2024 R fatfire - The IPCC special report on climate change and land (2019), is very clear that we need to significantly increase reforestation and sustainable management of forests (with timber harvest) to meet any of the viable pathways to limiting climate change to 1.5 degrees. These are the world’s best climate scientists.

 
nextinternet • 2 yr. ago. I agree with princemendax, you're a little early for the trust side of things until you get around the 10m marker, then you are quickly approaching the 2022 estate exemption of 12.06m (rollback to 50% of the inflation-adjust amount in 2025 if no laws are passed to update).. R fatfire

As for the actual driver it seems like you have lots of advice on here. If you really like a driver from a service then just make a personal connection and an offer. If you want a driver to literally wait on you at all times that will probably cost about $80k per year but obviously thats a loose figure. It's off the points usage, when using business platinum. You get 35% points rebate on your preferred airline, or 35% points rebate off any biz/1st class ticket. It often makes business class not too much more than economy when using points. So if a ticket is 100k pts, you'll get 35k pts back, only costing 65k pts for the ticket.However, we already live in a beautiful but boring suburb so we crave people watching, energy, entertainment, and for that, one notch below the high end ones is often the best choice. yelloworchid • 8 hr. ago. Jade Mountain Resort - St. Lucia, Cap Maison - St. Lucia. Cocobay - Antigua. 4. kimjongswoooon • 18 hr. ago.What is Fat FIRE? Everything You Need To Know Five years ago, I didn't know what FIRE was. I mean, I knew what fire was — something to gather 'round to drink beers, tell stories, and burn marshmallows. But I was oblivious to the acronym that has since become life-changing: Financial Independence, Retire Early.Hey OP, congrats to you for pursuing your dream and having the guts to hit the eject button to pursue non-corporate life goals. While I think this is a great story, I don't know if r/fatFIRE is the right place to share it. Since you're going back to work the grind again, I'll share some observations because I did something similar. Likely to deliver this summer. Surrogacy process with all its fees and payment to surrogate ran about $100k. Process was relatively straightforward as managed by the agency who had done this quite a bit. A few hurdles legally since our state has no laws around it, but sympathetic judge made a court order to allow it.Nov 30, 2022 ... According to Allen Wong, a moderator for the subreddit r/fatFIRE, the platform allows members to “speak freely without fear of retaliation ...r/fatFIRE • PSA: Schwab/TD Ameritrade & Fidelity and how I was offered $6,500 to not switch ...28F that needs to diversify. I am the owner of a small business that is doing fairly well - this year I'm looking at around 550k of profit and next year I hope to double it to around 1 million USD. I'm in a sector where I doubt I will ever get it to a point that I'll be able to sell the business for millions or the gravy train will run for decades.Like everyone else has already suggested, you should diversify using a fairly standard retirement portfolio. Real estate is additional risk and leverage on top of the risk and leverage you're already taking on with the staffing business. If you want to diversify, you should start by learning risk management. At current salary fatFIRE is an unlikely dream. Currently interviewing for a remote job with a SF tech company though, if that goes well I will be on track to actually join the FF group, just not before 50. I feel that's not too bad though. Feels really slow compared to many here, but I like the motivation. 19.DrHorseFarmersWife • 6 mo. ago. I’m a lawyer but not a divorce lawyer. #1 is get a therapist that charges less per hour than your lawyer and don’t mix them up. #2 is use that therapist to help get your mind right about not throwing good money after bad and trying to get too cute/vindictive in the process. Boglioli is a steal at the price point for off the rack formal wear, Brioni has great suiting for the large man if you want a “power” look. One great way to make off the rack clothing look and fit amazing on a hard-to-fit body is to find a local alterations tailor and build a relationship with them. 25. 