Tag: option trading

submitted by /u/Pinkdeadpool007 [link] [comments]

submitted by /u/RhinoInsight [link] [comments]

Read through Father Foundation’s exec orders and he wants companies to dig into federal lands to get them tasty dinosaurs and minerals. (Do we already export more oil than any other country? Yes. But he wants us to dig some more). This will surely benefit domestic rare earth miners. Anyone have the scoop on who might be giddy about these orders? submitted by /u/ChamberofSarcasm [link] [comments]

submitted by /u/1kto1mill [link] [comments]

so I’ve got this new formula. After a 180+ day hiatus (lazy peace of… ), three days in the basement has me horned. *Honed. Since November 14th, I’ve been collecting 500,000 rows of Amazon product data per day—tracking price changes, sales volume changes, and correlating them with stock market returns. Please check out my results. Once you have, the question is: does a market the size of Amazon correlate with (or give prediction inference to) specific stock returns. The x variables in this experiment: Amazon. Department sales volume & prices delta per day. The y variable? Next day, intra-day returns. Basically: can you train a random forest model on Amazon market data today to predict the return of a stock tomorrow? I’m sure I’ll gain traction going green tomorrow, but here’s a heads up. F u guys for thinking otherwise. Posting and pinning link to powerbi report below. submitted by /u/This_Cardiologist242 [link] [comments]

submitted by /u/SunAdvanced7940 [link] [comments]

“(4) Following the postponement described in paragraph 3, no further action needs to be taken for those rules that raise no substantial questions of fact, law, or policy. For those rules that raise substantial questions of fact, law, or policy, agencies should notify and take further appropriate action in consultation with the OMB Director.” The rescheduling process has already been put in the federal register and gone through the public comment period. It no longer is locked up in ALJ hearings. The new administration will review and most likely reschedule cannabis to schedule 3, fulfilling one of their promises on the campaign trail. submitted by /u/jmu_alumni [link] [comments]

25% tariffs on Mexico and Canada starting on Feb. 1. submitted by /u/JadeLizardKing [link] [comments]

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Puts on TSLA? submitted by /u/str8shillinit [link] [comments]

submitted by /u/_Kenway [link] [comments]

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Hi all, seeking advice on how to prioritize some competing savings goals. Background: early 30s, DI2K (both under 5), HHI 250k, MCOL, current invested assets ~$800k. Adding $80k/year to retirement accounts. Hope to reduce working hours in about ten years and and fully retire in 15-20, depending on how we feel about our jobs, our financial situation, and our kids' financial situations. Goal is ~$2M in today's dollars with a paid off house, and not counting college savings for kids. In the next few years, as kids finish up daycare we'll have an increased cash flow (extra 2500/month starting in September 2026 and another ~2500/month starting in September 2028). We feel good about our current retirement savings rate, so we'd like to put this cash flow towards two other savings goals: pay off mortgage, currently $380k at 6.6%, house value is ~$570k, 27.5 years left. Principle and interest is $2600/month. Would ideally like to be paid off by the time we fully retire/kids out of house for our own peace of mind. save for college, currently have nothing put aside. We'd like to be able to pay for whatever reasonable educational goals they have and are using 4 years of private school as a benchmark. I know not everyone agrees with this much support, but that's not a topic I'm looking to discuss today. If we pay off the mortgage early, we'll reduce our expenses, can reduce our AGI around college time, and hopefully get some more need based aid. We also have a guaranteed 6.6% return (assuming we don't refinance, we're not counting on lower interest rates). The downside is that the money is less accessible if college costs are higher than expected. We have a shorter time horizon for college savings, and I feel like we're already behind. There's lots unknown; kids could get full scholarships or not go to college at all or want to do expensive undergrad + expensive grad school. We are nervous about overfunding a 529 AND about coming up short. If we were short, we would likely take out Parent Plus loans (more favorable terms than a HELOC) or would have them take loans upfront and help pay back. If we step back from our jobs in ~10 years as planned, we would have less income but would put less towards retirement, hopefully evening out. So what's a FIRE family to do? Is it optimal to pay off the mortgage first since we know that expense and wait on the college savings until that cost is more clear? Split the difference and put some money towards each goal? Just save it all in a brokerage and wait to decide what to do with it? Your insights are very appreciated! submitted by /u/diamondskindx [link] [comments]

