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    Financial Independence Daily FI discussion thread - June 30, 2020

    June 30, 2020

    Financial Independence Daily FI discussion thread - June 30, 2020

    Daily FI discussion thread - June 30, 2020

    Posted: 30 Jun 2020 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.

    submitted by /u/AutoModerator
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    Isn’t It Scary to Retire Early?

    Posted: 30 Jun 2020 06:52 AM PDT

    A little background. I'm 50. I've worked as a defense contractor for 28 years. If I work 600 hours next year I qualify for the pension. Now here is the rub, if I don't take it next year, I have to wait until I'm 65 to get anything at all, so another 14 years. I'm confident in my finances and the guaranteed income will be great! My bills will be paid off but I'm still nervous about leaving this job and huge source of security I've had for well over half my life. How did you deal with those feelings? How did you deal with not seeing the people you've been around constantly?

    submitted by /u/Blugill69
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    S&P500 return averages w/ inflation & dividends [Spreadsheet!]

    Posted: 30 Jun 2020 11:36 AM PDT

    I created a spreadsheet showing CAGR averages/percentiles for S&P500 with inflation and dividends: https://docs.google.com/spreadsheets/d/1y906_xwOLaKXYXq1AfXFFZizZz79HRKz9GwaoxbQu1o

    If you just want to see a screenshot of the summary, here you go: https://imgur.com/a/9Oy3ATK

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    I created this to verify numbers I keep seeing thrown out on what the 'average' return of the market is. Other sources may not include inflation or dividends, and may give an average that's based on an unrealistic number of decades. And it's more informative to know what the range of returns.

    So, since I'm considering Coasting for the next 20 years, I can expect my retirement money may realistically grow by 3.4% - 10.2% annually, and it is possible to see returns approaching the historical worst case 0.8%.

    submitted by /u/z_fi
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    Now that I have a cushion, I can't find the motivation.

    Posted: 30 Jun 2020 10:55 AM PDT

    I (27M) have saved 25k which is invested in ETF's, and 15k currently in a HYSA. No debt.

    I've run a small company doing home services for the last 3.5 years. Got probably 10-15k worth of tools, all paid off.

    When I started my company I worked myself to the bone, and now that I'm at a stage where I can coast a bit, I'm finding it hard to find the motivation to work.

    When I started, I had debt, and no savings, so I was pretty desperate to turn things around. I had a very strong reason for doing what I was doing.

    Now that I'm not in desperation mode anymore, and I have a bit of a cushion, I find myself valuing free time much more than money. I feel like that should be a positive thing, but my brain is making me feel guilty for not chasing the money like I used to.

    I do want to retire early, but for a few years there I felt like I was sprinting through a marathon. I've realized that I don't make enough money to be one of those people who retires in their 30s, and I can't imagine pushing myself as hard as I have been for decades to come.

    If I can make a comfortable living working 3 or 4 days a week, why shouldn't I? Sure retirement will be pushed back, but I also don't want to destroy my body in the process of getting to retirement. My work is very physical.

    I've lost my motivation I guess. Need to figure out a new "why". Or maybe I shouldn't, and just figure out how to enjoy my time off more. I absolutely love hiking and camping, but I never have the time or energy to do it. Just makes me wonder where my priorities are. I used to know..

    submitted by /u/Nebula_Nine
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