Financial Independence Daily FI discussion thread - Saturday, August 28, 2021 |
- Daily FI discussion thread - Saturday, August 28, 2021
- I kinda FIRE'd and it's been terrible.
- Do you include a pension account (untouchable until 55) towards your Fire number?
| Daily FI discussion thread - Saturday, August 28, 2021 Posted: 28 Aug 2021 02:02 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]  |
| I kinda FIRE'd and it's been terrible. Posted: 28 Aug 2021 02:20 PM PDT I have been following this sub for years and diligently working towards FIRE. This year, we (mid-30s married couple with two kids) got to $750k brokerage+cash, $800k home value and no mortgage or any debts. Then my husband got a windfall at work ($600k) as well as a big raise (income now at $400k/year). So I decided to pull the trigger and FIRE. I left my $200k/yr corporate job and retired at 36. I was not prepared for the onslaught of judgment from others as well as my own insecurities. Well-intentioned messages like, "You are so talented, why are you giving up?", friends who are working moms emphasizing, "Wow, I could NEVER give up my career to be with my kids!" and the most hurtful, my mother-in-law constantly calling me unemployed and a "lady of leisure". I picked my kids up from a sleepover at my in-laws house today and I could feel distinctly from her: "why am I watching your kids when you have no job?" Or maybe I am projecting. I don't know if it's FIRE, or the complexities of modern womanhood, but this has been a terrible experience. I wanted to FIRE so I could be a stay-at-home mom with my school-aged children. It seemed the best of both worlds -- they are in school during work hours, so I get time to myself, and I get a lot of quality time with them when they are home. But so far I just feel impatient with them and insecure with myself. I have a good daytime routine of running and lifting, going to bible study, hiking with friends. I cook nearly every day now for my family, which I really enjoy, and get enough time for naps and reading. Everything is going how I planned and how I wanted to spend my time. Why do I feel so horrible? And when will it stop? [link] [comments]  |
| Do you include a pension account (untouchable until 55) towards your Fire number? Posted: 27 Aug 2021 09:37 PM PDT My goal is to have $1 million invested to comfortably FIRE. I have $500k invested in ETFs. My employer requires me to work another 10 years to retire with a pension. My pension statement indicated that I have almost $500k (my contributions+company match+growth) in my pension account. If I were to quit tomorrow that $500k would be transferred to an account that I won't be able to withdraw from until 55. I am 45. Should I count my pension account towards my Fire number and be able to Fire tomorrow? [link] [comments]  |
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