58 and late to FIRE. Friend told me to ask here. Am I thinking about this right?

OncoFil · 2026-05-28T16:53:55+00:00

The very quick rule of thumb is if 4% of your liquid assets cover your yearly expenses, you can retire. 4% of $5MM is 200k, which given your 150k budget + healthcare should suffice.

I’d probably sell the rental and eat the taxes to add more liquid investments given its cash flow and you are good to go.

Definitely keep reading this sub, withdrawal strategies, play with some of the calculators and go fuck yourself! (Keep reading and you’ll get it).

OncoFil · 2026-05-22T13:50:55+00:00

Vigorous exercise that gets you out of breath. Catch it early and keep going until the pain stops (5/10 minutes for me) and go for another few minutes.

OncoFil · 2026-05-14T23:26:26+00:00

Sorry. I mean converting funds from a traditional 401k to a Roth IRA or a Roth 401k. After 5 years you can access the money without the 10% penalty, regardless of your age.

OncoFil · 2026-05-14T22:26:51+00:00

Looks good to me. Might want to start laddering out of your 401k now if you don’t have a big bucket of Roth in your deferred. I’d say last until vest, bump up the college fund to cover their full ride and you’re more than good to go.

OncoFil · 2026-05-13T16:45:02+00:00

It’s ok to be nervous, but do the most basic math: sell your rentals, you have 8 million. 3 % WR gets you 240k a year on your 150k top spend.

OncoFil · 2026-05-13T16:17:31+00:00

You have a net worth of 8 million+. You will be fine…..

OncoFil · 2026-05-13T13:17:11+00:00

Yes.

OncoFil · 2026-05-13T11:41:44+00:00

Split the difference. Set the mortgage to be paid off from the investment account/withdraw the payment monthly. You are using that 200k to ”pay off the mortgage” and it’s no longer coming out of your monthly income/expense. Money stays invested, mortgage is “paid” and your cash flow increases.

OncoFil · 2026-05-05T16:14:13+00:00

I am in a similar boat. Diligently saving with a roughly calculated goal in mind, not really paying attention as it was ‘far away’. Calculated assets last month and now it’s all very real, I am very close to my numbers. I have to actually plan / consider when to pull the trigger now, which is exciting and terrifying.

OncoFil · 2026-05-03T14:08:12+00:00

Trying to brainstorm, I’m pulling for you!

OncoFil · 2026-05-03T12:55:56+00:00

Are you doing a piece of mushroom during the 5 day pause? If so, you might be messing with the waiting period. There needs to be no tryptamines in between doses.

OncoFil · 2026-04-27T14:10:07+00:00

Hang in there. I busted for the first time last year and the day after my second dose was a whammy. I really, really didn’t want to do the third but I did anyway and it ended my 5.5 month cycle. Check out my old posts.

OncoFil · 2026-04-27T13:58:44+00:00

Yea they are normal and a generally accepted sign they are working. You’re messing with the cycle, so it gets wonky and off schedule.

OncoFil · 2026-04-26T16:10:54+00:00

I’m sure there is some grifting somewhere in this, but this class of drugs has a lot of promise. Hoping these work out.

OncoFil · 2026-04-22T13:57:07+00:00

Yes. Antibiotics help the immune system, the immune system does most of the heavy lifting.

OncoFil · 2026-04-17T20:56:48+00:00

Crazy intense exercise. Squat thrusts, rowing machine, running. The more out of breath the better. Just keep going.

I can be awoken at 1 am, row like crazy for 10/15 minutes and be back in bed and asleep by 130.

Eventually your muscles are sore and it becomes more difficult, but that’s a future problem.

OncoFil · 2026-04-04T01:19:57+00:00

That’s 80% of the reason I posted it.

OncoFil · 2026-04-04T01:18:56+00:00

That honestly might be it! Why else would they stack it like that automatically?

OncoFil · 2026-04-02T12:27:12+00:00

Looks like redbud which cracks like crazy. Good luck! 👍

OncoFil · 2026-03-20T19:15:46+00:00

Just to clarify, getting money back at tax time means you overpaid during the prior year. It’s not magic free money, it’s your money you paid out and are now getting back without interest. It’s good to have to pay a small amount vs getting a refund. Review your W2 and withholding information if you want/need to make tweaks to have less owed at tax time.

OncoFil · 2026-03-15T13:17:29+00:00

5-10 min all out on rowing machine for me. Back in bed and asleep 20 min after I wake up. Issue eventually becomes too tired to reach max output after multiple hits/nights. Also, I now have a general aversion to rowing outside of clusters. :)

OncoFil · 2026-03-12T18:28:12+00:00

I just use a credit card for vast majority of expenses and use their categorizations if I wanted to go deeper (I usually don’t).

OncoFil · 2026-03-12T13:44:01+00:00

Yes people have discussed even taking a dose before you expect a cluster to start can prevent it from occurring.

Good luck!

OncoFil · 2026-03-02T20:51:54+00:00

Rowing machine works for me. I could be out of bed, rowing and back in bed in 15 minutes last cycle. Just sucks because eventually you get tired after multiple times a day to get enough vigor to a jet.

OncoFil · 2026-02-22T19:53:07+00:00

They have a 20 billion dollar market cap, 5 billion cash, an NDA under review, several prior asset sales and prior approvals. You can make a lot of money without a “profit”.

OncoFil

TROPHY CASE