1.RothRT • 4 mo. ago. Keep in mind that there is the RE element to FatFIRE. Lifestyle creep during the earning years, for some, can delay attainment of FIRE, even at fat levels. Sometimes I feel like this sub is too much about the Fat and not enough about the FIRE. Entrepreneurs_TV • 4 mo. ago. The acronym stands for Financial Independence, Retire Early. Fat refers to the abundant nest egg one must acquire to gain the financial independence to retire early. This movement shares some of...There were multiple insurance companies involved, and Chubb was the one that let us get everything underway smoothly for replacement. Much better experience than the other companies, who paid slow and required more pricing out of replacements and more quibbles around costs. Contractors said the same. 10. Second the Land Cruiser. Discrete luxury - although in Sweden it is going to drink a lot of liters of gas. 14. BananaH4mm0ck • 3 yr. ago. Defender is great, but it’s not quite luxurious. More utilitarian, which is aligned with its purpose and fit …The IPCC special report on climate change and land (2019), is very clear that we need to significantly increase reforestation and sustainable management of forests (with timber harvest) to meet any of the viable pathways to limiting climate change to 1.5 degrees. These are the world’s best climate scientists. Jul 14, 2023 ... Fat FIRE is a financial independence, retire early (FIRE) subreddit for wealthy individuals and families. Verified Reddit users of FatFIRE have ...My guess: the difference stems from the way that most of the people here achieve FatFIRE. The stories I see are mostly windfall stories like stock options, business acquisition, etc. The rich old guys you know sound like they built their wealth through compounding gains of cashflow over a long period of time. Feedback for high-end massage chairs. Curious if anybody here has gotten them and what your thoughts are. I'm looking at newest Human Touch model, 15-20% off for BF and considering taking the plunge. I remember testing them out 5-10 years ago when I wasn't realistically considering them and felt the technology just wasn't quite there.The various FIREs are really about sustaining different burn rates and the degree to which you must actively manage to a budget. leanFIRE on one end of the spectrum is budget minimalism, and fatFIRE is living the life you want without having to strictly budget. paperboiko • 2 yr. ago.r/fatFIRE • 1 mo. ago by TopCrab129 Am i ready for Fat Fire Not sure if I belong in this community but am posting regardless, I'm 54M, physician.A wise mentor (who wishes he had had more than 2 kids and is a a FatFIRE) describes life as a 3 Chapter book: Chapter 1) Preparing to live the life you want to have, including finding your wife and having kids. Chapter 2)Living the life you built for your family, and preparing you and your wife for the future.We would like to show you a description here but the site won’t allow us.Chase is the better bank, better service, branches everywhere, better app (BoA straight up refuses to deposit some checks for me) easier to get someone on the phone and gives free wires. I've banked with local banks, national banks and credit unions and of all of them Chase by far has been the best experience. BoA gives the 2.625% cash back. 5 Million * 4% is $200k per year in perpetuity money. 200k/year is solid, especially with the much lower taxes of investment income. 5 Million is a great goal, but I wouldn't consider it fully FATfire. You'd be making 200k a year based off the 4% rule. 200k per year is more than enough for most families. So, on the Digital plan, you'll pay just 0.15%. for the portion of your balance above $2M, and on the Premium plan, you'll play 0.30% for the portion of the balance above $2M. 1. fireeverafter • 2 yr. ago. Former Wealthfront user, had half my net worth in it for 5 years, then removed it all to just do simple ETFs.At a 4% SWR, you'd need assets of a bit over $5 million. For an easy definition, I'll call FatFIRE as $200K in passive income and/or $5MM in investments. (The and/or is because income vs. investments can be wibbly/wobbly when things like pensions come into play.) 95th Percentile: $274K/yr. 99th Percentile: $504K/yr.Physician Fat FIRE advice. Greetings! Long time lurker, first time poster. Wanted to ask some advice from FIRED physicians (or really anybody who has practiced a single trade for most of their lives) on how they made the transition from work to retirement. I'm in my forties and have had a fulfilling and successful career for most part except ...The acronym stands for Financial Independence, Retire Early. Fat refers to the abundant nest egg one must acquire to gain the financial independence to retire early. This movement shares some of...We are a dual physician couple living in a LCOL city. Combined as two specialist physicians we bill well over 7 figures. Over the last few years by restraining life style inflation we have been able to save up $4 million (mostly in ETFs). We save between 700 k - 1 million dollars per year, and can add that amount for each extra year we stay here. Our American Express card has a $250 annual fee. It offers 4x Amex membership points on 2 most used categories per month, up to $120,000/year, then 1 point per $1 spent. We use this card exclusively for shipping charges since we go over the $120K maximum every year. The points add up really fast with the 4x benefit. I just opened a brokerage account, I’m in my 20s looking for tech stocks that have a huge upside potential, something like nvidia or AI… appreciate it. r/Fire: FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. It's not easy, but it is simple: earn more …. 5 Million * 4% is $200k per year in perpetuity money. 200k/year is solid, especially with the much lower taxes of investment income. 