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Wannaretireearly

Thanks Nisi. I appreciate this post and the intention. Honestly, I'll speak for the layman, the bond posts make my head spin. I get Junk is high risk, I get short/medium/long bonds kinda. I think I understand credit risk and why folks recommend treasuries. I think. Let me make this real, as I wante...

Wannaretireearly

I have read every post in this thread and still can't find myself leaning one way or another. We just refinanced our mortgage to 2.88% (yay). Still, like so many others, on one hand I do not like debt; on the other I know the long term probability play is to invest in a taxable brokerage. My hybrid...

Wannaretireearly

Thanks Nisi. I appreciate this post and the intention. Honestly, I'll speak for the layman, the bond posts make my head spin. I get Junk is high risk, I get short/medium/long bonds kinda. I think I understand credit risk and why folks recommend treasuries. I think. Let me make this real, as I wante...

Wannaretireearly

I ask everyone, please, to focus on the question of "how much did it matter," rather than argue the other question "so which did best?" Here are three 60/40 portfolios in which the 60% is always the same: 36% Total Stock, 24% Total International. But we change the kind of bond f...

Wannaretireearly

I think people have largely missed that you're not looking to coast at your current job (i.e. do less work for the same pay) but potentially move into an easier job that pays less because it's easier. Not work less hard on purpose, but purposely find a job that demands much less of your soul (or no...

Wannaretireearly

Dad moved from UK to SF Bay Area 30 years ago, partly cos he hated the gray weather. Best move ever. My family was in Scottsdale 10 days ago. Good time, but it was in the mid-90s 🔥🥵. Really makes me appreciate bay area weather. Walking around midday in the 70s. Very few areas compare to Cali coastal...

Wannaretireearly

I think you could squeeze Thailand and Vietnam in two weeks. Not India too. Just the travel will have you exhausted. Two years ago we did Delhi, Agra, Jaipur, Udaipur (friends wedding), Ahmedabad (still friends wedding), Koh Samui (Thailand, 5 nights), Singapore one night. This was from SF. It was a...

Wannaretireearly

I am seeking some guidance from many seasoned Bogleheads in this forum on my retirement plans. Here are some details about me: Personal : Age 47, DW Age 43, 2 kids - 16, 12 years of age. Kids are expected to attend college in 2 and 6 years respectively. DW is a stay at home parent. We live in US co...

Wannaretireearly

Can you do it? Yes, no problem. However, I would question your plan in so far as it regards the youngest. At many schools, dorms close over breaks and often over the summer term. You will need to have a plan for them during those weeks, whether that is flying them to Asia severe times a year or put...

Wannaretireearly

6. Those who recommend Investing your extra cash flow (after maxing out tax deferred) in stocks instead of using that money to pay off your house are advocating by default to borrow money to invest in stocks. By this same logic should you borrow extra money beyond the value of your house to invest?...

Wannaretireearly

I plan to pay off our mortgage next month. I don’t think I’ll regret it. Will have to update my signature text :) Before you pay off your mortgage, you should change your signature text to: If you value a bird in the hand, pay off the loan. If you are willing to risk a 99.999% chance of getting two...

Wannaretireearly

Check out the new hyundai and kias. Very good imo

Wannaretireearly

U bought the policy with a timeline in mind. I'd keep it unless you qualify for cheaper coverage now.
We have overpaid for 10X salary term coverage thru the time kids are past college/grad school/launched (future kids age 27). Cheap, peace of mind imo

Wannaretireearly

#1 - This sounds like a dream. #2 - Sounds like a nightmare. Life gets miserable with 60 hour weeks long-term. Miserable enough to impact one's health. Definitely a hard pass, unless you've done this before and enjoyed it. #3 - Not enough of a pay bump to risk a job change. #1 has been a dream #2 I...

Wannaretireearly

One thing I've figured out over time is there are pockets of groups which have more senior IC's. Now, if your a manager of these IC's not only do you have a relatively easy job (most senior IC's are self sufficient) but your comp will indirectly be affected positively by what the senior IC's get. Th...

Wannaretireearly

The biggest value of paying of not having a mortgage payment is the reduction of stress when things go bad. When things are bad, you lose your job or you are afraid you might be fired (hmmm...let me see if I can think of any recent time that might of happened... :o ) Just like having an emergency f...

Wannaretireearly

As far as I can tell, UK is not a good plan B. You may need a plan C like Singapore. KlangFool Interesting, what would be your reasons for this? Wannaretireearly, I do not know enough about the UK health system. But, you may want to research the health care cost in Singapore without insurance and/o...