Hi all, looking for financial advice to achieve financial freedom in these uncertain times. The last year of aggressive layoffs has renewed my vigor to free myself of financial dependency. 33M living in a HCOL area currently working for a fortune 500 company in a technical-adjacent role with a recent promotion from IC to a first time people manager. 33F Fiancé is an attorney (8th year) working for a major US law firm who intends to go in-house once kids are in the picture in the next 1-2 years (job market allowing). Our goal is to work because we want to and not because we have to. Early retirement is a cherry on top. No kids yet but planning to have 1-2. I work in a role that will likely be extremely impacted by AI in the next 5-10 years. We are being up skilled on the job to use these AI tools and overall I am content at my current employer. However, I am planning for a worst case scenario where future job prospects become extremely limited. Fiancé is in a secure position at this time; an integral member of her practice group. She mostly just wants to work less hours. We do our best to keep monthly expenses low. We generally take 1 modest vacation a year. We don’t waste money on frivolous or extravagant purchases. We eat out at most once a week. My NW: 1.2m Her NW: 500-600k Pay: - Mine: 170k/year, 15% bonus, 100k unvested RSU - Hers: 450k/year, 100k bonus (we assume salary goes down 50% if in-house works out) Financial Summary: Mine: I had a late start to investing due to relatively low salary early in my career and the HCOL. Saving grace was joining my current employer where the stock price went up >300% during my time here and they were extremely generous with RSU up until the last 2 years. Brokerage and Roth are split between VOO, VTI, and QQQ. 401k is target retirement fund. HYSA: 350k. Money for purchasing a home Brokerage: 65k Roth IRA: 70k 401k: 270k Vested RSU: 390k ESPP: 50k Checking: 20k No debt Hers: It took Fiancé longer than expected to obtain the big law job (now her 3rd year there). For the first 5 years, she was extremely underpaid + a mountain of school debt. As a result, she began meaningfully investing for retirement ~4 years ago. I am less certain about the specific figures below as she isn’t next to me as of writing this. These are estimates that are fairly accurate. Can’t recall what her brokerage and 401k investments are. HYSA: 300k. Money for purchasing a home Brokerage: 50k 401k: 175k Checking: 25k No debt (250k of school debt paid off by family member when she started the big law job) Expenses: - Monthly Rent: 5,500 - Monthly Groceries: ~800 - Utilities: 500-800 depending on time of year - Car insurance: N/A - both of our parents are fine with us staying on their car insurance until we get married - Phone bill: N/A - same as above - Fiancé personal trainer: 3,000 every 3 months. Will be dropped after the wedding in 2025. Wedding in 2025: - 20-30k: By far the largest known expenses in 2025. We’ve had the vast majority of our wedding covered by generous family. We will pay the remainder ourselves We contribute 15% of our salaries to our 401ks, and I continue to be enrolled in my company’s ESPP. Admittedly, I have gone light on DCA in 2024 in my brokerage due to some extenuating circumstances and know this is something I should rectify in 2025. How do you all think we’re doing? Are we behind, on track, or ahead of the curve? Any advice on what we can do to improve would be greatly appreciated. I’ve identified areas I know I can improve but would love to hear more from people who are more financially literate than ourselves: - Nail down actual monthly expense and create a monthly budget tracker - Continue DCA in 2025 - Exit large position in company stock (hyper growth days are over IMO) If I missed any salient info let me know and I’ll do my best to provide. Thanks in advanced. submitted by /u/blockduration [link] [comments]

Calls on mother nature submitted by /u/tigri88 [link] [comments]

