realmajor101
New member
Would appreciate if Financially Independent Retired Early folks here could answer the following questions:
- At what age did you FIRE?
- What is the life expectancy you planned for?
- Your retirement fund was what multiple of the estimated average annual expense (in present value non-inflation-adjusted terms at the time) when you FIREd?
- How much did you provision for old age healthcare and assisted living support?
- If you own a house, where does it fit in your plan for twilight years? Do you intend to avail reverse mortgage income from it, or sell it and move into a retirement home, or just live in it till your EOL and bequeath the property to legal heir(s)?
- What is the baseline post-tax real rate of return requirement from your retirement portfolio to sustain FIRE (those comfortable with negative rate should clarify their inflation benchmark in FD terms, e.g. X basis points above FD rate or Y times FD rate, etc.)? Accordingly, what is your target asset allocation?
- If you now work on hobbies or projects which don't involve serious monetary compensation, how do you deal with people asking what you do for a living without letting them have any hint or ideas about your net worth?
- What are some avoidable mistakes (if any) you made in the pre-FIRE phase and things you wish had known before you FIREd?
- What was your primary occupation / source of income before you retired?