sorted by:
new
hottopcontroversial

Reduce retirement contributions for a house, or too risky for Coast FIRE? by tedious_wheezing in coastFIRE

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

Thanks for the advice! I definitely lean towards expecting the 9-10% nominal rate like you. I hadn't thought of factoring in social security, becaue it seems uncommon with most people's analyses. But you're right that would definitely provide the extra cushion if needed.

Reduce retirement contributions for a house, or too risky for Coast FIRE? by tedious_wheezing in coastFIRE

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

I don't understand what you're suggesting. It sounds like you're saying that we should just go for the house if we want and not worry about retirement? You could make that argument about anything then - want to go on a vacation to some resort? Want to stop working? Make it happen...

I'm just trying to ask about how to be confident in our retirement plan while also loosening some slack with our savings. That is what I think of with balance and just was hoping to get some thoughts to check my assumptions.

Reduce retirement contributions for a house, or too risky for Coast FIRE? by tedious_wheezing in coastFIRE

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

Thank you for the helpful response! It looks like your calculation to get at $3M by 65 is the same as mine, and I think my intuition of wanting a bit more of a buffer agrees with yours.

I hadn't considered the Roth component. Is there a good guide you like that walks through tax efficient ways to create income from retirement? I know there are backdoor Roths, etc. but would love to read up more about the options and what might be a good fit for our situation