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Re: Hit your #, Still want to work, does your savings % chan

Lawman, I appreciate the perspective but I fret enough naturally and I am trying to reduce that trait.
by StarbuxInvestor
Sun Apr 20, 2014 1:07 pm
 
Forum: Investing - Theory, News & General
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 20
Views: 1435

Re: Hit your #, Still want to work, does your savings % chan

Save a year of basic expenses in a taxable account. Then go on sabbatical for a year to figure out what you want to be when you grow up. Do it. I just got back to work after taking 10 months off following taking an ERO offer from my previous employer. Realistically I have no more than 5 potential w...
by StarbuxInvestor
Sun Apr 20, 2014 9:04 am
 
Forum: Investing - Theory, News & General
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 20
Views: 1435

Re: Hit your #, Still want to work, does your savings % chan

Anyone who have read my posts has figured out I am struggling with the concept of enough. Something about the realization that my years of drawing a salary are coming to an end is just causing me to want to cling to them all the more tightly. The concept of letting go a a good paycheck is very stre...
by StarbuxInvestor
Sun Apr 20, 2014 9:00 am
 
Forum: Investing - Theory, News & General
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 20
Views: 1435

Re: Hit your #, Still want to work, does your savings % chan

Change nothing: what's wrong with exceeding your number? If nothing else, it's a cushion just in case you underestimated. There is nothing wrong with it per se. But for me I am saving to enable myself to be able to do certain things not just for security. I definitely wouldn't call my wife and myse...
by StarbuxInvestor
Sun Apr 20, 2014 8:48 am
 
Forum: Investing - Theory, News & General
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 20
Views: 1435

Hit your #, Still want to work, does your savings % change?

Here is the scenario. You have zero debt. You are saving 25%-30% of your income each year and you hit your number but you still want to keep working for at least a couple more years. What do you do with the 25%-30% you have been saving? Do you allow yourself more toys? Keep saving but at a reduced r...
by StarbuxInvestor
Sun Apr 20, 2014 12:23 am
 
Forum: Investing - Theory, News & General
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 20
Views: 1435

Re: The reverse world of retirement investing

Read it the other day, who is retired and would be a 100% stocks and 5% withdraw rate :oops: John After reading dozens of posts about 2.5%-3.% withdrawal rates I am seriously considering using a 5% rate, at least for the first decade. 5% is possible but hopefully you don't want 100% stocks also :?:...
by StarbuxInvestor
Sat Apr 19, 2014 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: The reverse world of retirement investing
Replies: 27
Views: 2486

Re: The reverse world of retirement investing

Johm221122 wrote:Read it the other day, who is retired and would be a 100% stocks and 5% withdraw rate :oops:

John


After reading dozens of posts about 2.5%-3.% withdrawal rates I am seriously considering using a 5% rate, at least for the first decade.
by StarbuxInvestor
Sat Apr 19, 2014 10:58 am
 
Forum: Investing - Theory, News & General
Topic: The reverse world of retirement investing
Replies: 27
Views: 2486

Re: What's Your up to the minute AA?

I do my Tax Advantaged AA weekly out of habit. Here is my current AA sans a 10%-15% position in Wellington. (1/4/2014) Domestic Equity - 30.41% International Developed Markets - 20.53% Emerging Market - 4.86% REIT - 9.83% TIPS - 5.14% Total Bond - 9.42% Cash - 19.82% (2/1/2014) Domestic Equity - 27...
by StarbuxInvestor
Sat Apr 19, 2014 7:48 am
 
Forum: Investing - Theory, News & General
Topic: What's Your up to the minute AA?
Replies: 85
Views: 5917

Re: *poor* Bogleheads

I sometimes do math on excessive claims just for entertainment to see how plausible they are. I also take with a grain of salt any advice that holds the 1987-2000 bull market as key to it's success.
by StarbuxInvestor
Fri Apr 18, 2014 10:21 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5213

Re: Marketed = Ripoff

davebarnes wrote:Someone is paying for all the marketing and for the sales people.
Yes, ripoff.


How is that unique to a 55 and over community?
by StarbuxInvestor
Thu Apr 17, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Over-55 communities a ripoff?
Replies: 38
Views: 2678

Re: Over-55 communities a ripoff?

