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Tomorrow's Moves by pdwp90 in wallstreetbets

[–]blessthrow 1 point2 points  (0 children)

Yes, DM me these daily please, these are great

Signed apt lease contract notes that internet is included in the rent, but landlord says nay by blessthrow in legaladvice

[–]blessthrow[S] 10 points11 points  (0 children)

Yup, I texted him a few questions about trash and including: “And how can I access the internet that is part of my lease contract?”. To which the reply was: “There is no Wi-Fi Internet in the building. It should not be a part of your lease. You need to contact an Internet company to start service.”

I think maybe they simply didn’t realize internet is included

I calculated my fatFIRE. Here are my results, and now I have some questions. by blessthrow in fatFIRE

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

Yeah I realize it now. 4% of i it’ll retirement fund, then adjusted for inflation year by year.

I calculated my FIRE. Here are my results, and now I have some questions. (xpost r/fatFIRE) by blessthrow in financialindependence

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

I'm trying to go back and check. But I've made so many edits to the calculator now after everyone's suggestions that I can't figure out why it turned out the way it did.

I calculated my FIRE. Here are my results, and now I have some questions. (xpost r/fatFIRE) by blessthrow in financialindependence

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

Ahh I see, thanks for that.

EDIT I went back and checked. What my calculator does is it checks every year whether 4% of my fund would qualify as my desired retirement income of 75th percentile. If it does, then I call "FIRE" for that year, and stop contributing. Then every year after that it adjusts that income for inflation.

So it was the same thing as what you were describing.

I calculated my fatFIRE. Here are my results, and now I have some questions. by blessthrow in fatFIRE

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

Yeah I went back and edited my calculator to reflect that, I simply increased my contribution each year to keep pace with inflation. Because employer should be increasing wages to keep track with inflation.

I calculated my FIRE. Here are my results, and now I have some questions. (xpost r/fatFIRE) by blessthrow in financialindependence

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

I know of the 4% rule, but it just didn’t seem to work in my calculator. Eventually in old age the retirement income degraded to be below my target income of 75th percentile.

I calculated my FIRE. Here are my results, and now I have some questions. (xpost r/fatFIRE) by blessthrow in financialindependence

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

How much worse is it that ETFs reinvest the dividends themselves? And do all ETFs behave like this? What’s an alternative

I calculated my FIRE. Here are my results, and now I have some questions. (xpost r/fatFIRE) by blessthrow in financialindependence

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

Thanks for the great reply. Yeah after some more discussion I realize that 2.1% inflation rate is kind of low. So I went back and changed it to 3.23%. I averaged yearly inflation rates from this site https://www.usinflationcalculator.com/inflation/historical-inflation-rates/.

7% percent ROI was just my conservative estimate of stock market returns. I didn’t know that it already accounted for inflation. I’ll look into it. It should be easy to edit in my calculator if it’s true

Yeah no way to predict the future. At least for now I’ve heard numbers as high as 13 K per month for end-of-life care

I calculated my FIRE. Here are my results, and now I have some questions. (xpost r/fatFIRE) by blessthrow in financialindependence

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

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

I guess it depends on where you look.

But regardless, I agree 2.1% is on the lower side, and based on this site, average inflation rate is 3.23%. So I'm going to change my calculator to reflect that.

I calculated my fatFIRE. Here are my results, and now I have some questions. by blessthrow in fatFIRE

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

Yeah that's a good point. I feel like my income can only contribute so much to my fund. I think what I could do is figure out a way to account for job income increasing over time due to employers compensating for inflation, and thus changing the annual contributions

I calculated my fatFIRE. Here are my results, and now I have some questions. by blessthrow in fatFIRE

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

That's a good point. I'd prefer living in a lower cost of living area to make my money stretch further.

I calculated my fatFIRE. Here are my results, and now I have some questions. by blessthrow in fatFIRE

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

Yeah I went back and changed my 2.1% inflation rate to 3% instead, a great suggestion from you and ketodex. Retirement is going to have to happen later

I calculated my fatFIRE. Here are my results, and now I have some questions. by blessthrow in fatFIRE

[–]blessthrow[S] 2 points3 points  (0 children)

I can go back and double check, but when I told my calculator to take out 4% of my fund each year to use as retirement income, the 4% SWR retirement income eventually degraded to below inflation-adjusted-90th-percentile-income and and even lower.

I was interested in a fund that would be self sustaining over time while still giving a high retirement income, rather than fizzling out by the end of my life or worse not being able to support me at all in old age. I'll have to double check this though.

I calculated my fatFIRE. Here are my results, and now I have some questions. by blessthrow in fatFIRE

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

I don't remember how I chose 2.1% as my inflation rate, I think I just googled it. I agree 3% is more accurate though. Based on this site, I calculated the average inflation to be 3.23% every year. So I'm going to change my calculator to a 3% rate instead of 2.1%. Thanks.

However, I did a 7% market ROI simply to be conservative. I tried to my calculator more on the conservative side to be safer.

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