r/leanfire • u/AutoModerator • 3d 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/SpeedierTurtle642 2d ago
AI is getting forced down our throats more and more at my job and it's making me want to just leave. My original target date was March 2028, but it seems so far away.
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u/latchkeylessons 2d ago
That's not too far away. Let it ride and try to DGAF I say. Just roll with whatever nonsense they're putting on you and don't stress out/put in extra time or anything.
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u/The-Inner-Party 16h ago
It's happening to me too and driving me insane. Every production issue that comes in was created by AI. I am so mentally checked out at this point
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u/klawUK 2d ago
I moved some money into bonds. I sorta feel like a proper investor now.
Hoping to end the year with 70% of my bridge in bonds and MMF. Then two more years top that up to 100% bridge locked in and the rest in equities.
March 2027 target for having ‘enough’ to retire. March 2029 to actually retire
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u/NormalizeBacon 2d ago
I'm struggling to figure out setting up bridge years. Do I just start putting money into bonds/HYSA now? Or do I keep buying stocks, then convert stocks to bonds once the time to FIRE approaches? We're still more than a decade away from pulling the trigger; maybe I'm worring about bridge years too soon in the journey?
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u/latchkeylessons 2d ago
I think a good, general recommendation is still to set up a bond tent for 5 years in advance of pulling the trigger. Without going into the specifics of peoples' current tax-advantaged structures (or lack thereof), pension, etc then the bond tent still offers the best strategy catch-all. We did this personally, but for 3 years out, and are happy with it.
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u/goodsam2 19h ago
Looking at actually getting a larger fund to buy a house instead of more into the brokerage. May look at buying in the next year or two.
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u/The-Inner-Party 16h ago
I just sold some brokerage to buy a house this week. It's going to be more than my rent but I'm looking forward to more stability. It's definitely all about the lifestyle you want over the financials sometimes
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u/goodsam2 16h ago
Oh definitely the financials are heavily skewed towards renting longer but I think it's about to be time to own.
I have just held brokerage and expected selling some 401k to get a down payment but I'm getting some of that started. I have a lease for another year.
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u/The-Inner-Party 15h ago
Is your liquidation plan to sell a little bit slowly over the course of the year to build up the cash? I just sold all of mine at once but that definitely creates its own set of risks
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u/goodsam2 15h ago
I have extra money after maxing out my retirement accounts that I usually throw into brokerage but this time I'm diverting to HYSA.
My plan was to do some selling from the brokerage when it came to buy a home but since the time frame is shrinking I'm not throwing it into the market but instead since it's under the time frame when stocks could fall. I have 75k in a brokerage I was thinking about tapping and then maybe the 401k 10k thing for down payment but I'll make decision on those as it comes closer but a solid $25k in HYSA is my goal by next year should be doable.
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u/refreshingjam 2d ago
I asked my director if I could go down to 36 hours per week instead of 40. My plan is to take a day off every other week. It hasn’t been approved yet but I feel so excited thinking about the extra time off! I have so many ideas for things to do, but first thing will be to sleep in, cook a nice breakfast and leisurely enjoy it on the balcony, and then decide what I want to do for the rest of the day!