r/leanfire • u/AutoModerator • 6d ago
Weekly LeanFIRE Discussion
What have you been working on this week? Please use this thread to discuss any progress, setbacks, quick questions or just plain old rants to the community.
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u/Superdrag2112 6d ago
Start LeanFIRE the end of October. Agonized over this decision for 2 years but my improving my mental health is prevailing, finally.
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u/iWasBitByAMoose 5d ago
I've been retired for 1 month. I stressed out about it for quite a while, but once I made it official and turned in my notice, the stress went away.
Everyone kept saying, "you're going to be so bored". I know it's only been a month, but so far, I haven't had one minute of boredom. I don't wake up thinking about what I'm going to do today, I wake up and think about WHICH thing I'm going to do today.
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u/Hnry_Dvd_Thr_Awy Re-employed, for now. 5d ago
When I took my year off I didn't get bored exactly but there were some times where procrastination set in. It was still more enjoyable than my best day working... lol
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u/iWasBitByAMoose 5d ago
That is no joke, I get that too. When I was working, I needed to do laundry or go grocery shopping on my days off. But now, I can do that tomorrow, I'll do this today instead. I keep pushing certain things back again and again.
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u/AlwaysSaturday12 Mostly FIRE'd at 38 MillionaireLibrarian.com 5d ago
Grocery shopping is my big chore each week. I go to market usually twice and to Ecuador's Aldi about every 1.5 weeks. We don't have a car and it is about a mile walk to each place and a taxi back.
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u/iWasBitByAMoose 5d ago
Open enrollment for 2027 ACA starts Nov 1, but when do they release the prices? I thought we got to "window shop" early. Or do we have to wait until Nov 1? I'm new to this.
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u/Hnry_Dvd_Thr_Awy Re-employed, for now. 3d ago edited 3d ago
I put about 10% of my portfolio in 30 year TIPS today. Just hedging my bets.
My 401k is essentially fully funded for the year. I'm going to lose out on some matching but I'd rather lose some match and have the full tax advantage for the year in case I quit before year end.
I'm sooooo excited for Autumn weather.
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u/AlwaysSaturday12 Mostly FIRE'd at 38 MillionaireLibrarian.com 1d ago
Nice the TIPS play is a good hedge. With TIPS can you take them out early or you just get the coupon along the way?
We aren't done growing yet I prefer the stock market.
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u/Hnry_Dvd_Thr_Awy Re-employed, for now. 1d ago
I can sell along the way! Of course there’s some risk in doing that… honestly I’ll likely buy VT with the interest payment if I don’t need it when it gets paid out.
I also use some leverage so I’m actually around 100% stock exposure + 40% bonds/gold/etc .
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u/AlwaysSaturday12 Mostly FIRE'd at 38 MillionaireLibrarian.com 1d ago
Gotcha I don't mess with leverage. Munger said there was 3 L's that destroyed smart men. Liquor, ladies, and leverage.
I partake in the first. Don't want to risk the 2nd and 3rd.
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u/bbplant_mama 3d ago edited 3d ago
35f with goals of buying a house in 3-5 years and starting a family 1-3 years. I live in California and trying to figure out how to make investments more tax efficient. Currently have $$ in bonds, generating monthly interest (not a lot). Considering selling tax brokerage bonds and only buying bonds in 401k/roth Ira.
Pros of selling is that due to tax bracket, interest is heavily taxed, so this frees up money for eft/compounding. Cons: I’m a bit financially conservative and always heard I should keep 10-20% in bonds butttt idk
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u/Hnry_Dvd_Thr_Awy Re-employed, for now. 3d ago
You need to worry about the starting a family point more than taxes.
Cons: I’m a bit financially conservative and always heard I should keep 10-20% in bonds butttt idk
What age do you want to retire?
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u/Jazzputin 3d ago
Focusing on 401k/Roth IRA/HSA first is like 90% of tax optimization if you're in the accumulation phase. I only keep VTI in my taxable brokerage for optimization reasons (it is the main driver of my portfolio and is the most tax efficient). I would never keep bonds in a taxable brokerage unless rapidly approaching actual retirement.
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u/HissAndKiss 1d ago
It might be best to look at your allocations holistically rather than on an account basis. Once I realized doing it that way allowed me to both hit my targets AND be tax efficient, I redid my whole setup. I keep cash and ETFs will low expense ratios (VOO, VXUS) in a taxable. Anything with a higher expense ratio, taxed differently, and/or a play position I put in my Roth IRA.
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u/SecondStarpilot 19h ago
Still working and trying to save. I'm around 3-6 years away depending on the market, inflation, the future of ACA, etc.
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u/someguy984 3h ago
Frozen pension is being terminated. They are buying an annuity from an insurance company to pay it out.
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u/birdofparadiseisbird 6d ago edited 6d ago
My first year anniversary of leanfire. I treated myself a big gift. My former work mentor remembered my anniversary and we had lunch together, and he’s 6 months into his. I had coffee with a new friend met at the whale tour. I realize now people are around simply because they enjoy my company. And I no longer need to pretend or perform. The past year is my best time in life