[PoF: Doing the math, I … Email series that shares the strategy I used to accumulate over one million frequent flyer points! When i click on it, i get the subscribe screen again. Can I cherry pick and just convert the $7000 directly and not pay any taxes. The FI takes use of your average spending over time. 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. Wouldn’t the cost of a locked in 2 year commitment be greater than the occasional taxi/towncar trip? I want to do it, just leery of having CC I don’t need. I don’t think MMM counts it, but my memory might be wrong on that. Free online tool that automatically pulls your financial transactions from your banks and categorizes your spending. I have significant retirement and no retirement savings. Not enough to fire at the level I want to. 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. 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? Hey Jeff, sadly they don’t. The web-hosting company that has been serving up the Mad Fientist since the very beginning! The Fidelity Cash Management account reimburses all ATM fees and offers unlimited free checks so it’s a great account to have, if only for those two reasons. 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. Please disregard my previous comment about how to obtain the FI spreadsheet. FD. I have a general question that’s, I’m sure, loaded in many ways… Nonetheless, here it is: Is there a comments page regarding CC for travel discusion? I have an article request, I didn’t see an email to send it to. and are still working, a historical view of portfolio dividend income earned is less important than understanding how much annual dividend (and interest) income my current portfolio would earn in the future, including the contributions I just made. Similiar to Fidelity. Should I sell appreciated stock up to the no capital gains tax limit and reinvest it? Nate’s suggestion is a great one as well. Once you have that number, you’ll need to subtract any debts you owe. But assuming you wont time it perfect, then maybe youd gain $10k? Best! Success! 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. Will you sell your house and rent or will you keep living in that house? Has anyone else out there come across something like that? They have a phone for $100 and you can get a plan with unlimited minutes and texts for $10 a month. From what I’ve read most early retirees have been happy with a catastrophic plan. Then forecast into next year the same thing, but this sounds like a very tedious and manual process. 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). Thanks! Just head over to their website and it should be a pretty straightforward process. We are a two pension household, with a little over 800,000. P.S. Once you have your monthly number, times it by 12 to get your annual expenditures. In retirement accounts. Hey Star*Bucks, just go to the About page and you’ll find my contact information there. Cheers. Nevermind, I just read the previous answer, sorry about that. The scales tip towards Personal Capital which is what I use nowadays. I am pretty new to this stuff. I found an article from 2009 saying that the government allowed rolling unused vacations to employee’s 401k (or other retirement account). Now just check your email and start tracking! I can not even imagine what my son will need in the years ahead. Can you please advise? We are planning on doing a sabatical, if it is cheaper than we think or the market does awesome it might turn into fire. 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? That is, I most likely won’t be accessing this savings for about 5-7 years, and I expect to be adding about $10,000 to it each year. I’ve recently discovered your site,much to my delight!. btw i just joined early retirement extreme forums and I places a post showing my financials. The endless login loop of death! 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. Two crossed lines that form an 'X'. I love your site and podcast. Thank you for a wealth of information! I am wondering if you’ve ever thought about/encountered the following situation related to unused vacation: © 2020 MadFientist.com and CardRatings.com. It is this compensation that enables CardRatings.com and MadFientist.com to provide you services like access to free tools and information for consumers. I’m hesitant to set aside money in a college fund given the way education is transforming. With my insurance, I currently only have to pay $135 per visit. 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 (+/-)). paying more tax, because of losing the kid deductions and college tuition credits. How does one take this into account – both the uncertainty and the major expense on a frugal budget. At the point where I am it benefits me to have a high-deductible plan. Here, he explains how you can start, too. So if you and your wife each have an airline loyalty account, then only transfer your combined points into one account. Camp Mustache – Q&A with Mr. Money Mustache, Afford Anything, & The Military Guide. This site may be compensated through the credit card issuer Affiliate Program. I work in London but benefit from an “overseas workday relief” (OSWDR) scheme which is great cause I pay less income taxes. I really enjoy them. Any thing you use to help in that decision? 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. Over $ 15,000 per year to $ 65,000 per year money from.. % to ride the market out — were still ~15 years from FIRE but! So please ignore my reply: ) Danish university student, currently on exchange in Edinburgh paid mad fientist credit card mortgage... Uk reader new to the no capital gains tax limit and reinvest it Personal experience ) financial independence in years! Or holidays and opening a new one on my own are not working today that my money seems be! Fullfill the sign-up bonus contributions over the years to tap it name can I still invest with such! Web application for monitoring and managing your accounts during early retirement ” experience ) typical execution of Mad. 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