Wannaretireearly

It's confusing as hell. Just got my mum fully setup.
I would talk to a local agent. Our experience going thru a local agent was good.

Edit: we went with medi gap insurance, not Medicare Advantage.

Wannaretireearly

We use the Trust/Will setup. A page in there has written account numbers, etc.
I need to create a shared online doc, rather than rely on this above.

Wannaretireearly

KlangFool wrote: ↑Thu Apr 15, 2021 12:16 pm
As far as I can tell, UK is not a good plan B. You may need a plan C like Singapore.

KlangFool

Interesting, what would be your reasons for this?

Wannaretireearly

Reading all the posts, it seems that the "number" is different for different people. I guess that the OP's implicit meaning for the "number" is that number that you intend to retire once you hit it. But in this market, you may hesitate. If your number is just something for a ref...

Wannaretireearly

I'm in the same situation. I'm 56, wife is 51 and we have 35x expenses (bare minimum) and 25x if I add a couple thousand for travel, etc. We also have 2x yearly expenses in cash for emergencies. Those numbers don't include SS or a small ($600/month at 65) pension. My main concerns are having enough...

Wannaretireearly

My version of coasting is strategically avoiding stressful roles at work. Strategy vs. Ops roles, etc. I think a lot about the incremental, or marginal benefit of each work day. I get $X each day and it makes me happy, regardless whether I had an easy or hard day (luckily very few hard days!). What ...

Wannaretireearly

Yes, though realistically no one quits on the day of hitting their number. Realistically one would stick around until the RSUs fully vest or receiving bonus or what have you. But the market conditions should not have any bearing on your decision. More I think about it, the number I want to hit for ...

Wannaretireearly

I'm in the same situation. I'm 56, wife is 51 and we have 35x expenses (bare minimum) and 25x if I add a couple thousand for travel, etc. We also have 2x yearly expenses in cash for emergencies. Those numbers don't include SS or a small ($600/month at 65) pension. My main concerns are having enough...

Wannaretireearly

Following. Any gotchas to paying off early? Will the mortgage company try to squeeze you somehow? I'm in a similar spot to OP. Expect a smallish windfall in the summer. Likely enough to pay off my remaining mortgage of around $50k @ 2.875% with 15 months left. Feel like it could be a good move, but...

Wannaretireearly

Following. Any gotchas to paying off early? Will the mortgage company try to squeeze you somehow? It is just a clerical transaction. You need to call them to get the payoff amount and instructions and not just send them the loan balance. The exact amount can be a be a bit different depending on the...

Wannaretireearly

Buy a horse and board it. That'll run ya a small fortune each year. We spend on travel. I asked my wife to write a book on how to scrimp by on $1k a day in Europe. We spent $72k on 2 weeks in Africa glamping. Bought a truck and fifth wheel camper for $75k. Holy moly. Just the thread I needed for a ...

Wannaretireearly

Following. Any gotchas to paying off early? Will the mortgage company try to squeeze you somehow? I'm in a similar spot to OP. Expect a smallish windfall in the summer. Likely enough to pay off my remaining mortgage of around $50k @ 2.875% with 15 months left. Feel like it could be a good move, but ...

Wannaretireearly

Wow you're 18!? Very wise. Congrats OP

Wannaretireearly

jaqenhghar wrote: ↑Sat Apr 10, 2021 9:06 pm This is such an awesome thread. Someday I hope to refer back to this thread and learn from its lessons!

+1

Wannaretireearly

We don't budget, but save first thru 401k, espp, etc. Last few years had high expenses so not really added new $ to taxable. Usually get to backdoor Roth in the summer when bonus kicks in. Thats it. Rest we pretty much spend. The biggest budgeting change we just did was sign my wife up for the mega ...

Wannaretireearly

I've thought about OLY, but will likely stick to the plan. Get kids thru grade school, 8 more years, and this times well with my 50th birthday (perhaps an African trip to celebrate?). Then hopefully slow travel with DW. Whatever $X I have then will be it, hopefully. Divide by 40 ish (2.5%) and start...

Wannaretireearly

Love this thread. Resisted posting til now, but what the hell :wink: I guess the milestone is we're within $50k and 15 months of paying off our house. Likely private school fees will drop by half then too. Sorry I'm 15 months early, but the euphoria is building! <happy 💃🕺> Congrats to all recent mil...

