Situation 40. Married. Two young kids. Spouse doesn’t work San Francisco area. Engineer at a FAANG company
Financial Net worth: $4m Taxable index funds: $2m Long-term vested company stock: $900k 401k: $800k Roth IRA: $200k 529: $100k
Allocation across all funds: 40% Total US, 30% Total International, 10% Emerging, 10% REIT, 10% Total Bond Cash dividends from taxable funds: $3,000/mo ($36k/yr) Renting. No mortgage or other debt Vehicles are new, dependable, and paid off. Keeping as long as possible Last year’s spending: $8,500/mo ($100k/yr)
FIRE plan When: A few months Type: FatFIRE, maintaining current lifestyle Move: To an area with much lower housing costs. Most other expenses are 20% cheaper there Estimated max retirement spending: $8,500/mo ($100k/yr), although will likely be lower due to new COL Housing: $3,000/mo ($36k/yr). Rent while getting to know the new area before buying a $750k house. Put $300k down payment down to stay under the jumbo loan limit of $450k. 30yr fixed mortgage on $450k is about $3,000/mo including property taxes and insurance. No intent to pay off early. Although this may seem extravagant, a nice home for my family is a reward after years of hard work Healthcare: $2,500/mo ($30k/yr) to be safe. Open market. If annual MAGI is <$100k, would be eligible for premium tax credit with two kids All other expenses: $3,000/mo ($36k/yr), although likely lower. Travel is the biggest wildcard
Withdrawal strategy: Dividends from taxable funds of $3,000/mo ($35k/yr) will take care of a chunk of my overall $8,500/mo ($100k/yr) expenses. The remainder ($5,500/mo) can be drawn down at a 1.8% rate from pools like my remaining company stock, Roth IRA contributions, and taxable funds (although this would mean fewer dividends going forward). If dividends aren't used, withdrawal rate would be 2.8%. According to EarlyRetirementNow, anything <3% is close to fail safe. Withdrawal frequency: Monthly, to keep more money invested longer Equity and bond allocation change over time: None, remaining high equities. I'm aware my house will become a larger part of my assets over time How to spend the time: Raise kids. Time with family and friends. Travel. Personal coding projects. Plenty of hobbies Future side income: Not banking on any at the moment
Last checkup questions What’s the best way to handle the $900k in company stock? Selling it all before I leave would reduce risk and give me the cash I need for a future house down payment. However, it’d pile on top of this year's already high tax bracket earnings and create a huge tax bill in my first year of retirement. Alternatively, I could wait until next year when I'm retired and use the company stock as the first pool of money to draw down, and if I kept my income low enough (under $77k), I’d pay 0% capital gains on the chunk I'd sell. Once the company stock is sold off completely, would Roth IRA contributions be the next best pool to draw from? This wouldn’t count towards income, making it easier to be under the limits for the premium tax credit and 0% capital gains rate. It’d also preserve my dividend income by not dipping into taxable funds yet. How hard is to get a $450k mortgage without being employed? I’m hoping exceptions can be made for showing proof of large equity assets and having an 800+ credit score. Overall, is my plan good enough to FIRE soon?
