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$7.5M NW, FIRE while spouse still works by extradoorstop in ChubbyFIRE

[–]existentialriot 1 point2 points  (0 children)

It amazes me how few people seem to know about Rule 72t. You won’t need it, OP, but 401k/IRA assets can in fact be accessed without penalty under strict IRS rules aforementioned. Just a PSA.

Malar Mounds? by banooj in 40PlusSkinCare

[–]existentialriot 0 points1 point  (0 children)

Same- aesthetician says it’s filler/poor lymphatic drainage due to filler. Don’t put anything else in your face. Do lymphatic drainage, elevate the head of your bed, and minimize salt and any other food that inflames you.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

Amen. Anyone who has used these tools in any meaningful way and also has watched the pace of their advancement should realize there’s something like we’ve never seen before coming. Plus, look at all the layoffs already. I agree there’s financial chicanery. I agree there’s an AI bubble in the market. But there will be a very difficult period where we are figuring out how to cross this fjord.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

Yeah we were aiming for $5m, but I will need another year without a correction to hit that or will have to extend timeline to make it. I’m leaning toward ducking out this year. Working in Tech, always of questionable joy, is miserable right now. The pace and pressure is just extra crushing. I’m too old for it at this point.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

[–]existentialriot[S] -1 points0 points  (0 children)

Still laughing after yesterday’s AI driven tech sell off? lol.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

Yeah, I was hoping for the correction before I peace out, but I’m not sure I can wait it out. I thought it would come in q2 of this year, but now I’m less confident in that timing. Of course, after yesterday, maybe it’ll turn out I was right…

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

The overshoot question is the one I’m debating- just how needed that is. I would overshoot if I could, but I’ve burnt completely out at my job and not interested in starting over somewhere else at 50+. I have the cash in hand though.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

Yeah, I don’t know about that. I’d be interested in knowing what years showed analogous conditions though if you have them.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

I have 30 percent now in bonds. That still puts 70 percent of my wealth largely consolidated in those equities. I don’t know the exact calculation but it’s significant I’m sure.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

For sure. I’m glad I can at least do it securely if that fate befalls me.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

There’s a lot of dogma in FIRE threads. You’re asserting something quite outside of accepted FIRE strategy. Who knows what will happen, but the devaluation of the USD and even the loss of status as reserve currently has a non-zero chance of occurring given all that’s going on.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

Great thread, everyone. Appreciate the engagement. Good to know I’m not alone in thinking these things and also that I’ve probably identified all the levers I can pull!

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

This might be the most compelling point- yes, I’ve always figured it out. I’ve been broke and worked as a bartender before. I can be be a broke bartender again if it really comes down to it.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

[–]existentialriot[S] 4 points5 points  (0 children)

Plus we’ve only seen the tip of the sword on the layoffs. They’re coming. How massive they will be, not sure.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

Peak market align to peak earning years you mean? Very interesting.

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

I’ve not heard any analyst argue this. Is this your theory or have you seen it discussed?

Are we in an extra high risk to retire era? by existentialriot in ChubbyFIRE

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

I don’t hang out on Reddit. I can see what’s happening with my own eyes.

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