this post was submitted on 29 Jan 2024
7 points (100.0% liked)

FIRE (Financial Independence Retire Early)

1178 readers
4 users here now

Welcome!

FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


Flow Charts:

Personal Income Spending Flow Chart (US)

Personal Income Spending Flow Chart (Canada)

Finance Flow Chart (UK)

Personal Income Spending Flow Chart (Australia)

Personal Finance Flow Chart (Ireland)


Useful Links:

Bogleheads Wiki

Mr. Money Moustache - a frugal lifestyle blog

The Earth Awaits


Related Communities:

/c/[email protected]

/c/[email protected]

/c/[email protected]

/c/[email protected]


founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 5 points 1 year ago (1 children)

@OpticalMoose @andocas are you planning on selling the house or staying in the house in retirement? If you are planning on staying I might not include it in my NW at all. Otherwise, I just include the Zillow price with a 6% discount, but houses near me have been selling near their Zillow estimate.

[โ€“] [email protected] 4 points 1 year ago

No, not planning on staying there. I love the house, but I bought it in a self directed Roth IRA, so I'd have to withdraw it from there in order to actually live in it. It's had such a big gain in only 5 years, I don't really expect that to continue. After insurance and property tax, the rental income is only a 4.9% return on what I originally paid for it.

I hate these inflated prices. It's hard to make any decisions because everything looks overpriced.