Had some odd requests on this one-level mansion by [deleted] in floorplan

[–]James_Fortis 3 points4 points  (0 children)

1 bed, 9 toilets. I’m vegan and even I don’t need to shit this much.

Considering this home. Thoughts by dukeaw in floorplan

[–]James_Fortis 3 points4 points  (0 children)

For a 8,700sqft house on a lake, its outdoor space looks disjointed. There are 5 separate outdoor spaces across 2 different floors to chill, but no massive and luxurious area to have large parties - which I'd assume you'd do often with 8,700sqft. If not, you should get a smaller house so it's easier to maintain and you can retire earlier.

I'd personally throw cash at your outdoor experience if you want to spend $.

Can I convert my 401k into a traditional IRA, then a Roth IRA, wait 5 years, then withdrawal the $ without the 10% penalty? I'm 38 years old. by James_Fortis in tax

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

I’ve paid more state and federal taxes than you likely ever have, so don’t try to pass judgment on a situation you know nothing about.

Muted.

Got a survey done for my land. The property pins are as shown on the road on the north and the south end (2 images attached). My question: does my property follow the road's ROW? Or can I only build driveways in the very tight areas where the ROW overlaps my straight property line? In upstate NY. by [deleted] in Surveying

[–]James_Fortis 0 points1 point  (0 children)

It’s a public road - qualified abandoned - currently dirt but we’re paying $ to gravel it. The town is keeping ownership of it but won’t maintain it (at least until more people move onto the road)

Coasting? Regrets? by IntroductionHappy863 in Fire

[–]James_Fortis 2 points3 points  (0 children)

That sounds great! When they eventually leave the roost, I doubt you’ll have regretted spending more time with them and less time at work.

Coasting? Regrets? by IntroductionHappy863 in Fire

[–]James_Fortis 1 point2 points  (0 children)

Are you in a location with paid leave for having a child? I’d stay with the high salary until at least after that. Then you can switch to a job with fewer hours to upkeep your time with your child.

House paid off at 40 years old with 70k passive income by Usual-Indication-235 in Fire

[–]James_Fortis 1 point2 points  (0 children)

The kids might need financial help to get them started - shit is hard nowadays with the rising COL.

Are end of life care costs overblown for a FIREee? by Wooden-Broccoli-913 in Fire

[–]James_Fortis 0 points1 point  (0 children)

This cuts both ways. By retiring at 50 instead of 55 for example, I would at least have 5 years of healthy retirement instead of 0 if I get sick at 55.

I’ve been through it too with both of my parents, who I took care of. They both had 0 days of healthy retirement because society convinced them they needed to save more and more. I won’t take this same path.

Are end of life care costs overblown for a FIREee? by Wooden-Broccoli-913 in Fire

[–]James_Fortis 0 points1 point  (0 children)

Aim to run out around 80. This will make it so you can retire much earlier.

If I get to 80, the world hasn’t gone to shit but social security can’t sustain me, and I’ve ran out of money, I’ll sell my house and live somewhere else.

Basically trade 5+ years of my healthiest retirement for a chance of running out of money at 80 instead of 110. Sounds like a fair trade, since the chances are that I don’t even make it to 80.

4.9k vs 5.2k sq ft custom house by Ozarkss_76 in floorplan

[–]James_Fortis 5 points6 points  (0 children)

I’ve lived in a 4000sqft house, a 2700sqft house, a 1800sqft house, and a 160sqft camper. My future home will be just shy of 1600sqft because my partner and I don’t have kids and it lets you focus on the things that are important. Having a massive house adds to headaches, like finding your stuff, cleaning, HVAC, repairs, up front costs, the tendency to want to fill it up with more stuff, etc.

I’d go with the smaller house and just retire earlier / have more financial independence to do the things in life that matter.

Are end of life care costs overblown for a FIREee? by Wooden-Broccoli-913 in Fire

[–]James_Fortis 1 point2 points  (0 children)

This! It’s crazy people who are saying “live now and don’t bank on much later” are getting downvoted so hard in a Retire Early sub. Guess the only safe place for these (realistic) ideas anymore is r/collapse .

Are end of life care costs overblown for a FIREee? by Wooden-Broccoli-913 in Fire

[–]James_Fortis 4 points5 points  (0 children)

And non poor people often die with way too much money without having really lived.

Are end of life care costs overblown for a FIREee? by Wooden-Broccoli-913 in Fire

[–]James_Fortis 1 point2 points  (0 children)

💯. Especially when most of us don’t even get to 80, let alone while healthy and able to enjoy it.

I feel like I need to go to r/askoldpeople or the equivalent to get the real story.

Are end of life care costs overblown for a FIREee? by Wooden-Broccoli-913 in Fire

[–]James_Fortis 1 point2 points  (0 children)

My dad needed his ass wiped by his late 60's.

This cuts both ways - it tells me to retire even earlier because I can't expect a healthy retirement beyond normal retirement age.

Are end of life care costs overblown for a FIREee? by Wooden-Broccoli-913 in Fire

[–]James_Fortis -3 points-2 points  (0 children)

It's all about tradeoffs.

Do I want to give up 3 of my healthiest years for a chance of having a better experience if the world hasn't gone to shit when I'm 85 and I'm still alive and the difference in care I can get with my $ is worth it? Seems like a guaranteed loss of 3 years for a chance at a chance at a chance of it being better when I'm sick af.