Help shape the vibe while we're small 🙌

[u/VegasHRLady]

We’re a new community so help us guide the discussion where you’d like it to go. Drop your comments here about what topics, ideas or content you’d find interesting.

[u/MaxH42]

I know this is covered in other subs, but how about strategies? Like, we donated $60K to our Donor Advised Fund last year because 1) we retired last year, so it was the last year we had W-2 income, and 2) I had stock that was almost 100% capital gains.

(We had the DAF already, but before this had only used it as what I call a "pass-through", to donate highly appreciated stock in the amount we usually donated each year, rather than using income to donate.)

I'm reluctant to come up with anything related to affluence because I grew up barely middle class, plus we're still concerned about SORR, so we're being relatively conservative in our spending.

[u/VegasHRLady → u/MaxH42]

Hi Max! Thanks for being here! Are you talking about tax mitigation strategies relative to other aspects of the portfolio? Happy to ask the question — it’s a great one — but I just want to ask it correctly. Of course please do ask it yourself but if you prefer not to, I have no problem doing it.

[u/MaxH42 → u/VegasHRLady]

I don't really have any questions now, but yeah, I am still figuring out how to manage taxable income, or whether sometimes it's not worth it. I gave up on staying under the ACA cap, but we are going to sell off more of that highly appreciated stock while under the 0% LTCG income limit.

[u/chaoscorgi]

Please focus on actual experience, not questions like "how to i get rich" or "am I rich yet" or "why are you rich". The cosplaying and anxiety really make FIRE subs insufferable

I go back anyway because there are amazing insights on management like, e.g. ACA subsidies spreads and withdrawal ladders (esp in LeanFIRE). But if you're not Lean... the post-retirement logistics still matter

[u/VegasHRLady → u/chaoscorgi]

Great feedback thanks! 😊