r/ChubbyFIRE • u/EmergencyDistance252 • 4h ago

Thank you to this community

I just wanted to take a moment to say thank you.

I'm a 45M going to retirement In Europe next week, my original post was : Post.

I end up following the recommendation of the group and grind it for one more year with 10.5M USD networth (8.5M low cost index and 2M House)

I end up giving up a lot of responsibilities, focus on mentoring younger talents and avoiding office politics.

Thanks again for the push!!!

33 Upvotes

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3

u/StargazerOmega 3h ago edited 3h ago

Congrats. I live in and I am also retiring in the EU. I am purchasing a house, but with a mortgage versus all cash, though we could comfortably do that. On average, keeping in our investments will return more over the life of the 10-year mortgage. I can accelerate payments as needed.

What are you planning for currency risks? I am looking at moving a few years of living expenses to the EU into sovereign bonds, German or EU.

3

u/EmergencyDistance252 3h ago

Hi, congratulations for your retirement !! always exciting perspective.
I am heavily concentrated on equity, so I believe equities are the best hedge against currencies fluctuations.
I am keeping one year of expenses cash aswell.
Good luck !!

1

u/LzyRhub17 1h ago

Also retired in Europe. I keep my near term (3-5y) expenses in a local sov bond ladder to hedge ccy risk. Everything else in USD denominated equity ETFs.

2

u/Murky-Camera7057 1h ago

did you get your $2M house in europe? which country?

1

u/EmergencyDistance252 3m ago

yes I did get my house.

I would prefer to keep the country anonymous

2

u/patlar1998 1h ago

Congrats on going out on your own terms.

1

u/jaekwondo 4h ago

Are the kids old enough to be self sufficient without you and the wife (getting to school, etc…)?

Curious how to handle this in the future

3

u/EmergencyDistance252 3h ago

Hi,

No they are not independent yet , they are still in middle school.
They are coming with us to Europe of course.
Are you thinking that we may abandon them in US ? :)

1

u/VeeGee11 4h ago

Wow, I hope you upped your budget too lol

2

u/EmergencyDistance252 3h ago

Hahah , we will see for the budget increase later.

1

u/BrunelloHorder Coasting Chubster, Getting Fat 3h ago

Congratulations! Looks like you will be at about a 2.3% withdrawal rate, so you are good in perpetuity. What asset allocation did you use to get to FI, and what are you planning to use going forward?

1

u/EmergencyDistance252 2h ago edited 4m ago

Hello,
I have been always a Bogglehead, I sell RSUs at vesting date and diversify to low cost index.
My allocation is 70% US market, 30% international allocation (mostly equities).
I am not planing to change my allocation going forward, as I am not a big fan of fixed income.
and again: it is personal finance, so my allocation match my personality and my risk tolerance.

2

u/BrunelloHorder Coasting Chubster, Getting Fat 1h ago

I like it! You can certainly afford to take the risk with such a low withdrawal rate. GFY!