退休只是说不需要为钱而工作。看LinkedIn 上那些hot startup 上市发了然后退了的工程师或相关人员，有人去专门训练k9, 有人去做纽约小姐的body builder. 版上也已经讨论了很多次了，being financially free means free to make choices, 大意如此。
年轻时候的退休，不是待在家里啥也比干，哪里也不去。是指不需要work for money了。 喜欢干什么就干什么，不在乎工资高低，甚至有无。哪怕是一个全新的领域，自己没有什么经验，只能从低干起也无所谓。遇到不喜欢干的活或者讨厌的老板同事，就直接拍桌子走人。不会考虑现在的工资挺高是不是就忍了。或者辞职了找不到工作怎么办。
年轻时候的退休，不是待在家里啥也比干，哪里也不去。是指不需要work for money了。 喜欢干什么就干什么，不在乎工资高低，甚至有无。哪怕是一个全新的领域，自己没有什么经验，只能从低干起也无所谓。遇到不喜欢干的活或者讨厌的老板同事，就直接拍桌子走人。不会考虑现在的工资挺高是不是就忍了。或者辞职了找不到工作怎么办。
我最大的疑问是401k怎么坐到800k的？每年都有限额的，公司的matching也有限，如果只是index，这个return不符合最近十几年的升值 nbr 发表于 7/21/2019 8:15:31 AM
11楼里我实例过了啊，工作18年很可能的。每年存满加match后投入2-2.7万，4年可以翻番，按72率得出年均调整的收益率是72/4=18%. 比一般的定投指数所说的7%多就是因为有match. 而且也许他在2009年3月correctly time the market, 抓了最低点，单那年的1.8-2.7万更可以变10倍就已经有18-27万了。
退休只是说不需要为钱而工作。看LinkedIn 上那些hot startup 上市发了然后退了的工程师或相关人员，有人去专门训练k9, 有人去做纽约小姐的body builder. 版上也已经讨论了很多次了，being financially free means free to make choices, 大意如此。 finishstrong 发表于 7/21/2019 1:18:14 AM
As Chief Executive Officer, Google at ALPHABET INC., Sundar Pichai made $1,881,066 in total compensation. Of this total $650,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,231,066 came from other types of compensation. ---发自Huaren 官方 iOS APP
As Chief Executive Officer, Google at ALPHABET INC., Sundar Pichai made $1,881,066 in total compensation. Of this total $650,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,231,066 came from other types of compensation. ---发自Huaren 官方 iOS APP finishstrong 发表于 7/21/2019 10:32:03 AM
As Chief Executive Officer, Google at ALPHABET INC., Sundar Pichai made $1,881,066 in total compensation. Of this total $650,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,231,066 came from other types of compensation. ---发自Huaren 官方 iOS APP finishstrong 发表于 7/21/2019 10:32:03 AM
As Chief Executive Officer, Google at ALPHABET INC., Sundar Pichai made $1,881,066 in total compensation. Of this total $650,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,231,066 came from other types of compensation. ---发自Huaren 官方 iOS APP finishstrong 发表于 7/21/2019 10:32:03 AM
As Chief Executive Officer, Google at ALPHABET INC., Sundar Pichai made $1,881,066 in total compensation. Of this total $650,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,231,066 came from other types of compensation. ---发自Huaren 官方 iOS APP finishstrong 发表于 7/21/2019 10:32:03 AM
$4m. 40. Last checkup before FIRE
Situation
40. Married. Two young kids. Spouse doesn’t work
San Francisco area. Engineer at a FAANG company
Financial
Net worth: $4m
Taxable index funds: $2m
Long-term vested company stock: $900k
401k: $800k
Roth IRA: $200k
529: $100k
Allocation across all funds: 40% Total US, 30% Total International, 10% Emerging, 10% REIT, 10% Total Bond
Cash dividends from taxable funds: $3,000/mo ($36k/yr)
Renting. No mortgage or other debt
Vehicles are new, dependable, and paid off. Keeping as long as possible
Last year’s spending: $8,500/mo ($100k/yr)
FIRE plan
When: A few months
Type: FatFIRE, maintaining current lifestyle
Move: To an area with much lower housing costs. Most other expenses are 20% cheaper there
Estimated max retirement spending: $8,500/mo ($100k/yr), although will likely be lower due to new COL
Housing: $3,000/mo ($36k/yr). Rent while getting to know the new area before buying a $750k house. Put $300k down payment down to stay under the jumbo loan limit of $450k. 30yr fixed mortgage on $450k is about $3,000/mo including property taxes and insurance. No intent to pay off early. Although this may seem extravagant, a nice home for my family is a reward after years of hard work
Healthcare: $2,500/mo ($30k/yr) to be safe. Open market. If annual MAGI is <$100k, would be eligible for premium tax credit with two kids
All other expenses: $3,000/mo ($36k/yr), although likely lower. Travel is the biggest wildcard
Withdrawal strategy: Dividends from taxable funds of $3,000/mo ($35k/yr) will take care of a chunk of my overall $8,500/mo ($100k/yr) expenses. The remainder ($5,500/mo) can be drawn down at a 1.8% rate from pools like my remaining company stock, Roth IRA contributions, and taxable funds (although this would mean fewer dividends going forward). If dividends aren't used, withdrawal rate would be 2.8%. According to EarlyRetirementNow, anything <3% is close to fail safe.
