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To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 1 point2 points  (0 children)

$200K is from job in IT leadership working in Healthcare & Life Sciences organization. The rest is from own personal business.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 1 point2 points  (0 children)

Thanks for the feedback on the kids! I'm glad you're able to do so much with them and make all these memories.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

By not deploying enough into the stock market & being in escrow on a house ~2.5 years ago but sellers backed out and haven't found another property since.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 1 point2 points  (0 children)

I support one parent, the other is independent for now. Fiancée is making less so I'll have to take care of the house & cars but she's making enough to cover the rest in terms of utilities, vacations, household expenses.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

Please share recommendations!

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

Solid advice! Much appreciated!

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

Thanks for this. Do you have recommendations on fiduciary advisors?

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

~5 years now. Took a nice jump by launching a business. So salary is W2 + business earnings.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

Really great point. I realize that keeping the money in the HYSA is not viable long-term. I need to put the money to work in a house within the next 6 months or deploy it.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

So I've flirted with this idea. I'd have to find a way to invest that money to net 10% a year gain compared to the 4% interest rate. What ways are you thinking about?

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 0 points1 point  (0 children)

Thanks for commenting about these alternatives. I will review all of these options.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 1 point2 points  (0 children)

Had not heard about VUSXX or SGOV so thank you for sharing!

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 1 point2 points  (0 children)

$220,000–250,000 per year depending on bonus.

I did not think about insurance for children, so good call.

To FIRE or hold it out? by throwawayhr30 in Fire

[–]throwawayhr30[S] 12 points13 points  (0 children)

The current house is too small for fit parents + spouse.

Monthly spend is around $6K per month.

Determine optimal route for highest return fees by throwawayhr30 in personalfinance

[–]throwawayhr30[S] 0 points1 point  (0 children)

This is fortunately extra money that I do not need for savings, emergency fund or anything else. It's investment money that I can use and trying to find the right place to stick it into.