Search found 3888 matches
- Sun Nov 19, 2023 8:10 am
- Forum: Personal Finance (Not Investing)
- Topic: Those of you that retired early (pre-SS/RMD) - what were your expenses like first 5-10 yrs?
- Replies: 26
- Views: 4056
Re: Those of you that retired early (pre-SS/RMD) - what were your expenses like first 5-10 yrs?
You can use your current expenses to get an estimate of your expenses in retirement. Some things may not happen every year, but they should be accounted for. For example, we estimated $5,000 each year for repairing around the house, including gardening. In most years, we spend less than $1,000. However, this year, an expensive car repair, roof replacement co-pay, new HVAC, almost trippled that cost, but they average out.
- Sat Nov 18, 2023 10:22 am
- Forum: Personal Investments
- Topic: At what mortgage rate would you pay it off early?
- Replies: 258
- Views: 22930
Re: At what mortgage rate would you pay it off early?
I had two mortgages before and always paid them off as soon as I could. Owning debts is not a problem I want to have. In my opinion, trying to measure the interest rates and making money out of a debt is short-sighted. This is like to pick a winning stocks to beat the market. Life will be easier without a debt, make your money somewhere else. I have told this true story before. A few years ago, I was having dinner at a friend's house with about 10 men (spouses were together in a different room). A person asked me my name and wondered why he knew everyone else at the table but me. It turned out that this person was a mortgage refinancing broker and everyone at the table refinanced mortgage with him. I was almost the youngest one at the tabl...
- Sat Nov 18, 2023 10:13 am
- Forum: Personal Investments
- Topic: At what mortgage rate would you pay it off early?
- Replies: 258
- Views: 22930
Re: At what mortgage rate would you pay it off early?
I had two mortgages before and always paid them off as soon as I could. Owning debts is not a problem I want to have. In my opinion, trying to measure the interest rates and making money out of a debt is short-sighted. This is like to pick a winning stocks to beat the market. Life will be easier without a debt, make your money somewhere else. I have told this true story before. A few years ago, I was having dinner at a friend's house with about 10 men (spouses were together in a different room). A person asked me my name and wondered why he knew everyone else at the table but me. It turned out that this person was a mortgage refinancing broker and everyone at the table refinanced mortgage with him. I was almost the youngest one at the tabl...
- Sat Nov 18, 2023 7:50 am
- Forum: Personal Investments
- Topic: At what mortgage rate would you pay it off early?
- Replies: 258
- Views: 22930
Re: At what mortgage rate would you pay it off early?
I had two mortgages before and always paid them off as soon as I could. Owning debts is not a problem I want to have. In my opinion, trying to measure the interest rates and making money out of a debt is short-sighted. This is like to pick a winning stocks to beat the market. Life will be easier without a debt, make your money somewhere else. I have told this true story before. A few years ago, I was having dinner at a friend's house with about 10 men (spouses were together in a different room). A person asked me my name and wondered why he knew everyone else at the table but me. It turned out that this person was a mortgage refinancing broker and everyone at the table refinanced mortgage with him. I was almost the youngest one at the table...
- Sat Nov 18, 2023 7:33 am
- Forum: Personal Finance (Not Investing)
- Topic: Real world experiences with Fidelity Rewards Card?
- Replies: 34
- Views: 5275
Re: Real world experiences with Fidelity Rewards Card?
I have been using the Fidelity credit card for many years and have no problem with it. It's my default card for domestic purchase. But I have not used it outside the U.S. yet.
- Fri Nov 17, 2023 8:20 pm
- Forum: Personal Consumer Issues
- Topic: Old laptop disposal advice
- Replies: 14
- Views: 1431
Re: Old laptop disposal advice
There is something called trash can.
- Tue Nov 14, 2023 11:53 am
- Forum: Personal Consumer Issues
- Topic: Long-term parking at airport hotels?
- Replies: 9
- Views: 1279
Long-term parking at airport hotels?