Wannaretireearly

As others have said the numbers don't make sense for this reno. Especially only adding 150 Sq ft. I would do a hard pause, especially given your income/savings pic. Perhaps save a bunch of $ and look to either buy in a 2 years or rebuild from scratch. We did a major reno, took 12 months and luckily ...

Wannaretireearly

On another note... you know this is controversial and tbh splitting finances like this is crazy to me. So do you make your wife Venmo you half the bill when you swing gas up or go through the drive thru or you order separately? Best of luck to ya. Somewhat related... we have friends that do this as...

Wannaretireearly

My Texas friend says it is because some feel that they will never be able to buy a house, they decided to buy a fancy car. They've got it backwards. They'll never be able to buy a house BECAUSE they decided to overspend on fancy cars. For the price of a couple of fancy cars, they can probably buy a...

Wannaretireearly

I'm thinking of the EOL date for my wife's Honda Odyssey at 'only' 10 yrs and 96k miles. Wife won't let me do this anytime soon! She loves it. However, I fear the van becoming a money pit. Low miles now though, 3/4k a year. Delaying the timing belt change cos the annual miles are so low, and I expec...

Wannaretireearly

Best: Education My kid Apple’s product Samsung Smart TV Oculus Quest 2 Pullup bar Purchasing mistake which i want but turns out don’t like: Road bike Weber grill Home gym including treadmill Wow. Thanks for capturing your mistake list. I like my Weber grill. We make use of the home gym, sometimes. ...

Wannaretireearly

We are in a similar situation as you: 1. Age 58, recently retired 2. $3.6M tax deferred IRA, $400k Roth IRA 3. $400k cash 4. $240k lump sum pension we’ll be receiving at age 65 5. Projected $7,200 monthly SS at age 70 6. $8,750 monthly expenses, including taxes. Will increase to $10,000 monthly in ...

Wannaretireearly

Kudos on your admirable profession, good income & saving/investing goals. I would take your retirement age, with pension, and work backwards. 20 years of work to go til 50 with pension? Save 50k a year, invested and you'll be more than fine. The power of Roth savings seems huge. Look into that. ...

Wannaretireearly

You're having kids? Save as much as you can. Lol. Seriously, the majority of my post tax saving occurred before kids. Has now grown obviously. So many costs involved with one or two kids. You'll thank me later. Also, spending is lumpy. We never skipped opportunities to travel. Did it frugally, point...

Wannaretireearly

Always do what’s best for you and your family. Beware though that the people who control your career and pay made the opposite decision. In a lot of cases, this won’t go over well. You will be perceived as being different from them, or not being a team player, or not wanting to work hard. They gave...

Wannaretireearly

I wonder if we'll have as much change in 10 years, as we have had the last 10 years re: vehicle safety? If so, perhaps a reason to lease??

I've never leased. I really love the safety features on my 2020 Hyundai Pallisade. Overall a solid vehicle at around $40k.

Wannaretireearly

Wow, this side car thread is still alive. Lol.

I'm looking forward to the cybertruck! I think it will check many boxes including safety and economical. High bar of expectations. Hope it delivers...soon!

Wannaretireearly

OP & others - mine is a post of gratitude. My wife and I our first 10 years probably earned below median household income, and after that 50-100% more than median household income. I'm aware of taxes and don't want to pay extra. Turbo tax gives you your effective tax rate, and the last 5 years ...

Wannaretireearly

Thank you LadyGeek. To be clear, I am looking for what high earners spend their discretionary income on, excluding these items: - housing - education / childcare - charity This is personally actionable as I am considering how to ramp up my own discretionary spending. Travel. In better times, upward...

Wannaretireearly

Every time I go abroad I miss the US. The familiarity, the freedoms, the rule of law, the large size, English speaking, the beautiful landscape etc. Western Canada is the only place I've even thought for a second about going to for more than a few weeks. And it's not like I've never left. I've prac...

Wannaretireearly

Maybe you have guilt related to financial success or a work ethic thing? (Depression-era parents, telling us about the prison guard & the tollbooth collector, colleagues with yachts & multiple homes vs your beater car.) Some of these thread comments are not going to help with this. Walk tal...

Wannaretireearly

Hard no. According to Sam you need to save more until your withdrawal rate is between 0.5-1%. https://www.financialsamurai.com/proper-safe-withdrawal-rate/ I dunno what’s with all the other comments trying to lead you down the path of destruction and eating canned dog food in your 90s. This place u...

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