Source:

https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/

cross-posted from: https://lemm.ee/post/10563312

Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

Hi I DCA into an ETF. I have about 11K invested and according to Degiro I have a profit of almost 700. How should I calculate my profit? Do I get 6,3 yearly? Over the 4 years I've been investing? If it's over 4 years that seems rather low?

I really enjoyed this article about what happens post-FIRE and the secret to staying fulfilled when you don't have a career/specific goals to work towards.

The quest for financial independence is not a fixed endpoint. Rather, it is an ever-evolving journey that involves acknowledging the dynamic nature of one’s identity, financial situation and place in society. This holistic approach, encompassing personal values, goals and ongoing growth, is key to ensuring a fulfilling and empowered life.

An issue I always have with early retirement is whether it is morally acceptable. When retiring early from a skilled profession you are depriving society of a big contribution you could have given, that was also expected and invested in by society. Utilising a power dynamic by having more money and knowledge to capitalise on other people exacerbates this issue.

How are you dealing with this? Are you of the mindset that you do not owe anything to society? That it is completely fair, as you earned that money and there is a perfect market that trades all aspects in a meritocratic fashion (e.g., delayed consumption should be gratified this hard)? Or that you were not just lucky to have the talents to earn so much money?

Hi all, I see lots of subscribers in this community. What stage of FIRE are you guys in? curious about the demographic in here.

• Neither FI nor RE
• FI but not RE
• FIRE'd
• ?

I am in the first category, working towards FI for seven years now and recently reached 100K NW. Unfortunately I live in very HCOL area so I still have long ways to go 🥲

I'm using the good ol' Excel spreadsheet to track expenses, income, NW, etc. Are there any other tools or apps that you guys found useful?

Also shoutout to my fellow spreadsheet power users 😎