Withdrawal frequency: Monthly, to keep more money invested longer
Equity and bond allocation change over time: None, remaining high equities. I'm aware my house will become a larger part of my assets over time
How to spend the time: Raise kids. Time with family and friends. Travel. Personal coding projects. Plenty of hobbies
Future side income: Not banking on any at the moment
Last checkup questions
What’s the best way to handle the $900k in company stock? Selling it all before I leave would reduce risk and give me the cash I need for a future house down payment. However, it’d pile on top of this year's already high tax bracket earnings and create a huge tax bill in my first year of retirement. Alternatively, I could wait until next year when I'm retired and use the company stock as the first pool of money to draw down, and if I kept my income low enough (under $77k), I’d pay 0% capital gains on the chunk I'd sell.
Once the company stock is sold off completely, would Roth IRA contributions be the next best pool to draw from? This wouldn’t count towards income, making it easier to be under the limits for the premium tax credit and 0% capital gains rate. It’d also preserve my dividend income by not dipping into taxable funds yet.
How hard is to get a $450k mortgage without being employed? I’m hoping exceptions can be made for showing proof of large equity assets and having an 800+ credit score.
Overall, is my plan good enough to FIRE soon?
是的，这哥们还是挺厉害， 401k都有: $800k。 我是说湾区华人双马工家庭这个年纪也不一定有这个资产
也可能是去年高点卖了房子哦~
也可能是公司给的股票啊。
本地人22岁一般就工作了。我30还在读博呢。工作12年，退休1年，现在（7/12/2019）401k才有$377,763.90。11/3/2015有$204,981.90。law of compound 是惊人的。假设不退休的话，今年底是可能double 4 年前的。所以一直工作一直投401k并且公司match得很好的话，这哥们比我多了5-6年，比我double多一些，可行。还有，老婆现在不工作，没娃时也许工作了。
他说是FAANG，18年资历可以是senior staff了，绝对贫困线以上。单职工很省税。他是股票留着没动，应该翻了几番（90万美元），然后salary又定投股指的话，现在收益应该很可观，就是他说的其它的$2.3M。
现在FAANG，也许不是一直FAANG。也许一直是AA? ---发自Huaren 官方 iOS APP
Allocation across all funds: 40% Total US, 30% Total International, 10% Emerging, 10% REIT, 10% Total Bond
Cash dividends from taxable funds: $3,000/mo ($36k/yr).
所以annual yield有3.6/200=1.8%, 刚查了一下，ivv是1.56%，spy是1.82%.
才十万万？十万很多了。湾区也大把年收入五万的租房过日子。老婆不工作，省了daycare/after school.
温哥华房子也不便宜啊。上回有个马甲35岁已经有3.5M了，加油哦。 ---发自Huaren 官方 iOS APP
打算买个偏一点的～也不用特别大，反正就两个人。
特别巧，我们也是上周刚算完今年的progress, 加上后面每年的股票+工资，可能还有提前达成目标的希望。所以对双码农来说，其实算是很靠谱的目标了。
没有娃，日常开销就真的还好。
对于他就是用利率2.5%借了40万，还不会被margin call. Broker借钱利率可是高达约10%，还有被margin call的风险。他拿这个钱定投spy长期年收益有7%，年红利就有1.8%，稳赚啊。 ---发自Huaren 官方 iOS APP
退休整个portfolio 还这么aggressive.