I am thinking to drive to a distant airport for a cheap flight out. I am looking for a long-term (a few days) parking at some airport hotels. For example, for Atalanta International Airport, www.globalairportparking.com shows that parking at Ramada Atlanta Hotel Airport costs $5.00 per day (plus $4.50 taxes and fees). I would like to know if these third-party sells are valid, how does it actually work? Do I just drive to the hotel, park my car there, and take a shuttle bus to the airport?
Or should I deal with the hotel directly? How?
Or should I deal with the hotel directly? How?
- Sat Nov 11, 2023 11:27 pm
- Forum: Investing - Theory, News & General
- Topic: "Safe" Income Options in retirement years 1-5
- Replies: 19
- Views: 4239
Re: "Safe" Income Options in retirement years 1-5
Are MYGAs FDIC insured?retireIn2020 wrote: ↑Thu Nov 09, 2023 4:59 pmI agree on the MYGA's, but OP said not considering annuities. IMO, a CD ladder is the easiest to build and maintain, a few clicks and done (at Fidelity which is what I use).
- Sat Nov 11, 2023 3:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: With higher interest rates, do you try to pay property taxes at the last minute?
- Replies: 63
- Views: 6498
Re: With higher interest rates, do you try to pay property taxes at the last minute?
I always pay one month early and get 2% discount.
- Sat Nov 11, 2023 11:09 am
- Forum: Personal Consumer Issues
- Topic: What video games are you currently playing?
- Replies: 529
- Views: 88387
Re: What video games are you currently playing?
Are you guys retirees playing video games? or younger people like my children?
I do play casino games on my phone.
I do play casino games on my phone.
- Sat Nov 11, 2023 10:49 am
- Forum: Investing - Theory, News & General
- Topic: What are the drawbacks of a callable CD beyond the obvious?
- Replies: 16
- Views: 2092
Re: What are the drawbacks of a callable CD beyond the obvious?
Just report back that these 5.7% callable 5-year CD at Fidelity appeared on last Friday, were gone in a few hours, while I was waiting for comments on Bogleheads.
- Fri Nov 10, 2023 9:35 pm
- Forum: Investing - Theory, News & General
- Topic: What are the drawbacks of a callable CD beyond the obvious?
- Replies: 16
- Views: 2092
Re: What are the drawbacks of a callable CD beyond the obvious?
I have never bought a brokered CD, so I am learning the varieties. There exist callable CDs, there must be some reasons for that and there must be customers for those CDs. I just want to know the advantages and disadvantages of callable and non-callable CDs, so that I could make better decisions.
- Fri Nov 10, 2023 3:34 pm
- Forum: Investing - Theory, News & General
- Topic: What are the drawbacks of a callable CD beyond the obvious?
- Replies: 16
- Views: 2092
Re: What are the drawbacks of a callable CD beyond the obvious?
I want a longer term CD, but it is callable. However, my point here is even if it is called, it is still better than the shorter term CD. Right? The concern is not so much if it's called, but rather, if it's NOT called. i.e. Flip it around. The 5 year, callable in 6 months, should be thought of as a 6 month CD, that the issuer can extend for up to 4.5 extra years. Most likely, the issuer will NOT extend if rates go DOWN, but WILL extend if rates go up. So, if we get to a 6.5% or 7.0% rate environment (seems high, but then, all current rates would have seemed high ~2 years ago), then the bank will extend, and you'll get the 5.7% instead of a higher rate if you'd been rolling shorter term CDs. In this case, would it be worse if you bought a ...
- Fri Nov 10, 2023 2:24 pm
- Forum: Investing - Theory, News & General
- Topic: What are the drawbacks of a callable CD beyond the obvious?
- Replies: 16
- Views: 2092
Re: What are the drawbacks of a callable CD beyond the obvious?
I am thinking along this line, although I don't have a 10 year long period. I am doing this in my IRA account and buying CDs or individual bonds is new to me. I have been holding a bond fund for many years.Call_Me_Op wrote: ↑Fri Nov 10, 2023 1:58 pm I hold about 10% of my fixed-income in a callable CD paying 6% with 10 year maturity. It can be called every 6 months. I figured it is likely to be called at the 6 month point, in which case I make 3% safely - higher than you can get anywhere else over a 6 month period. If rates go up and I am stuck with it, I still get 6% interest each year. It is highly unlikely that inflation will increase to levels (over 10 years) that make a 6% return unattractive. Of course, anything is possible.
