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☆ A couple on track to retire early in San Francisco break down their $140,000 annual budget
▼ + stars: | 2024-12-01 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

AdvertisementFIRE blogger Andre Nader and his wife have been working toward early retirement for years. Related VideoMembers of the FIRE (financial independence, retire early) community typically use the "4% rule," which suggests that you can safely withdraw 4% annually from your nest egg. Nader prefers to use a more conservative 3% safe withdrawal rate, which you can calculate by multiplying your annual number by 33.33. He and his wife, who works as a designer for Uber, had been preparing to retire early together. Between March 20203 and February 2024, the family of three residing in San Francisco kept their annual expenses around $140,000.

Persons: Andre Nader, Nader, Uber, Nader didn't, he'll, Nader —, they've, Nader's, Andre Nader Food, he's, Bill Perkins, Nader doesn't Organizations: FIRE, Bills, Health, Andre Nader Transportation, FAANG FIRE Locations: San Francisco

☆ A FIRE blogger decided to test the benefits of the popular triple-tax advantaged HSA. He explains why it wasn't worth the hassle and wants to switch health insurance plans in 2025.
▼ + stars: | 2024-11-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

AdvertisementAndre Nader switched from an EPO health insurance plan to an HDHP to get access to an HSA. He plans to switch back to an EPO plan in 2025 for simplicity. AdvertisementIn 2024, he decided to put the popular, triple tax-advantaged health savings account (HSA) to the test. You can invest your HSA funds (the investment options vary by provider), and your contributions and earnings grow tax-free. Not touching your HSA funds means covering your medical expenses out of pocket, which is what Nader did throughout 2024.

Persons: Andre Nader, Nader, Nader didn't, he'd, isn't, he'll, HSA Organizations: FIRE, IRA Locations: San Francisco

☆ A 37-year-old who built a seven-figure net worth and considers himself 'semi-FIRE'd' explains how his investment strategy has evolved since picking stocks and 'gambling' money in his 20s
▼ + stars: | 2024-11-16 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

AdvertisementAndre Nader found himself in a financial hole after losing money trading options. He shifted his investment strategy and started buying low-cost index funds. He owns various Fidelity and Vanguard index funds, including VTI and VXUS. Andre Nader lost a good chunk of money in the stock market in his early 20s. Nader, who considers himself "semi-FIRE'd" since his wife still works, owns various Fidelity and Vanguard index funds.

Persons: Andre Nader, VXUS, Nader, Nader —, —, I've Organizations: Fidelity, Vanguard, Bogleheads, Meta, Market, Index Fund Locations: San Francisco

☆ An ex-Meta employee calculated that his family of 3 needs $5.6 million to retire in San Francisco. Here's the formula he used and how he plans to hit his 'enough number.'
▼ + stars: | 2024-11-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Andre Nader got laid off, he and his wife had enough in savings that he didn't have to job search. To go from 'semi FIRE' to 'full FIRE,' he calculated his family of 3 would need $5.6 million. He and his wife were living and working full-time in tech in San Francisco, raising a toddler, and loosely planning on eventually leaving the expensive Bay Area. His "enough number" is also different — it's closer to $5.6 million, he told Business Insider. His "enough number" is constantly shifting, but here's how he came up with $5.6 million for a family of three living in San Francisco.

Persons: Andre Nader, doesn't, —, Meta, Nader, They'd, I'm, I've, outsized, he's, Roth Organizations: Service, FIRE, Affordable, UC, Social Security, Vanguard, Market, Index Fund Locations: San Francisco, Meta, California

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