Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - May 03, 2021 |
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - May 03, 2021
- Daily FI discussion thread - Monday, May 03, 2021
- Early retirement impacts Social Security payment calculations less than many think
- Crossing the hill for early retirement -- when should I start to include bonds?
- Weekly FI Monday Milestone thread - May 03, 2021
| Posted: 03 May 2021 02:01 AM 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 - Monday, May 03, 2021 Posted: 03 May 2021 02:00 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]  |
| Early retirement impacts Social Security payment calculations less than many think Posted: 03 May 2021 02:19 PM PDT It's that time of year when the folks at SSA send out their annual statements about future benefits. Out of curiosity, I compared my most recent statement with the one I received back in 2014, the last year that I worked prior to FIRE'ing. I was pleasantly surprised at the relatively modest impact my early retirement had on my benefit calculations and I thought some here might find it interesting to have a real-world example. By my 2014 statement, my monthly benefit at 67 (FRL) would have been $2,887 assuming that I continued to work every year until retirement with a similar inflation-adjusted salary each year. By my 2021 statement, my monthly benefit at 67 (FPL) is now going to be $2,232, factoring in that I retired at 37 and never earn any SS-reportable income again. So the impact of FIRE'ing at 37 was a reduction in benefits of 22.6 percent in my case. That seems like a rather minor ding compared to 30 more years of working and paying additional taxes in to the system. [link] [comments]  |
| Crossing the hill for early retirement -- when should I start to include bonds? Posted: 03 May 2021 02:57 PM PDT I've been of the 0-5% bonds mindset for many years, but I know that you want more when you are ready to retire. Well, the FI voyage has been going well and I'm at the point where I should be able to retire in about 10 years if things keep up. Now, I don't want to start including so many bonds that 10 years turns into 15, but at what point should I introduce bonds to my portfolio -- and how? Thanks for any advice! [link] [comments]  |
| Weekly FI Monday Milestone thread - May 03, 2021 Posted: 03 May 2021 02:00 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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