5 Million is a great goal, but I wouldn't consider it fully FATfire. You'd be making 200k a year based off the 4% rule. 200k per year is more than enough for most families. Jan 9, 2022 ... Anyone is interested in fat fire? This is from Reddit. https://www.reddit.com/r/fatFIRE/comments/rwwjn5/… 2021 Spending Breakdown I thought ...Supplements provided by owner to be fed by barn staff $50-100 mo. Transporting the horse is $.75-1 a mile. Shoes every 5 weeks for $150-250. Vet- depends, a colic can be $5000-8000 with surgery. lameness evaluation with x-rays on a barn call- $750-1000. Worming/ yearly vaccinations maybe $300 year.Failure to do so is going to lead to the accounts continuing to appreciate until RMDs start in your 70s. At that time, you will have a base level of income (fat fire folks, likely around $75k /yr of 2023 dollars. That will make the withdrawals (including a ton of appreciation) taxed at your top marginal rate which is above 10%. FATFire Before Singularity: Anyone Else Feeling the Same? I've been working as a mid-level engineer at a FAANG company. For decades, I've been intrigued by the concept of the singularity, the point when artificial intelligence might greatly surpass human intelligence. Every passing day, it feels more like a looming reality rather than a theory.I just opened a brokerage account, I’m in my 20s looking for tech stocks that have a huge upside potential, something like nvidia or AI… appreciate it. r/Fire: FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. It's not easy, but it is simple: earn more …. October is potential hurricane season. If you’re truly fat, then wait to book last minute after the weather looks ok. Flights might be a little more but at least you know there isn’t a hurricane coming. None of the hotels will be sold out in October. Amanyara fits the bill. Also there’s r/fattravel to post to. 42.However, we already live in a beautiful but boring suburb so we crave people watching, energy, entertainment, and for that, one notch below the high end ones is often the best choice. yelloworchid • 8 hr. ago. Jade Mountain Resort - St. Lucia, Cap Maison - St. Lucia. Cocobay - Antigua. 4. kimjongswoooon • 18 hr. ago.Own Platform. FatFIRE is a subreddit with over 307,300 members worldwide where they share tips and advice to become wealthier in order to retire early. The subreddit is free …Like $2000 SGD/sq ft. You do get a break on the foreigner stamp duty as an American with purchase which normally adds another 20% (or so). No public schools for foreigners, will need to go private. Pre-Covid travel is awesome. Changi is a great airport, major hub. Not much of a culture shock. Lots of British influence.For context, I’m early 30s, married with one child in LCOL, very stable dual income household bringing in about 1.5M/yr, on track for fatfire in about 5y. Excellent work/life balance and generally a very happy person. Most of my hobbies are entirely free or extremely cheap. As a household we only spend 13% of our pre-tax income.The objective of the Wellington Fund is to provide both (1) long-term capital appreciation and (2) reasonable current income. And to do so with (3) consistency and low volatility. This is a tall order. But Wellington tries to achieve their goals by: Setting an asset allocation of 60% to 70% stocks and 30% to 40% bonds.r/PleX • We live on a farm with no internet. I would like to buy a router purely to connect a hard drive to, so that I can stream movies locally from the HD on my devices around the …And have renter's insurance, but wondering if it would still make sense to get an umbrella policy too in case of a bad car accident or our dog bites someone. Yes. $1m at least on top of your renters insurance. Will cost you less than $500 a year. Not many insurers will issue such a policy if you don’t have a homeowners or car policy already.With FatFIRE, proponents maintain a more standard spending level. Your expected expenditure should be slightly above the national average. The figure will vary, but might start at about $80,000. Using $80,000 as an example, you should save about $2M to maintain a budget with a yearly withdrawal rate of 4%. To many, this is the ideal lifestyle.Surprisingly, there are a ton of real people lurking this sub. I do feel like a lot of times, either NW or business valuations may be inflated. There's a lot of people with $5m+ in this world. Many people, even high level executives with Ivy League educations, don't know what to do when it comes to their own money.RothRT • 4 mo. ago. Keep in mind that there is the RE element to FatFIRE. Lifestyle creep during the earning years, for some, can delay attainment of FIRE, even at fat levels. Sometimes I feel like this sub is too much about the Fat and not enough about the FIRE. Entrepreneurs_TV • 4 mo. ago. I'm a therapist and my patients are mainly "fatfire" people. Them being patients, I obviously have the ultimate selection bias. Yet: What I find is that those who lean too much into this logic of optimization are the ones that suffer from a (literal) maddening degree of alienation.Get a Crypto.com Visa debit card, way better benefits on offer than banks, including up to 14% interest on deposits and 8% cash back. -9. James-the-Bond-one • 1 yr. ago. A lot of people downvoting, but that's actually one of the best answers to OP's desire to have a card (VISA/MC) with cashback rewards.r/architecture Rules. 