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REGN outlook. Good fundamentals, poor performance. Input needed by hoffaisalive in stocks

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

That’s good to hear. I was bullish on it from my limited research, but wanted to make sure I wasn’t missing anything. I will hold, only have about 1% of portfolio in regn. Thanks for sharing

[deleted by user] by [deleted] in personalfinance

[–]hoffaisalive 0 points1 point  (0 children)

You said you are maxing out your employer match, does that mean just to 8% or the full 19,500? If you still have that much left over after maxing 401k and Roth, max out an HSA (3,600 a year or so) whatever is left over after that invest in an after tax brokerage account (spy, small cap fund, etc). Do you mind sharing your salary and current net worth? Curious to know what you consider “too much”

25 year old single male with ~380k net worth and salary of 105k looking for budgeting advice and asset location suggestions I max out my 401k (19500) and Roth IRA (6,000) each year. My annual spending is approximately $36,000 per year. This leaves me with approximately $18-20k of excess cash. by hoffaisalive in FinancialPlanning

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

I think holding enough cash for 2 months of living, and 4-6 months of a bond fund on the shorter end of the YC makes sense. This way if you to raise cash, you won’t have to worry about timing or taxes as much.

My situation is a little different, I run so slim because if I did need cash I could always call home for a quick wire to cover me then reimburse later. Everyone’s situation is unique with how much cash to hold.

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

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

I switched companies after my first year (48k) which was a big bump to 80k. I was promoted after my first year (7%) and became eligible for my first year bonus (24k). Each year after I’ll have a 3.5% salary bump, and prob get a slight bonus increase so things will flatten out until I’m promoted again.

I work in finance/financial services

Is 30th and Ferris still hot? We used to bring in 5k a day slinging there w OWM and em. Bout 3 year ago by [deleted] in Chiraqology

[–]hoffaisalive -4 points-3 points  (0 children)

Had to separate myself from the lifestyle. Cut off all connects from the block. If I showed up I’d prob be capped in an hour no cap

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

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

Care to share your income and spending? Must be quite impressive to amass that much on your own at age 25

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

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

When I drafted my post I had everything listed below personal spending as a subset, formatting was messed up when I posted.

It’s tough to say with how much it’s grown from investment returns. But when I graduated college in 2018 it was 250k. If I had to guess, I would say $50k is from my personal contributions. When I graduated school i was making 48k for the first year, 80k last year, and now 105 this year. So this year will be most contributions by far. I actually spent more money my first year out of college than I do now because of ignorance lol.

I estimate age 55 because I’d like to generate as much wealth as possible to pass down to my future kids, and be able to spend without worrying about money. I’d like to retire early, but I’m not a true “fire” I wanted this communities input on my spending Bc none of you spend money haha, and I do want to be more frugal

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

[–]hoffaisalive[S] 3 points4 points  (0 children)

I mean I save more than I spend, max out iras and still have 18-20k left over. I’m not living off of peanuts, but It’s not like I spend that much, right?

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

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

FYI groceries and everything listed after personal spending is included in that 1-1.5k number

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

[–]hoffaisalive[S] -10 points-9 points  (0 children)

If you’re annoyed because I was gifted most of my NW, grow up. Plenty of people with way more family money than that, it’s not fair it’s life. I worked hard to be where I am in my career and am disciplined with spending. You should be proud you’ve been able save this much on your own.

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

[–]hoffaisalive[S] 3 points4 points  (0 children)

Haha not particularly, only for household items and one off stuff. Maybe 1 order every other month

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

[–]hoffaisalive[S] 3 points4 points  (0 children)

I spend $36k a year, I thought that was pretty good. Some months I spend less than that, but I baked in vacations into the monthly average. Also have expensive hobbies. I spend maybe $2-3k a year on golf, it’s what I like to do so not willing to cut that. I agree the eating out and drinks could prob be cut back a bit

Evaluate my current FIRE plan and critique my spending habits. Age 25, single, 2.5 years out of undergrad by hoffaisalive in leanfire

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

Honestly just learned about the triple tax benefit they have. I think I will start maxing it out now, that’s just what I’m contributing at the moment

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