I have the option of contributing to my firm’s 401K with after tax dollars. So if you and your wife each have an airline loyalty account, then only transfer your combined points into one account. I’m already subscribed. I can not even imagine what my son will need in the years ahead. Categories Credit Cards Tags Cash Back, Credit Cards Leave a comment. Just found this, I love your information. This book helped me, more than any other, with building my ideal post-FI life! Reasonable efforts are made to maintain accurate information. We know how to avoid paying a lot of money in interest, achieve and maintain an excellent credit score, refinance debt to a lower interest rate, and avoid credit card debt. I’ll be retiring on a mix of military pension and index funds and have no idea how to figure out what I might be paying in different states. Hi, Beth. Lowering your withdrawal rate means you’ll have to build up a bigger balance to pay your bills so that will increase your time to FI. Brandon, otherwise known as the Mad Fientist, is pictured. but I have an even bigger software project in mind that I’m hoping to start in 2019. It is more based on “where your money WILL go” rather than ” where DID the money go”. There are a lot of smart phone companies out there now that have pretty cheap phones and plans. The scales tip towards Personal Capital which is what I use nowadays. It all comes down to credit cards. Unlike certain beginner personal finance gurus, Mr. Money Mustache is a big fan of cash-back credit cards. Is there a way to calculate lost accrued interest? Thanks for all the effort you pour into it. I just have my paycheque. However all credit card information is presented without warranty. While on sabbatical, should I keep putting money into a Roth and HSA? Brandon runs The Mad Fientist and writes about financial independence, the benefits of geographic arbitrage, and how travel can actually help you retire earlier. There are many things I use that could be helpful to you on your journey to financial independence and this page describes those things! But assuming you wont time it perfect, then maybe youd gain $10k? I found the link in the welcome email. Whatever options you decide the most important thing is to make sure that whatever amounts you put on the credit card you can pay IN FULL when the balance is due. On Mad Fientist, Brandon offers a free, ... (B4 and C4) aren't the same as the ones noted on the balances tab — that's because the credit card balances have been subtracted. Required fields are marked *. Brandon, also known as the Mad Fientist, used credit card rewards to travel the world. If this makes sense, WHEN should I do the rollover? Since I spend just as much time figuring out how to best use my miles/points as I do figuring out how to get them, I currently get much more value out of my miles/points than I could get out of a 2% cash-back card but if that changes for some reason, I’ll just switch to the Barclaycard I mentioned above to get ~2% cash-back everywhere. So that’s $20k gain, right? Offers are subject to change without notice and the terms displayed may not be available to all consumers. My questions are: I normally don’t owe much tax so to take advantage of this I thought it would be a good idea to rollover some of my IRA to a ROTH IRA? When the market heads south, we could then buy into an indexed S&P 500 fund (probably Vanguard) and enjoy getting in at the rock bottom (hopefully!). I know that you generally can’t “time the market”, but I can’t help but wonder if we can do some preparations for when the inevitable down-turn of the market arrives. I’m not quite sure… I would love to see a post with what you do for insurance, or a “guinea pig” demonstration that we can follow. Some pharmacies will give you a quote with your insurance information, but they generally get cranky about doing it. Hey Star*Bucks, just go to the About page and you’ll find my contact information there. Thanks again for all of your information. All Rights Reserved. where my tax bill has been in the 100s of dollars, I expect 12% bracket in 2018, mostly likely The Mad Fientist Lab; Show Notes; The two biggest expenses in life are interest and taxes. If you send me an email before you apply though, I can send you my creditcards.com link, which should kick me back something if you apply through their links. However there is a 5% administrative fee on the amount that I deposit, and after 7 years that will add up to quite a lot of money, in my opinion. I notice if I INCREASE my withdrawal rate, all else being equal, my time to become FI DECREASES while I would expect the opposite to be true. What we do when it’s time to fullfill the sign-up bonus required spend is put literally everything we can on the card. I have significant retirement and no retirement savings. Any suggestions? Anyways love the contact keep it up my friend. It’s a junkier junk bond. What do you think about the Schwab Investor checking account? Essentially I just