Brief background - my day job is as a Senior Finance manager at a big tech firm and I have passed all 3 levels of the CFA (not currently working as an active CFA Charterholder). The following is not investment advice. Been doing hours of research on Carvana since the Hidenberg Research report came out. https://hindenburgresearch.com/carvana/ TLDR on the report - there's suspect accounting practices coming out of Carvana. Also looked through all Carvana's 10Q and 10K for the past few years and it does seem that they are turning things around. From a Wall Street perspective, Carvana is doing great. Their margins are going up, they are reducing inventory, net income and EBITDA are both consistently rising... by all financial metrics this company has turned things around. Here's the kicker. How is this possible in an environment where used car prices are going down (https://site.manheim.com/en/services/consulting/used-vehicle-value-index.html), their loans are over 50% subprime - deep subprime, and their only loan buyer, Ally Financial, lost 20% market cap because they said that on the auto side, their credit challenges have intensified? It's hard for an outsider to know where to disconnect is but after looking through hundreds of pages of published financial documents, this is where I'm guessing the disconnect is. Carvana includes the following in their proxy statements: “The Board may approve transactions only if it determines that the transaction is on terms no less favorable in the aggregate than those generally available to an unaffiliated third party under similar circumstances”. This means that Carvana can not take unfavorable terms with a third party, a statement which would typically be included so Carvana cannot just pay a related vendor exorbitant amounts of money for equivalent service. However, I believe Carvana is abusing this statement in the opposite way. I believe Carvana itself is getting extremely favorable terms, especially with DriveTime (related private third party) and also the potentially related third party loan buyer per the Hidenberg report (Cerberus). If what I believe is happening is true, this means Carvana can sell cars and loans at a significant margin to DriveTime (CEO's dad's private company). DriveTime's internal books would look horrible but Carvana's books would look amazing. CEO's father Ernie Garcia II has recently sold $1.4b of the company's stock. By contrast, Carvana's quarterly net income has been in the $0M - $85M range. If Ernie Garcia II uses even half of the cash generated from these stock sales, he could well cover any loss DriveTime is incurring from buying Carvana's junk. Per the Hidenberg Research report, "A former Carvana director responsible for wholesale inventory told us: “[Selling cars to DriveTime is] a lever that’s not talked about. It’s kind of like Fight Club… there’s certain things we don’t talk about, and we don’t talk about DriveTime.” Here's the problem. I don't have experience in legal and I don't know if what they are doing is legal or illegal. I haven't heard of anything that says a private company cannot offer favorable terms to a public company. So as long as the stock keeps shooting up, Ernie Garcia II can keep selling stock to cover the cost of buying Carvana's inventory at a premium, which will make the profit per unit look incredible in a down market. As long as they keep doing this strategy, Wall Street analyst will see the metrics continually beat historicals and raise their price forecast, which will create a cycle that perpetuates this behavior. However, this is not an infinitely sustainable process and if this is what's currently happening, the house of cards will eventually crumble. I feel like I have spent way too long looking into Carvana's annual filings and Hidenberg's report. Feel free to ask me anything and I'll do my best to answer with my best opinion. Disclosure: I own puts on Carvana. https://preview.redd.it/pwovtkwww6ee1.png?width=1438&format=png&auto=webp&s=b06fce0a62aadba69a2f68f8401e33de94aff7c3 https://preview.redd.it/dxuxo6gyw6ee1.png?width=1438&format=png&auto=webp&s=680449327edc5079b86c964fe7c30372b4560bee Edit: Apparently I should work at Wendy's because I can't spell Manager correctly either. Edit 2: There are a few catalysts that I am hoping for: 1- Ally Financial management realizes how bad delinquency rates are and cuts ties with Carvana. Ally releases earnings on Wednesday and major news would affect the price of weeklies. I will do a full analysis on Ally's financials on Wednesday to see if I can get any more details out of them related to Carvana. 2- New unrelated party loan buyer is exposed to be a related party causing more SEC investigation into related parties. 3- Grant Thornton decides they don't want the risk of a relationship and drops Carvana. 4- Lawsuits around Carvana expose fraud. 5- Whistleblower comes out against Carvana. submitted by /u/Quick_Increase6718 [link] [comments]

When I first put my FIRE spreadsheet together, I set a goal of $3M dollars. That goal is in terms of "today's dollars", which at this point is 7-years-ago dollars. I used 5% stock market growth rates to conservatively account for inflation-adjusted stock market returns. I'm realizing now that my $3M figure in my spreadsheet is still using 7-years-ago dollars. Does this mean I should be updating my goal figure by real inflation each year to give a more accurate view of my progress towards FIRE? Seems like without updating, I will appear to be further along my FIRE journey than reality as time moves forward. But then again, as inflation goes up, so do my annual expenses, and perhaps that increase in expense should be the actual barometer for how much the goal needs to increase each year. Do folks in this community do this reconciliation on your spreadsheets each year? How do you go about it? submitted by /u/FIREgenomics [link] [comments]

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We eating good this week submitted by /u/WarmMinimalist [link] [comments]

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This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. Replies are expected to be constructive and civil. Any questions about your personal finances belong in r/PersonalFinance, and career-seekers are encouraged to also visit r/FinancialCareers. submitted by /u/AutoModerator [link] [comments]

I was lucky enough to get a remote offer for a software engineering job that pays 90k annually, after I graduated this December, and I just want to have the validation of others to make sure I'm doing this right. I've been following the flowchart and the wiki. I might be switching to another job that pays 110k and a 7% 401k match but I'll make a different post about that lol)/ Just some information about me if it matters (I want to lay it all out to see if there is anything someone recommends changing): I am a 22m that is still listed as a codependent, I currently live with my mother at a relatively LCOL area (Florida) with no state income tax. Growing up, my family has been on the lower income side. Making lower that 50k a year. Graduated college debt-free with a computer science degree My father passed away 5 years ago and the house is currently under my name, but my mom just pays it every month My car insurance, health insurance, utilities, phone bill, and grocery bill is covered by my mom. My main expenses: Gym membership ($18/month w/ $60 annual fee) Weekly volleyball sessions ($28 monthly fee) Bills: Been covering the internet bill for the house ever since college (for some reason lol): $90/month Pay mom monthly rent of $300 Monthly take home pay after taxes(I get paid biweekly): About $5.5k Pay after my expenses are taken into account: 5073 My only credit card is: Chase Freedom Unlimited® Credit Card My plan: I want to be financially stable and go on trips with my girlfriend HYSA (w/ Wealthfront): I have 2.5k in it. Will contribute money until it reaches 8k-ish. Using as my emergency fund. Traditional 401K: Employer doesn't offer any match. I want to to try to reach the limit 23.5k. If I don't switch jobs, I will have to put roughly 2k a month into my 401k. HSA: Can't have one because I am under my moms insurance (?) Roth IRA (w/ Fidelity): Max out Roth IRA for 2024 and 2025 ASAP. Invest 100% into VTI Once I reach my HYSA and Roth IRA goals: I want to save $1k a month and put towards a travel budget so i can travel with my gf around Japan once she graduates this may. This money will just be put in my HYSA, but I'll just keep track of it. Put the rest of my extra money into HYSA into I get to this point and decide what to do it later (don't want to plan to much to overwhelm myself and things can change). However, I will limit myself to only using $500 dollars a month on hobbies/personal items, but I doubt I'll spend this much because volleyball/watching TV/video games/gym is my main source of enjoyment. Always have 4k in my checking account Things I think I could change / Questions I have: Change internet providers (?). It seems like my promo has run out and they have slowly increased the bill ever since Do I need to increase my HYSA? I live with my mom currently so I'm not sure how the 3-6 month of expenses apply to me? I don't plan on staying here for a long time, so might as well build it up? Because I am under my mom's insurance, I'm not eligible for a HSA right? Should I change my 401k to Roth or should I keep it traditional? I hear that most people do traditional 401k and Roth IRA. Is there a credit card that I should using or should I be opening more accounts to get more benefits? I worked at my internship last year that made me over 10k, that means I can contribute to the 2024 IRA fully right? Any advice is welcomed, and thank you in advance! My family isn't financially literate so I'm just trying my best to prepare myself for the future. I know its a lot information, and I appreciate anyone that takes the time to read it. If there is a more appropriate place, please redirect me :)) submitted by /u/Snaphu1 [link] [comments]