年轻人真是都是假退休啊。
是啊，娃是碎钱机。我们已经是穷养的娃了，为他上好高中每年还是要多花个4万。大学一年得照10万准备。我退了，多亏了队友还在辛勤地奋斗着呢。 ---发自Huaren 官方 iOS APP
退而不休？定投股指已经是很省心省力了。 ---发自Huaren 官方 iOS APP
俺就是娃大了之后实在闲不住回去工作的，找了一份自己喜欢的压力不大的，准备活到老做到老。
其实做个有用的人最开心。
没事儿，没钱了就再出来工作。我听说有三十出头就赚到千万的(自己开公司，被大公司收购)，然后退休，投资。后来投资失败赔光了，四十多岁出来工作。
G家CEO十二年前才是PM,这个怎么比？
为什么要闲在家？等娃过两年上了大学，老两口就可以四海为家了，哈哈。 ---发自Huaren 官方 iOS APP
非常赞同，不觉得退休就是人生目标。人的成就感在于你被人家认同和需要，无论是家庭需要还是社会需要。国内一样的五十六退休其实对个人社会都不健康。
年轻退休是因为有喜欢做的事情需要半值以上的时间就很热闹make sense了，比如我们公司有人喜欢酿葡萄酒，买地酿酒 ---发自Huaren 官方 iOS APP
退休只是说不需要为钱而工作。看LinkedIn 上那些hot startup 上市发了然后退了的工程师或相关人员，有人去专门训练k9, 有人去做纽约小姐的body builder. 版上也已经讨论了很多次了，being financially free means free to make choices, 大意如此。
买了热门地带房产的，这个资历，何止4米啊…… ---发自Huaren 官方 iOS APP
2004年抄底Palo Alto的房子只要82万，的确。 ---发自Huaren 官方 iOS APP
What's your point? 你是不知道什么是原始股是么？还是觉得g家ceo现在也没四米？
过去的十年it机会还是挺多的，又遇到湾区房子大涨。出国早的一批留学生，大多学历技术过硬，不用是大牛。股票，房子，start up.随便赶上一个都能过的不错。
美国人多半娃上公立或者干脆home schooling, 大学学费自己贷，所以貌似只是多了两张嘴？ ---发自Huaren 官方 iOS APP
考虑了十年房子可能涨成三倍，401k应该翻两番也就是四倍了吗？
年轻时候的退休，不是待在家里啥也比干，哪里也不去。是指不需要work for money了。
喜欢干什么就干什么，不在乎工资高低，甚至有无。哪怕是一个全新的领域，自己没有什么经验，只能从低干起也无所谓。遇到不喜欢干的活或者讨厌的老板同事，就直接拍桌子走人。不会考虑现在的工资挺高是不是就忍了。或者辞职了找不到工作怎么办。
如果长时间太累或者压力太大了，也可以辞职休息几个月甚至一两年。不会有经济方面的压力。
其实就是生活有了更多的选择。不会因为pay check而强迫自己做不喜欢的事情。想工作就工作，不喜欢工作就不工作而已。
对的，有的人连辞职也不敢。 但是H1B是这样的吧，说是没工作以后多少天内要回国？
也是蛮难的，压力也很大！
G家的ceo.一年都不知道有几个10米。肯定不会少于一个10米就是了。
管他过去12年什么职位赚多少钱。就现在一年的收入税后，就够普通人财富自由了吧。
当然他这个级别的人,生活标准和普通人不一样就是了。
3.5 是打算温哥华买什么破房？
我最大的疑问是401k怎么坐到800k的？每年都有限额的，公司的matching也有限，如果只是index，这个return不符合最近十几年的升值
哪有。今年就19000，以前更少。而且科技公司matching不是很高的
而且还有after tax啊。
这些公司我要么自己去过，要么有朋友，我清楚的很。早期连matching都没有
没娃没问题，楼主贴的有俩娃就别想4米就退休了。 ---发自Huaren 官方 iOS APP
记得没有十米，除非你算股票升值。 ---发自Huaren 官方 iOS APP