- Fri Nov 10, 2023 1:56 pm
- Forum: Investing - Theory, News & General
- Topic: What are the drawbacks of a callable CD beyond the obvious?
- Replies: 16
- Views: 2092
Re: What are the drawbacks of a callable CD beyond the obvious?
I want a longer term CD, but it is callable. However, my point here is even if it is called, it is still better than the shorter term CD. Right?alex_686 wrote: ↑Fri Nov 10, 2023 1:42 pm I find your question a bit confusing.
However there are no drawbacks of a callable CD beyond the obvious.
You will get the 5.7% interest rate until 1) maturity or 2) until the CD is called.
Do you want a longer term CD? You are taking on higher duration (interest rate) risk and liquidity risks (CDs are not easy to sell). In exchange you are getting a known fixed rate, which is generally higher than something short term. That calculus is up to your risk and reward preferences.
At this time, the shorter term CDs usually have higher interest rates.
- Fri Nov 10, 2023 1:34 pm
- Forum: Investing - Theory, News & General
- Topic: What are the drawbacks of a callable CD beyond the obvious?
- Replies: 16
- Views: 2092
What are the drawbacks of a callable CD beyond the obvious?
If a 5-year callable CD has an interest rate of 5.7%, can be called every 6 months, and a 6 month call-protected CD has an interest rate of 5.4%, what are the drawbacks of buying a 5-year callable CD, and implicitly you do want a longer term CD?
Do you get the promised higher interest even if it is called later?
Do you get the promised higher interest even if it is called later?
- Fri Nov 10, 2023 11:28 am
- Forum: Personal Investments
- Topic: Trade date and settlement date in brokered CDs
- Replies: 4
- Views: 759
Re: Trade date and settlement date in brokered CDs
Do you auto-roll the TBills? I have been lazy for a long time and just leave the money in a money market account. I think I need to do something.nalor511 wrote: ↑Fri Nov 10, 2023 1:11 amBuy TBills at Fidelity and you can beat CDs and pay no state tax and settlement is only t+1flyingaway wrote: ↑Thu Nov 09, 2023 11:47 am I am considering to buy some brokered CDs at Fidelity. If I buy it today (11/9) with the money from my money market fund and the settlement date is 11/15. Will they take the money from my money market fund today and actually settle the CD on 11/15, so I lose interests for a few days? There is not a big difference in interests between money market and CDs now, but I can lock the CD interests.
- Thu Nov 09, 2023 10:24 pm
- Forum: Investing - Theory, News & General
- Topic: 8% SWR!
- Replies: 112
- Views: 13293
Re: 8% SWR!
Sometimes it might work.
- Thu Nov 09, 2023 11:47 am
- Forum: Personal Investments
- Topic: Trade date and settlement date in brokered CDs
- Replies: 4
- Views: 759
Trade date and settlement date in brokered CDs
I am considering to buy some brokered CDs at Fidelity. If I buy it today (11/9) with the money from my money market fund and the settlement date is 11/15. Will they take the money from my money market fund today and actually settle the CD on 11/15, so I lose interests for a few days? There is not a big difference in interests between money market and CDs now, but I can lock the CD interests.
- Wed Nov 08, 2023 4:50 pm
- Forum: Personal Investments
- Topic: What is your total accumulation number, how did you come to it. No Judgements!
- Replies: 404
- Views: 77276
Re: What is your total accumulation number, how did you come to it. No Judgements!
Those who want 50X just do not want to retire. So it does not matter to them if it is 25X or 50X, if they are not actively working towards retirement.sailaway wrote: ↑Wed Nov 08, 2023 4:40 pmWell, some want 50x or more, and when you put actual numbers to it, humans in general struggle to comprehend something outside of their own experience. The number of times we have seen some call $60k poverty or question how someone could possibly expect to spend $200k are what really add to the page count here.
- Wed Nov 08, 2023 2:00 pm
- Forum: Personal Investments
- Topic: With RMDs now Taken at 75 - Do They Really Affect Your Fiscal Planning?