This post contains content not supported on old Reddit. Click here to view the full post submitted by /u/wsbapp [link] [comments]

submitted by /u/TheBooneyBunes [link] [comments]

Throwaway account. 42 M from Canada, married with 3 kids Aiming to retire in 5 years. Following are my assets: Primary Residence, $1.6 million. Just have $130k mortgage left on it. 3 rental properties that bring in $9600/ month and after paying mortgage and other expenses I net $4000/month. I have around $800k of equity built into my rentals but I am not planning to sell them. I have $600k invested in RRSP, TSFA and non- registered accounts , going with 60-40 split to be on the safe side. I also have $250k invested in the company (private equity firm) work for and expect that to at least double in next 5 years. I also have around $150k invested in commercial real estate through my corporation. Not earning any income but just building equity. Planing on selling that in the next 2 years. Wife works in healthcare and brings $90k/year. And that covers our monthly expenses. I plan to save my $100k after tax income entirely for the next 5 years to add to our retirement portfolio. we are paying to kids RRSPs in full so I expect them getting $80k each when they turn 18. To summarize: Annual rental income - $48k Stock investment portfolio- $600k which is expected to grow to $1.1 million in next 5 years from me just adding to principal amount. Invested in my company- $250k, expected to be $500k in 5 years. $150k in my corporation. I am expecting 5% rerun on my investment. I like to withdraw $100k annually during retirement. To me it seems doable but I would like your opinion on any pitfalls that I am not seeing. P.S- my company investment is very safe due to the industry we are in. submitted by /u/MajorEngineering1505 [link] [comments]

Had 10 contracts and paper handed, missing out on over $20k. Although I was still green on the trade, it’s like blue balls. Oh well, on to the next trade! submitted by /u/stevie869 [link] [comments]

What you guys doing with NFLX? Also we thinking it’s gonna split this time around? Seems like last time they did 7-1 split when it was ~800 submitted by /u/HomoeroticBear [link] [comments]

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. submitted by /u/AutoModerator [link] [comments]

I am/was a mechanical engineer mostly having worked contract jobs in the space, aerospace, defense sectors. I had finished a 2 year contract with blue origin (spacecraft sector) in 2023 at age 53. They had offered me a permanent/direct job afterwards but I just felt kinda burnt out and I calculated I could call it quits indefinitely, so i turned it down. This retirement plan entailed me living as an expat in my favorite beach town 40 miles south of cancun (called playa del carmen) for 3 to 6 months out of the year. Plus maybe 3 months/year in the philippines and various other countries. and finally, about 3 months/year in the usa travelling around in my camper van. All these options are very low cost and I could do it for $35k/year give or take. I've made some bad financial mistakes tho. i had maybe $415k in my retirement accounts before the pandemic which were diversified in various mutual funds. I knew early that the pandemic would tank the markets eventually, so i converted all my holdings into stable money markets (basically just cash). The market did tank badly as the pandemic progressed. fast forward 4 or 5 years. for various reasons, i never shifted my retirement money markets back into diversified mutual funds and such. I probably missed out on doubling that $415k. I also (stupidly) heavily invested in what i thought would be a very stable dividend stock (it was classified as a dividend aristocrat for decades). basically $200k (or 1/3 my cash) went into that stock. the stock tanked and i just stupidly held on to it. the dividend was cut in half and it was de-listed from the dow. that was a major kick in the guy. it's possible it comes back but it will take forever. it's a big setback. so now, i only have about $500k total in cash (currently invested in CDs). my retirement accounts are still at about $415k but they are at least earning something since shifting them to CDs too. I have 2 paid off houses (been paid off for about 10 years) with a current total estimated worth of $600k. I rent both houses out for a current total of $40k/year gross income. (well, one is currrently vacant and i'm working on redoing the flooring which is much more work than i expected). I would be trying out my expat lifestyle if i wasn't currently tied up with working on that house. I am single, never married, no kids (don't ask why because everyone does and i get tired of it. i've had a lot of trauma, heartbreak, depression, alcoholism, negativity, etc in my life). I now feel that my financial situation is not solid enough and i regret not taking that direct/permanent offer with my last contract job (at blue origin). maybe i'll feel better when i finish working on my rental house, get it rented and then try out my expat experiment in various countries. submitted by /u/red_five_standingby [link] [comments]

