Search found 3344 matches

by flyingaway
Thu Apr 22, 2021 5:43 pm
Forum: Personal Investments
Topic: What do you define "hitting your number?"
Replies: 25
Views: 1750

Re: What do you define "hitting your number?"

I think that you are good at 30x... even if you just reached it yesterday. Are you a flexible spender, via lifestyle choices? If the market does drop 20%, do you have the ability to reduce your expenses temporarily until the market recovers? --- Brian Just drop 20%? I think the BG standard is 50%.
by flyingaway
Thu Apr 22, 2021 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: What Were Your Regrets after Retiring? (serious question)
Replies: 121
Views: 10588

Re: What Were Your Regrets after Retiring? (serious question)

It is just a job. You are paid to do it. There is nothing more or less to it. For most people, there is more to work than just getting paid. No. I think you have it backwards. For some people. +1. I believe JoeRetire is thinking of more self actualized and higher paid positions. Positions, where pe...
by flyingaway
Thu Apr 22, 2021 9:06 am
Forum: Personal Finance (Not Investing)
Topic: What Were Your Regrets after Retiring? (serious question)
Replies: 121
Views: 10588

Re: What Were Your Regrets after Retiring? (serious question)

I plan to retire next year (or this year). I expect there may be some problems in retirement, such as friends are not available, travel may be restricted, family may have some issues, etc. But none of these potential problems is likely to be related to retiring per se. If money is not a problem, unl...
by flyingaway
Tue Apr 20, 2021 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need to get back to the grind?
Replies: 10
Views: 2207

Re: Do I need to get back to the grind?

Do you like money? That is the real question.
by flyingaway
Mon Apr 19, 2021 3:14 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14825

Re: What does "won the game stop playing" mean in practice?

In that case, after you won your game, stop playing with bitcoin, play golf instead.
by flyingaway
Mon Apr 19, 2021 1:48 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 192
Views: 14825

Re: What does "won the game stop playing" mean in practice?

This thread is about what did the original statement mean, not about that any one of us thinks what is the best or better strategy.

Since the original statement author is still there, maybe we can ask him/her to clarify it.
by flyingaway
Sun Apr 18, 2021 10:43 pm
Forum: Personal Investments
Topic: Almost on FIRE
Replies: 32
Views: 4847

Re: Almost on FIRE

Find a like-minded person to get married, your combined money doubles and you can FIRE instantly.
by flyingaway
Sat Apr 17, 2021 11:49 pm
Forum: Personal Consumer Issues
Topic: Travel to Vietnam, Thailand, or India
Replies: 72
Views: 5844

Re: Travel to Vietnam, Thailand, or India

I think these countries are either closed to foreigners or have required quarantine time right now. In regular times, you can go to Thailand, e.g., Bangkok, and just walk on the streets. Then go to Ching Mai or some beach cities, such as Purket or His Hin, to have some fun. Night markets are to have...
by flyingaway
Sat Apr 17, 2021 2:16 pm
Forum: Investing - Theory, News & General
Topic: Move towards a higher stock allocation after a crash
Replies: 67
Views: 4009

Re: Move towards a higher stock allocation after a crash

How about the market only drop 49%? In March I decided I was going to buy some if the market dropped 40% from the top. Eventually I pulled the trigger. Only later had I figured out that the market hadn't quite dropped 40% and not sure it ever did. Thank goodness for my error. In the end it probably...
by flyingaway
Sat Apr 17, 2021 2:15 pm
Forum: Personal Consumer Issues
Topic: Indestructible ants?
Replies: 22
Views: 2045

Re: Indestructible ants?

I have some ants in my house under the wood floor. Each summer they come out. I feed them with terro and they disappear after a few weeks. But they come back the next summer. I really don't know what to do with them. I think taking out of wood floor would be a huge project and may cost a lot of money.
by flyingaway
Fri Apr 16, 2021 10:28 am
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 125
Views: 12230

Re: How close to retirement age would you start to coast instead of grinding it out?

If it is a real coasting, i.e., you just do the minimum at work, the time is to do it after you achieve financial independence. In other words, why not coasting when you are in One More Year.
by flyingaway
Fri Apr 16, 2021 8:22 am
Forum: Investing - Theory, News & General
Topic: Future Market Expectations
Replies: 33
Views: 2053

Re: Future Market Expectations

I took pain to rebalance to bonds two days ago, which spoke out my market expectations.
by flyingaway
Thu Apr 15, 2021 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13967

Re: If you hit your # would you retire in this market?