Most people want smaller homes as they age. The price is usually driven more by community emenities than the actual house. Plus no kids allow to reside there.
by StarbuxInvestor
Thu Apr 17, 2014 2:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Over-55 communities a ripoff?
Replies: 38
Views: 2678

Re: Legal Liability Question [Sole Proprietorships vs. LLCs]

Corporate lawyer here. An LLC will provide you with a "liability shield", but you need to make sure your company is not thinly capitalized, i.e., make sure you open a bank account for the company and put some money (usually a $1000 or so) in it. But as others have mentioned, with a small ...
by StarbuxInvestor
Wed Apr 16, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Legal Liability Question [Sole Proprietorships vs. LLCs]
Replies: 6
Views: 378

Re: Legal Liability Question [Sole Proprietorships vs. LLCs]

I have a legal liability question about Sole Proprietorships vs. LLCs for single employee businesses. As I under an LLC protects the assets of the owners of a business but would it provide any protection for the employees. And if it doesn't and the owner is the only employee does it really afford h...
by StarbuxInvestor
Wed Apr 16, 2014 8:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Legal Liability Question [Sole Proprietorships vs. LLCs]
Replies: 6
Views: 378

Re: Let's compare 2013 effective tax rates

sscritic wrote:
StarbuxInvestor wrote:Very confused how an effective rate could be higher than your bracket.

Self employment tax goes on your return. 25 + 13 = 38 (there are offsets).


Then why not throw in unearned income, property, state, city, sales too.
by StarbuxInvestor
Wed Apr 16, 2014 7:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2137

Legal Liability Question [Sole Proprietorships vs. LLCs]

I have a legal liability question about Sole Proprietorships vs. LLCs for single employee businesses. As I under an LLC protects the assets of the owners of a business but would it provide any protection for the employees. And if it doesn't and the owner is the only employee does it really afford hi...
by StarbuxInvestor
Wed Apr 16, 2014 7:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Legal Liability Question [Sole Proprietorships vs. LLCs]
Replies: 6
Views: 378

Re: Let's compare 2013 effective tax rates

boglerocks wrote:I thought it would be interesting to compare 2013 effective tax rates along with federal tax brackets and any interesting tidbits. Here's mine:

30% effective rate
25% bracket
SEP deduction


Very confused how an effective rate could be higher than your bracket.
by StarbuxInvestor
Wed Apr 16, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 2137

Re: How much is rich?

I have to admit being fascinated by why this is such a difficult question for so many people to answer. I mean it just asks people in their own opinion to answer in simple numeric terms. Reasonably sure if I asked a similar question about AA or SWR people could answer numerically. I believe Ivygirl...
by StarbuxInvestor
Sun Apr 13, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How much is rich?

I have to admit being fascinated by why this is such a difficult question for so many people to answer. I mean it just asks people in their own opinion to answer in simple numeric terms. Reasonably sure if I asked a similar question about AA or SWR people could answer numerically.
by StarbuxInvestor
Sun Apr 13, 2014 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How much is rich?

Well this has become a total threadjack. I was speaking monetarily, not about what makes people feel that they have had a successful life. I am always interested on why this question is so hard to answer or why people try to avoid answering it. I think you totally miss the point. You cannot define ...
by StarbuxInvestor
Sun Apr 13, 2014 10:57 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How much is rich?

Twelve million. After that, you have to skip thirteen million, because it brings bad luck. Victoria Ha ha ha! A joke that good demands the applause of laughter. :P Any fans of the novel Dracula here? Von Helsing has a speech about "King Laugh," who moves in and absolutely takes over, even...
by StarbuxInvestor
Sun Apr 13, 2014 10:48 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How much is rich?

Well this has become a total threadjack. I was speaking monetarily, not about what makes people feel that they have had a successful life. I am always interested on why this question is so hard to answer or why people try to avoid answering it. I think you totally miss the point. You cannot define ...
by StarbuxInvestor
Sun Apr 13, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How much is rich?

Well this has become a total threadjack. I was speaking monetarily, not about what makes people feel that they have had a successful life. I am always interested on why this question is so hard to answer or why people try to avoid answering it.
by StarbuxInvestor
Sun Apr 13, 2014 9:26 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How much is rich?

Income wise to be in the top 1% this year was an AGI around $380,000. But there are 9.6 million households with net worths exceeding one million dollars in the U.S.
by StarbuxInvestor
Sun Apr 13, 2014 9:10 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How much is rich?

This question has been debated many times. In my view, it's not an absolute number. You are rich when you know you have enough. No more. A friend and I were discussing this the other day. How much would someone need to have in stocks, bonds, CDs, and cash (basically excluding any residences) to be ...
by StarbuxInvestor
Sun Apr 13, 2014 8:28 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

How much is rich?

