A 34-year-old Redditor, with a net worth of $3.3 million, shared her financial journey on Chubby FIRE Reddit. She calculates her annual expenses and travel costs to range between $80k-$100k, and with the 4% withdrawal rule, she can support this while ensuring her portfolio growth as her husband continues to work. Without children, they enjoy financial flexibility. The article emphasizes the importance of consulting a financial advisor for tailored guidance and highlights the need for planning for unforeseen circumstances, like divorce, which can impact financial well-being.
The Redditor has calculated that she will need around $80k-$100k per year for expenses and travel, making her current financial position highly favorable for retirement.
Using the 4% withdrawal rule, she can withdraw up to $132k per year, which is lower than her projected costs, providing substantial financial security.
It's good to speak with a financial advisor if you can, but it's clear that her careful planning has led her to a secure retirement possibility.
Planning for a divorce, while unappealing, can safeguard against potential financial fallout, underscoring the need for financial preparedness in any situation.
#financial-independence #retirement-planning #wealth-management #personal-finance #financial-security
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