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Welcome to the forum. Once the daycare expense drops off, you'll have another 30,000 CHF to invest annually, which will make a big difference. All I can say is that you live in the most beautiful country my wife and I have every seen. We spent some time in in Luzerne (absolutely loved it)...

Congrats on the past 8 years, and working to get yourself in a position for ER! Regarding your point about having $2.5M more now than you did when you retired, how much did you have in investments when you pulled the ripcord? Obviously hindsight is 20/20, but those of you who managed to retire...

Congrats on the retirement. I imagine that in the immediate short-term, you'll have that kind of shell-shocked feeling of not having your normal routine that you've been accustomed to for decades. But I'm hoping that feeling wears off quickly for you, and you begin to enjoy retirement. My...

Welcome to the forum. If you like work and are fine with the time commitments it requires, you don't have to RE just because you've reached FI. Like you said, it covers your healthcare, gives you some structure and intellectual challenge, so keep at it. In 5 years time, if the management team...

Thank you for the link! Ah ok. That's a bummer, since that's a pretty significant dip in the amount that can be converted annually (although by the time I'm in a position to start doing this in 10+ years, the amount of the deduction will have certainly changed).

I understand everybody's situation is different, but what are your core annual expenses, and what are you actually living on each year? In our situation, right now (with a newborn), our core annual expenses are about $45k a year. As our child gets older and starts getting into sports and other...

Yeah, that's true regarding hitting a good stretch for the first 5 years, and a poor stretch for the next 5. So your plan is just use a low enough WR to get you through the down year(s) until the market recovers, which may be the path we go down. My question to you is, assuming your portfolio...

No, when I think about increasing cash or bond holdings, it would be for the 3-5 years prior to, and after retirement, before returning to higher equity positions. That window around retirement would just be to help preserve some of the wealth that has been created if we were to unfortunately...

Your earlier comment made me go see what healthcare costs are on the marketplace. Checking my state's marketplace website, at full price, it looks like plans range from $800-1,300 a month for our family (why there are bronze plans that cost more than gold plans, idk, and I'm not at a point where...

I appreciate the detailed response, thank you. Yes, we definitely have flexibility in our budget (even at a 3.0% WR, we'd still have $70k a year beyond our normal budgeted expenses to cover our healthcare needs, general spending, travel/vacation (our child will still be in middle school at this...

firecalc puts me at a 96.4% chance of success for 45 years (would put us to 91). It’s over 97% for 40 years. Even at 3%, the net withdrawals after tax would still cover our spending needs (and I’m not accounting for any social security or windfalls from our parents), and we know that nobody...

Very true. Given the length of the planned retirement (40+ years), we'd likely start by pulling out 3.5% of the total invested portfolio (~$175k) and see how we get along on that before adjusting annually (our child would be in middle school at that point, so it's not like we're going to be...

100%. With 10+ years to go, a lot will change. I hope that most of it is for the better, but I'd like to have a plan to work towards through the years, than have no plan at all.

Correct, we'll be living off of the brokerage account for the first ~15 years (my understanding is that you can touch Roth conversions 5 years after they've been made, even if it's before 59.5, but the plan is not to do so). The t401k/IRA will just be used for Roth conversions. I'm curious your...

My wife and I will be turning 35 this year, with the goal to RE at 46. My spreadsheet forecast has us with a total portfolio value of ~$5M at the time of retirement (in today's dollars). That portfolio is forecasted to be split 45/45/10 between taxable brokerage, traditional 401k, Roth IRA...

I appreciate the message, thank you. All my numbers are accounting for a 3% annual inflation, so that amount is in "today dollars" (portfolio growth values I'm using range from 3% for equity/bond mixes, to 6% for pure equity allocations). When I run through FireCalc, I get a success rate of...

I've not, just because we're still 10+ years away from our target RE date. My smooth-brain thinking is that doing max contributions to the (current) 10 & 12% tax brackets would cost us ~$11k a year in taxes, but we'd be transferring $122k a year from our traditional 401k/rollover IRA to our...

I just wanted to drop in to say that I appreciate this thread, and it's interesting to see the input from many members here. My wife and I will turn 35 this year, and would like to retire at 46. The current projection is to have ~$5M at that point, and while my spreadsheet says it'll work out...

Yes, you get to choose your network (T-Mo or VZW), and AT&T is coming at some point. The only downside is if you want on the VZW network and you do not have a 5G phone, you will not get priority data (or at least it was that way when I switched over). But as long as your phone can support 5G...

USM is fantastic. We had post-pay Verizon for years, and switched to USM on Verizon's network. Between 5 of us in our family, we're on the shared 30GB plan on it's never been an issue for us. My only regret with USM is that I didn't switch sooner, it's been fantastic.

Ah ok, so similar to Roth contributions, Post-Tax 401k contributions can be accessed without taxes or penalties, just not any of the gains (although the downside here is that due to inflation, $10k of contributions today won't have the same buying power in 10 or 15 years). Both of us are...

So instead of bonds, do you just have a treasury or CD ladder that you build out x number of years in the future to cover your expenses, and that allows you to weather any market downturns so you're not selling your equities at a loss? If that is the case, how many years of spending are you...

Because I (stupidly) have so much in an HYSA, the vast majority of that is going to be put in the taxable brokerage over the next 3 years. Between those funds, regular income, and any bonuses we get from work, my spreadsheet has us putting away a bit over $100k this year, about $170k per year...

I think the issue is, do we leverage the Roth 401k now, locking in our $46k in annual contributions at our top marginal rate (24%), versus deferring those taxes via a traditional 401k, and then converting $122k a year and only paying the tax of the lowest two brackets (10 & 12% currently...

Right now, we're in the upper part of the 24% bracket (HHI is about $350k including bonuses, so about ~$325k accounting for the standard deduction). I'd say that in 2 years, we'll likely be pushed up in to the next bracket between raises and promotions. We're also in PA, so we have a 3.07% state...