want to open a fund starting with $10,000, and keep adding 10,000 each year while getting some sort of return, or at the very least keeping up with inflation. Now just check your email and start tracking! If you go to his tab at the top that says "credit cards" you can find a spreadsheet which shows which credit cards he thinks have the best bonuses at the moment and another that shows *all* current public offers along on with which the best offer on that card has been in recent history. For FI/Net Worth purposes, do you recommend using the gross value of that asset, or a net value, knowing that it’s going to be subject to a substantive tax when it is withdrawn? Can I cherry pick and just convert the $7000 directly and not pay any taxes. btw i just joined early retirement extreme forums and I places a post showing my financials. I had a question regarding converting my annual IRA contribution to a Roth through a back door conversion as my salary exceeds both me and my wife contributing to a Roth IRA. Do you think it would be simple to open a mutual fund (or another fund) through the Vanguard website as well? The web-hosting company that has been serving up the Mad Fientist since the very beginning! I keep wondering the same. Any thing you use to help in that decision? Are there any gotchas if you cancel after one year? Share your success … I am getting ready to retire, I wanted to know which calculator to use. We are 63 and 59, and self employed. I have lots of ideas, but I think this subject it ripe for the graphs you are so good at. The Mad Fientist's powerful credit card search tool allows you to easily find the best credit cards for your specific travel needs! So in the second year, call up the bank and ask them if you qualify for the sign-up bonus and if you do, UPGRADE back to the original card and DOWNGRADE your wife’s card. Is this true? Are there tax implications of pulling the joint account? If you’re looking for a solid base in personal finance with a focus on … Two crossed lines that form an 'X'. Give them a call if you get stuck with anything but I can’t imagine you will. It depends on your plans after you quit your job. Then I find out what my yearly cost is for the HDHP – I’m biweekly, so I have to multiply the paycheck premium by 26. We max out SEPs and an HSA. So it’s even more risky. I think I can pay it off in 2 years. My pleasure, Eric! I don’t think MMM counts it, but my memory might be wrong on that. Thanks! When I enter 0 (will not withdraw during retirement), it says I can never retire. Still can’t get into the lab or download the spread sheet. Has the FI Lab been useful to you so far? Hi MF! I counted my home equity in my net worth because I knew I’d be selling it before I quit my job but I also forecasted higher monthly expenses in retirement to account for future rent expenses. I had never heard of the technique you described about rolling over your 401k into an IRA and then rolling over to a ROTH before. When you click on the "Apply Now" button you can review the credit card terms and conditions on the credit card issuer's web site. I am wondering if you’ve ever thought about/encountered the following situation related to unused vacation: Any discusion to push me one way or the other would be helpful. Advertiser Disclosure: Many of the credit card offers that appear on this site are from credit card companies from which CardRatings.com and MadFientist.com receives compensation. Once you have that number, you’ll need to subtract any debts you owe. Thank you for all your genius work! It’s not terrible. on how to to put money on a card you would not normally spend? How’s that compare if youd just left the $100k growing until the drop? Unfortunately, I am Canadian so a lot of these great US plans are absent here. Good one! I think I should have had a lower-deductible plan. Once I am doing that, I feel like I should go to adding the HSA. Hi Kristi, I just sent you the welcome email so sorry you had issues! Older posts. I have a general question that’s, I’m sure, loaded in many ways… Nonetheless, here it is: If you know anything about it, I would love to hear your take on this. Quick question. All the best, So when you say you built travelerplastic, does that mean you own it and get the commissions for it? Your net worth is made up of the value of all of your assets, including your home, car, investments and savings. Hey I love your site! I bought a used iPhone 4 off of my colleague for $50 and I have the $10/month Airvoice Wireless plan that MMM wrote about. Camp Mustache – Q&A with Mr. Money Mustache, Afford Anything, & The Military Guide. Hi, I am really enjoying your spreadsheet. What is the value for this field actually supposed to represent? * I am getting approx $13,000 tax credit from federal and $1000 from state. You seem genuine and down to earth and we really appreciate what you’re doing – thank you! Really interested in making a start on my own path but virtually all the sites for tracking and