- Replies: 92
- Views: 9579
Re: With RMDs now Taken at 75 - Do They Really Affect Your Fiscal Planning?
If I make it to 75 and have a lot of money in my IRAs, I will be very happy to deal with any RMD issues. At this time, I am trying to figure out how to spend most of my money, but not all of my money before I have any energy to spend it. Late 50s and retired.
- Wed Nov 08, 2023 9:42 am
- Forum: Investing - Theory, News & General
- Topic: Can passive index investing beat active AI investing
- Replies: 96
- Views: 9930
Re: Can passive index investing beat active AI investing
It is important to know the fees of AI invetsing.
- Tue Nov 07, 2023 9:06 am
- Forum: Personal Finance (Not Investing)
- Topic: How much did spending increase in early retirement?
- Replies: 24
- Views: 2918
Re: How much did spending increase in early retirement?
If you track your current spending, you can estimate your future spending in retirement by removing, adding, and modifying certain things that you know will change from working days to retirement. We did this and it worked out nicely. I did not mean the spending in retirement is exactly what we expected, because certain things unexpected do happen. But we have the big picture right. You need to do this estimate in order to get your number X in the 25X or 4% rule planning. To answer your specific question, our spending in retirement increases by 20%, mainly in the category of travel and entertainments. However, if we add the money that we are gifting to our children and taxes paid for Roth conversion, then our spending increases about 100% i...
- Mon Nov 06, 2023 6:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: Did anyone spend too much in early retirement?
- Replies: 71
- Views: 14470
Re: Did anyone spend too much in early retirement?
While we are 5 weeks away from early retirement and haven’t yet started pulling from our retirement accounts, we are on the brink of doing that. For retirement we purchased a 100yr old farm that needs A LOT of work. So, as soon as we "retire" to build a hobby farm, we’re going to spend an enormous amount of money on things like farm house renovations (which started last year), farm equipment to include a tractor, greenhouse, and some infrastructure. The costs can be spread out some, but only so much. I’ve been working to receive some agricultural grant money and have secured some, but we’ll still be dumping at least 100k+ into the property pretty quickly (on top of what we've already put in which is a lot). I don’t recommend this...
- Mon Nov 06, 2023 2:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: Did anyone spend too much in early retirement?
- Replies: 71
- Views: 14470
- Mon Nov 06, 2023 2:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: Did anyone spend too much in early retirement?
- Replies: 71
- Views: 14470
Re: Did anyone spend too much in early retirement?
While we are 5 weeks away from early retirement and haven’t yet started pulling from our retirement accounts, we are on the brink of doing that. For retirement we purchased a 100yr old farm that needs A LOT of work. So, as soon as we "retire" to build a hobby farm, we’re going to spend an enormous amount of money on things like farm house renovations (which started last year), farm equipment to include a tractor, greenhouse, and some infrastructure. The costs can be spread out some, but only so much. I’ve been working to receive some agricultural grant money and have secured some, but we’ll still be dumping at least 100k+ into the property pretty quickly (on top of what we've already put in which is a lot). I don’t recommend this...
- Mon Nov 06, 2023 2:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Do you have an annual budget?
- Replies: 99
- Views: 11275
Re: Do you have an annual budget?
In retirement and no budget.
However, we have tracked our total spending for many years. I know that our basic spending (daily needs, insurances, taxes, normal entertainments, etc.) would be met by a 2% SWR. I set a spending ceiling of 4% of my previous-year portfolio balance and track my up-to-month spending month by month (only rough, not itemized tracking). So if I am planning an expensive $20,000 Europe trip which could push my spending over the 4% total, I would trim the trip or find a cheaper alternative (e.g., going to South America).
However, we have tracked our total spending for many years. I know that our basic spending (daily needs, insurances, taxes, normal entertainments, etc.) would be met by a 2% SWR. I set a spending ceiling of 4% of my previous-year portfolio balance and track my up-to-month spending month by month (only rough, not itemized tracking). So if I am planning an expensive $20,000 Europe trip which could push my spending over the 4% total, I would trim the trip or find a cheaper alternative (e.g., going to South America).
