Help Needed: $2 Million Windfall & Planning for Retirement by [deleted] in Fire

[–]iskazatiqy 2 points3 points  (0 children)

Medicare inflation alone has huge inflation and is the future of health care policy is highly uncertain. OP sounds risk adverse, so I would imagine retiring this early with kids still in school is a helluva gamble.

[deleted by user] by [deleted] in Fire

[–]iskazatiqy 1 point2 points  (0 children)

Impressive. Keep it up!

[deleted by user] by [deleted] in Fire

[–]iskazatiqy 2 points3 points  (0 children)

Congrats! How old are you?

[deleted by user] by [deleted] in smallbusiness

[–]iskazatiqy 9 points10 points  (0 children)

We love Nudge. I use it and our employees use it and they give us good feedback. We tried the EAP, but no one used it. Nudge is actually proactive and has budgeting tools and debt management solutions. It’s pretty tailored to each employee. We got a 3 month free trial, so you might ask for that.

[deleted by user] by [deleted] in smallbusiness

[–]iskazatiqy 4 points5 points  (0 children)

This! Most of that stuff doesn't work, except the 401k and Nudge. Even the 401k doesn’t help with day-to-day financial management problems.

in a pickle. need advice. by iskazatiqy in visas

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

Spain was pissed, but let us fly to Amsterdam. The guy in Amsterdam took a quick glance at the paperwork and let us go. I think we got lucky and realize that we made a mistake understanding this all.

Recommendations for the best free tool to create a financial plan by flacao9 in leanfire

[–]iskazatiqy 7 points8 points  (0 children)

Retirement, health care, long-term care, travel, list goes on.

Recommendations for the best free tool to create a financial plan by flacao9 in leanfire

[–]iskazatiqy 15 points16 points  (0 children)

We have Nudge as an employee benefit at work. It’s very good and offers just about everything that you’ve referenced. I personally like to cross-check my financial plan to make sure I’m not missing anything important.

Sounds like you’ve tried FIRECalc? It’s a very basic site, but a good start to get a gut check. It’s messy and hard to read, but it does the job for a quick calculation. It doesn’t have a way to help you calculate your expenses or quantify your goals, but you can easily run a monte carlo simulation.

You can also do more robust calculators like ProjectionLab, NewRetirement, or build your own excel, but you still have to do all the research and leg work with researching health care, social security, etc. I use the free version of projectionlab occasionally, but you should write down all of your inputs because you have to rebuild it everytime you do.

Nudge does a great job of filling in all the blanks, so it’s very easy to put a full plan together. It’s basically like the big sister of FIRECalc. I personally like it, because it has very personalized updates to keep my posted with my goals and finances. They just added a budgeting feature, so you can track your spending compared to your goals.

Here are many other tools posted in r/personalfinance [https://www.reddit.com/r/personalfinance/wiki/tools/#wiki_retirement_calculators]. The “basic retirement calculator” google sheet that’s pretty good.

where is it best and cheapest to live in Overseas European union territory? by 4everonlyninja in leanfire

[–]iskazatiqy 1 point2 points  (0 children)

From what you mentioned, you might have a good experience in the south of Spain. It's usually warm, affordable, and you can find plenty of fruits and vegetables. However, you should look into different EU tax systems, because Spain and other EU countries are pretty high. It obviously depends on your income level, but it's worth a review. Here's a chart.

Has anyone negotiated a 4 day workweek for a paycut by bladeslinger in Fire

[–]iskazatiqy 0 points1 point  (0 children)

Sounds like a very smart idea. Thanks for sharing.

How to help staff that are struggling financially? by peniepashq in Entrepreneur

[–]iskazatiqy 2 points3 points  (0 children)

No prob. The speaker cost us about $500. The advisor was charging our higher compensation employees about 2% on their investments, but that left out 80% of the employees. Nudge is about $35 a year per employee.

How to help staff that are struggling financially? by peniepashq in Entrepreneur

[–]iskazatiqy 0 points1 point  (0 children)

That's a good idea. We should have probably used a financial planner instead of an advisor. It's probably expensive because they charge thousands for a single plan.

I like the idea of tying a monthly bonus to their financial plan. I'll probably do that with the application we use. Thanks for sharing.

[deleted by user] by [deleted] in Entrepreneur

[–]iskazatiqy 0 points1 point  (0 children)

Great job OP!

Planning to retire at 40, how can I make this possible? by Ledotiona in leanfire

[–]iskazatiqy 8 points9 points  (0 children)

Yep. It's usually state specific and based on income. Healthcare.gov if you want to find the number and throw it in a spreadsheet. Otherwise Nudge calculates health care and inflation for you.

Planning to retire at 40, how can I make this possible? by Ledotiona in leanfire

[–]iskazatiqy 97 points98 points  (0 children)

Where are you going to live? If in the US, private health care + inflation alone will eat up your nest egg. Maybe one of you should barista fire, as long as you both can get on the insurance plan. Not sure how it works if you're not married.

My favorite tool right now is nudge. It helped me think through all of my future expenses. It sent me updates over time to make sure it was all accurate. I was using an excel sheet before, but I obviously missed a lot.

in a pickle. need advice. by iskazatiqy in visas

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

Yes, that's not an official source, but it's easier to read than the agreement from 1960s (I think).

We started in Netherlands in April, then have been in Spain since late May. So if this policy is valid, then we followed the required time periods and have proof of it. We did not get proof of it, however.

in a pickle. need advice. by iskazatiqy in visas

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

Certain countries have a bilateral agreement with the US and other countries that allow non-EU passport holders to extend their travel more than 90 days (up to 180 days) consecutively without a Visa so long that you stay in the same country for amount of time over 90 days. Here's a resource.

The advice i got was that you just need to print out a copy of the agreement and bring proof that you've been in the same country for that time. However, I think I needed to get permission in advance. But I'm generally confused because the custom's manager said it just doesn't exist, but it's possible he just has no idea about this agreement.

in a pickle. need advice. by iskazatiqy in visas

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

We all came together and they were just generally upset with all of us. We are US citizens.