Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - October 21, 2019 |
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice. - October 21, 2019
- Daily FI discussion thread - October 21, 2019
- Growing retirement spending more than inflation annually
- Weekly FI Monday Milestone thread - October 21, 2019
| Posted: 20 Oct 2019 11:08 PM PDT Need help applying broader FIRE principles to your own situation? We're here for you! Post your detailed personal "case study" and ask as many questions as you like, or help others who've done the same. Not sure if your questions pertain? Post them anyway…you might be surprised. It'll be helpful to use our suggested format. Simply copy/paste/fill in/etc. But since everybody's situation is different, feel free to tailor your layout to your needs. -Introduce yourself -Age / Industry / Location -General goals -Target FIRE Age / Amount / Withdrawal Rate / Location -Educational background and plans -Career situation and plans -Current and future income breakdown, including one-time events -Budget breakdown -Asset breakdown, including home, cars, etc. -Debt breakdown -Health concerns -Family: current situation / future plans / special needs / elderly parents -Other info -Questions? [link] [comments]  |
| Daily FI discussion thread - October 21, 2019 Posted: 21 Oct 2019 01:09 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]  |
| Growing retirement spending more than inflation annually Posted: 21 Oct 2019 06:03 PM PDT I was talking with a coworker who retired five years ago and decided to come back to work last year. They said there were two reasons - 1) they didn't know what to do with their time and 2) the health costs ended up being $500 more per month than anticipated for a total of $2,500 / month. I was a bit surprised by the $2,500 / month number and started digging into the cost of insurance vs age and it seems that insurance is an expense that out paces inflation which made me curious how to consider a cost that would grow beyond inflation annually when it comes to finding your FI number. Using the 4% SWR (or pick your favorite number), which grows your total expenses at inflation, how much contingency would one have to add to account for an expense ($700 / month) that grows beyond inflation (6% a year Medicare kicks in) assuming the rest of your expenses grew with inflation? [link] [comments]  |
| Weekly FI Monday Milestone thread - October 21, 2019 Posted: 21 Oct 2019 01:09 AM PDT Please use this thread to post your milestones, humblebrags and status updates 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! 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]  |
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