- Mon Nov 06, 2023 1:51 pm
- Forum: Investing - Theory, News & General
- Topic: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
- Replies: 11
- Views: 1404
Re: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
I didn't look at actual bond funds, but I did look once at real-world balanced funds. I explored how well they would have supported 4% withdrawals in "4% rule" withdrawals from real mutual funds One way to summarize the results is as follows. https://imgur.com/STeFdCf.png "60-40" is, in fact, a combination of the Ibbotson paper results, 60% "large company stocks," 40% "intermediate-term government bonds." The rest are all mutual funds. In each case the time period was since fund inception, so they are all for differing time period, and they were all actively managed and almost certainly varied stock-bond allocation--I know this the case for Wellington--and wouldn't have necessarily been 60/40. (FPURX...
- Mon Nov 06, 2023 1:42 pm
- Forum: Investing - Theory, News & General
- Topic: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
- Replies: 11
- Views: 1404
Re: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
A bond fund generally will have a constant average duration. A ladder that long is likely to have a declining duration over time if it isn't a rolling ladder. If it isn't a rolling ladder then it isn't a 60/40 portfolio. Not necessarily; if you re-balance to something like cash you can still have a descending duration. Yes necessarily. By definition you're not maintaining 60/40 stock/bond if you replace the bonds with something that's not bonds. Even if you stay with a fixed bond allocation but change the duration of the bonds over time, for example via a duration glidepath, you're no longer talking about the same thing. Let's give the OP the benefit of the doubt that they understand that rolling ladders and funds of matching average durat...
- Mon Nov 06, 2023 11:18 am
- Forum: Personal Consumer Issues
- Topic: cross country drive in a 10 year old vehicle, thoughts?
- Replies: 87
- Views: 8679
Re: cross country drive in a 10 year old vehicle, thoughts?
I could have done that when I was young, but not in my late 50s.
I had one accident on the road when I was a graduate student with my family. The car was totaled and we were not injured fortunately. We stayed in a roadside motel for one night, gave many things to the hotel maid, and took a greyhound bus to our next destination, then flied to home airport and took a taxi home.
I had one accident on the road when I was a graduate student with my family. The car was totaled and we were not injured fortunately. We stayed in a roadside motel for one night, gave many things to the hotel maid, and took a greyhound bus to our next destination, then flied to home airport and took a taxi home.
- Mon Nov 06, 2023 10:57 am
- Forum: Personal Consumer Issues
- Topic: Can I Deposit a Check for Someone Else in Their Chase bank Account?
- Replies: 34
- Views: 7606
Re: Can I Deposit a Check for Someone Else in Their Chase bank Account?
If your friend signs the back of the check, you can deposit it into his/her account. No ID is required unless you want cash back.
- Mon Nov 06, 2023 10:55 am
- Forum: Investing - Theory, News & General
- Topic: Is it so difficult to do nothing?
- Replies: 63
- Views: 8451
Re: Is it so difficult to do nothing?
It is difficult to do nothing when "everyone" is urging you to Do Something. +1 Very difficult since retirement. Retirement was quite a mental shift for me. Prior to knowing about Bogleheads, I survived 2000 and 2008 by doing nothing because I didn't know what to do. I mentally wrote off my investments, and realized I needed to prepare for eventual retirement. Turns out that doing nothing during those times was incredibly a solid path to follow. Wish I could take credit for being smart to make those choices, but admittedly I wasn't. Currently I acknowledge that my portfolio is sufficient, no debts, SS at 70, house paid off, etc. Discovering Bogleheads about 6 years ago was a godsend. Today though, I am struggling with not doing a...
- Mon Nov 06, 2023 10:36 am
- Forum: Investing - Theory, News & General
- Topic: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
- Replies: 11
- Views: 1404
Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
Bogleheads have been advocating 3-fund portfolios and one part of them is bonds. If I am not mistaken, that part is usually some kind of bond funds.
These days, there have been lots of discussions on bond ladders, TIPS ladders, CD ladders, and I bonds (2 years ago). Everyone seems to not like bond funds. Have we abandoned the 3-fund portfolio principle?