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I plan to roll these into 2028 calls in June. You viewing this post helps me make money, appreciate it 🫡 submitted by /u/oldwhitch [link] [comments]

submitted by /u/ZadarskiDrake [link] [comments]

I was reading a financial independence book when something didn't quite make sense to me. Its hard to point out, so this may end up quite a long post, I apologize in advance. The first steps are analysis, lowering expenses, increasing wealth, and creating savings. All of these makes sense. Then you begin investing your savings after having enough liquid cash to survive 6 months with your usual expenses. They give an example: year one you earned 4% on $100, adding four dollars to your capital. year two you apply 4% your capital now $104, and you earn $4.16. Add it to your capital. year three apply 4% to $108.16 and you earned $4.33. add it to your capital. year four apply 4% to $112.49 and you earned $4.50. Add it to your capital. so far, I still understand the point is that you build wealth at a percentage so the amount that you get every year increases and the amount that you add in from the increasing amount increases too. The big idea is that you take the amount of money you have in your account invested, multiply it by the interest rate (in the example above the interest rate was 4%), and that’s how much monthly investment income you have. Now here’s my big question: Is it really income if you have to reinvest it? logically speaking instead of spending that 4.50 dollars your 112.49 earned, you should re-invest it into the capital again and on year five you will have 4% of $116.99 and so then you’ll earn $4.68. And so on and so forth. so where is the part where you actually profit? it is infinitely better to keep on reinvesting the money than to ever actually use it. There's another example in the book that’s meant to point out the total assets (amount invested) that i’d need based on expenses. I've already calculated that i’d need at least 40k per year. if you divide the amount of expenses by the interest rate (lets bring back that 4% for example’s sake), then I would need $1,000,000! That goes into the same investment income math though. if I have $1 million on year one I would earn 4% on that $1 million which would mean having 40 K to reinvest in my capital. And of course on year two if I apply that same 4% into the capital which is now $1,040,000 then I would earn 41,600. I would be an idiot to actually use the 40,000 of the “investment income” when I know I can get more if I don’t and just reinvested it. So where then is the financial independence? I feel like there is some math that I’m missing here. submitted by /u/Such-Ad-3597 [link] [comments]

I think this will crash on Tuesday. I wanted to sell but I got caught holding the bag on Friday. Please tell me am I fucked? submitted by /u/Smartmoney243 [link] [comments]

This is an update to my post six months ago about being prematurely FIREd. Here's what I did in the last 6 months and my plans for this year: Took a one month trip to SE and East Asia ($7300) Officially separated from the company (I was given 2 months to find a new position within the company), received severance Bought a cheap laptop to replace the company-issued MacBook ($150) Took a one week trip to Chicago by Amtrak ($1500) Renovated my kitchen ($35k) Just returned from another 45-days SE Asia trip ($7000) Received about $5k in unemployment benefits With more free time, I was able to occupy myself doing these things: Cooking and baking, using my new kitchen Solo hiking Ironically, I spent less time on one of my other passions once I had more free time (lost interest). Hopefully I will get it back once I settle in from all the traveling. For health insurance, I took advantage of the 2 months I was still covered under the old plan (before my separation) to take care of all my needed shots, clean my teeth, and get new glasses. I didn't buy insurance for the two months after separating, counting on COBRA to retroactively kick in. For December, I bought travel insurance while overseas. Starting in January, I bought a high deductible plan for catastrophic coverage, subsidized through ACA. Here are my plans for 2025: Through a connection from my alma mater, I will try my hand at teaching a course for a quarter Take a couple of overseas trips, though with less budget (~$2k of each of my 2024 trips was spent on gifts for others) Budget for about $50k in income by selling enough of my RSUs and buying VTI, and converting some of my 401k to Roth. Receive about $5k more in unemployment benefits I'd welcome any suggestions on what else I can do or if I should do anything differently. submitted by /u/anonymous_1983 [link] [comments]

