Been a lurker here for about a year. Very impressed with what I have learned. I am a burned out divorce lawyer who enjoys financial planning and dreams of ER. I am amazed at the collective knowledge regarding investing, tax implications, ss and health ins. No immediate questions, just an intro. Goal is to ease into part time work in 10 years at 52. Still have a lot to accomplish before then. Will be happy to have good advice from this group in the future.
Hi, I am here to learn
- Thread starter prose3589
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Welcome to the forum!
Yes, miserable profession, but it pays well. Golden handcuffs, I suppose. As to my background, I am myself divorced with two kids-one in high school and one in college. Started over from scratch financially speaking after the divorce like so many others. I have been working hard for ten years to build my business and pay my debts (monstrous student loans). Don't really have any stupid debt but I do have mortgages, rental property and student loans still. I am way behind on retirement accounts but making progress. Recently moved everything to vanguard after following this and other blogs. No more expensive fa.
I do have a question. I have a corporate client. Had them for 12 years. Plan to keep only them in retirement. Easy work, documents via the internet and pays about 30k net a year. Obviously no guarantees, but how does that figure into FIRE?
I do have a question. I have a corporate client. Had them for 12 years. Plan to keep only them in retirement. Easy work, documents via the internet and pays about 30k net a year. Obviously no guarantees, but how does that figure into FIRE?
I wouldn't use that income at all in your ER calculations. Clients can drop you at any time, so it would be foolish to be dependent on that money. I'd treat it as a bonus and enjoy it as long as it lasts.
