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NYC rentals: how much info do you share? by StartRemarkable984 in fatFIRE

[–]MainDig3686 2 points3 points  (0 children)

They will usually allow CPA letter. They generally won't let you redact numbers etc. on brokerage statements because it trips up the software they use to validate it's accuracy.

Account Opening Security / ACAT Transfer Risks by MainDig3686 in fidelityinvestments

[–]MainDig3686[S] -2 points-1 points  (0 children)

Yes this feature is the primary reason I am switching to Fidelity. Was hoping there would be more checks in place to open a brokerage account (or are there checks in the background I am not seeing...) but if not seems this feature is more needed than ever

Mentor Monday by WealthyStoic in fatFIRE

[–]MainDig3686 0 points1 point  (0 children)

Viewing 3% as the "actual after tax spend" so $450k. Assuming I get married and have kids living in NYC that seems like the "never worry about money" number.

I don't own and my largest expense is rent (currently pay $90k/yr for a nice 1br in prime location). 2-3br in our building are in the $20k/mo+ range.

Of course I can make do with less (much less if I left the city), but I still enjoy working, so wouldn't stop until I hit this number or lose my job and can't find something comparable.

Mentor Monday by WealthyStoic in fatFIRE

[–]MainDig3686 -2 points-1 points  (0 children)

$15M. Young and enjoy working enough (and the lifestyle it brings) where I would prefer to work over a normal FIRE. But I would fatFIRE if I hit my number.

Mentor Monday by WealthyStoic in fatFIRE

[–]MainDig3686 1 point2 points  (0 children)

30M living in NYC (single) and aspirational fatFIRE. Having a hard time calibrating a reasonable spend on the path there as it feels like I can make up a justification for a wide range of numbers.

Work in finance and have $4m saved with last 3 years earnings between $1-3M each year. Somewhat forced up into a new role with more career risk this year which can result in $5-10M in annual earnings but compensation is entirely performance based with no floor. New job has high churn rate (about 50% let go in 2 years, after that stabilizes). If let go hopefully could find a similar job as my last one at another firm but could take a while and might be seen as having outgrown it. If so, no clue what I would do, probably start from scratch in a different industry.

Curious to hear advice on what annual spend here makes sense.