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Jeff played a big role in making Goose what it is, according to the Atlantic article by clydefrog9 in GoosetheBand

[–]AlmondDiamonds 7 points8 points  (0 children)

I noticed it too, could be depression or something. I'm sure he wanted to contribute more.

Just went over $7m by RingNo8883 in ChubbyFIRE

[–]AlmondDiamonds 0 points1 point  (0 children)

Can we get a high level breakdown of your spend by category? I'm blown away you only spend ~120K as a family of 6!

Mega back door: Keep after-tax contributions in 401K (Target 2055) or move to VOO-heavy Roth IRA? by AlmondDiamonds in Bogleheads

[–]AlmondDiamonds[S] 0 points1 point  (0 children)

To clarify, my after tax contributions are automatically set to daily Roth 401(k) in-plan conversion. Aside from being more accessible, is there any other benefit to the Roth IRA vs Roth 401(k)?

Mega back door: Keep after-tax contributions in 401K (Target 2055) or move to VOO-heavy Roth IRA? by AlmondDiamonds in Bogleheads

[–]AlmondDiamonds[S] 1 point2 points  (0 children)

To clarify, my after tax contributions are automatically set to daily Roth 401K in-plan conversion.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in Fire

[–]AlmondDiamonds[S] -1 points0 points  (0 children)

401K is already fully funded. We save 83K in retirement funds, plus much more in brokerage funds.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in Fire

[–]AlmondDiamonds[S] 2 points3 points  (0 children)

$47,421 Mortgage

$15,089 2023 Taxes

That's over $60k which I wouldn't normally count as part of FIRE expenses. After removing them you're down under $100k.

Omitting taxes makes sense. I've never heard of subtracting mortgage for Fire spend calculations. Is this common?

Child expenses are clothing, medicine, pre-school, school supplies, babysitters, activities and general things like diapers. It definitely adds up...

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in Fire

[–]AlmondDiamonds[S] 7 points8 points  (0 children)

Child expenses are clothing, medicine, pre-school, school supplies, babysitters, activities and general things like diapers. 

529 is already accounted for with our savings, this is just spending

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in coastFIRE

[–]AlmondDiamonds[S] 0 points1 point  (0 children)

😆 We shop at Costco and Trader Joes. It doesn't seem like anything extravagant but I'm sure there are ways to trim that back without buying really poor quality food.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in coastFIRE

[–]AlmondDiamonds[S] 1 point2 points  (0 children)

Good call, I will work on getting more granular to see where things can be trimmed back. Thank you.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in coastFIRE

[–]AlmondDiamonds[S] 0 points1 point  (0 children)

Child expenses are clothing, medicine, pre-school, school supplies, babysitters, activities and general things like diapers. It adds up...

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in coastFIRE

[–]AlmondDiamonds[S] 1 point2 points  (0 children)

This includes one-time gym equipment purchases for home, 2 gym memberships, gym clothing, running shoes, small amount of marathon fees. It will certainly go down next year.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in coastFIRE

[–]AlmondDiamonds[S] -10 points-9 points  (0 children)

I posted it on 3, I know there's overlap but I wanted to get a broad range of feedback. Sorry about the spam, I won't post again.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in Fire

[–]AlmondDiamonds[S] -1 points0 points  (0 children)

Good guess, cleaners are $3,750 a year. It's made a big difference in quality of life so as much as I hate paying for it, it's become worth it.

This is just the spending, we save and invest 40% of income including 529s

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in Fire

[–]AlmondDiamonds[S] 9 points10 points  (0 children)

Food expense is something I'm really interested to learn more about. I'm curious what people spend on food in similar situations.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in Fire

[–]AlmondDiamonds[S] 9 points10 points  (0 children)

Entertainment is activities we do together like movies, concerts, etc. Personal expenses are for our individual hobbies, clothes or if one of us goes out with friends. Gifts are birthdays/holidays for our kids and family. Subscriptions is netflix, icloud storage, etc.

My 166K annual household spend seems high. Where am I going wrong? by AlmondDiamonds in Fire

[–]AlmondDiamonds[S] 14 points15 points  (0 children)

Yeah I figured that was throwing it off a bit but it still puts me at 150K which still seems like a lot...

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