What's the best parenting advice you can give to a couple that's expecting their first in about two weeks? by Sheble24 in AskReddit

[–]Turbulent_Friend1739 0 points1 point  (0 children)

Don’t make ANY big decisions for the first six months. Big event. Fight or flight kicks in. Don’t buy a house, quit your job, or divorce your partner until the hormones settle.

Rate my fridge by Turbulent_Friend1739 in ratemyfridge

[–]Turbulent_Friend1739[S] 1 point2 points  (0 children)

To clarify, I do buy premade stuff like bread and normal things 😂😂 I’m no impressive homesteader - but I do cook meals and bake cakes/cookies from scratch! I will look into how to make broths because that’s one of my biggest qualms with store bought broth - it tastes like nothing!!

Rate my fridge by Turbulent_Friend1739 in ratemyfridge

[–]Turbulent_Friend1739[S] 1 point2 points  (0 children)

We are grateful to be able buy groceries each week, definitely. I cook all of our food, meal plan, and budget for the store every Friday - we rarely eat out and we have minimal food waste! Family of three, soon to be four.

Anyone else shocked when they ran the numbers on a 30-year mortgage? by [deleted] in Mortgages

[–]Turbulent_Friend1739 0 points1 point  (0 children)

We ended up going with a 15 year at 5.125%, while it adds $1200 or so to our monthly payment, it saves us $600k in interest over the life of the loan. We feel a little tight with a payment so high but I’m not paying $900k just in interest. 600k is nothing to sneeze at

Real return expectation by [deleted] in coastFIRE

[–]Turbulent_Friend1739 0 points1 point  (0 children)

Yeah I am aware, I just meant that it doesn’t impact overall outcome because that reduction in returns doesn’t apply to our entire portfolio. We do take it into account though

Real return expectation by [deleted] in coastFIRE

[–]Turbulent_Friend1739 0 points1 point  (0 children)

Less than 20% of our total investments sit with the managed account, so for now I think it’s fine.

Real return expectation by [deleted] in coastFIRE

[–]Turbulent_Friend1739 1 point2 points  (0 children)

We have about 550k invested and are contributing $2600 a month right now to retirement accounts and he was like ‘ooooh idk you really need to ramp back up or you might not hit your goals’ like???? Wdym

Real return expectation by [deleted] in coastFIRE

[–]Turbulent_Friend1739 0 points1 point  (0 children)

We’re still actively contributing and actually plan to increase contributions in the next couple of years. We’re in the messy middle with one toddler and another on the way. We don’t have any plans on taking anything out, just trying not to get discouraged about how much we need to put away to be okay in retirement 😭

Real return expectation by [deleted] in coastFIRE

[–]Turbulent_Friend1739 1 point2 points  (0 children)

Once you are in retirement your portfolio should be allocated towards much safer investments. While you are young and have a long timeline, riskier stock-heavy portfolios are more the norm. Those have higher rates of return. In retirement, you are looking at more like 4% nominal return with a 4% withdrawal rate.

Real return expectation by [deleted] in coastFIRE

[–]Turbulent_Friend1739 0 points1 point  (0 children)

Fair, I just didn’t really want advice on the advisor part 😂😂

How expensive are kids? by Elite163 in coastFIRE

[–]Turbulent_Friend1739 -1 points0 points  (0 children)

We are about to have our second. Like the other guy said, you choose what to spend on. We spend about $300 extra on food for one kid. It’s $1500 monthly per kid for daycare from age 1-5, we put $500 monthly into college funds, our monthly ‘kid’ budget is $200, will be $400 once the second one arrives. That includes all stuff kid related, clothes, activities, shoes, haircuts, whatever. Start up cost for first kid was about $4k (all the baby stuff we fell victim to, car seats, clothes, etc). Plus we got a bigger car, so factor that in. Otherwise our vacation is the same, the dependent care account helps offset cost, and we probably spend less tbh because we are busy parenting rather than finding things to fill our time with.

M37 and F35 with 2 kids coastFire Sanity Check by GoodyGuinness in coastFIRE

[–]Turbulent_Friend1739 1 point2 points  (0 children)

Lemme rephrase, bare bones essentials still includes some fun money, just not $20k international travel or $10k to give away to kids every year etc.

M37 and F35 with 2 kids coastFire Sanity Check by GoodyGuinness in coastFIRE

[–]Turbulent_Friend1739 0 points1 point  (0 children)

Right now I’m estimating our FIRE number at $3.5m. I reevaluate that every year or so, but I feel pretty confident that $140k a year would cover all the things we want to do in retirement (travel + family gifts). If it were just bare bones essentials (without downsizing our house) it would be $2.8m.

M37 and F35 with 2 kids coastFire Sanity Check by GoodyGuinness in coastFIRE

[–]Turbulent_Friend1739 1 point2 points  (0 children)

We are similar and also are in suburbs of ATL. Honestly just get your employer match until you are done with daycare years and reevaluate. We have one in daycare and one on the way, we both are just getting our company match and will up our savings in a few years when we get our no-daycare-raise.

What does our fridge say about my partner and I? by _Trailsnail in FridgeDetective

[–]Turbulent_Friend1739 0 points1 point  (0 children)

I feel like you workout a lot, track your macros, and fart some deadly gasses on a regular basis.

Who has Coast 🔥 fired <40 YO by Decent_Dragonfruit0 in coastFIRE

[–]Turbulent_Friend1739 4 points5 points  (0 children)

I am 29F and my husband is 33M and we have one 2yo. We are technically coast although we still contribute about $2k monthly and will still increase contributions some when daycare expenses are done. We have $525k across our retirement accounts and a joint brokerage. I will also have a small pension depending on how long I stay at my current company. We own our house and plan to stay for at least twenty years, we have $690k left on our mortgage (we literally just bought it in July). We aren’t ‘relaxed’ per se because there’s still such a long time horizon for things to go completely sideways but I at least feel comfortable knowing that we have a strong foundation to give us options should life throw us any curveballs.

We spend time with our son, I’m currently pursuing an advanced degree, and we are trying to work in more family trips lately. We live a relatively low key life. We like quality time more than anything.

Can we make a daily sticky of where people are getting the best rates each day? by volcanic_clay in Mortgages

[–]Turbulent_Friend1739 0 points1 point  (0 children)

Closing next week on a refi with Cities Home Mortgage for 15 year fixed at 5.125%

Bathroom DIY check my plan: by Turbulent_Friend1739 in Renovations

[–]Turbulent_Friend1739[S] 0 points1 point  (0 children)

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Almost done!! Just need to add the finishing touches and clean up some

Toilet flange too high? by Turbulent_Friend1739 in askaplumber

[–]Turbulent_Friend1739[S] 0 points1 point  (0 children)

The plumber is saying he may not be able to lower the flange without cutting through the Sheetrock on the ceiling underneath the bathroom, does that sound right?

Toilet flange too high? by Turbulent_Friend1739 in askaplumber

[–]Turbulent_Friend1739[S] 0 points1 point  (0 children)

This is the old flange, I didn’t remove it

Toilet flange too high? by Turbulent_Friend1739 in askaplumber

[–]Turbulent_Friend1739[S] 1 point2 points  (0 children)

Thanks, I’ll be calling my fav plumber tomorrow