So... I reached my FIRE number that, according to calculators, has a 99% probability of success with a 2.7% withdrawal rate. I still can't get myself to retire because of the sequence of returns risk ...
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The FIRE bowl is a community that shares learnings in pursuit of achieving Financial Independence and Retiring Early.
So... I reached my FIRE number that, according to calculators, has a 99% probability of success with a 2.7% withdrawal rate. I still can't get myself to retire because of the sequence of returns risk ...
read moreI just had my first child and we are preparing childcare. a nanny (or nanny share) is more aligned with our concerns for her well being in this first year. The problem is that we’d have to stop 401k c...
read moreMy parents (65 and 59) are immigrants and I fully support them financially and do all their financials. Is it possible for me to open up IRA for them and invest my savings into their account to additi...
read moreI got to FIRE faster than my husband. I want to stop working but kinda feel bad he still has to. AITA? I would still contribute to half of the household expenses and obviously all my personal spending...
read moreCan anyone share their journey from 1M to 2M nw? It feels like we have been stuck on this journey a while. Granted our journey from 0-1M was before children. With children, savings are definitely slow...
read moreIs anyone planning to FIRE in NYC? What's your number? I'd love to stay in the city as someone who doesn't want kids but it feels daunting...
How often do yall calculate your TNW and why? I only have a vague idea about it (somewhere between 2.5 and 3m, I think) but I dont really focus on it and its not something I track closely.
Over the last 10 years, our NW grew from approximately $300K to $3M; my original FIRE target. Of course, inflation has changed the equation and my adjusted FIRE number is now $5M, which I expect to re...
read moreIdeally, how would you prefer to FIRE? Lean - quickest but minimal annual spend in retirement Coast/Barista - save aggressively early then able to stop saving and work a less stressful job, PT, or ...
read moreWhat would your FIRE number be with an annual expense of 250k and a 35 year retirement horizon. Investable / liquid number only - not including primary residence. Thank you!
I was surprised to see that some (or maybe even a majority) of you are at 100% equities. Why? Is this what advisors are advising nowadays? What's the breakdown of your allocations? (i.e. large / small...
read moreI have a couple kids that I'm trying to teach about investing. They both chose to put different amounts of money in their Robinhood accounts to invest. I put it in VTI for them. They are now down beca...
read moreWhat would be everyone's advice on where to invest for a beginner looking to save for an early retirement?
41 yo and $750k in 401k. Still contributing 5% because of employer match but at this point wondering if it’s even worth it anymore to keep contributing and instead use the extra cash for investing int...
read moreI just ran calculators and discovered I can basically CoastFIRE today and safely retire at 50 with a 3.25% withdrawal rate. If I keep working and saving, I could retire at 40. The withdrawals also ass...
read moreRetire EOY at 57. Spend $12K/mo, extra $50K/yr first 15 yrs. No legacy planning. Sell $2M house for assisted living. No windfall just saving with a frugal lifestyle & no kids. $2.5M pre tax Spend ...
read moreLet's try another fun poll! Where are you planning to live in retirement?
CoastFire for lawyers - I am an SEC/M&A attorney at a public company and am pretty close to hitting my CoastFire number (hopefully in the next 5ish years). I'm curious what attorneys have done to Coas...
read moreWhat’s the best app for doing tax planning and roth conversions in retirement and mapping out spending etc? Not sure if this exists but I’d love an app where I can input all my financials and it gives...
read moreLooking for some help: I had a great conversation with a stranger who gave some great advice for a crypto ‘vehicle’ to invest in and I can’t remember what it is called now. She said that it has all th...
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