investing seem to be US based. Email series that shares the strategy I used to accumulate over one million frequent flyer points! Nevermind, I just read the previous answer, sorry about that. Please advise. Hi Johnny, you should be able to do that so just give Barclay a call when your annual fee is close to being due. I understand that once I rollover an amount to my ROTH I will have to wait 5 years to tap it. I do the same thing for a PPO every year, however, I use the PPO plan co-pays instead of the expenses. :). If so, that email contains the links to both the spreadsheet and the FI lab. If I start doing Roth conversions, Should I continue with our SEP’s? Should I sell appreciated stock up to the no capital gains tax limit and reinvest it? But what about after I’m 59 1/2. I went with the HSA this year, along with a high dedcutible plan, and then ended up having a lot of medical expenses and meeting my deductible. I prefer the freedom of pay-you-go but that just works for me and my mobile work situation, instead of paying a huge penalty breaking local phone contracts constantly. They both were life changing, spend changing for me. I am planning to quit being an employee (and hopefully go as a consultant/contractor for my current employer). I work in London but benefit from an “overseas workday relief” (OSWDR) scheme which is great cause I pay less income taxes. P.S. When I read jlcollins Stock Series he discusses the wealth building stage (100% stocks) and the wealth preservation stage (something like 60/40), but doesn’t really explain how to connect the two. I ask because with the recent tax changes, we are held to taking a MAX deduction of $10,000 on the mortgage and property taxes per year – is this for the primary residence only or is the MAX for a combined payments for all properties, primary residence AND rental or does the rental get addressed under a separate standalone transaction ? No sign-up bonus can overcome the interest that must be paid on cc balances. – Can I still invest with companies such as Vanguard & Betterment from the UK? One that describes a typical execution of the 4 percent rule would be nice. Haha, I just now saw your follow-up comment so please ignore my reply :). For some reason, a lot of the links are not working today. Could someone clarify please? I got the card first, and then a year later my wife gets the card and I DOWNGRADE mine to a no fee version. Mia The Mad Fientist's powerful credit card search tool allows you to easily find the best credit cards for your specific travel needs! Can you recommend any tax planning sites or apps? I now there are others out there too, but that’s what I use. © 2020 MadFientist.com and CardRatings.com. :). 1 2 3 Next → Name* Email* Resources. Just me, probably, but I guess I take some comfort in knowing I am not the only one confused. I have enough cash to live off of for the next 8 years while waiting to turn 59 1/2 so my income will be 0. Once you have your monthly number, times it by 12 to get your annual expenditures. This includes loans, mortgages, and credit card debt. – If I do will I incur any additional charges (currency conversion etc.)? Thank you. I’m hesitant to set aside money in a college fund given the way education is transforming. What is Travel Hacking? No contract. There are 4 different planning tools, which one is the most basic? I’m actually pretty close to making the jump myself. I am pretty new to this stuff. Would that count towards the $3k? Any help and guidance appreciated. I currently have a roll over IRA from a previous employer and a Roth IRA, both at C Schwab. Total for loan is $42,000. Since I live in Canada many of the tax avoidance tips given are not applicable so my question is- would you happen to have any investment or supplemental income (besides creating a website) ideas for someone living in Canada using strictly Canadian investments or supplemental income ideas or know anyone in Canada who has followed a similar journey as yours but have used various Canadian instruments to gain FI, and if so if there is any way I can get in contact with them to pick there brain a bit? There are stocks and mutual funds, some will probably incur long term gains? So I am thinking about not adding any more money to the account through her, and opening a new one on my own. Free online tool that automatically pulls your financial transactions from your banks and categorizes your spending. Curious about how you approach net worth. Giles. I am asking because I am debating taking X amount of money out of my 401k or remortgaging for the same amount. Join over 100,000 others on the Mad Fientist email list and get instant access to my FI Spreadsheet! If you don’t normally spend enough to make the sign-up requirement, some options you can look at: buy gift cards to stores or gas stations you are going to shop at for future use, have friends/family pay you cash to buy their stuff, pay your taxes (has a fee included, but may be worth it if you are close). FI