Recent content by madman

Agree it is just a report. IMO by defaulting to "Significantly Below Average" the default data is garbage. I am 43, 401K balance is $1.38M. For Fidelity calc my estimated retirement expenses are ~$9K p/m, $108K p/y. Default fidelity setting report says I might have $8316 p/m with a need of...

Great advice in the thread. For me the default from Fidelity to a significantly below average is a money grab. The more $ in your account the more $ they make. IMO, they want you to over save to keep adding value to your 401K so they make more $. When I hit planning on my 401K.com it...

Ignore my last post, did not realize this was an old post that popped up! :)

Not sure if you would want to but you could always go part time as a consultant for a year and then FIRE. I was planning to FIRE May 2024 at 44. I have been mentoring my replacement but boss does not know I plan to leave yet. I plan to let him know in Jan and tell him I am willing to work...

We are still running similar numbers. I am $2.56M still working towards $3M with a goal by May 2024. Up ~200K so far YTD. Market is still unpredictable but I am staying fulling invested in stocks hoping to hit the goal for next year. I thought there would be a recession by now but market...

Fellow procrastinator here. I was going to give a more detailed response but figure I will type it out tomorrow.

I don't even bother with these type of lawsuits. Years ago BofA sold my mortgage to a shady mortgage company. They charged you an $11 "convenience fee" to pay your mortgage online every month. If you did not want to pay the convenience fee, you could mail them a check which they would happen...

Up 11.9% YTD, 99% equity/1% bonds. My account summary page shows return summary for YTD, 1 year, and 3 years as of 3/30/23. My 1 year return is +4.2%, my 3 year is +83%. 3/30/2020 was around the time the market tanked due to COVID. Good example of why not to panic sell all of your stocks...

Congrats! Sounds like it will work out even though you told them well ahead of departure date. I will plan to give 4 months notice to my boss. I have a direct report that works for me who I know will take my spot when I leave. I told him my plans 3 years ago and have been mentoring him since...

As a fellow surfer, congrats on being 52 and still riding a 6'0"! I grew up in FL and surfed through my teens and early 20s. Then ended up moving to landlocked places for work for the past 20 years. I have been wakesurfing for last few years to get my surfing fix but my plans on early...

I am expecting a downturn as well. Last year I thought it would happen by now, but thinking end of this year or early next year. With current inflation and interest rates people are finally pulling back on spending but will take awhile for the economy and market to feel it and react. For now...

Congrats. Nice to be in the driver seat controlling what you want to do!

Great thread! Read the thread, great to see the long term goals coming together! Seems like several of us are in a similar place money wise. Minus home equity and kids college money I am around $2.4M active investments. I want to get closer to $3M to pull the trigger next year but market...

Just saw post was from 2019 LOL, hopefully you are still living the dream. :)

Great post! I pulling the trigger next year at 44. I surfed in my younger years and was going to Mex and Central America in the early 2000s, loved it. Now in 40s but my fire plan is to go back to minimal living and chasing waves. Early retirement was my plan since college, only problem was...