OK. Let's play the game. If I have $5M today, I would not retire because the market is high. Tomorrow, the market crashes 50%, I will have $2.5M, should I retire? Of course not. What is the correct action required here? Today, I have $5M, if that is my number, I should sell all stocks and buy bonds....
by flyingaway
Thu Apr 15, 2021 11:20 am
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 124
Views: 13967

Re: If you hit your # would you retire in this market?

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 refe...
by flyingaway
Wed Apr 14, 2021 10:44 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate how much you can spend?
Replies: 14
Views: 1106

Re: How to estimate how much you can spend?

Have you not heard about the 4% rule?
by flyingaway
Wed Apr 14, 2021 12:07 am
Forum: Personal Finance (Not Investing)
Topic: I just became a victim of identity theft - What to do now?
Replies: 20
Views: 1778

Re: I just became a victim of identity theft - What to do now?

This call is obviously suspicious. Why should a department bother to call you if they denied a credit card application?
by flyingaway
Tue Apr 13, 2021 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4789

Re: Anyone contemplating OLY (One Less Year)?

Sure, but if he takes that $200k extra, and keeps it in cash, he can use it to bridge those 1-3 years before his planned retirement date, which reduces the sequence of returns risk. I'm in the same boat. Health care is the main unknown holding me back. My wife needs a lot of doctor visits and has R...
by flyingaway
Tue Apr 13, 2021 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4789

Re: Anyone contemplating OLY (One Less Year)?

What is crazy is that once you hit 25x each additional year worked provides well over 1 year expenses. It’s so easy to just keep working and watch compounding do it’s magic. This is a really interesting point. At 8% return on your portfolio, 25x will grow to 27x without any additional savings. So O...
by flyingaway
Sun Apr 11, 2021 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4789

Re: Anyone contemplating OLY (One Less Year)?

For most people, doing OMY is for money. Even if they don't need money, more money does not hurt. More money gives you more safety, more options to spend (or not) in the future, can do a lot of things with more money. Many people do not want to admit, but that is the truth under some grander disguis...
by flyingaway
Sun Apr 11, 2021 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Are we really ready to retire?
Replies: 28
Views: 5779

Re: Are we really ready to retire?

People on this forum are beating the asset allocation and Roth conversion to death. In my opinion, if you are in a situation to have a lot of money at RMD, you are in a great shape. I would worry more about the things that I want to do in retirement and make the retirement worth my time, money, and ...
by flyingaway
Sat Apr 10, 2021 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4789

Re: Anyone contemplating OLY (One Less Year)?

I was think to retire in a few years, then next, and probably this year. A lot of things can happen in the next few months. Overseas travel is something that is uncertain. I might just walk out of my office and never return, although we are obligated to give 6 month notice. What happens if you don'...
by flyingaway
Sat Apr 10, 2021 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4789

Re: Anyone contemplating OLY (One Less Year)?

I was think to retire in a few years, then next, and probably this year. A lot of things can happen in the next few months. Overseas travel is something that is uncertain.

I might just walk out of my office and never return, although we are obligated to give 6 month notice.
by flyingaway
Sat Apr 10, 2021 11:12 am
Forum: Personal Consumer Issues
Topic: Definition of one more year (OMY).
Replies: 41
Views: 3763

Re: Definition of one more year (OMY).

KlangFool, I know you like to argue with people. I'm not talking about if one should do OMY or not. I just want to know what is considered as OMY. For your example B, the person has no intention to retire any time soon, he is not doing OMY, in my opinion. Maybe I am not one of the "cool kids&q...
by flyingaway
Sat Apr 10, 2021 11:11 am
Forum: Personal Consumer Issues
Topic: Definition of one more year (OMY).
Replies: 41
Views: 3763

Re: Definition of one more year (OMY).

