This-Raspberry7262

Hi,

So I'm struggling a bit to conceptualize what my long-term goal order should be. I'm 32, hoping to retire at age 67.

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Current income: $39,000 a year from Job 1

roughly $10k a year from Job 2

I might make a bit more than this freelancing but I don't want to count on it.

After tax income should be at least $37,730, possibly slightly more depending on my deductions

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average expenses: $2,411.75 per month.

I'm debt-free, my spending is under control and in the wake of some type of huge emergency I have the option of moving back in with my parents immediately (currently living with a BF and my name isn't on the lease, my half of the rent is $870). I'm on

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I was inspired by the threads this week about job burnout. I’m feeling really burned out lately from my living situation and wondering if anyone has advice about coping in the short term with a non ideal living situation.

The specifics of my situation: I’m sharing a studio with my boyfriend. It sucks because we both work from home a majority of the time and our schedules of when we’re going to be out of the apartment for work or errands is constantly changing. I find it incredibly distracting to work while he’s here, even when he’s being quiet, just because it’s hard to ignore another person. We’re getting on each other’s nerves, a lot.

A workspace isn’t ideal for me because among other

Hey,

So after a year of working like crazy and being very frugal, plus some generosity from my family, I have more cash than I've ever had liquid before and a lot of expenses coming up in 2023. I'd love any advice about how to best manage the expenses and how to maximize my interest / minimize risk until things come up.

I'm in a weird situation because I have a lot of assets but earn little money – my family has been very generous with me but I don't want to count on their support lasting forever so I want to focus on investing what they gave me wisely. I'm earning enough from work to pay for my regular expenses so I'm just focused on keeping enough money to cover these big one-time expens

Hi,

Sorry if this is a basic question but I'm wondering how the downturn affects the amount of money I may need to reach COAST FIRE. I used a calculator to estimate that for my age (30) and my goals (retiring at age 65, spending $30,000 a year) my coast fire number is around $87,000.

My parents are prepared to gift me $16K and I have $20K in bonds maturing in early 2023 so I was going to be close to reaching that, but my investments keep dropping. What number should I be pushing towards as my goal – my accounts actually reaching $87,000, or investing the amount that I was short of $87,000 before the downturn?

FWIW last time I checked my Vanguard investments were worth about $57,000, with

I am self-employed. Last year (2021) I opened a self-employed 401(K). I accidentally opened a Roth account, when I meant to make it pre-tax. I just came to realize what "Roth" means.

I filed my taxes last year as though my contributions were deductible (pre-tax). I contacted the organization that the 401(K) account is in and they said I can transfer the money to a pre-tax account, but declined to comment on the tax implications. I can't find info about this specific thing anywhere. Can I just shift the money into the pre-tax account and then act as if it was never in the Roth account / deduct my contributions for this year (2022) as normal? Thanks!

The past few months I've been killing myself working multiple jobs and saving a good chunk. I really want to take 12 months to be under-employed and see how far I can get at a hobby of mine and try to build a creative freelance career. Would love feedback on whether my plan is realistic.

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Current income: $1000 / week from Job 1 which is FT and has no paid vacation/ flexibility

$500 / week from PT freelance

other freelance averaging $200 / week

This is my plan:

EXPENSES:
TAXES:

~30% of income goes to taxes, I’ll be setting this aside monthly in a HYSA to estimate my own withholdings. I may lock up the amount I already owe / have earned to a 1.1% 10-month CD to

I would love to know how ND people or those with mental illness handle preparing for periods where you may potentially have to leave a job due to stress and be out of work for a very long time.

If anyone has advice for my specific situation, that would also be great. I'm 30, diagnosed with ASD, depression and anxiety. Basically, I'm in a horribly stressful employment situation (working 70-80 hours per week between 4 freelance jobs; if I work everything through the end of the year I'm probably going to make around $69,000, I estimated that my expenses for the year are $34,671 and about $23,000 in freelance taxes) and I'm trying to figure out when I can afford to quit.

I have just enough sav