Did Bengen's original 4% rule calculations with 60/40 (or similar) allocation use individual bonds or bond funds or other metrics (long interest)?
Is there a big difference between holding a bond fund or laddering individual bonds for 30 years?
These days, there have been lots of discussions on bond ladders, TIPS ladders, CD ladders, and I bonds (2 years ago). Everyone seems to not like bond funds. Have we abandoned the 3-fund portfolio principle?
Did Bengen's original 4% rule calculations with 60/40 (or similar) allocation use individual bonds or bond funds or other metrics (long interest)?
Is there a big difference between holding a bond fund or laddering individual bonds for 30 years?
- Sun Nov 05, 2023 10:38 am
- Forum: Personal Consumer Issues
- Topic: Space Heaters?
- Replies: 62
- Views: 5341
Re: Space Heaters?
I used two oil-based space heaters for two rooms in my big house in the previous two winters, and kept the HVAC at lower temperature. It seems that the heating bills were high. I plan to not (or lightly) use the space heaters this year and to see how the heating bills will be.
- Sun Nov 05, 2023 10:23 am
- Forum: Personal Finance (Not Investing)
- Topic: Did anyone spend too much in early retirement?
- Replies: 71
- Views: 14470
Re: Did anyone spend too much in early retirement?
I don't know if I am overspending or underspending, because I don't know the correct spending. I will know that after I die.
On the other hand, I will be happy to set 4% of my current portfolio as the ceiling of my spending for the next year, and 2% as the floor. There is no such thing as not be able to spend money if you want to and if you have it.
On the other hand, I will be happy to set 4% of my current portfolio as the ceiling of my spending for the next year, and 2% as the floor. There is no such thing as not be able to spend money if you want to and if you have it.
- Sun Nov 05, 2023 9:30 am
- Forum: Personal Consumer Issues
- Topic: Space Heaters?
- Replies: 62
- Views: 5341
Re: Space Heaters?
You guys don't use your HVAC in the winter?
- Sat Nov 04, 2023 1:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Did anyone spend too much in early retirement?
- Replies: 71
- Views: 14470
- Sat Nov 04, 2023 1:24 pm
- Forum: Personal Finance (Not Investing)
- Topic: Did anyone spend too much in early retirement?
- Replies: 71
- Views: 14470
Re: Did anyone spend too much in early retirement?
I am more worried about: if you don't spend more now, you can't spend more later.
- Fri Nov 03, 2023 9:43 pm
- Forum: Personal Investments
- Topic: T-Bill Purchase Question
- Replies: 12
- Views: 2003
Re: T-Bill Purchase Question
Where did you do this transaction?
- Tue Oct 24, 2023 8:51 am
- Forum: Personal Investments
- Topic: Fidelity CMA overdraft
- Replies: 66
- Views: 9367
Re: Fidelity CMA overdraft
I always used SPAXX and didn't experience any problems. I don't know if there are major differences in their money market funds. I know there is one with a minimum balance of $100,000, which is different.
- Mon Oct 23, 2023 10:34 am
- Forum: Investing - Theory, News & General
- Topic: Risk tolerance, with 2yrs expenses banked
- Replies: 15
- Views: 1841
Re: Risk tolerance, with 2yrs expenses banked
If you hold cash in a money market account or CD, it is considered as invested now. I don't think you need to mentally distinguish the 2-year cash from other fixed income assets. Thanks - agreed. I edited my original post regarding this. Beyond that, I simply wanted to point out that, within the non-equity portion of our portfolio, I plan to keep 2 years of expenses in a money market fund (versus long bond, etc.) I usually don't keep a lot of money in money market funds, but when I rolled my 401k into my IRA in 2022, I had to liquid all funds. I didn't buy back the total bond funds I owned in 401k, but have kept the money in a money market funds, because I don't know what funds to buy. That amount is about 6 years of my annual expenses.
- Mon Oct 23, 2023 8:20 am
- Forum: Personal Consumer Issues
- Topic: Overseas text messaging
- Replies: 27
- Views: 2493
Re: Overseas text messaging
T-Mobile has free text messaging and data for more than 120 countries. I use it for Google maps in many parts of the world. Calls are $0.25 per minutes.