1. Don't ask for free or compensated labor. 2. Don't ask for others to complete your homework. 3. Don't ask for a job. 4. Don't spam, overpost, or aggressively self-promote.Most people both here and r/fatfire seem to have settled on this being 1.5ishM-4M net worth and Fat being 5M+. Lifestyles/path to wealth stories seem to vary a bit with there being more high risk stories that paid off in the Fat sub and more steady employment and savings here but this sub is just increasing in activity so we may find that ...At a 4% SWR, you'd need assets of a bit over $5 million. For an easy definition, I'll call FatFIRE as $200K in passive income and/or $5MM in investments. (The and/or is because income vs. investments can be wibbly/wobbly when things like pensions come into play.) 95th Percentile: $274K/yr. 99th Percentile: $504K/yr. Ever wanted to find treasure that's been available yet buried in /r/fatFIRE over the years? Here's a guide that could help you in your search. Have fun!Yes, entrepreneurship I'm general. Building things, going from 10 hires to 50 to 150, figuring things out every step along the way with constant new challenges. Knowing you're providing a career for that many and they all look up to you keeps that motivation going, similar to how I imagine parenting would be. 39. 5 Million * 4% is $200k per year in perpetuity money. 200k/year is solid, especially with the much lower taxes of investment income. 5 Million is a great goal, but I wouldn't consider it fully FATfire. You'd be making 200k a year based off the 4% rule. 200k per year is more than enough for most families.Three major goals at the start of 2022 were to decrease our home improvement spending, and to increase our travel and restaurant spend. We absolutely nailed the spending increases but bit the bullet on some home improvement projects, and missed that goal substantially. Travel may decrease a bit in 2023 as we look to maximize use of the new ...I just opened a brokerage account, I’m in my 20s looking for tech stocks that have a huge upside potential, something like nvidia or AI… appreciate it. r/Fire: FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. It's not easy, but it is simple: earn more …. We would like to show you a description here but the site won’t allow us.An even better answer: VSTAX in a irrevocable trust using your lifetime exemption gifting + crummey powers if you want to do $15k/$30k annual gifting to it. Again, at low 8 figure NW, you can't afford to send off 50%-100% NW in a irrevocable trust to dodge estate taxes. This is more mid-8 figure NW planning.The real estate will be several short term rental properties generating $280,000 per year in rental profits (7%) plus 3-4% in appreciation (this just offsets inflation and I don't count it as income). All together I'll have a pre-tax retirement income of $360,000 which is 6% of $6M. Additionally I'll have several luxury properties to enjoy free ...quixoticspaz1 • 3 mo. ago. There are two tiers of trust and estates attorneys: (1) boiler estate planning documents for around $5,000 - $10,000 or (2) hourly engagements with a bigger firm at $1,000 an hour. You won't get your questions answered in the way you want by a shop doing a $5,000 estate plan.It's totally possible - it's just math! 1. Start Early: The best way anyone will achieve "fat" FIRE is to simply start early. Check out this article on how to become a millionaire by 25. To summarize, it takes $305 dollars per day starting at age 16 to make it to $1,000,000 by 25.Welcome to r/ChubbyFIRE, here we aren't rude and welcome mid to advanced fire topics, please do not ask things like "How can I invest money" or other very basic things. We try not to moderate too heavily but please be respectful and use the weekly thread as much as possible for smaller questions. Similar subs: r/FatFire. r/fire. r ...We would like to show you a description here but the site won’t allow us.WrongWeekToQuit • 1 yr. ago. The rule of thumb is to have enough umbrella coverage to protect your net worth, but I will argue for a minimum of $4M-$5M, especially since the premium is cheap (for those on the path to fatFIRE). I rear-ended someone at low speed some years ago. Zero physical damage to either vehicle.Wealth and Financial Independence/Retire Early. r/fatFIRE. Retire with a fat stash. 