I think I am also officially in OMY. I am considering to retire at the end of this year or next year. My unemployed son makes my situation a little bit complicated. One voice tells me to get out to enjoy life, another void tells me that the market is going to tank soon. So I re-evaluate my situation...
by flyingaway
Sat Apr 10, 2021 11:06 am
Forum: Personal Consumer Issues
Topic: Gardening 2021
Replies: 37
Views: 3092

Re: Gardening 2021

Three cold days in early April killed most of the flowers of my peach and pear trees. This is likely to be another year of no harvests for the frit trees. Last year, a late freeze in May killed almost all harvests.
by flyingaway
Thu Apr 08, 2021 8:45 pm
Forum: Personal Consumer Issues
Topic: How frequently should I water shrubs that were planted in late fall
Replies: 14
Views: 723

Re: How frequently should I water shrubs that were planted in late fall

If there is no rain, once a week is enough.

If you did not plant a fruit tree, I doubt that your shrub investment will be fruitful.
by flyingaway
Thu Apr 08, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can I early retire from my corporate job?
Replies: 60
Views: 10854

Re: Can I early retire from my corporate job?

You can, if you are pretty much certain about your expenses. Honestly, if it were me, I'd forego all that moving/traveling around. Logistically, it's only going to get harder as you get older. I'd sell the apartment in Asia in a heartbeat. Is it sitting empty? There are many cities in the U.S. wher...
by flyingaway
Wed Apr 07, 2021 11:13 pm
Forum: Personal Consumer Issues
Topic: Definition of one more year (OMY).
Replies: 41
Views: 3763

Re: Definition of one more year (OMY).

OMY can happen on all kinds of reasons. I just updated (OMY'ed) myself upon realizing ACA portion was probably underestimated at 6k/year, now 10k/year. Another big factor is inflation, as prices may have inflated between when you planned your estimates vs when you're actually retiring. It seems tha...
by flyingaway
Wed Apr 07, 2021 10:28 am
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6415

Re: How much cash do you really hold?

When the market crashes, you wish you had more cash.
by flyingaway
Tue Apr 06, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20938

Re: How much do you spend annually in retirement?

We're retired, late 60s / early 70s, in a small town in the South, with a paid-off house. Last year we spent a total of about $53K, of which: $8K income tax (fed + state) $12K donations (charitable + political) $7K Medicare premiums $9K housing-related (utilities, property tax, insurance, maintenan...
by flyingaway
Tue Apr 06, 2021 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6893

Re: Too early to retire?

I am at the same age of yours. My networth is about 700-800K less than yours but I spend a little less than you. Kid is a little older than yours. I work in tech so I feel stressful daily. In addition, my company keeps on doing layoffs every 6 months. I do not think I can afford retiring any time s...
by flyingaway
Tue Apr 06, 2021 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6893

Re: Too early to retire?

I'm wondering if people include their car depreciation in their spending. I'll be 60 in June and my finances are much like the OP (wife is 10 years younger). Also, like the OP, my expenses are about 125k/yr. and must be brought down. I have been able to work out a planned budget of about 100k. I ha...
by flyingaway
Tue Apr 06, 2021 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6893

Re: Too early to retire?

It seems every “can I retire” thread I’ve seen has someone getting a pension or company paid health benefits. That certainly won't be true for me. I'll probably have a 13 gap between retirement and Medicare. As of now, I would personally lean toward a health share ministry. I don't know if that one...
by flyingaway
Tue Apr 06, 2021 9:52 am
Forum: Personal Consumer Issues
Topic: Fidelity debit card question. When I use the atm it takes money out twice on the same date. Anyone else have this
Replies: 8
Views: 1028

Re: Fidelity debit card question. When I use the atm it takes money out twice on the same date. Anyone else have this

It might be your view points. When you take money out, it will sell your money market fund and put it in the account (core sweep account) that you withdraw money from, it looks like taking money twice, as you see -xxx twice, but the balance should be OK.

Have you checked the balance to be OK?
by flyingaway
Mon Apr 05, 2021 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason to file taxes before May 17?
Replies: 34
Views: 3641

Re: Any reason to file taxes before May 17?

I just wanted to put it behind me, so I filled it yesterday.
by flyingaway
Mon Apr 05, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6893

Re: Too early to retire?

You could both retire if you don't like to make more money. Your social security estimate is probably too light. I would guess it is about $16k at 62 for each of you. Which is likely to be around $60k combined if claimed at 70. I don't know what is the definition of burnout. But I really don't want ...
by flyingaway
Sat Apr 03, 2021 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Capital loss and dividends in 2000 tax filing?
Replies: 4
Views: 359

Capital loss and dividends in 2000 tax filing?