11楼里我实例过了啊，工作18年很可能的。每年存满加match后投入2-2.7万，4年可以翻番，按72率得出年均调整的收益率是72/4=18%. 比一般的定投指数所说的7%多就是因为有match. 而且也许他在2009年3月correctly time the market, 抓了最低点，单那年的1.8-2.7万更可以变10倍就已经有18-27万了。
18年前正好是01年科技泡沫被挤掉，这个800K是可以只买index和growth fund就做到的， 20年多点的， 就可以是1米了
码农收入贴又来了。才贴过没多久
07-09年股市腰斩，怎么可能按每年18%来算。除非那人股神了一把，07逃顶，09抄底，但有这炒股水平，资产也不止4米
多高是很高？ ---发自Huaren 官方 iOS APP
真正在道琼斯7千点的位置很短的， 主要是08年下半年开始的跌得比较厉害。 只要hold住不卖然后再一直按原计划买入（这个心理素质比逃顶和09年3月抄底要求高多了， 前者我lg和后者我的真实经历）， 就可以达到这个数目。
腰斩都回来了，然后一路buy dip都赚到，甚至是几倍地赚，这就是为什么定投long term稳赚啊。 ---发自Huaren 官方 iOS APP
08-09年买最多买小几万而已，01-08买的应该有一二十万可是被腰斩
+1我就想花时间好好搞健身，做个健身教练也不错，老公想专注在网球上，
工作上以后不想被赚钱压力来做引导了。
看病也是一笔钱啊。
温哥华舒服点的房子就要3.5m加元，四十就退休守着1m加元不知道会咋样。如果有孩子，这会儿应该还没成年就基本不可能了。
当然年轻的好处是移民加拿大比较方便，这样至少医疗不用太大支出。
01-07是稳赚不陪的，然后虽然被腰斩，但是并没有卖啊，所以现在又回来了。 ---发自Huaren 官方 iOS APP
我们其实最近已经在慢慢看了，主要是我们也不打算买温哥华位置好的房子～
都退休了，干嘛非要去买温西的豪宅。。
打算买个远一点小一点的反而更理想，那种1.5m加元就够了吧？（我看素里，white rock那边好像都蛮多选择的～不知道是不是自己不太了解加拿大房地产市场）
我们还没娃，哈哈哈。
我们俩是已经有加拿大身份的，所以也没有移民的问题。
打算退休搬回加拿大主要就是考虑之后的医疗问题～
娃的保险很便宜，而且他说退了后他们家算低收入了 ---发自Huaren 官方 iOS APP
这样啊～没娃不太了解这方面
按照华人养娃退不了，按照美国人养娃完全能退，人家起码也给两娃存了10万529呢。
richmond可以有，东边高贵林本拿比应该也可以有。Surrey你实地去看看，都是中国人躲着走的区。看你说的“远一点”是多远了。3.5m这个价离温西豪宅还差得远，大概是oakridge比较舒服的房子的价格。
我觉得richmond和高贵林,burnaby地理位置都挺好的了～～
反正1.5m能买个三室就行啦
我们俩对房子不太挑的，毕竟在西雅图住惯小黑屋了，哈哈
照着目前两党不敢动实质性问题的尿性来看，觉得美国医疗将来只会越来越差，fire族都是身强体健的中年人，insurance只是摆设，等到5，60岁要经常用的时候，就知道好不好用了，为了好医保退了又回去找工的，我身边就有两个。
他去年在没房贷、没健康保险支出的情况下需要$8500/mon。虽然计划退休后也是每月支出$8500,但其中包括了$3000房贷和$2500健康保险，所以最后一家人需要把每月支出从$8500减少到$3000. 这么大的减少额度，不管是搬到多低消费水平的地方，都会影响自己生活质量的。
啊,g家的ceo收入不到一千万吗？
好吧，我不知道g家的。我知道（虽然不确定但是比较可靠）的是另一家（还不如g家）的cxo的收入和另外一个和g家差不多的evp的收入，都在一千万以上啊。我以为g家的ceo应该比这两家的高才对。。
Ps.这些大公司高层的股票有多少应该是可以查得到的。
$8500/mon包括房租啊。他说要买75万的房子而且只贷40万的贷款，这个月付加地税在加州是小于租金的。