379K members • 859 online.Yes! Think about it terms of percentages. Going from $1 to $100,000 is a 10000000% increase. Going from $100,000 to $1m is a 1000% increase. Going from $1m to $2m is a 100% increase. The first million is always the hardest because you essentially have to earn the full million on your own. I generally see people reporting it takes about three ...Working on lighting, painting and cement sealing in that order. Some two-post lifts can keep the garage usable as parking space when not being used to lift a car (stored up, down, or partially diassembled). If you own the house I would install a 2 post. I do almost all my own car repairs as well.Class Time and Link. 06:30 am pt/09:30 am et: 45 min Sweat Steady Ride. Class Playlist. This class features Robyn, TV on the Radio, Thirty Seconds To Mars, OutKast, Jungle, Halestorm, Foo Fighters, Sikdope, ZOOTAH, Pharrell Williams, Ciara, Skrillex, and …We would like to show you a description here but the site won’t allow us.We would like to show you a description here but the site won’t allow us.What is FatFIRE? FatFIRE is Financial Independence / Retire Early at an overabundant or luxurious level. Unlike FIRE (and leanFIRE in particular), FatFIRE is typically achieved through high incomes rather than minimalism or extreme frugality. What are the minimum levels of income or net worth required to be considered FatFIRE? Likely to deliver this summer. Surrogacy process with all its fees and payment to surrogate ran about $100k. Process was relatively straightforward as managed by the agency who had done this quite a bit. A few hurdles legally since our state has no laws around it, but sympathetic judge made a court order to allow it. FatFIRE is a type of FIRE. The main idea of FIRE is to earn enough money so that you can save enough to have financial independence and retire early. To FIRE means to save enough money to live a …FatFIRE: With fatFIRE, the goal is to earn as much money as you can to save enough to live a comfortable and enjoyable retirement without cutting costs or diminishing your standard of living. FatFIRE …FatFIRE is a version of the FIRE movement. It involves higher levels of savings and income in retirement than FIRE does. To understand how FatFIRE works, it can be helpful to know: How much...For CPAs, mine is 650/hr and the help is 200-450/hr depending on experience/seniority. Again, your annual cost will vary wildly. In years with asset audits, my annual accounting spend is between $150,000-$300,000. If it’s just personal and not my businesses, between 5,000-25,000 annually. Fine-Mission-2312 • 2 yr. ago.Nov 14, 2022 ... Check out https://www.reddit.com/r/fatFIRE/Saw guys there that work 30h/week and make 800k, have nice tax structures, some have 40M saved up .... Delta downs racing results, Hair salon beckley wv, 22 degree multiplier, Emoji stealer discord, Aarp 10x10 classic game, 3347 northwood rd, When does big meech get out, Costco hours santa clarita, Sandusky dispatch log, Randolph randy murdaugh iv, Boyd county detention center inmate list, Honda civic p0113, You pull and pay price list, Gti independence

Overall UI is MUCH better on Schwab, and there's an instant calculation of PAL available balance to draw from depending on daily market movements, trading activity, etc. One interesting difference is that JPM uses daily SOFR whereas Schwab is 30-day average. So the day FED increased rates, JPM increased commensurately.. Wave broadband outages

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Same. My father gambled away a significant amount of his retirement in his desire to also get rich. My mom pressured my little sister to succeed like me and my little sister overdosed from the pressure. Now she's seeing and hearing things an5 Million * 4% is $200k per year in perpetuity money. 200k/year is solid, especially with the much lower taxes of investment income. 5 Million is a great goal, but I wouldn't consider it fully FATfire. You'd be making 200k a year based off the 4% rule. 200k per year is more than enough for most families. Class Time and Link. 06:30 am pt/09:30 am et: 45 min Sweat Steady Ride. Class Playlist. This class features Robyn, TV on the Radio, Thirty Seconds To Mars, OutKast, Jungle, Halestorm, Foo Fighters, Sikdope, ZOOTAH, Pharrell Williams, Ciara, Skrillex, and …It’s completely reasonable to plan a fatFIRE lifestyle at $10m. But if you read this subreddit, there’s a massive chance that once you get to $9m, instead of being happy taking the win, you start imagining the cool stuff you can do with $15-30. And then you keep working for decades beyond the original plan. 11. Mid 30s couple who put the RE in fatFIRE and actually retired early (~$200k spend at ~$8m NW). We are expecting our first child soon and have done research on how we can use our money to help make new parenting easier.What is FatFIRE? FatFIRE is Financial Independence / Retire Early at an overabundant or luxurious level. Unlike FIRE (and leanFIRE in particular), FatFIRE is typically achieved …This number is based only on your estimated annual spending in retirement and your Safe Withdrawal Rate (SWR): (Fat FIRE number) = (annual spending) / SWR. Safe Withdrawal Rate (SWR) is the estimated percentage of your net worth that you expect to withdraw to cover your living expenses in retirement. 