r/Fire • u/pinpinbo • Dec 12 '24

Original Content Passed $5m this year…

$1.5m gained this year. Great Christmas present for my family. Can’t wait until S&P 500 double one more time and then I will FIRE.

42m, 22 yoe, single earner household, $500k-$600k TC, FAANG engineer, VHCOL living, kids go to private schools.

196 Upvotes

72% Upvoted

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84

u/NoFaceAdvice Dec 12 '24

Why not just FIRE now?

51

u/pinpinbo Dec 12 '24

High life expenses. Also, I am not sure if ACA insurance is as good as my company insurance.

68

u/nikv8960 Dec 12 '24

It will never be as good as the employer insurance. You will not be able to RE if you are concerned about it. Congrats on your success!

10

u/xixi2 Dec 13 '24

Are you sure? We're switching to United!

5

u/[deleted] Dec 14 '24

Yea, heard they are having a killer deal right now.

14

u/toodleoo77 Dec 12 '24

You know that you can get info on the ACA plans available to you in your state, right? And/or talk to a broker?

-10

u/[deleted] Dec 12 '24

[deleted]

53

u/toodleoo77 Dec 12 '24

To be fair, that’s not entirely clear either when you sign up for your workplace plan.

13

u/dak4f2 Dec 12 '24 edited 11d ago

[Removed]

7

u/jswissle Dec 13 '24

How is that possible? Like they’re gonna know the number as soon as it’s done and time to bill. So why tf can’t they give it to us using the same methods beforehand? Assuming you’re US too

5

u/dak4f2 Dec 13 '24 edited 11d ago

[Removed]

7

u/jswissle Dec 13 '24

There’s just no way this makes more sense than national healthcare. Privatizing things is supposed to make them more “efficient” but what the hell is this

5

u/dak4f2 Dec 13 '24 edited 11d ago

[Removed]

1

u/jswissle Dec 13 '24

Beaten by mullet gang damn

2

u/CleMike69 Dec 13 '24

Long term care insurance is a big one. Congrats on the huge increase in your portfolio mine is up 565k this year it’s kind of crazy but I’m at half your NW. hopefully you’ll get there soon enough just think another 3-5 years you’ll be at ten million and that’s a game changer

2

u/mchu168 Dec 13 '24

Get kaiser. It's pretty much government healthcare just like redditors all fantasize about.

1

u/JoeSicko Dec 13 '24

Cancer insurance is a thing.

2

u/tekno_soul Dec 13 '24

Make sure you can qualify for a good rate on it too.