PM PDT I only make about 47k in a high COL area. I'm 26 and I always thought my career would be further along by now. I have no real retirement savings besides a wimpy Roth. And just recently managed to contribute to a 401k. I could stress about my career go more corporate to try and make more money to retire early but I don't enjoy corporate life. I'm considering focusing more on hobbies and passions and reducing my expenses as my career hasn't been fufilling and I'm burnt out trying to squeeze water from rocks. Ideally I can forge a fufilling life with a small price tag and work a low stress job as my form of FI. Is this a bad idea am I throwing in the towel too early? [link] [comments]  | ||||||||||||||||||||||||||||
| The case for Fidelity HSA and IRA accounts Posted: 26 Apr 2019 05:56 AM PDT This sub in general recommends Vanguard as the recommended low fee brokerage, however Fidelity has lower fees making them better for tax advantaged accounts like HSA and IRA when using a recommended 3 fund portfolio. HSA:There are zero recurring fees, opening fees or closing fees. Along with full access to the same funds as any other Fidelity account. This is the best HSA by far. IRA:Whether Roth or Traditional, using Fidelity's new zero expense ratio funds, you will have a lower total expense ratio on your 3 Fund Portfolio. 3 Fund Portfolio Comparison:Total US Stock, Total International Stock, Total US Bond Expense Ratio listed first
Total Expenses:Total US Stock, Total International Stock, Total US Bond
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| The social costs of extreme frugality Posted: 26 Apr 2019 01:53 PM PDT Hi I just want to here how the sub feels about this issue. So browsing this sub I see a ton of advice about buying the cheapest functional version off every thing possible. get something that works with lowest lifetime cost. Unfortunately, most cheap items come with some hidden social cost: cheap dairy comes from inhumane factory farms, cheap clothes comes from sweatshop in undeveloped countries, cheap beef production is leading to deforestation in Brazil, cheap chocolate comes from cacao farmers making subsistence wages in the Ivory Coast, Etc.. I don't want to focus on single issue but generally most cheap items have some more expensive version without the social cost. How to do extreme savers justify using the cheap products when they can afford the more socially conscious option? I am not trying to be preachy I honestly just want to hear your thoughts. Also I know more expensive doesn't automatically mean better. expensive clothes can be made in sweatshop just the same cheap ones. However, ethical production inherently can't cut some cost saving corners. [link] [comments]  |
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