4% is widely considered as the recommended ...quixoticspaz1 • 3 mo. ago. There are two tiers of trust and estates attorneys: (1) boiler estate planning documents for around $5,000 - $10,000 or (2) hourly engagements with a bigger firm at $1,000 an hour. You won't get your questions answered in the way you want by a shop doing a $5,000 estate plan. NNN lease market was hot 🔥pre COVID in a low rate environment - the cap rate is like 3-4% for credit tenants. Now the treasury bond rate is probably higher than the NNN return. Unless you do a build to suit development deal w a NNN tenant and get 8-9% development yield, don’t think buying existing NNN assets are wise.Wealthfront 1.82% APY up to $1m. Betterment 1.79% APY (+0.25 promo) up to $1m. Marcus 1.90% APY up to $1m per individual account (not to exceed $3m per owner) Note: Marcus and Wealthfront both adjusted their rates today (11/1/2019) to reflect changes in fed, Betterment has not (yet).Fatfire Canadians getting medical treatment in the US. A Canadian friend has been suffering from a difficult to diagnose medical issue and they believe that the best experts for it are in the US. There is no concern about being able to pay the costs out of pocket. My thought was that they could just make an appointment and travel in as a ... My fatFIRE target is $5M, plus a fully paid off primary residence. I recently obtained the fully paid off primary residence and it feels great to never have to pay rent or a mortgage again. But even though I've been aggressively saving for retirement (over $200k yearly in contributions) it will be several more years before I manage to save up ...The subreddit r/fatFIRE ended up overtaking both the FIRE and leanFIRE versions and now has over 325,000 members who are ambitious, career-oriented, and value time and freedom above all else.You could theoretically use the 529 as a multi-generation education trust, where you end up changing the beneficiaries to grandchildren, then later change the account owners. Finally, the limit is per state, so you could open a plan in all 49 states that offer then and have as much as $23.3m per beneficiary. No, not yet. Though like others mention, it is a pretty good path to chubby fire and potentially fatfire, depending on how you approach it. As I know over in r/taxpros, there are a number of people that have hit pretty fat numbers in their late 40s/early 50s.Genuine question, why would people retire from S&P 500 tracking index/Etfs with a 4% swd which can only last them 30 years, when dividend etfs/index funds are less voloitile and provide stable income even during bear markets. My fatFIRE target is $5M, plus a fully paid off primary residence. I recently obtained the fully paid off primary residence and it feels great to never have to pay rent or a mortgage again. But even though I've been aggressively saving for retirement (over $200k yearly in contributions) it will be several more years before I manage to save up ...The answer to your question is a tax free transfer of wealth. Life insurance is not taxed and not included in the 11m cap. A large whole life policy, while having an expensive premium, could save your heirs in taxes. If they aren’t yet fatFIRE they are unlikely to have the level of wealth where this matters. At current salary fatFIRE is an unlikely dream. Currently interviewing for a remote job with a SF tech company though, if that goes well I will be on track to actually join the FF group, just not before 50. I feel that's not too bad though. Feels really slow compared to many here, but I like the motivation. 19. My fatFIRE target is $5M, plus a fully paid off primary residence. I recently obtained the fully paid off primary residence and it feels great to never have to pay rent or a mortgage again. But even though I've been aggressively saving for retirement (over $200k yearly in contributions) it will be several more years before I manage to save up ...DrHorseFarmersWife • 6 mo. ago. I’m a lawyer but not a divorce lawyer. #1 is get a therapist that charges less per hour than your lawyer and don’t mix them up. #2 is use that therapist to help get your mind right about not throwing good money after bad and trying to get too cute/vindictive in the process.NNN lease market was hot 🔥pre COVID in a low rate environment - the cap rate is like 3-4% for credit tenants. Now the treasury bond rate is probably higher than the NNN return. Unless you do a build to suit development deal w a NNN tenant and get 8-9% development yield, don’t think buying existing NNN assets are wise.I just opened a brokerage account, I’m in my 20s looking for tech stocks that have a huge upside potential, something like nvidia or AI… appreciate it. r/Fire: FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. It's not easy, but it is simple: earn more ….The answer to your question is a tax free transfer of wealth. Life insurance is not taxed and not included in the 11m cap. A large whole life policy, while having an expensive premium, could save your heirs in taxes. If they aren’t yet fatFIRE they are unlikely to have the level of wealth where this matters.FatFIRE is a version of the FIRE movement. It involves higher levels of savings and income in retirement than FIRE does. To understand how FatFIRE works, it can be helpful to know: How much...At current salary fatFIRE is an unlikely dream. Currently interviewing for a remote job with a SF tech company though, if that goes well I will be on track to actually join the FF group, just not before 50. I feel that's not too bad though. Feels really slow compared to many here, but I like the motivation. 