Webzter
Full time employment: Posting here.
- Joined
- Jun 29, 2007
- Messages
- 567
Sorry, rather than spamming the board, I thought maybe I could just post everything in one thread.
First, I realized something today. Our living expenses, excluding our house, are $24k a year ($48k including those expenses). That could move FIRE way closer.
Also, in addition to my job, I work part time as a contract programmer. When I'm actually trying to get work, I average about 25 hours a week at 65 an hour. After taxes and excluding the house that easily covers our living needs.
Since we're going to live like hippies out in the woods when we RE, I expect our living expenses to adjust accordingly (less on food but lots more on medical insurance)
72t / semi-RE:
So, first question. Let's say I FIRE when I hit my NW number. Can I 72t with the required minimum distributions and still work part-time? I'd just funnel extra money into other investments when I had a surplus to cover when the side work wasn't there.
save me from MIL:
Next question, my wife is worried about her mom. Simply put, she's worried that mom will secure financing using our credit (after all, she knows my wife's SSN, etc). Is there any reasonable way that we can go about ensuring that we're reasonably protected? Some sort of double-secret probation to make it impossible to secure financing.
asset protection:
My wife worried about a lot of things... most recently it's being sued over whatever. We've got great auto/homeowners insurance and an umbrella policy to round it out (plus I'll pick up general liability insurance for my side work this year I think). But, where should I at least start / who should I turn to for advice on ways to shield our retirement assets further? I'm not looking for legal advice, just who we should start with.
First, I realized something today. Our living expenses, excluding our house, are $24k a year ($48k including those expenses). That could move FIRE way closer.
Also, in addition to my job, I work part time as a contract programmer. When I'm actually trying to get work, I average about 25 hours a week at 65 an hour. After taxes and excluding the house that easily covers our living needs.
Since we're going to live like hippies out in the woods when we RE, I expect our living expenses to adjust accordingly (less on food but lots more on medical insurance)
72t / semi-RE:
So, first question. Let's say I FIRE when I hit my NW number. Can I 72t with the required minimum distributions and still work part-time? I'd just funnel extra money into other investments when I had a surplus to cover when the side work wasn't there.
save me from MIL:
Next question, my wife is worried about her mom. Simply put, she's worried that mom will secure financing using our credit (after all, she knows my wife's SSN, etc). Is there any reasonable way that we can go about ensuring that we're reasonably protected? Some sort of double-secret probation to make it impossible to secure financing.
asset protection:
My wife worried about a lot of things... most recently it's being sued over whatever. We've got great auto/homeowners insurance and an umbrella policy to round it out (plus I'll pick up general liability insurance for my side work this year I think). But, where should I at least start / who should I turn to for advice on ways to shield our retirement assets further? I'm not looking for legal advice, just who we should start with.