Financial Independence Daily FI discussion thread - March 31, 2020 |
| Daily FI discussion thread - March 31, 2020 Posted: 31 Mar 2020 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]  |
| Nearing or Post-FIRE: if you keep 1-2 years worth of expenses anywhere, where do you keep it? Posted: 30 Mar 2020 09:40 PM PDT I'm 27 and starting to gather steam for FIRE, and my company offers free advice from a financial adviser so I figured why not. He mentioned that I should keep 1-2 years worth of expenses in either a HYSA, cash value life insurance, or annuity. I've definitely heard of folks here keeping 1-2 years worth of expenses handy in something less risky than equity to weather out bad years and protect against sequence of return risk, but I don't have too much detail as to where to keep it. Wanted to get some thoughts from the community here-- what do you guys do? Bonus Q: are any of you even using a HYSA to withdraw from during your first few years of early retirement in case the market tanks, or do you think you're covered by a conservative enough withdrawal rate (or bond tent?) to hedge against sequence of returns risk? [link] [comments]  |
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