19.As with any information found online, members are always encouraged to view the material on r/fatFIRE with healthy (and respectful) skepticism. If you are unsure of whether your post belongs here or as a distinct post or if you have any other questions, you may ask as a comment or send us a message via modmail.Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Basic outline is a retirement portfolio target of ~2.5MM-5MM, think of it as the upper middle class of retirement Created Feb 19, 2019 r/fatFIRE: Retire with a fat stash. The wife and I are selling our house in the Caribbean because the neighborhood is changing and it's time, but we still would like a place on the island with less need for maintenace and a better location. Obviously just about every person alive would love to make the big bucks so being 22 and saying you ‘aim to Fatfire’ as these posts often do is just way off the mark. I found that the regular members of this sub also give very well-thought-out responses to nuanced (first-world) problems, which otherwise is quite hard to find.Surprisingly, there are a ton of real people lurking this sub. I do feel like a lot of times, either NW or business valuations may be inflated. There's a lot of people with $5m+ in this world. Many people, even high level executives with Ivy League educations, don't know what to do when it comes to their own money.As with any information found online, members are always encouraged to view the material on r/fatFIRE with healthy (and respectful) skepticism. If you are unsure of whether your post belongs here or as a distinct post or if you have any other questions, you may ask as a comment or send us a message via modmail.Ours included dinner / drinks / lodging in a rented house the day before the tournament. They typically have a shuttle that drops you off outside the entrance to Augusta and picks you back up. It's expensive, but one of the only ways to guarantee access to the Masters for outsiders.At a 4% SWR, you'd need assets of a bit over $5 million. For an easy definition, I'll call FatFIRE as $200K in passive income and/or $5MM in investments. (The and/or is because income vs. investments can be wibbly/wobbly when things like pensions come into play.) 95th Percentile: $274K/yr. 99th Percentile: $504K/yr.Physician Fat FIRE advice. Greetings! Long time lurker, first time poster. Wanted to ask some advice from FIRED physicians (or really anybody who has practiced a single trade for most of their lives) on how they made the transition from work to retirement. I'm in my forties and have had a fulfilling and successful career for most part except ...FAT life with an alcoholic. My husband (42M) has had issues with alcohol for years, but has always been very functional. I’m beginning to realize how big his problem is. He is still highly functional (does not seem to impact his work), but his repeated attempts to cut back on his alcohol intake have not been successful.In addition to the "extra $280K," you'll also need to spend (say) $150K to sell your current house (brokerage commissions, closing costs, etc) and to pay for moving. That's a lot of money just to upgrade from a $2M house to a $2.52M house. Not if they sell their existing house for 10% more “than it is worth” as well.r/fatFIRE • 1 mo. ago by TopCrab129 Am i ready for Fat Fire Not sure if I belong in this community but am posting regardless, I'm 54M, physician.I think my post is relevant to fatfire because there are a lot of lawyers here and my path was a good one to fatfire. A lot of people don't really think about the solo/small firm route to get rich. I also like mentoring people and sharing my success with others to motivate them and educate them. And yes, my plan was always a 1-2% SWR.It’s a very bad idea due to taxes. Passive Foreign Investment Companies (PFIC) are punitively taxed at the highest rate we have in the US that year. So it’s a catch 22 since the US firms won’t allow you to buy US ETF’s if you live in the EU and you can’t buy EU ETF’s since the taxes are too high in the US. 5.Personal Injury lawyers make..bank? Heard about this on My First Million, this lawyer shares his financial life story on r/FatFire. $6M-$8M PER YEAR in…RothRT • 4 mo. ago. Keep in mind that there is the RE element to FatFIRE. Lifestyle creep during the earning years, for some, can delay attainment of FIRE, even at fat levels. Sometimes I feel like this sub is too much about the Fat and not enough about the FIRE. Entrepreneurs_TV • 4 mo. ago.Three major goals at the start of 2022 were to decrease our home improvement spending, and to increase our travel and restaurant spend. We absolutely nailed the spending increases but bit the bullet on some home improvement projects, and missed that goal substantially. Travel may decrease