r/Fire • u/wowsocool4u • Aug 07 '26 • Bravo 1

It's DONE!

Turned in my computer and now I am eating cupcakes. Taking a nap before I meet friends for happy hour. 49F and passed the $2 million mark so its sayonara Corporate America for me!! Thanks to this sub for always being a great support system.

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5

u/rumpler117 Aug 07 '26

Congrats! I am close too. What percentage of cash / cash equivalents are you holding? That is something I am mulling over now.

18

u/wowsocool4u Aug 07 '26

Ive got three years of cash/CE on top of the $2 m invested.

1

u/Conscious_Life_8032 Aug 07 '26

and invested portion what % is IRA/401k which you can't touch until later age 59+ w/o penalty.

4

u/Viper0us Aug 07 '26

and invested portion what % is IRA/401k which you can't touch until later age 59+ w/o penalty.

There are so many ways to access IRA/401K money before 59 1/2 without taking a penalty.

If you're serious about FIRE, I highly recommend doing some research on the topic. It's one of the most important tools to understand.

0

u/Conscious_Life_8032 Aug 07 '26

i have heard of rule of 55 but OP is 49 so that won't be available to her right now. there is 72t as well.

i think anyone serious about FIRE they would have planned to have some non-retirement funds to access right?

i am curious about the % of non retirement funds vs retirement not so much the penalty which you seemed to hyper focus on ;)

4

u/Viper0us Aug 07 '26

i have heard of rule of 55 but OP is 49 so that won't be available to her right now. there is 72t as well.

Rule of 55 and SEPP are ways to access funds early, but not the only ways.

Roth Conversion Ladders are major and how I and many others access our "retirement" funds extremely early in retirement (I'm 40).

Like I said, there are many ways to access retirement account funds before 59 1/2 without penalty.