Early Retirement Extreme Forums

Incredible stuff. I'm guessing Chicago rents are quite reasonable?

Is that house in a war zone or something? £20k would barely buy a beach hut in the UK

<t>Whether you see the particular situation as levying a tax or as a form of social investment may depend on whether you are introverted or extroverted I suppose. Personally I find eating and drinking with others to be a great (and worthwhile) pleasure and splitting the bill is a more or less ...

<t>A pretty critical difference if it is a vehicle for retiring genuinely early while enjoying the tax uplift. Thanks for the explanation and kudos for doing this in an environment which tends to violently encourage the opposite (I don't imagine traders in Chicago behave much differently than they ...

<t>This journal is somewhat awe-inspiring. Being from the UK (and a philosophy major who is a programmer in finance!) and thus completely ignorant about US tax law, I am curious as to whether the very high savings you are achieving are from gross earnings and how the 401k fits into things. Here I ...

<t>I just wish ERE type thinking had been on my radar last time I quit a job. I did enjoy leaving though, mainly as my colleagues were dumbstruck that any one would want to leave despite how much they hated it (well known US investment bank). I think I was showing initial inset of the ERE mentality ...

<t>Isle of Man and Jersey are Channel Islands and have separate legal status. To take advantage of them (e.g. via blind trusts) is a) difficult and expensive, b) hard to route pretax work income through without attracting attention from the tax man.<br/>
There are various high profile prosecutions ...

<t>Yes, traditional pensions saving is far and away the most tax efficient thing I could do as I'm a 40% taxpayer and I could also save a fair bit of employers NI contributions as my scheme is essentially a salary sacrifice from gross pay. The problem is only 25% can be taken as a tax free chunk and ...

I have a Swatch (original model) - design classic! I also have a Vostok 'Zissou' diver.
Rarely wear either of them though.

<t>I thought I would start a thread for UK people to discuss the approaches and challenges of saving and investing for ERE in the UK.<br/>
Has anyone done a costed (fees and applicable taxation on returns) analysis for the UK? <br/>
Obviously we have the option of using tax free ISA wrappers for ...

<t>Greetings!<br/>
I thought I would introduce myself before starting to comment.<br/>
I'm in my mid thirties, married with two children and am a somewhat reluctant software developer working primarily in the banking sector in London on a contract basis. I've had muted ERE-ish leanings for some time ...