a bit in 2023 as we look to maximize use of the new ...I don't watch a lot of TV, but when I do, I gravitate toward shows like Succession, Billions, and House of Cards. It seems to be a distinctly different set of shows than what my non FAT friends like to watch.R. A lion was ... According to the passage, what is the difference between the adherents of Fat FIRE and Lean FIRE when it comes to their standards of living?A comparison of my favorite modelling tools for fatFIREing. I don't know about you guys, but I love data, projections, and modelling the next 60+ years of my finances. I've spent hours on excel mapping things out. I'm a huge nerd - my wife once told me that my spreadsheets were one of the most attractive things about me. We ordered from local craftspeople and artists , and they typically have a 2-4 mo lead time, and will make exactly what you want in the wood and stain that you want. Perfect for bedrooms sets, dining tables, cabinets, chairs, etc. The DFW area has many vintage / used furniture places. You are buying a piece of history.FatFIRE is a version of the FIRE movement. It involves higher levels of savings and income in retirement than FIRE does. To understand how FatFIRE works, it can be helpful to know: How much money ...This number is based only on your estimated annual spending in retirement and your Safe Withdrawal Rate (SWR): (Fat FIRE number) = (annual spending) / SWR. Safe Withdrawal Rate (SWR) is the estimated percentage of your net worth that you expect to withdraw to cover your living expenses in retirement. 4% is widely considered as the recommended ... A comparison of my favorite modelling tools for fatFIREing. I don't know about you guys, but I love data, projections, and modelling the next 60+ years of my finances. I've spent hours on excel mapping things out. I'm a huge nerd - my wife once told me that my spreadsheets were one of the most attractive things about me. Getting into real estate. So I'm very lucky. I'm 25 years old, 3 years ago I inherited about 13 million dollars. A 2.5 million dollar house fully paid off in a HCOL area (Bay Area), two more houses in California (worth about a million together), which are paid off and currently rented out. A 5 million dollar stock portfolio being managed by a ... 5 Million * 4% is $200k per year in perpetuity money. 200k/year is solid, especially with the much lower taxes of investment income. 5 Million is a great goal, but I wouldn't consider it fully FATfire. You'd be making 200k a year based off the 4% rule. 200k per year is more than enough for most families. At a 4% SWR, you'd need assets of a bit over $5 million. For an easy definition, I'll call FatFIRE as $200K in passive income and/or $5MM in investments. (The and/or is because income vs. investments can be wibbly/wobbly when things like pensions come into play.) 95th Percentile: $274K/yr. 99th Percentile: $504K/yr.You should consider the size of the cities as well. What is considered Sydney or Melbourne is 12000km2 and 10000km2 respectively and there is plenty of variation within these. Living in a nice part of Sydney will set you back a fair bit. This is FatFIRE so I'm assuming you want a nice house in a nice area.Mid 30s, dual income and just hit $8MM net worth, mostly liquid in fidelity or vanguard mutual funds and ETFs. We live in a VHCL area, but at $8MM even with a 5-6% return we are basically adding $400-500k to our net worth every year. We bring in somewhere around $500k+ before tax in additional income from work.FatFire: Net worth Vs. Cashflow. Hi all, I am 36 years young and looking to FatFire within the next 7 years in a Midwest USA LCOL area. Current net worth is $6.5MM. I work in a pretty high stress environment where I can have years where I make $1MM in W2 income and the following year make $100k. Essentially sales in a volatile industry😂. As for the actual driver it seems like you have lots of advice on here. If you really like a driver from a service then just make a personal connection and an offer. If you want a driver to literally wait on you at all times that will probably cost about $80k per year but obviously thats a loose figure. We are a dual physician couple living in a LCOL city. Combined as two specialist physicians we bill well over 7 figures. Over the last few years by restraining life style inflation we have been able to save up $4 million (mostly in ETFs). We save between 700 k - 1 million dollars per year, and can add that amount for each extra year we stay here. r/fatFIRE • 1 mo. ago by TopCrab129 Am i ready for Fat Fire Not sure if I belong in this community but am posting regardless, I'm 54M, physician.Your recovery seed phrase must be kept safe, secure and backed up - failing to do so can result in a loss of funds. We recommend you invest in a hardware wallet to maximize security. r/cardano: Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract ….r/REBubble: A place to freely discuss and investigate the current US housing bubble. Share evidence, zillow screenshots and other interesting items.. 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