I am preparing my 2020 tax return. Suppose I have $10,000 in dividends and $20,000 in capital loss (March 2020 sale of stock funds, aka capital loss harvesting) in my brokerage accounts. I though I could get $10,000 capital loss for the total of 2020 investment. However, the H&R Block tells me t...
by flyingaway
Fri Apr 02, 2021 11:16 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 14738
Views: 1132493

Re: U.S. stocks continue to soar!

HomerJ wrote: Fri Apr 02, 2021 10:19 pm
flyingaway wrote: Thu Apr 01, 2021 7:08 pm 6-pack European beers at Aldi has increased price from $5.99 to $6.99.
30-pack of Bud Light has gone DOWN in price from like $22.00 to $19.00.

But that's just water anyway, right? :)
Yes, Bud Light is water.
by flyingaway
Fri Apr 02, 2021 11:14 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25349

Re: High spenders what do you spend on?

I’m certainly not a “high spender”, but I do really enjoy high end equipment. Mostly fishing tackle, but also shotguns and other gadgets. The value of my fishing tackle would probably shock most ($500 plus reels and individual lures that are worth more than $500) , but I’ve acquired it deliberately...
by flyingaway
Fri Apr 02, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9320

Re: Do you trust the current value of your portfolio?

I retired in 2006 just before the crash of 08/09. I cut expenses a bit for a short time, cancelled a trip or two, painless and very short lived. Onwards and upwards from then. I think flexibility is key. Spend a little more in good times and maybe a little less in bad times. My retirement spending ...
by flyingaway
Fri Apr 02, 2021 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9320

Re: Do you trust the current value of your portfolio?

I like the bottom up budget approach. In fact, I can say that our minimum budget (normal living expenses, health insurance & costs, taxes, etc.) can be bounded at $60k. It is the discretionary spending that is difficult to estimate, travel $20k+, that "+" could be very large if I reti...
by flyingaway
Fri Apr 02, 2021 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9320

Re: Do you trust the current value of your portfolio?

So those are my two benchmarks for deciding if I could retire. When I pulled the trigger and retired 20 days ago, we had enough to cover the base budget and $50k of annual discretionary spending. If the market went down 50% on Monday, we would stick to our base + $25k plan for a few years and see h...
by flyingaway
Fri Apr 02, 2021 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 86
Views: 13699

Re: Poll - How much is enough / what's your number?

Oops, I just realized that this is an old thread in 2015. I answered my number of financial independence at that time, which was $2MM. I passed that number and I think I am ready to retire.
by flyingaway
Fri Apr 02, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Poll - How much is enough / what's your number?
Replies: 86
Views: 13699

Re: Poll - How much is enough / what's your number?

Several people are emphasizing expenses versus a number. Actually, the number = annual expenses x the number of years expected in retirement.

I think the number is easier to understand.
by flyingaway
Fri Apr 02, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9320

Re: Do you trust the current value of your portfolio?

I am ridiculously conservative and discount our net worth around 50%. We could get by on a 1-2% withdrawal rate. I have to work for probably another 10 years for that kind of conservatism. At this time, I really want to get out if my portfolio is accurately reflecting its value regarding retirement...
by flyingaway
Fri Apr 02, 2021 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9320

Re: Do you trust the current value of your portfolio?

skor99 wrote: Fri Apr 02, 2021 10:24 am OP, Just go to 100 % cash.. You can surely trust that. Get back in when you think the market is at more reasonable levels , which btw could be higher than what it is now
I look at other threads on this forum, more people are talking about hyper-inflation.
by flyingaway
Fri Apr 02, 2021 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9320

Re: Do you trust the current value of your portfolio?

I am ridiculously conservative and discount our net worth around 50%. We could get by on a 1-2% withdrawal rate. I have to work for probably another 10 years for that kind of conservatism. At this time, I really want to get out if my portfolio is accurately reflecting its value regarding retirement...
by flyingaway
Fri Apr 02, 2021 8:27 am
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12809

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

I decided to retire and start to spend money. My thinking is that no market can take back the money that I have spent.
by flyingaway
Thu Apr 01, 2021 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9320

Re: Do you trust the current value of your portfolio?

My perspective: 1) I am choosing to use a 3% WR for planning purposes at a 60/40 allocation. 2) I want 3 years of expenses in cash at the time of retirement. 3) My retirement plans do not contemplate or rely on receiving SS. This is unnecessarily conservative, so I don't feel the need to also hairc...