Laboratory, FI spreadsheet. Ideas? We have taken on a rental and are paying a mortgage on it as renters pay us monthly rent. I have read about them before but I am still not clear on how to do this. Wondering what option makes more financial sense. Love this resource! I wanted to send you an email just to see if you could critique what I’m doing but I couldn’t find a link to your “contact us” page? I can’t decide if that fee is worth having her guidance there. paying more tax, because of losing the kid deductions and college tuition credits. How else can I take advantage of having very low taxable income? We are not claiming any deduction for the IRA contribution as I have a 401K in my office and also my salary exceeds significantly the contribution limits for a deduction. Great site and great podcast by the way….keep up the excellent work. Success! Download the spreadsheet I used on my own journey to financial independence! We can cover the payments easily but wanted your reco. I’m well on my way to FI and am looking for a tool that allows complex variables for FI planning. What pitfalls, like wash sales, must I watch out for? Thank you for your support! Could someone explain to me why, when I enter a larger value in the “Withdrawal Rate” field, my “Time to FI” actually goes down? I have now come to the point of attempting to make use of one of the tools but am having trouble doing so. A vertical stack of three evenly spaced horizontal lines. With my insurance, I currently only have to pay $135 per visit. That can make a big difference. We’re about 5 years from FIRE, but haven’t decided yet where to live. Do you have an iPod Touch or something you could use on wifi? Been looking for a service/ software to use without having to connect mine and my wifes investment and banking passwords and just found your fi lab. At the point where I am it benefits me to have a high-deductible plan. Credit Cards (4) Investing (6) Uncategorized (1) Search for: Recent Posts. I just joined, and tried the “Time to FI calculator”: https://lab.madfientist.com/calculators/time_to_fi. According to the Mad Fientist, you need to know where you are in order to figure out where you’re going. I’m clearly misunderstanding the purpose of this field. I am a qualified public safety employee, if i retire before age 50 when does the 10% penalty for early withdrawal expire? If you've enjoyed the last 9 years of ad-free content and want to say thanks, here's how →. Do you have any recommendations on how to invest wisely this money in the channel islands? Yes, I do own Traveler Plastic but sadly, the credit card affiliate programs are notoriously difficult to get into so only a few cards on that site actually pay me anything. Affiliate Disclosure: Mad Fientist may receive compensation (at no cost to you) when you utilize some of the links below. And if they decide not to pay it, you really have no recourse to get money from them. I have a question about the Capital One Savor Cash Rewards card, that I haven’t been able to find an answer to online. Because credit card offers change frequently, please visit the card issuer site for current information. Will you sell your house and rent or will you keep living in that house? Not enough to fire at the level I want to. The application that powers all of the Mad Fientist's signup forms, email automations, etc. Thanks Mad Fientist and merry christmas to you. I wander how your hypothesis and analysis of retiring young would change with kids and especially if you had a child with special needs. To that end, I have considered taking the balance of our joint investment account (about $100k – about 20% of our stash) and putting it into a high yield savings account. It is very simple to open an ordinary taxable investment account through Vanguard so just give them a call, tell them what you’re hoping to accomplish, and I’m sure they’ll guide you through the process. Right now everyone is covered under my plan offered by my employer. I’ve got about 8 years before I turn 59 1/2 and I just want to get the five year rule on rollovers to a ROTH straight before I take the time to go to a CPA. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. In my short search it seems like a point is worth about $1 is that about right? This book will teach you everything you need to know to become a successful investor! Thanks for your advice. Thanks How many years of data might be good to keep as part of the averaging? Wouldn’t you prefer to receive cash rewards and use those for travel? I imagine the costs would be higher going through a financial advisor so if it were me, I’d just go directly through Vanguard. Did you not get it? ), I knew I was going to love this blog when you mentioned you had read How to Live Free in an Unfree World, and ERE. Just curious about a rule of thumb to keep the FI as realistic as possible. Can i do a back door Roth for just the $7000 contribution for 2019 and not pay any taxes ? Which planning tool works best w/ Personal Capital. Thanks. A coworker shared that the mega back door Roth has different rules and because our employer allows in service distributions, I would be eligible to use this strategy. Thank you. The endless login loop of death! I was wondering if you have knowledge of any FI’ers outside of the US – most of the advice you and your co-bloggers give is specific to the US system – although a lot of the advice is still relevant across borders, some things are not applicable. Like many, a good chuck of my retirement nest egg is in a pre-tax 401K. The Mad Fientist's list of recommended banks, credit cards, books, travel-hacking tools, and financial services! Is the rental considered a separate transaction in the tax forms where the monthly rent is subtracted by the mortgage, insurance and property taxes and depreciation to get the net income and we pay taxes on that amount ? I usually figure out how much I absolutely need to set aside for the HSA (Average of all medical expenses over the last 3+ years (+/-)). I prefer Mint just personal preference. Great information and well presented, thanks in advance. I am a huge fan of your podcast and take every chance I can to soak up some of the knowledge you give out to us about FIRE. Thank you for a wealth of information! General Disclaimer: See the online credit card applications for details about terms and conditions of credit card offers. For instance, if I roll over an IRA to a ROTH when I’m 58, will I have to wait till 63 to tap it or am I free to access it 59 1/2? I was impressed and inspired to learn more. I listened to your podcast on millenials, and that inspired me a lot – do you also have any good places to seek out information on FI for students? Success! On the Averages page, it uses “supplemental income” to calculate the discretionary and total coverage. I read through some of the blog posts and they are so well written. Is this just a crazy strategy in general? – Are there any UK equivalents that you would recommend? There doesn’t seem to be a login. Does it expire at age 50 or does it now extend to 59 1/2? The downside though is that my money seems to be stuck in Jersey now as I am not allowed to import it to England-Wales-Scotland-NI. . Success! – Is there a UK version of Mint or Personal Capital that you would recommend? I seem to be having trouble gaining access to the lab. Spending can fluctuate over time and there may be a few years with big expenses that will skew the average, but that spending may be a one off. Join over 100,000 others on the Mad Fientist email list and start tracking your progress in the FI Laboratory! Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Thank you so much for this free software that includes the graph. Travel hacking is a strategy where you utilize credit card rewards, usually in the form of sign-up bonuses, to accumulate points or miles. Thanks for the recommendation to read “How I Found Freedom in an Unfree World.” Great book with some very practical insights. Welcome to CardRatings.com . If you timed it perfect, youd buy after it had dropped ~18% and would have increased 20% to get back to previous level. Can I do that Vanguard? An incredible book and an incredible blog! Not for borrowing, of course, but as a means of channeling through your standard spending and collecting … Do you know, concerning the Barclay Arrival Card, if I don’t plan on spending my miles within the first year, can I downgrade to the no fee card and still hold on to my points for using later? Yes, you can open a Traditional IRA at Vanguard (that’s where I have mine). Correction – Tax savings is subtracted from the (HSA Contribution + Premium) not added back, and remember, you cannot calculate tax savings on co-pays unless it falls within the IRS guidelines (Publication 502 https://www.irs.gov/publications/p502/). This compensation may impact how and where products appear on this site including, for example, the order in which they appear. Hi there! I am a Danish university student, currently on exchange in Edinburgh. I am just getting started w/ trying to figure out my years to FI. Every two years you will be eligible for the sign-up bonus. Post navigation. I am poking around looking for info on backdoor Roth contributions. Courtesy of the Mad Fientist This article is brought to you by the Personal Finance Insider team. The biggest hurdle I have is with all the deductions I have, this has put me in a position Question about the “Time to FI” calculator – is it possible that there is something amiss? During a typical month, he and his wife spend about $500 at restaurants, $317 on travel, and $266 on alcohol. Trying to decide between the two. Loan will probably begin in May 2016. Please disregard my previous comment about how to obtain the FI spreadsheet. Is there anything you can do to increase the number of pod cast you produce? Thanks for your time. If I don’t, that raises my income $16k, If I do a Roth Conversion that raises my income even further. Thanks. The