又看了一下，并没有减少额度，$8500是退休后的每月支出，没有写有保险时的每月支出，但提到了同等living而退休后cost更低，所以应该退前是$3000，退后只会更少。
差太多了。狗了一下，和我记忆相符：
Sundar Pichai/Salary
$650,000
As Chief Executive Officer, Google at ALPHABET INC., Sundar Pichai made $1,881,066 in total compensation. Of this total $650,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,231,066 came from other types of compensation. ---发自Huaren 官方 iOS APP
同意，才40 + 俩个小娃 + 健康保险 4M 想爽爽地FIRE怎么可能
这个，是和那种只拿一元工资差不多的性质吧。Ceo没有stock award肯定不是正常收入啊。这个级别的，大头都是stock才对。
Richmond听说是离海太近很有被淹危险。burnaby那边还不错，不过挺村了。以前我朋友在sfu上学，吃个中餐都要从山上开一大圈下来。当然现在中国人多了可能好一点。就是觉得中国的便利享受起来比其他地方差点。景色还是没的说的。
我的理解是给4年的package, 4年内或者当年并不refresh.或者自动卖了，算在那其它的一百多万中。你说的那个cxo多半是founding team, IPO得了很多吧。
是，劈柴每次拿到的奖励都是几百个米$的股票
单收入马公工作13年，401有60万。人家还多工作五年有80万不稀奇啊
人家18年take home pay是4亿多好吗。光看salary有啥意思。
明明有个total pay不到2m, 怎么选择性忽略。说几亿，数据呢？ ---发自Huaren 官方 iOS APP
不是啊。是公司挖了一个cxo,一年后又被董事会赶走了。但是依照合同还是要付给他n年的薪水Xx元。
一算。哇，一年一千多万啊，被赶走了还拿这么多钱。
一对比，我们低层员工好可怜。哇哈哈。
What’s your source?
是yahoo那个？人家有降落伞包。
不是yahoo. 这种级别的合同一般都有降落伞吧。
网上一搜就出来了。2016年就拿了2亿了。强烈建议大家数清楚小数点。我第一次见到的时候以为是数千万,后来数了三遍发现是数亿。
哈哈哈，是啊，平均一下每天都能拿近一米$呢，所以有时候看到有柠檬说高级打工仔觉得还是有点好笑。
https://www.bloomberg.com/news/articles/2019-05-29/google-ceo-turned-down-a-big-stock-award-after-lavish-payouts
他这个2亿应该是vest 3 - 4年的。
又狗了一遍，人家说了是因为股价涨，这就是我说的股票増值。 ---发自Huaren 官方 iOS APP
如果是谷歌只有几个人的时候进去的，现在的不肯能只有4M。谷歌早期员工现在都不做技术，专门做天使投资人了，上亿的资金随便投。一年亏4M的都有好几个。
但是16年不是他第一次拿大股票数啊。以前不是也一年拿一亿吗.
几年下来，pipeline也是满的。每年到手的还是上亿的。
07年s&p500就1500多点了，现在刚好翻倍不到点，就算翻倍吧，如果那几年攒了15万，那也就现在30万。剩下的50万就是08-19年攒的，你算算年涨幅得多少，假定每年都Max out。
16年g家的股票就600多一股了。到现在也才涨了一倍而已。股票增值怎么可能把2m增到2亿啊。
看看湾区的贫困线，都是些普通engineer而已。
G家的ceo咋可能收入还不到2米啊。
每年maxout十一二年本金就有三十万了啊。按照定投年化7%，十年翻番，现在60万，合理得很。 ---发自Huaren 官方 iOS APP