I’m planning to quit my job in about 5-6 months, and I thought it would be fun to share the transition with everyone. Using a throwaway because I periodically wipe my main account. All numbers are in CAD using 2025 dollars. Let the FINE (financial independence next endeavour) journey begin! Numbers 44F. Single. No kids. Medium-High COL. Ontario, Canada. No mortgage and no consumer debt. Current Assets Net worth - $2.0m Retirement Assets - $1.3m Asset Balance House $700k TFSA $150k RRSP $285k Non-Registered $850k DCPP $15k Asset allocation – 80/20 Pension Income Source Annual Income Start Age DBPP $18k 60 CPP ~$10k TBD (65 at the earliest) OAS ~$9k 65 Target RE Spend (Gross) - $65-70k I will likely be receiving a 6-figure inheritance in the next 10-20 years. On the low side, we’re currently projecting $400k, but that’s very much subject to change and not included in my financial planning. Withdrawal Strategy I’m planning to use a variable withdrawal strategy. For the first 15-20 years, my WR will be about 5% with guardrails set at 4% and 6%. All very much subject to change based on the markets. If necessary, I could cut my spending back to 3% without much difficulty. Circumstances would need to be quite dire to reach that point though. I’ve laid out some portfolio limits on when I would need to cut back spending and/or start thinking about finding an outside income. These limits will vary over time. In the early years, my hard floor is currently set at about 60% of my starting balance. A sustained downturn (>1-2 years) at that level would require a mandatory return to work. A minimum wage job would be enough in that circumstance. I would not need a full-time professional salary. Tax Planning I’ll be withdrawing from all three of my accounts (RRSP/TFSA/NREG) in various percentages to balance my tax load. I plan to continue to max out contributions to my TFSA every year, withdrawing only the cash distributions at first (which will also increase my contribution room each year). For the first 15-20 years, the priority will be draining my RRSP. The goal is for that account to be near empty by the time my pensions start to switch on at 60 and 65. After that, it becomes a juggling act between the various accounts to keep my taxable income under the OAS clawback limit. I don’t see this being too difficult, but it’s something I’ll need to be aware of. Based on my calculations, I should be able to keep my effective tax rate in the 8-10% range to start, increasing to about 10-12% in later years. The Story I’ve had a 20+ year career in healthcare technology, working in technical project management for the last 5-6 years. My original plan was to permanently retire closer to 50 with about $1.8m in RE assets. Making the decision to walk early with a lower than planned nest egg has been a process. It’s something I’ve wrestled with for several months. Despite being completely burnt out, I’ve really struggled with the idea of leaving so much career potential on the table. My peak earning years are just starting, and I have a lot of upwards trajectory left. Ultimately, it comes down to a health decision for me. My stress levels have been red-lined since 2020. The workload went parabolic during Covid, and it hasn’t slowed down since. There are no signs of change on the horizon, and the chronic stress is starting to impact both my physical and mental health. So, something needs to give. FAQ Why not switch jobs, go part-time, or take LOA? Part-time jobs are unicorns in this industry. There are a few out there, but it would absolutely require moving. I’m not currently in the mental head space to make that type of decision. We’ll see how things look after I’ve had time to reset and recharge. My current employer rarely approves leaves of absence. Also, I have no desire to continue working for them. I did consider switching jobs for quite some time. I eventually came to the realization that I’m done with the industry. It is moving in a direction that I don’t like, and there is little enjoyment or satisfaction left for me. Also, I have shit to do! Haha! I have a long list of things I want to do, experience, and learn, and I’m tired of trying to cram it all into 3-4 hours a day. Work is getting in the way of living my life the way that I want to. Why wait 6 months? Part of the reason that I gave myself a long runway rather than just walking away now is that I wanted to have the option of making this a permanent early retirement. Since I’m still quite young, I fully expect to bring in some sort of an income in the future. I wanted that to be optional though and not a necessity. $1.25m is my rock-bottom minimum RE number, and I’m barely past that. I wanted to find a balance between preserving my health and padding my bank account balance as much as possible before I walk. I also need some time to finish re-organizing my accounts for withdrawals. Plus, I want to stick around for my 2024 bonus payout. Have you told your employer? Yes. I've always been very open about my plans to retire early. All of my immediate team are very much aware of my timeline. My manager knows I'm leaving this year, but doesn't know exactly when yet. I'll probably be giving formal notice some time in February. There is zero risk of being walked out early. *** If you made it all the way to the end, thanks for reading! Happy to answer any questions. submitted by /u/FIRE-Throwaway80 [link] [comments]

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. submitted by /u/AutoModerator [link] [comments]

Running my numbers, it looks like I may be required to get my kids healthcare through CHIP rather than the ACA marketplace. And this may or may not also sign me up for SNAP in my state........ Has anyone here run into this during early retirement? Did you increase your AGI so kids could get into ACA plan with family? I'm running into a bit of a moral dilemma with qualifying for CHIP. submitted by /u/itchybumbum [link] [comments]