A friend and I were discussing this the other day. How much would someone need to have in stocks, bonds, CDs, and cash (basically excluding any residences) to be rich? He said somewhere between 2 and 3 million, I said 5 million. What do you guys think?
by StarbuxInvestor
Sun Apr 13, 2014 8:18 am
 
Forum: Personal Finance (Not Investing)
Topic: How much is rich?
Replies: 47
Views: 2443

Re: How do you walk away from a good job?

I have decided to commit to another 11 months. Then take it in 3 month chunks from there.
by StarbuxInvestor
Sat Apr 12, 2014 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3328

Re: Some websites are.......

Hello: Some websites are forecasting a stock market correction.........should I be concern (Marketwatch).Many thanks for your replies,parigi. :? They are correct a market correction is coming. Probably scarier a Bear market is coming. Also a Bull market is coming and a period of extreme volatility ...
by StarbuxInvestor
Fri Apr 11, 2014 10:02 am
 
Forum: Investing - Theory, News & General
Topic: Some websites are.......[predicting stock market correction]
Replies: 14
Views: 1231

Re: Anyone else very reluctant to buy right now?

TvilleBogle wrote:Call me crazy but I bought VINIX today.


Better than buying yesterday. Although that may not be the consensus view here.
by StarbuxInvestor
Thu Apr 10, 2014 7:23 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 11820

Re: What next after you have enough sort of.

I am much younger then the other folks commenting on this so take it with a grain of salt. I would accept that no plan you decide will work in a vacuum. No plan is perfect as no one knows what type of extreme events in the future will change your needs. I would guard against the worst which in inve...
by StarbuxInvestor
Thu Apr 10, 2014 7:19 pm
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348

Re: Anyone else very reluctant to buy right now?

I think if I was further from retirement and earlier in the accumulation phase I will feel differently than I do a couple years from calling it a day. That's certainly possible so if I were to get a 500k windfall that would essentially shoot past my "number" and would probably call for a ...
by StarbuxInvestor
Thu Apr 10, 2014 3:43 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 11820

Re: What next after you have enough sort of.

as IlliniDave said "auditioning" my early retirement lifestyle as best I can. We were so focused on the size of the income number that only later did we realize that we had been practicing our retirement spending. That does smooth the transition, knowing that your spending budget is the s...
by StarbuxInvestor
Thu Apr 10, 2014 1:43 pm
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348

Re: Anyone else very reluctant to buy right now?

I think if I was further from retirement and earlier in the accumulation phase I will feel differently than I do a couple years from calling it a day.
by StarbuxInvestor
Thu Apr 10, 2014 9:43 am
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 11820

Re: Anyone else very reluctant to buy right now?

Is there a difference between investing a small amount every month and going all in today with a large amount?How many would be a little more reluctant to invest 500k today at these valuations if that was all you had for your stock allocation? What is the difference between investing 500k and keepi...
by StarbuxInvestor
Tue Apr 08, 2014 3:48 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 11820

Re: How do you walk away from a good job?

Possibly. 3 days a week would be ideal, even 4 would allow me a great flexibility to do some of the things I want. If you are truly a contractor, you choose when and how often you work. Just start working four day weeks. I guess that is true if I want to pursue another contract position with differ...
by StarbuxInvestor
Tue Apr 08, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3328

Re: What next after you have enough sort of.

I am very comfortable that between SS, small pensions and savings come 65-67 we will be in excellent shape. In other words I sort of feel like I have enough but I am not sure what to do for the next dozen or so years. I know the answer is save so I can retire early. I just have trouble figuring out...
by StarbuxInvestor
Tue Apr 08, 2014 2:10 pm
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348

Re: Investment amount instead of allocation percentage

Dandy wrote:You are looking at the issue from the opposite standpoint i.e. limiting your equity dollars at risk and I guess keeping the excess safe or safer.


Basically. Looking at it like X dollars in equities is all the market risk I need take to achieve my goals.
by StarbuxInvestor
Tue Apr 08, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Investment amount instead of allocation percentage
Replies: 21
Views: 1525

Re: How do you walk away from a good job?

I took an early retirement package from my last company but knew I would still have to work a couple more years. I figured I would be doing good to get 70% of my previous pay at my new job. Well instead I ended up getting a job contracting that pay considerably more than I was making before and now...
by StarbuxInvestor
Tue Apr 08, 2014 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3328

Re: How do you walk away from a good job?

