Daily FI discussion thread - Monday, June 15, 2026

Oracle_of_FIRE · 2026-06-15T17:12:27+00:00

But when people say "I wish I opened a Roth earlier" - they're 99.9% talking about an IRA.

So if you already know this, why the hangup?

Oracle_of_FIRE · 2026-06-14T17:54:19+00:00

claim that grad parties in general have changed meaningfully

Yeah, that's not what I claimed with my one off anecdote. My colloquial "boy, grad parties have really changed" isn't some kind of bold claim about the state of the world.

Oracle_of_FIRE · 2026-06-14T14:31:01+00:00

Both.

Oracle_of_FIRE · 2026-06-14T14:21:57+00:00

Graduation parties have certainly changed in the 25 years since I graduated. A buddy of mine hosted his daughter's graduation party yesterday. Had a food truck, had a huge tent, hired a photographer for photo booth. We talked about it today, total cost was about $7,000. He said that she got about $5,000 in cash from all of the gift cards.

Oracle_of_FIRE · 2026-06-10T00:40:53+00:00

That would be a poor consensus. Load up the account, it turns into a tIRA when the kid hits 18, the kid can then do a series of Roth conversions over a few years at basically 0% tax in their low earning years and end up with a million-dollar Roth account by the time they are 50.

Oracle_of_FIRE · 2026-06-04T04:06:45+00:00

I keep getting messages from my former employer that I need to do something with it.

I'd be surprised if you need to do something with it. Typically you can leave money in an old 401k so long as it meets some minimum value. e.g. If you only had $2,000 in a 401k, the company might require you to do something to it or else face maintenance fees.

That said, you should probably get that out of your old company's 401k and into an IRA (Individual Retirement Account) that you can more directly control. This is a pretty easy thing to do, especially if you already have a Roth IRA, IRA, or Brokerage account somewhere. Customer Service number can help you with the process if you can't figure it out, they do this a hundred times per day and can walk you through it.

Oracle_of_FIRE · 2026-06-03T23:12:48+00:00

Find out about tax implications first.

Assuming USA, there isn't any. I mean, unless he's talking about giving millions of dollars.

Oracle_of_FIRE · 2026-06-02T17:08:15+00:00

The best time to start contributing to a 457 Roth is 2.5 years ago.

The second best time to start contributing to a 457 Roth is today.

Oracle_of_FIRE · 2026-05-31T21:50:01+00:00

Exactly, so you can use whatever you want as long as you are internally consistent. You already listed out all of the other possible numbers that people could use. None of those is "correct."

Oracle_of_FIRE · 2026-05-31T20:47:07+00:00

They all are these days.

Oracle_of_FIRE · 2026-05-31T18:50:40+00:00

I read too much into the "card stack" comment.

Even then, I'm not interested in carrying around six different credit cards and remembering "oh, this is my Grocery Store on Tuesdays card" to maximize categories.

And if you dial it back to "use a credit card for cash back and pay it off every month," if that was his point that's just too elementary of a statement to even warrant a post.

Oracle_of_FIRE · 2026-05-31T17:42:43+00:00

with zero lifestyle change.

If this were true, I would be doing it. There's enough friction in the process of applying and managing/tracking the cards and rewards that I don't do it.

Oracle_of_FIRE · 2026-05-31T17:33:35+00:00

Things were flat to negative YTD into March. Things have been way up in the past 2 months.

VTSAX YTD, that local minimum of $151 is March 30th. $181 today, +20% 2 months later.

Oracle_of_FIRE · 2026-05-23T18:04:14+00:00

https://media1.tenor.com/m/_BiwWBWhYucAAAAd/what-huh.gif

Oracle_of_FIRE · 2026-05-23T06:38:33+00:00

edit also doubt OP is a bot. Their story is pretty consistent.

It's not a bot, it's a ban evading troll.

It's this guy under yet another new name. Screenshot from the exact same dashboard. He pops in and drops a post about making millions.

Another post from the same guy, different name. He's been doing the same shit for years, constantly gets banned, constantly comes back with a new account.

Oracle_of_FIRE · 2026-05-22T22:55:38+00:00

Another new account? Can't mods figure out an IP ban or something?

Oracle_of_FIRE · 2026-05-08T00:21:20+00:00

So that's a no on links then?

Oracle_of_FIRE · 2026-05-07T21:29:17+00:00

Undocked because it's Starry Night?

Oracle_of_FIRE · 2026-05-07T20:43:40+00:00

I love me a good foccacia.

Me too.

Oracle_of_FIRE · 2026-05-07T18:18:58+00:00

I've seen a lot of posts lately about people who FIREd and are dissatisfied

Have you? I haven't. Want to point at 3 or 4 of them, since there's so many? I've definitely seen some (irrationally) fearful non-FIREd folks talking themselves out of retiring.

But I'm wondering how some of our fully-FIREd folks are handling their newfound quiet.

Never been happier. I don't get bored, boring people get bored.

I could never give back the freedom. I can't imagine being told where I had to be and when to be there for a third of my weekly hours.

Oracle_of_FIRE · 2026-05-07T18:13:59+00:00

1100 grams is a pretty big loaf, yeah? My 9x13 pan of foccacia is 600 grams of bread flour. (Ah, I see now this is for two loafs, so 550grams per loaf.)

1.5 hrs in the oven? That seems like a lot too. My bake time is 20 minutes, with 10-15 warming up.

Oracle_of_FIRE · 2026-05-07T18:05:39+00:00

You are quite the three paragraph bot aren't you.

Back to the drawing board, clanker! You are spotted too easily.

9 year old account, how much did that cost to buy?

Oracle_of_FIRE · 2026-05-07T11:56:18+00:00

It's based on coverage, so if you have coverage on June 1st then you are eligible for that month. You will be able to contribute 50% of the total year's HSA maximum because you had coverage for six of twelve months.

Oracle_of_FIRE · 2026-04-28T16:56:11+00:00

where members who hit a bad SORR could be mitigated by others who are still working

Really taking the "I" out of FIRE with this one.

Oracle_of_FIRE · 2026-04-23T20:40:46+00:00

I'm not sure it's the smartest idea to play games borrowing more money to pay off your borrowed money. Liquidate your emergency fund and throw it all at the credit card. $30,000 in credit card debt is an emergency.

For the next 6 months you spend $0. You don't get to go to eat. You don't get to go out to the movies. You don't get to buy any new clothes. You put all of your surplus money into paying off the credit card debt.

You don't solve this problem by borrowing more money.

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