Weekly Discussion: 25 March 2024 (lemmy.world)

submitted 2 years ago by andocas@lemmy.world to c/fire@lemmy.ml

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[-] FancyPantsFIRE@lemm.ee 4 points 2 years ago

I hit an all time high for net worth and investments. It feels good, especially since I’m at a low point for work morale.

We’re in territory where I could stop working, but I still feel uneasy about it. My main hang ups are insurance and the fact that I’ve got two young kids. College savings are established but not fully funded.

It’s hard to walk away from my job because each year still adds significantly to our savings. It feels like it’d be stupid or irresponsible of me not to keep at it and over shoot the target so we’ve got options and a buffer. This is definitely one more year syndrome.

[-] SyntheticBlood@lemmy.world 3 points 2 years ago

I feel that. We're not quite at our number yet, but we are nearly at our first FIRE goal, before we moved the goal post. Now I'm thinking of moving it again... How much are you planning on saving for kids college?

[-] FancyPantsFIRE@lemm.ee 2 points 2 years ago

The rough plan is to pay four years of a good in state university plus some buffer. That works out to something like 100-140k in today’s dollars/tuition depending on housing and school. My goal is to front load their 529s so a) it’s got 10+ years to grow and b) I can worry less about it for the RE budget.