Why do you have to walk away? As far as I am concerned, if I don't want to leave my job, it's not time to retire yet. It is more of a golden handcuffs type of situation. It is by a good margin the best compensation I have ever received. But there are a lot of things I want to do while I am young an...
by StarbuxInvestor
Tue Apr 08, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3328

Re: How do you walk away from a good job?

To me a "good job" was never about the money. The money just came. I never took a job for the money. When I finally stopped, money was never a consideration. The job and the people are excellent to. But, at least currently as a contractor I find it difficult to take time off because I rea...
by StarbuxInvestor
Tue Apr 08, 2014 10:01 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3328

Re: What next after you have enough sort of.

Longtimelurker wrote:- Build a TIPS ladder to take you from early retirement to SS to smooth out the guaranteed income variability

Make sense?


I need more coaching on TIPS ladders for sure.
by StarbuxInvestor
Tue Apr 08, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348

Re: What next after you have enough sort of.

I may be missing something here but seems to me that once I start taking SS and pension @ 67 a SWR of 5% might even be appropriate considering I am looking at a 25 year retirement and have a paid off residence I could liquidate.
by StarbuxInvestor
Tue Apr 08, 2014 9:56 am
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348

Re: How do you walk away from a good job?

Why do you have to walk away? As far as I am concerned, if I don't want to leave my job, it's not time to retire yet. It is more of a golden handcuffs type of situation. It is by a good margin the best compensation I have ever received. But there are a lot of things I want to do while I am young an...
by StarbuxInvestor
Tue Apr 08, 2014 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3328

How do you walk away from a good job?

I took an early retirement package from my last company but knew I would still have to work a couple more years. I figured I would be doing good to get 70% of my previous pay at my new job. Well instead I ended up getting a job contracting that pay considerably more than I was making before and now ...
by StarbuxInvestor
Tue Apr 08, 2014 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: How do you walk away from a good job?
Replies: 29
Views: 3328

Re: Is Our Accountant Over-Charging Us?

I just paid $875 for my account to do my taxes.
by StarbuxInvestor
Tue Apr 08, 2014 9:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Our Accountant Over-Charging Us?
Replies: 30
Views: 3133

Re: What next after you have enough sort of.

People may think if it as a mental accounting trick but after thinking long and hard on this topic it seemed to me I am looking at 2 distinct phases pre and post SS and pension. To plan for post SS and pension which is about 14 years away I can take X dollars and a say 65/35 AA and let things run th...
by StarbuxInvestor
Tue Apr 08, 2014 7:43 am
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348

Re: How are you preparing for the coming bear market

There seems to be differing defintions for how you define the end of a bear market. http://www.gold-eagle.com/editorials_12/images/doolittle050413-1.jpg Oh yeah... two 20% drops with a month in between them in 2008-2009 count as "two" bear markets. I remember thinking in Dec 2008, "W...
by StarbuxInvestor
Tue Apr 08, 2014 7:29 am
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7804

Reasonable amount of time to double money with 50/50 AA

Is it reasonable to expect your money to double in 14 years if your AA is 50/50. Disregard inflation?
by StarbuxInvestor
Mon Apr 07, 2014 11:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reasonable amount of time to double money with 50/50 AA
Replies: 2
Views: 488

Re: Anyone else very reluctant to buy right now?

I wil admit I am hesitant right now although not because I think the market is horribly overvalued.
by StarbuxInvestor
Mon Apr 07, 2014 10:21 pm
 
Forum: Investing - Theory, News & General
Topic: Anyone else very reluctant to buy right now?
Replies: 124
Views: 11820

Re: What next after you have enough sort of.

I'm struggling with this issue as well. I'm sure StarbuxInvestor appreciates this, but thought I'd point it out anyways because of the way his question is written. Short time to retirement doesn't mean short time horizon for the portfolio. The portfolio needs to exist and be maintained potentially ...
by StarbuxInvestor
Mon Apr 07, 2014 6:50 pm
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348

What next after you have enough sort of.

I am very comfortable that between SS, small pensions and savings come 65-67 we will be in excellent shape. In other words I sort of feel like I have enough but I am not sure what to do for the next dozen or so years. I know the answer is save so I can retire early. I just have trouble figuring out ...
by StarbuxInvestor
Mon Apr 07, 2014 6:11 pm
 
Forum: Investing - Theory, News & General
Topic: What next after you have enough sort of.
Replies: 31
Views: 3348
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