Update from almost a year ago. 1.7m
An update and a ramble.
10 months ago: https://www.reddit.com/r/financialindependence/comments/1nkm9a1/update_from_one_year_ago_1375m/ 1 year and 10 months ago: https://www.reddit.com/r/financialindependence/comments/1fhs0pb/1m/
I (early 40s/f/software engineer) thought i'd do an early update given I have a lot of changes going on. First is i'm getting divorced - which will make my finances easier as I was planning to work longer for my spouse. Divorce won't affect anything financially.
And second is I got laid off recently. My company is giving me 77k gross for severance and health/dental/vision the rest of the year. I'll be missing a 25% of my income due to the fact they won't give me my RSUs.
Current financial state with severance included in the cash.
After-tax brokerage $1,168,490
401k $351,270
Roth IRA $54,517
HSA $35,737
Invested total $1,610,014
Cash (HYSA + severance) $127,889
Net worth $1,737,903
~81% stocks / ~19% bonds.
I guess I'm not including cash here as its not part of the portfolio? Is that correct thing to do? I've been using ficalc and not including cash in the portfolio numbers.
Before getting laid off my salary was $201k/year plus RSUs vesting every year adding 50-80k or more a year depending on stock prices which were usually shit.
I currently live in a high cost area (DMV). I unfortunately renewed the lease for a year when my spouse moved out (one month before layoff) because I didn't have time to move which increase my yearly costs by about $12k. Plus I just did way more spending on post breakup stuff to make myself feed good. So I went from spending maybe $50k/year married to probably close to $70k im assuming by end of this year. However I can bring that cost down. I also have a major surgery coming up (got laid off after FMLA but lawyer tells me probably not worth going after them since I applied for FMLA a few days before layoff).
Feel like I have a lot of new freedom, but I was hoping to hit 2m invested. I feel like what I have is not quite enough to live in a US city where I don't need a car and live comfortably. Or its risky anyway. However the thought of doing tech interviews is making me depressed. Also don't want to work a low wage job. I've thought of moving abroad (Taiwan, Spain?), because I prefer the European lifestyle (just got back from Madrid and loved it), have thought of staying, have thought of finding new work, have thought of continuing in tech. I also think it'd be nice to have extra money in case my family needs it, though there isnt really isnt anyone in my family that would need money. Maybe niece and nephew in the far off future. I really just want to not work and get back into playing guitar, cooking fancy things, letting my curiosity wild. Nothing luxurious.
I could easily live in Taiwan at a low cost. I already am covered with NHS, have bank accounts, cellphone etc., but had wanted to do that with a partner and not alone. Still considering it, though. I have friends and family there.
I'm grateful to be in a position where this layoff is inconvenient but not panic inducing. At the same time I have a lot of processing and thinking to do. I'm excited for the future, but anxious with the "dizziness of freedom".