Financial Independence Daily FI discussion thread - October 30, 2019 |
- Daily FI discussion thread - October 30, 2019
- Interesting stat: Months I've made forward progress vs. months I've gone backward
- Frustrating that we can't tell anyone about our FI
- Article: Research shows that early retirement can accelerate cognitive decline
- Weekly Self-Promotion Thread - October 30, 2019
- Those who retire very young by moving from coastal areas to the Midwest, do you feel like a burden on the hard working coastal NIMBYs? When it comes to healthcare by relying on ACA, overall tax burden being much lower thanks to solving housing in a much cheaper way...
- Having trouble understanding the wealth accumulation aspect of FI due to dividend issues.
| Daily FI discussion thread - October 30, 2019 Posted: 30 Oct 2019 01:07 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]  |
| Interesting stat: Months I've made forward progress vs. months I've gone backward Posted: 30 Oct 2019 02:28 PM PDT I've been tracking my monthly progress on a chart for about 18 years now. Occasionally I like to take a look, not at the dollars, but rather at months where I've made forward progress vs. those I haven't. Just like with weight loss or anything else, huge progress is made by taking lots of baby steps forward. Of course, having income from a job helps fill in small gaps created by market downturns, but sometimes that isn't enough, so I have a month where I end up with less than I started. But most of the time, I'm inching forward!
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| Frustrating that we can't tell anyone about our FI Posted: 30 Oct 2019 03:01 PM PDT Late 50s, LCOL area, and we sold our second home today. Our investments plus cash passed $1.2 million. No debt and home paid for so I guess we're millionaires. But we really can't tell our family or friends. We figure it would open us up to being put upon. How do you all deal with this? Just keep living a frugal life and smile a lot? Honestly, I don't think I know how to not be frugal. [link] [comments]  |
| Article: Research shows that early retirement can accelerate cognitive decline Posted: 30 Oct 2019 01:26 PM PDT Link: https://www.eurekalert.org/pub_releases/2019-10/bu-rst102919.php The study seems to focus on those 60 and above in rural China who were able to stop working due to pension benefits. I'd be curious to hear the community's take on this issue. Edit: Found a link to the actual paper cited in the study - http://ftp.iza.org/dp12524.pdf [link] [comments]  |
| Weekly Self-Promotion Thread - October 30, 2019 Posted: 30 Oct 2019 01:07 AM PDT Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in /r/financialindependence, and these posts are removed through moderation. This is a thread where those rules do not apply. However, please do not post referral links in this thread. Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely. Link-only posts will be removed. Put some effort into it. [link] [comments]  |
| Posted: 30 Oct 2019 03:12 PM PDT the coastal NIMBYs seem to be shouldering the burden we got rid of or will soon get rid of. [link] [comments]  |
| Having trouble understanding the wealth accumulation aspect of FI due to dividend issues. Posted: 30 Oct 2019 09:01 AM PDT I've read that most people here are investing in VTSAX. I assume this is being done in a brokerage account due to no IRS limits, as opposed to an HSA or IRA with contribution limits. If the investments are being done in a brokerage account, if VTSAX pays out close to 2% in dividends, that's a huge tax liability, is it not? If your nest egg is $2,000,000, let's say your half way there at $1,000,000. Every year your subject to $20,000 of dividends, which pushes up your tax liability. Am I missing something? To me, it's hard to understand the benefit of investing in dividend paying stocks if you have to invest in a brokerage account due to maxing out your other pre tax/post tax accounts. Side note, wouldn't this also ruin the back door roth conversion strategy as the dividends would be pushing you into an necessarily high bracket? TL;DR How does FI work if you're savings more than what the IRS allows you to in pretax accounts without being slammed by capital gains on dividend payouts? Edit: For clarification, my post asking for alternatives for supplemental retirement savings after maxing out tax advantages accounts other than brokerage accounts. For those asking me to provide an alternative, that's what I'm asking. But it seems like most have no alternative and invest in brokerage accounts anyways. Thank you to those with legitimate responses. [link] [comments]  |
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