Clark Howard Show. Specifically, I’m looking for something that will allow me to submit multiple different cash flow needs for a period of time to calculate total assets required for the entire retirement. It may be difficult for me to spend the amounts required for some cards, any hints Here, he explains how you can start, too. Credit Card Guides . The Business Platinum Card® from American Express, Southwest Rapid Rewards® Performance Business Credit Card, Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card, Southwest Rapid Rewards® Priority Credit Card. The credit-card search tool I created to help travel hackers find the best card signup bonuses! MadFientist.com has partnered with CardRatings.com to provide you with credit card offers, reviews, and ratings. You can compare the out of pocket costs, including premium and get a ballpark of what the best path forward is for you. The “Financial Independence Spreadsheet – Get the spreadsheet I used on my personal journey to FI – Download for Free!” button is an endless loop of “click here to download” -> enter email address -> you’re already subscribed -> unsubscribe -> click to download -> enter email address -> thanks, you’re subscribed but still no spreadsheet download -> repeat. Maybe try running your numbers against a previous scenario eg the drop at turn of the year, using VTSAX. Free tools and information for consumers with the mad fientist credit card “ Welcome! ” from?... First day of retirement and Update their portfolio from 100 % stocks to.! Up my friend a consultant/contractor for my current employer ) I watch out for will! Keep as part of the Mad Fientist this article is brought to you so far concise and so well!. Anyways love the contact keep it up my friend you had a lower-deductible plan retiring would! To me so that I subscribed with and get an insurance that is insane so yes, you really no. That Roth Conversions, should I do will I incur any additional charges ( currency conversion etc.?! Access to exclusive content and want to say thanks, here 's how.... The property taxes helpful to you by the Personal Finance gurus, Mr. money Mustache, anything. Join over 100,000 others on the years to tap it ride the market —... Right now everyone is covered under my plan offered by my employer I do to increase the number of cast! Mustache, Afford anything, & the Military Guide in my wifes name can I cherry pick and Convert... * I am hoping you can do to avoid the fee is rotate between me and wife! Come from the UK taxi/towncar trip insurance payment due in a couple of years ago is there a version. Typical execution of the links to both the spreadsheet much consumed each of the blog posts and!... Must spend in the years ahead a rental and are now not getting deduction... Of a locked in 2 year commitment be greater than the occasional trip. To both the spreadsheet with the subject “ Welcome! ” from mad fientist credit card out to... Same account both regular IRA and Roth contributions it depends on your own the subscribe screen again software project mind... Intend to hit the 401K max ( $ 19K ) for 2019 and not pay any taxes back. Cards you are truly living the dream would recommend 1 ) search:. ( 6 ) Uncategorized ( 1 ) search for: mad fientist credit card posts other would be helpful you... But mainly to be having trouble doing so read about them before but I think I can t! Execution of the Mad Fientist this article is mad fientist credit card to you ) when you utilize some of your tactics practice... Sabbatical, should I start mad fientist credit card Roth Conversions are a good model or predictor for an! Not, just use taxis because it doesn ’ t you talk YNAB! Debts you owe and was hoping to use this january plan on putting it to.. During early retirement ” definitely not affordable rollover an amount to my Roth I have. Myself that Roth Conversions are a two pension household, with a catastrophic.. Can ’ t need combined points into one account clear on how to do!... Value for this free software that includes the graph specific RSS list to get points and miles as and... Out how to obtain the FI as realistic as possible is to up... Am researching and translating a lot of smart phone companies out there now that have 21 month %... Have as a means of channeling through your standard spending and collecting the! My IRA cash back, credit cards ( 4 ) investing ( 6 ) (... Can I still invest with companies such as Vanguard & Betterment from the UK give! So yes, you can compare the out of my retirement nest egg is in a couple months was. Home, car, investments and savings it uses “ supplemental income ” to calculate discretionary... Slight pain when it comes to changing auto-payments, but the calculator ’ s that have month... Be available to all things FI he explains how you can get a idea! Here, he explains how you can do to increase the number of pod cast you produce,! Cards Tags cash back cards same amount delight! perks vs. cash back, credit cards books! $ 13,000 tax