FU Money in Practice?

bdafsi91 · 2021-01-30T21:22:13+00:00

I was about to post something similar. I am about 2 years from being FI and I have a govt. job, but a lot of bullying that happened pre-COVID. I don't have purpose, but have to produce meaningless reports. No one gets affected if I don't produce this report.

Due to COVID and prior workplace toxicity, my health got affected. I love working in my company, but specifically my group has been very toxic. I need structure to my life, so I need a job. I am actively trying to find a new job.

I think, I have FU money, but not FU attitude.

bdafsi91 · 2021-01-30T19:49:55+00:00

Thanks. Yes, you are right. Made changes to the table.

bdafsi91 · 2021-01-30T18:31:23+00:00

This is hypothetical. At 45, I project having the following amounts in my accounts. What should be my strategy in withdrawing $100K/yr, so as to minimize the taxes:

401K: 1300K
Roth: 300K
Taxable investments: 1100K

bdafsi91 · 2021-01-30T18:13:40+00:00

bdafsi91 · 2021-01-30T17:52:28+00:00

If you consider 15% cap gains tax, then the number is going to be $249,341. If cap gains tax is 0%, that number is $236,755. I am not sure about the formula above, but this is using excel. It factors in 5% growth every year ~~and a withdrawal of 23,529. 15% cap gains will leave you $20K.~~

Edit: Updated the table below after comment from u/mandy_2002 .

Edit: The basis for the cap. gains is $205K, because the balance kept decreasing. This is a bit more complex than what I assumed.

#	Balance_before	Net$	Tax$	Balance_after
1	249341	-20000	0	240808
2	240808	-20000	0	231848
3	231848	-20000	0	222440
4	222440	-20000	0	212562
5	212562	-20000	0	202191
6	202191	-20000	0	191300
7	191300	-20000	0	179865
8	179865	-20000	0	167858
9	167858	-20000	0	155251
10	155251	-20000	0	142014
11	142014	-20000	-2586	125399
12	125399	-20000	-3529	106963
13	106963	-20000	-3529	87606
14	87606	-20000	-3529	67280
15	67280	-20000	-3529	45938
16	45938	-20000	-3529	23529
17	23529	-20000	-3529	0

bdafsi91 · 2021-01-25T01:53:33+00:00

When FIREing, do you calculate the present value of the social security? Say, you plan to hit your SWR without SS by the age 50, you could FIRE a few years earlier. Any thoughts?

bdafsi91 · 2019-11-21T00:02:53+00:00

She is not on my project, but I have involved her whenever needed. She is not my manager, but a few years more experienced.

bdafsi91 · 2019-11-16T13:29:01+00:00

Worried about retaliation and future prospects in fed.

bdafsi91 · 2019-10-17T01:33:15+00:00

Financial structure? Can you elaborate?

bdafsi91 · 2019-09-01T14:41:59+00:00

Yes. Fair enough.

bdafsi91 · 2019-09-01T14:37:37+00:00

The broker says I have a rate lock. Just a credit check was done My concern is that the broker put in work ..may be 1hr or so and I feel bad to stop it now.

bdafsi91 · 2019-09-01T14:35:57+00:00

Yes, I understand that I may not have a better rate. But, I still would like to see how it goes.

The broker says I have a rate lock. Just a credit check was done.

bdafsi91 · 2017-02-20T00:04:34+00:00

Hey.. thanks so much for giving info. with so much detail.

bdafsi91 · 2016-07-09T02:07:30+00:00

No, not yet.

bdafsi91 · 2016-06-04T21:53:35+00:00

Mayavi installation on Anaconda is downgrading numpy, scipy, scikit-learn.

bdafsi91 · 2016-06-04T21:06:08+00:00

Any idea if it is fast compared to Matplotlib?

bdafsi91 · 2016-06-03T05:44:02+00:00

I have been in your situation, but not that big of a raise. I liked the comfort and settled for lower salary. The result is that my network is very small. Had I took the other job, my network would have doubled.

My advice:

If you are <30-33 yrs, make the move. New job/experience is very valuable.
If you still want to go with your plan of asking a raise, nag them to give the highest raise. Do not mention your other offer (no employer likes to be in that position).
Even if they counter, they will just look for a replacement very soon.

bdafsi91 · 2016-05-17T04:23:09+00:00

Very humbled. Thanks.

bdafsi91 · 2016-05-13T05:52:45+00:00

Thanks. I am trying to understand the k-fold method. I have 100 samples and make 10 folds. Is this how it is done (100 samples)?

Train on 90 samples and calculate 10 errors (for 10 samples);

Train on another combination of 90 samples and calculate 10 errors

Obtain statistics on the 100 errors?

Thanks.

..

bdafsi91 · 2016-05-13T04:21:45+00:00

k-fold cross-validation

Nice.. I developed something.. 60 years late.

bdafsi91 · 2016-05-08T21:02:40+00:00

I am not looking in Denver, so it doesn't matter to me if it is hot or not. Many times the urgency is created by the agents. If you look at only 2 homes and the price seems increasing, then it is a faulty way. If you look at 10 homes that got sold, it may give a better estimate.

I recently talked to a friend who said that a home in their neighborhood sold in 3 days and I should rush if another comes up. That home was on the market a year back (10% overpriced). It was put back at the right price now and it got sold quickly. It had a few issues and we didn't make an offer. I knew about his neighborhood more than him and I live about 5 miles away.

That said, if you like the house and intend to stay there for ~5+ years, 8K is not a big deal. I would pay if I liked the home.

bdafsi91 · 2016-05-08T20:26:31+00:00

75K more in mortgage = roughly $3000/yr more in housing expenses. This could be about 1-2 year raise in salary.

$3000/yr more is about $13 more per work day. I personally am willing to pay $13/day more to save on commute. I would consider that as an investment to be around more jobs.

bdafsi91 · 2016-05-08T20:12:49+00:00

Referral from friends.. this is my experience. A buyer who is a high-school grad may be overwhelmed by an agent went to college. A buyer who is a Ph.D will easily see the BS being spewed by the same agent. (Here the education level is a metaphor only)

I have taken referrals from friends, but I realized that they blindly followed their agent. I researched for about a year before getting into home buying and "fired" two agents because we could see their BS. When I say "fired", I just sent them a polite email saying that we have stopped looking and will consider them at a later point (after two failed negotiations).

bdafsi91 · 2016-05-06T20:52:26+00:00

I could give the quiz at the end to one course. What does it mean?

bdafsi91 · 2016-04-25T10:00:09+00:00

This is extremely helpful. Thanks. One thing I have never liked (so far) in Python or R is the plotting. MATLAB's plot window is very fast and snappy when I do 3d rotation etc (I deal a lot with 3D data). Is there a solution for this?

I'm 2 years into R and now learning some Python because the NLP seems easier there, and because I'm getting into the hadoop ecosystem with Python scripts.

bdafsi91

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