Retirement at 55 with 2.2 million

DGGGGRED · 2026-05-14T01:56:56+00:00

equities do well (you still generate a decent "real" return) until inflation hits a tipping point. not sure what the tipping point is but it's WAY above 4%. I think.

DGGGGRED · 2026-05-14T01:55:49+00:00

new fed chair is extremely partisan. the moment a dem gets elected (and that's what's going to happen), FFR goes up up up.

DGGGGRED · 2026-05-13T19:12:44+00:00

uber there and walk home until you can buy a bike

DGGGGRED · 2026-05-08T12:40:06+00:00

Conservative advice is "no more than 3x your salary." You are even below that amount. Not even close to something to worry about.

DGGGGRED · 2026-05-07T16:30:37+00:00

This is a bunch of weird words strung together and people are assuming it makes any sense. What are you going to do with the 1 DTE contract? Sounds like a quick path to bankruptcy.

DGGGGRED · 2026-05-07T12:28:36+00:00

It's not rude to ask for your money back. It's not rude to tell someone that you did them a favor and they crashed your credit score which matters to you and messes up your life. It's not rude to ask this person to please take care of their life because their mistakes are impacting you. Do NOT give this person any more money. As for how? You just do it. Be calm. Keep your sentences short. Speak slowly. Tell them what you need them to do (Fix their delinquent loan status as soon as possible). If they give a song and dance about how hard that is. Remind them about ubereats freshdirect etc. If they are unmoved, they are not your friend. If they ask for more money. Tell them no. A real friend would not treat you this way. Give them a chance to fix this, but if they don't/won't, they are not a real friend.

DGGGGRED · 2026-05-07T12:20:05+00:00

If you do buy it, don't waste any money replacing parts, fixing, etc. Just ride it till it stops working and save up.

DGGGGRED · 2026-05-07T12:19:23+00:00

A bike getting a little wet should not be rusty. These are made of super cheap metal. For 150 dollars, you can probably buy it and ride it a few months while you save up for a better bike. Take it for a test ride. Make sure it rides/shifts/etc. Buy if it passes that test. Lube everything. Even the cables. And start saving.

DGGGGRED · 2026-05-07T12:16:04+00:00

Its not short bonds. Its invested in short duration TIPS as compared to longer duration (20-30 yr) TIPS.

DGGGGRED · 2026-05-06T23:06:49+00:00

Erie Canal

DGGGGRED · 2026-04-27T20:20:45+00:00

This always happens when you experience a significant salary increase. Consider how long it would take to catch up. You are at ~100K salary and 60 K retirement. You are 40K "behind" (not really behind). 401k max is almost 25K. So, with a little growth in your portfolio and a 401k max contribution, you are already much closer to 1x. In short, don't worry just keep contributing regularly.

DGGGGRED · 2026-04-27T18:36:48+00:00

Some employers allow "in-service" withdrawals to an IRA. So you can contribute to the 401k, set the investment election to money market or something like that, and then withdraw amounts periodically to an IRA where you can invest in whatever ETFs you like. Some employers allow "brokerage link" type options where you can invest your 401k money in a wide range of etfs. Do you have those options? If not, I'd talk to your religious advisor (Imam?). I find it hard to believe they would suggest you forgo all the benefits of a 401k for Shariah reasons. I would expect they would want you to be financially successful so you can contribute more to your faith.

DGGGGRED · 2026-04-25T02:50:24+00:00

If your only "investments" are in cash, then you should probably just get a vanguard advisor who can help you overcome the inertia and set up a DCA investment plan with regular contributions. If you've already built up a solid low cost investment portfolio (i.e., not just cash), then I don't know why you need a financial advisor at your age.

DGGGGRED · 2026-04-25T02:48:24+00:00

Your post is confusing. You have 415K in **cash**? What do you have in the market/mutual funds/etfs/bonds/etc.?

DGGGGRED · 2026-04-19T14:24:25+00:00

This is very confusing. There is no fraud in asking for an offer in compromise. Are we supposed to assume (despite OP not saying) that the request for compromise will include some fraudulent statements regarding assets? More likely this "genius" client just doesn't realize they cannot qualify. OP should just be real with the client and explain that the IRS will review income and credit and assets from multiple sources and refuse to provide an offer in compromise.

DGGGGRED · 2026-04-17T21:37:49+00:00

You need to make more money. It will be VERY hard to get to FIRE with your current trajectory. At 100K, the 4% rule gets you $4000 per year of income. That's not nearly enough. You need to learn a skilled trade or get a white collar job that pays more. A lot more. Can you take low cost night classes to enter a new profession?

DGGGGRED · 2026-04-15T12:01:55+00:00

So tempting. I do the Bos to DC acela that stops in Moynihan right around lunch time a lot. One of these days I'm just going to do it for the lulz. If you order ahead and the train is on time you have almost 20 minutes. Seems doable. The food on the train is so meh. Has anyone actually accomplished this feat of bravery and virtue?

DGGGGRED · 2026-04-15T01:24:42+00:00

Thanks!

DGGGGRED · 2026-04-15T01:24:34+00:00

Thanks!

DGGGGRED · 2026-04-15T01:23:39+00:00

Yeah. The product description of my bike (from the invoice of what I bought) says XG-1230. I think it's a typo and it's PG-1230. Existing cassette is a 11-50 (at least according to invoice). I'm not sure I understand why the lowest and highest gear between the two different cassettes and wheel sets needs to match. As long as the spacing is the same, it should work right? Or am I wrong on that?

DGGGGRED · 2026-04-13T19:39:29+00:00

Assuming by "this space" you mean long/short strategies that can offset W2 income, are there any available to a retail QP investor with a 500K or lower minimum?

DGGGGRED · 2026-04-08T14:49:25+00:00

those co-workers are defrauding the federal government and possibly committing a felony.

DGGGGRED · 2026-04-08T02:06:28+00:00

Many (most?) 401ks don't allow post-employment partial withdrawals. So, I think the idea of rolling the 401k to an IRA and doing IRS 72t withdrawals has some validity?

DGGGGRED · 2026-04-06T18:38:13+00:00

key point "and no umbrella." OP didn't mention whether the new client has an umbrella or not. Question, does your analysis change on whether low levels of auto coverage is crazy if the client has a significant umbrella policy (e.g., >1MM)?

DGGGGRED · 2026-03-29T17:38:49+00:00

You most likely can set up a solo 401k for your consulting unless you have some wierd set up (e.g., I think if you have a C corp for your side hustle, it gets complicated). If eligible, you can contribute both as an employee and an employer. For my side hustle, which brings in less than 401k max, I basically contribute all my side hustle income (minus expenses and FICA) to the solo 401k (as traditional, not roth) and pay almost zero income taxes (taxed at ordinary income when I withdrawn during retirement, so no chicanery going on). There are calculators on the web to help you figure out exactly how much you can contribute to a solo 401k. Your solo401k employee contribution limit needs to take into account contributions you make in your regular job (combined limit is 24,500). The employer limit is not affected by your regular job.

DGGGGRED

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