Financial Independence Daily FI discussion thread - September 24, 2020 |
- Daily FI discussion thread - September 24, 2020
- Retirement planning for your unborn children
- Safe loan sites for young adult with no guarantors?
- Daily FI discussion thread - September 18, 2020
| Daily FI discussion thread - September 24, 2020 Posted: 24 Sep 2020 01:06 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]  |
| Retirement planning for your unborn children Posted: 24 Sep 2020 01:40 PM PDT I've been thinking about something for a while. I want to set up my children to be able to not need to worry about retirement. At least... Not as much as I, and a lot of the people on this sub, do. Essentially, I want to put some money away, invested, that will grow enough that they'll be coastFI from birth. A few quick calculations suggests that $10k per child at 7% annual return is perfect, leading to an average of a bit over $800k at age 65. Any thoughts on how to get it to them with the least tax burden? What about protection from creditors? My current plan is to "pay" them $5000 each year for the first two years of life (like as photography models - maybe make and sell a baby calendar at a loss) and dropping that money into a Roth IRA on their behalf, but I'm not entirely sure if that'll work the way I expect it to. Obviously this would push my FI date back by a bit, but I can't help but think it'd be worth it. [link] [comments]  |
| Safe loan sites for young adult with no guarantors? Posted: 24 Sep 2020 04:21 PM PDT Hi, I'm trying to find a £1000-£5000 loan to move out and start up my business but I'm struggling with finding sites that seem legitimate that don't have insane interest rates, I'm 20 with not much of a credit score and I can't work full time so any advice is appreciated [link] [comments]  |
| Daily FI discussion thread - September 18, 2020 Posted: 18 Sep 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. [link] [comments]  |
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