Hey everyone, with my FIRE number in sight, I have started to think about the next phase. To be honest, the withdrawal phase seems a bit more complicated than the accumulation phase. I have compiled a list of reading regarding insurance options and withdrawal strategies but I admittedly have not yet dove as deep into the subject as I would like. Anyway, my tentative plan has always been to retire with 2MM and a paid off home and live off $60k to $80k per year depending on the market performance that year. I want to make sure that I'm setting realistic expectations for how much money I will be able to spend every month and I understand that after taxes and health insurance I might not end up with that full $60-80k in my pocket every year. I'm curious - for those who had reached FIRE and are in a similar situation as me, how much do you actually end up with after you take care of taxes and insurance? I'm in Virginia, US and 35 years old by the way! submitted by /u/fz-09 [link] [comments]

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. submitted by /u/AutoModerator [link] [comments]

Do I need my investments to be with a financial advisor at 22? Hey Everyone, I have a question regarding financial advisors at a young age, and here is so background context: I am not new to investing at all, I have been contributing to both my Roth IRA and taxable accounts ever since I turned 18. I was urged to put my money with my parents’ Financial Advisor firm and started my ROTH and a taxable account with them (at 18 years old). During my sophomore year of college, I ended up interning with them under my current CFA. Although, presently (22), I only contribute to my Roth with my advisor, I have roughly 10k with them in total. I genuinely enjoy and have had a really pleasant experience with my advisor and their team. My issue at hand is: 1) I have to pay a management fee (inherited a fee of 0.25% annual of AUM). 2) My Roth has appreciated 8.79% since 2021. Consider that I did invest during high valuations and COVID implications. 3) I have such a small amount of money with them. A small amount of money, the management fee, and lack of need for advisement during this year of my life makes me question if I need my assets under an advisor. I am a 22M entering the workforce with degrees in Econ/MIS. No debt and ~25k in assets. There are currently promotions to move my Roth to various brokerages with a transfer bonus (2-3%). I am entirely confident in my ability to invest, and very fiscally responsible. What do you guys recommend doing? My Family has a good relationship with the firm, I just don’t want to make the wrong decision here. Do I need my assets under management at 22? Feel free to ask any questions or need clarification. I appreciate any insight! EDIT: I have only about 50% of my investments with them, I trade on another brokerage. submitted by /u/BradyyoHD [link] [comments]

I am looking to take advantage of a backdoor IRA. This was the 2nd year I was able to max out my 401k so I'm moving onto the next goal, learning about backdoor IRAs. I am so grateful for what I have learned on the internet! I'm a first generation investor and I live in NYC. I am grateful for my progress after being quite irresponsible throughout my 20s. By the time I was able to figure out my finances, I was making too much to contribute to a ROTH IRA. Womp! I got married to someone who was still able to contribute to their Roth IRA previously, but not anymore because we got married and are just over the limit for Roth IRA contributions even if we file separately. I took a pay cut this year for work life balance and my MAGI will be about 155,000 and I estimate my partners will be around 120,000. Yes I am maxing out my 401k and HSA and am encouraging him to do the same for his this year. We feel annoying close to the minimum for Roth IRA 🙁 I have 17,800 in a Rollover IRA from an old job. I also have 33k in a 401k from another old job. I am trying to clean-up and take advantage of backdoor IRA on future growth Now on the questions - Should I convert one or both accounts to a backdoor Roth IRA? All of it? I am thinking it might be better to see if the market drops this year and do it then. Also, I have made 0 contributions to the Rollover IRA for 2024 and 2025. Should I contribute the max and roll it over if I am able? Or some amount, if any? I'm thinking yes as I believe there would be less of a tax implication if I did this and rolled over before investing. Thanks for your advice! submitted by /u/tellmesomethingg0od [link] [comments]

