Financial Independence Daily FI discussion thread - June 26, 2020 |
- Daily FI discussion thread - June 26, 2020
- When would you consider a commute worth it?
- Does anyone else ever get discouraged by seeing other people's numbers with huge salaries?
- Weekly FI Frugal Friday thread - June 26, 2020
- Shouldn't we be calculating the present value of a Roth pre tax?
| Daily FI discussion thread - June 26, 2020 Posted: 26 Jun 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]  |
| When would you consider a commute worth it? Posted: 26 Jun 2020 10:12 AM PDT There's something I've thought about on and off for a little while. With the direction my career is headed, I see the ability to arrange things in such a way that I could do a large chunk of my work remotely. I also have a dream of eventually living in a mountain village. But, the place where I will likely be spending the rest of my career is about an hour down the mountain in the valley. So I'm considering what the turning point would be. Any decision to buy something up there is realistically years away, plenty of time to consider upsides and downsides of actually being there. In the meantime, what would I consider to be little enough commuting to be worth it? 5 days a week commuting? Nah, for me that's too much. 3-4? Not sure. 2 days a week? Now I am interested. For me, it ties into desired lifestyle. Plenty of us on here are not wanting to stop work entirely, just have the freedom to get a better work/life balance. I had been thinking in the past in terms of 'where would I live when I retire?' Instead, if work is arranged well, I can get the benefits of the retirement location even earlier. What would it be for you all? To live in your desired location, what would work have to look like for you, and how much would you be willing to commute to get it? [link] [comments]  |
| Does anyone else ever get discouraged by seeing other people's numbers with huge salaries? Posted: 26 Jun 2020 02:54 PM PDT Especially when they're younger than you. I see people here with *really* good salaries posting these crazy fire numbers. Im happy for everyone, but at the same time, it kinda stings. Im a 32 year old guy sitting on some pretty unimpressive numbers. I have an average salary that iv been able to leverage by living in a LCOL country. But that's been out of work for 5 months due to Covid. I dont have any assets. Just a humble amount of savings, but nothing that would turn any heads. Does anyone else here feel discouraged by something similar? [link] [comments]  |
| Weekly FI Frugal Friday thread - June 26, 2020 Posted: 26 Jun 2020 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]  |
| Shouldn't we be calculating the present value of a Roth pre tax? Posted: 26 Jun 2020 08:18 AM PDT We all work towards a FI number that represents a savings amount at which we can take a safe withdrawal rate that will meet your yearly income needs. That yearly income number is calculated pre tax. Since more than half of my retirement savings is in a Roth, doesn't it makes sense to calculate the value of a ROTH account differently than a Traditional one?
Do you agree with this method of calculation? I have never seen this concept discussed before and none of the financial or retirement calculators treat Roth distributions differently than Trad distributions. [link] [comments]  |
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