- Mon Oct 23, 2023 8:16 am
- Forum: Personal Finance (Not Investing)
- Topic: Portfolio review, can I FIRE
- Replies: 10
- Views: 2065
Re: Portfolio review, can I FIRE
Financially you are OK to FIRE, with a 3.3% SWR, which is sustainable even if you both FIRE.
As I said in many places, the best SWR is that your spouse likes to work. So that will help a lot. You also have social security in the long run.
I'm not urging you to quit. I am saying that you are OK to do anything, even if you decide to retire.
Figure out what you want to do in your retired free time. If that is better than working, I would just retire. Life is short.
As I said in many places, the best SWR is that your spouse likes to work. So that will help a lot. You also have social security in the long run.
I'm not urging you to quit. I am saying that you are OK to do anything, even if you decide to retire.
Figure out what you want to do in your retired free time. If that is better than working, I would just retire. Life is short.
- Sun Oct 22, 2023 10:39 pm
- Forum: Investing - Theory, News & General
- Topic: Risk tolerance, with 2yrs expenses banked
- Replies: 15
- Views: 1841
Re: Risk tolerance, with 2yrs expenses banked
If you hold cash in a money market account or CD, it is considered as invested now. I don't think you need to mentally distinguish the 2-year cash from other fixed income assets.
- Wed Oct 18, 2023 9:28 am
- Forum: Investing - Theory, News & General
- Topic: Retired, Unretired, Retired Again - Lessons Learned?
- Replies: 37
- Views: 7139
Re: Retired, Unretired, Retired Again - Lessons Learned?
If you are willingly retired, not forced out, I don't know why you want to get back.
- Wed Oct 18, 2023 9:22 am
- Forum: Personal Investments
- Topic: Tired of working. Are we ready to retire?
- Replies: 65
- Views: 13181
Re: Tired of working. Are we ready to retire?
The best retirement strategy is that your spouse likes to keep working.
- Tue Oct 17, 2023 9:39 pm
- Forum: Investing - Theory, News & General
- Topic: Multiple-Redundancy "Bullet Proof" SWR for Early Retiree
- Replies: 30
- Views: 4609
Re: Multiple-Redundancy "Bullet Proof" SWR for Early Retiree
I am going to use the 4% rule as a guideline. But I know the future will not look like anything in the past because of the huge national debt.
- Sat Oct 14, 2023 11:20 pm
- Forum: Personal Investments
- Topic: Who has a financial advisor/planner and why?
- Replies: 181
- Views: 18810
Re: Who has a financial advisor/planner and why?
So last year, the recommendation was to buy Fidelity S&P500 index fund, and this year's recommendation is to buy Vanguard S&P500 index fund?heyyou wrote: ↑Sat Oct 14, 2023 1:40 pm Since early retirement, I've been paying $2000 a year for a flat fee adviser who recommends index funds. At first it was for my wife who was a decade younger, but now it is for me, due to a slowly deteriorating medical condition. I like having that buffer between my assets and my home computer. YMMV
Note the distinction of what suits almost all Bogleheads, may or may not be the preference of everyone else who buys index funds.
- Sat Oct 14, 2023 10:46 am
- Forum: Personal Investments
- Topic: Who has a financial advisor/planner and why?
- Replies: 181
- Views: 18810
Re: Who has a financial advisor/planner and why?
If you are regulars on this board and spending time to participate in the discussions, any financial advisor/planner is a waste of money. This is my opinion. No one knows the future for sure and nothing is perfect.
- Fri Oct 13, 2023 8:00 pm
- Forum: Personal Investments
- Topic: Advice on preparing to FIRE in next 1-2 years
- Replies: 28
- Views: 5947
Re: Advice on preparing to FIRE in next 1-2 years
You probably just need $30,000~$40,000 per year to live comfortably in Thailand.808surfboy wrote: ↑Fri Oct 13, 2023 6:08 pm I was planning to live in Thailand on retirement visa or Thai Elite Visa