Hi everyone, I’d like to share my situation and get your insights on how realistic my early retirement (RE) plans are. I’m 50M, my wife is 47F, and we have two teenage kids. We live in a low-cost-of-living (LCOL) area in the South. Our long-term goal has been to retire early, well before 67. Now, we’re taking a serious look at our finances to assess where we stand. Financial Overview Net Worth: $1.9M Primary residence: $500K Retirement Accounts: 401(k)/IRA (self): 800K IRA (wife): $150K Roth IRA (self): $230K Roth IRA (wife): $75K Other Investments: Brokerage: $60K Cash: $70K Safety Net: $200K HELOC (untouched, available until 2032) College Plans: $150K in Roth IRAs reserved for kids' education. Key Milestones Mortgage free by late 2027 Kid 1 is expected to finish undergrad by late 2027, and Kid 2 by late 2029. No plans to downsize or sell our home. Retirement Planning We estimate needing around $75K/year post-retirement, assuming ACA remains as it is. Here’s the plan I’m considering: Aim for $1.25M in my 401(k)/IRA before retiring. Rebalance to a 70:30 portfolio at that point. Use the new 72(t) rule (5% distribution) to generate approximately $75K/year until 59.5. [ Annuitization Method ] Start Social Security at 62 (estimated combined benefit: $3,000/month). Keep other assets (brokerage, wife IRA, Roth IRAs) as an emergency backup. Questions Does this plan seem realistic, or am I being overly optimistic? Are there any steps we can take now to better position ourselves for early retirement? Any advice or suggestions would be greatly appreciated! Thanks for taking the time to read and share your thoughts. Update to answer questions : Yes, when backout the home and money reserved for college, current net worth is 1.2M I split it as two buckets: Bucket 1(72t bucket) : 800K Bucket2 (EverythingElse bucket) : 400K I split it that way, so that I don't mess-up the 72t account and also will have flexibility to withdraw in case of emergencies or one-off purchases/repairs. As of now, I do not have an exact age when I want to RE. Plan is to retire when , Bucket 1, my 800k IRA grows to 1.2M (Another 50%) growth. So, by then, Bucket 2, of my NW would grow from 400k to 600k giving a total NW of 1.8M. I assume it wont happen before 2027, so I don't see a path to RE before 2027. House will be paid-off by late 27 and Kid 1 will also graduate by then. I plan to cash-flow mortgage and Kid1 education until then. Also, plan to contribute 10k/year to 401K until RE. 75k/year is upper estimate and it includes PropertyTax/, HomeInsurance and IncomeTax. Includes cost for ACA (Medical/Dental with subsidies). It does not include mortgage payment as I would be mortgage free by end of 2027. Floor would be 65k. submitted by /u/Innerfortunes [link] [comments]

hey all. title pretty much says it all. we're in the accumulation phase, hoping to FIRE by 2035. i've been doing some planning around our target number, SWR, etc, and haven't come across any comprehensive resource on withdrawal strategies. i've found plenty on portfolio allocations and SWRs (thanks ERN), but not much on the actual execution of the drawdown phase. do y'all have any recommendations? basically looking for something to the effect of: start drawing on after-tax accounts then when those run out... start drawing on Roth accounts 3a. start a roth conversion ladder ~5 years ahead of when you'd need it or... 3b. set up SEPP from Trad accounts thanks y'all! submitted by /u/mitchell-irvin [link] [comments]

submitted by /u/cnbc_official [link] [comments]

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. submitted by /u/AutoModerator [link] [comments]

Been really trying to buckle down on my finances this year, and aiming for financial independence has been a big goal for me. But here's where I keep getting stuck, I feel this weird push-pull between wanting to save every spare penny and still, you know, live a little. Like, is anyone else feeling this? A little background, I'm in my early 30s, decent job, no kids, and I’ve been following the typical FI advice: maxing out the 401k, cutting back on extras, trying to stay away from those impulsive Amazon purchases (lol). But then I have these moments where I’m like, “Wait, is it okay to buy that concert ticket? Should I be putting this towards my FI fund instead?” It’s just tough, ‘cause I want to enjoy my life now, but I also really want the freedom to step away from the grind someday. It’s like I’m trying to balance on this tightrope and can’t quite figure out which way to lean. Would love to hear how others are handling this, especially if you’ve found that sweet spot between saving hard and still spending on what matters to you. Thanks for listening, and yeah, any advice or shared experiences would be awesome. submitted by /u/WhisperingSoul59 [link] [comments]

Hello fellow FIRE enthusiasts, I've been on my FIRE journey for about 15 years now and I'm 37. My intent was always to retire at 35 with a 1.5Mil portfolio and a paid off home which I assumed would be enough to fund a modest lifestyle for the remainder of my life. I did reach my goal at 35 but I just couldn't get myself to leave my job. Fast-forward 2 years later and I'm still working, and my portfolio is now worth around 2.1Mil, and I'm STILL can't get myself to make the move. My annual income is around $450K at this point, and I work in a profession where if I leave, I can't come back to that same income level. I had to build a certain book of business over the last decade to generate that. When I look at the opportunity cost of not making this money, it's killing me and it's preventing me from leaving. But at the same time, I am SO bored with my job that I struggle to do it day after day. I also think of charities that I help. Isn't it selfish for me to give up this kind of income potential, instead of working longer, donating more and having such a significant impact on things that I care about, instead of retiring and providing far less value even if I get involved. Anyways, I probably need a psychologist more than anything else at this point, but I'm hoping to maybe hear stories of folks who struggled to give up a successful career but managed to do so, and whether they ever experienced regret over it. There's nobody in my life I can speak to who can relate to this kind of "first-world struggle" - I'm guessing that people on here can appreciate that... Thanks in advance. My mind is set on quitting December 2025 but I don't even believe myself! Edit: Wow, some of the comments are hitting pretty hard for whatever reason. I'm glad that I posted this. Some of you have hit the nail on the head: I don't really have a well established retirement lifestyle plan. I have mere ideas as to what I'd like to do, but nothing concrete that I can actually tangibly look forward to. My identity is based on money. In essence, I need to work on myself. submitted by /u/Interesting_Way6932 [link] [comments]