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FIRE Financial Independence Retire Early

The FIRE bowl is a community that shares learnings in pursuit of achieving Financial Independence and Retiring Early.

84.5K members
  1. works at PwC

    We were aiming for 250k per kid for 529s. Looking at college costs these days I don’t think that is going to be nearly enough? What are people targeting?

    17
  2. works at EY

    So how exactly are people affording so many luxury purchases nowadays? I thought I did things right - $225K+ job, $2M net worth, 36, live way below my means, invest in indices vs speculating, etc. Yet...

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    15
  3. Client Partner

    I’m 40. Make a combined 400k in HCOL with 2 kids. We have ~1.2 in investments and lot of home equity. Financial advisor is recommending we save and work at our current pace until 64. He put together t...

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    15
  4. works at PwC

    Have $1.8M between retirement and personal accounts. I have a paid off house valued at $220k. I paid $70k. I live in lower cost. Single, no kids by choice. 41 years old and make $240k plus bonuses. ...

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    26
  5. Attorney

    For those with adult kids, how much do you spend on them now, and what is typical for upper middle class families? I know this is highly variable, but I’m trying to get a sense of it for retirement bu...

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    5
  6. Strategy Senior Manager

    I’ve been lurking here for some time and decided to post. Turned 45 last week and it kinda suddenly hit me. Married, two kids. Own a $1M house (with 20y mortgage). I have about $100k in savings and an...

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    7
  7. Recruiter

    At what income would you be okay spending $3,500 to buy a ticket to see the Knicks in the finals?

    1
  8. Principal

    Milestone update 🎉🎉🎉 $2M NW. Despite my title, this is a big achievement for our family. 39yo recently turned entrepreneur, an immigrant, single income with 3kids. We hit million mark over 2 years ...

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    50
  9. works at EY

    I hate corporate so much - would you exit now with these numbers and if so, any coast fire ideas? In comments…

    4
  10. works at Protiviti

    For those close to FIRE: How are you all hedging sequence of rate risk? For example, if the first 5 years of retirement are critical, how are you positioning for this? What ETFs do you use outside of ...

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    5
  11. Director, Software Engineering

    I have a question as I plan for an early retirement. I’m 47, married and two kids under 10. Been investing in 401k since my first job, currently at 2.5M. Vast majority of my savings have been going...

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    5
  12. works at Deloitte

    My firm offers a pension plan. When I retire, I have the option to take a lump sum or an annual pension (various options available under the annual pension plan, such as me only, me+spouse after my pa...

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    2
  13. works at PwC

    Just reached Net Worth of $7 million. 56 years old. $1.8 million of it was inheritance. Of the $7 million, $1.1 million is real estate. Thoughts?

    7
  14. works at Deloitte

    How can I be on my way to FIRE? I’m 25 and my partner is 26, together we have a $230k NW not including our home. It still feels so far away and jobs do not feel secure. Currently make $171k combined p...

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    2
  15. works at Deloitte

    First gen immigrant to US. Early 50s. Kids in college, saved enough to pay for them. LCOL. Have mortgage, but no other debt. Had a FIRE goal of $3M, have comfortably blown past it. Why do I now sudden...

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    3
  16. works at Bain & Company

    Just curious what spend fellow consultants are targeting in FIRE? For me, $150k coming out which includes healthcare and taxes so like closer to 100-120k of actual spend for 2ppl. Maybe we are cheap!

    3
  17. Business Architect

    For any Christians in the bowl, what do you think about Luke 12:16 - 21? I’m 4-5 years away from hitting my goal but I’m having a hard time with this…

    7
  18. works at EY

    If I reach my FIRE goal but am not ready to retire yet, how do I secure my ability to retire whenever I choose to in the near future? For example, if my goal for FIRE is $5M invested and I hit that, a...

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    3
  19. Associate

    Do yall have any weird investments? Considering investing 500k into a racetrack resort

    1
  20. Recruiter

    Excluding home equity, what is your networth?

    1