Financial Independence Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - December 13, 2021 |
- Weekly “Help Me FIRE!” thread. Post your detailed information for highly specific advice - December 13, 2021
- Daily FI discussion thread - Monday, December 13, 2021
- Back door Roth plans if BBB hasn’t yet passed on January 1
- Weekly FI Monday Milestone thread - December 13, 2021
- Daily FI discussion thread - Sunday, December 12, 2021
- Geographic arbitrage and barista FIRE
| Posted: 13 Dec 2021 02:01 AM PST 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, December 13, 2021 Posted: 13 Dec 2021 02:02 AM PST 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] |
| Back door Roth plans if BBB hasn’t yet passed on January 1 Posted: 12 Dec 2021 10:13 AM PST The Build Back Better bill, which is currently in the Senate, would eliminate back door Roth IRAs from January 1, 2022 on. There's a real scenario that it could pass, but just after January 1. In the scenario that the bill passed in late January or later, what about people who did a back door Roth IRA on January 1 or 2? The current text of the bill states January 1, 2022 as the date from which Roth conversions would end. For that to be pushed to 2023 or later, the bill's text would have to be amended. Do you think that they will amend it to push it to apply one year later? Do you have any examples of similar scenarios for retroactive tax laws like this? What are your personal plans (if you would normally do a back door Roth IRA on January 1)? [link] [comments] |
| Weekly FI Monday Milestone thread - December 13, 2021 Posted: 13 Dec 2021 02:00 AM PST 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] |
| Daily FI discussion thread - Sunday, December 12, 2021 Posted: 12 Dec 2021 02:02 AM PST 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] |
| Geographic arbitrage and barista FIRE Posted: 12 Dec 2021 10:06 AM PST I used to work a second job at Amazon to make extra money with my spare time. It was an easy enough job and a nice break from the "thinking" work of my FT career. I could see myself working a job like that for the first few years of retirement, barista FIRE style. One interesting quirk I've been thinking about: Amazon's $15/hr minimum wage. At the time, it didn't mean much to me since the minimum wage of my HCOL city was also $15/hr (and, contrary to Amazon's advertising, they only paid minimum wage in my city,) but I don't plan on retiring in a HCOL area. What are some thoughts on barista FIRE in a LCOL area, specifically working for a company with a national "minimum wage" substantially higher than the local minimum wage? [link] [comments] |
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