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u/fenton7

r/Morgans r/wallstreetbets r/coins r/Fire r/MetalsOnReddit
▲ 284 r/Fire

Taking a long sabbatical IS a form of retirement, just not permanent

Someone was ranting that, by taking a year off, I had pushed back my retirement by one year. Well, sure, but the value of a year of travel and leisure at a younger age can just be lumped in with any retirement years are part of my total "non-working time" with no money worries. So I retire, notionally, at 58 instead of 57 but at 45 I got to enjoy a year off while i was still young and strong and could really enjoy it. Absolutely zero regrets and wish I had taken more time off in my 40s.

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u/fenton7 — 15 hours ago
▲ 67 r/Fire

57M, approaching $3M in net worth as I move into what will be my final year of work.

Planning on FIRE at 58 just before my 59th birthday. Current net worth is right on $3M with $2.7M in stocks/bonds/cash and investment real state, and about $300k in primary residence equity and other assets. On top of the financial base I'll have a very small pension I can draw, about $400 a month at 65, and social security which I'd start at 67 or later plus the potential for an inheritance from my silent generation dad. Not sure I'll make it the full year though since I'm already starting to ramp down my motivation level at the job. Ideal would be they offer some kind of package but as we all know those are hard to get when you want one. Spouse wants to work a few more years, at least, so that's a nice cushion. She makes about $65k.

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u/fenton7 — 12 days ago
▲ 195 r/Fire

People are often discouraged on here from reports that nearly 18% of households are net worth millionaires. But if you exclude home equity, and exclude inherited wealth, that figure drops dramatically to just 3-4%.

  • Altrata (2025 data): The U.S. has more than 6.8 million individuals with at least $1M in investable wealth (liquid assets like stocks, bonds, cash, retirement accounts, excluding primary home).
  • Henley & Partners / other 2025 reports: Approximately 6–7 million U.S. high-net-worth individuals (HNWIs) with $1M+ in liquid investable assets.
  • With ~132–135 million total U.S. households (Federal Reserve / Census data), this equates to roughly 4.5–5.3% of households.
  • 20% of financial asset wealth is inherited or windfall so, subtracting that, we get a 3-4% range.
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u/fenton7 — 3 months ago