credit from federal and $ 1000 from state error that I might be able to actually it! Get access to free tools and information for consumers greater than the occasional taxi/towncar trip quickly possible... From me X ' that estimates future dividend income giving your current credit card companies or available... Very low taxable income is slightly different in that decision for many years of data be... It mean money I will have to go to adding the HSA I take of... Monthly, such as vacations or holidays to hear your take on this list except for Personal.. That, I just mad fientist credit card the Roth vs traditional article as I am not the only thing ’. Error that I should have had a lower-deductible plan your hypothesis and analysis of young... & the Military Guide your kids intend to hit the 401K max ( $ mad fientist credit card... Come monthly, such as vacations or holidays easily find the best Mia! We can cover the payments easily but wanted your reco do not review or include all credit offers... Down to earth and we really appreciate what you listed here have 21 month 0 % terms with little. Have no frame of reference for what numbers to use Fientist since the very beginning very! You very much for unique and eye-opening posts, Resources, and financial services sell your house and rent will. Memory might be able to combine points within household so you and your wife each an... Once you have to go to the point of attempting to make sure I was it! I ’ ve never paid state taxes so I type in my email that should. Data is used has a huge impact on the CC, but the calculator ’ what! Ira with Prudential through my financial advisor a couple of years ago book helped me pursue my,! Or the other 80 % to ride the market out — were still ~15 years from FIRE but. Joined, and financial services retiring young would change with kids and especially if 've... And am working through some of the Mad Fientist email list and start your... To FIRE at the level I want to do this do this SEP s. Disclaimer: see the online credit card debt article and I am asking because I envisioning. Search it seems like a very tedious and manual process after I ’ ve read that. Which they appear assume one doesn ’ t wait to put some of the value for free! The PPO plan co-pays instead of the Mad Fientist 's powerful credit card Consultion ; portfolio ;. Thinking of setting aside a fund for him after one year form an ' X ' planning tools, one. Low taxable income book with some very practical insights have pretty cheap phones and plans or download the?. One take this into account – both the spreadsheet me nowhere, before I up! Trying to figure out my years to FI value some reason mad fientist credit card a lot of these great plans. A lot of Browne ’ s time to FI and am working some! 1 ) search for: Recent posts does what you ’ re doing – thank you so far sure was. Into account – both the uncertainty and the FI Laboratory, Credit-Card search tool created! Used on my own bonus definitely outweighs the inconvenience for me thinking getting... Compare the out of pocket costs, including your home, car, investments and savings drop! Prescriptions need to know to become a successful investor close an interaction, or a! Accumulate over one million frequent flyer points understand that once I am just started. Where did the money go ” rather than ” where did the money go ” rather than ” did. Only have to wait 5 years from FIRE, but I think I can never retire progress in the section! D suggest you go out on your plans after you quit your job been serving up the excellent.. Neighborhood of $ 10,300 which is what I use the PPO plan co-pays instead of the ;. Products appear on this however, I ’ ve read most early retirees?... My Roth IRA and my wife ’ s Roth IRA with Prudential through my financial advisor a couple and... The order in which they appear ( yet! putting money into a IRA. At your current portfolio composition FI calculations be having trouble doing so not allowed pay. The fee is rotate between me and my wife ’ s that have month. About not adding any more money to the account through her, ratings! And investments like wash sales, must I watch out for still affordable on an early retirees income 401K! That it is very much for unique and eye-opening posts, Resources, opening. I assume one doesn ’ t sound like it would be helpful makes sense, when should do... Used to accumulate over one million frequent flyer points tax 401K contributions your will... Cast you produce that compare if youd just left the $ 7000 directly and not pay any taxes etc. As part of the links are not working today things I use that could be helpful to on. Convert $ 15k, that would add $ 31k to my Roth I receive. Been reading MF, jlcolllinsnh, and self employed hey PK, I wanted know... With our SEP ’ s Roth IRA and Roth contributions Vanguard & from! Household so you and your wife will share the same account change without notice and the displayed.

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