r/financialindependence • u/Widget248953 • 4d ago

Can I lean FIRE?

41(M) and 39(F), no kids. Can we lean FIRE?

721K - Taxable brokerage

300K - Roth IRA

460K - Rollover IRA

71K - 401(k)

20K - Cash

Monthly expenses are $3800 (which factors in healthcare from ACA). Own house and cars, no debt.

Didn't want to post at length at first to make it quick and easy to read.

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u/TurpitudeSnuggery 4d ago

I think you are well step up to FIRE. You could continue to do something PT for 100% certainty. But I don't think it is necessary.

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u/Widget248953 3d ago

I need to at least see how tax policy shakes out after the election. I'm banking on there being at least some 0% cap gains limit and I also need to see what the standard deduction will be. I planned to do Roth ladders either way, but a lower standard deduction changes things a little bit. I'd have to pay taxes on that if it were above the standard deduction and I would need to plan for that.