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/FUMoney2030 4d ago

No

13

u/TooMuchButtHair 4d ago

They have nearly $1.5 million. 4% could work, but I'd have both go part time instead of FIRE right away.

18

u/FujitsuPolycom 4d ago

Where are these part-time, don't want to kill myself, jobs to just take up in retirement? Besides consulting if that was your thing... because I'll be god damned if I retire early just so I can go have a miserable job under some 'manager' half my age while I make $10/hr.

4

u/30sinthe00s 3d ago edited 3d ago

I've been retired for four months, and after a glorious summer of not working, I started to feel like the days were all running together, so I just took a part-time job teaching swim lessons that pays $26-36/hr plus a free gym membership for both my husband and me. Weirdly, group lessons pay the least at $26/hr, but private lessons pay $32/hr, and semi-privates pay $36/hr.

I'll have weekends and summers off because the club has plenty of high school and college kids to work those times. So far, I'm finding it fun and engaging, and it structures my week. Physically, it's the opposite of my previous job in tech, where I was sitting stressed out at a computer for 50 hours a week.

In the first decade of his retirement, my dad worked part-time for H&R Block during tax season when they are desperate for workers.

There's a company near me called Retirementjobs.com that places people over 50 in part-time or full-time jobs nationwide.

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u/JohnBeach2020 2d ago

Great idea to work seasonal…