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Re: Help with selling and clean out of older relative's home

An elderly aunt of mine has recently moved permanently into an assisted living facility. They have no else in their family and are quite close to my brother and myself. My aunt has decided she would like to sell her family home. She has lived in the home for over 80 years and is stuffed with decade...
by goodyear35
Mon Feb 23, 2015 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with selling and clean out of older relative's home
Replies: 19
Views: 1792

Re: Can I retire early? 38 y/o

I don't think a 40/60 portfolio would allow me to withdraw enough to maintain my lifestyle. I highly doubt I could do a SWR of 3-4% on a 40/60 portfolio in favor of bonds. If that were possible, I do agree it's a lot less risky. You are absolutely correct. Multiple posters on this thread do not see...
by goodyear35
Thu Jan 15, 2015 11:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

One thing that hasn't been focused on enough in this thread is sequence of returns risk, particularly in the first 15-20 years of a 50 year horizon. My belief is that over a 50 year period, you can expect a better than 4% annual return (if not, there will be bigger problems to worry about, which ma...
by goodyear35
Thu Jan 15, 2015 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

After the responses and running numbers myself, I was looking more in the 70/30 or 60/40 range. I think this would probably make the most sense. There is pause on my part because the market seems to be at a relatively high valuation right now. On the other hand, I am not trying to time the market. ...
by goodyear35
Wed Jan 14, 2015 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I retired at 38. I do not have children or a spouse. However, two things strike me: 1) Is your wife on board with a possible scale-back of lifestyle should that become necessary (say, a long downturn in markets shrinks your nest egg, or there's a huge medical expense, or one of your parents require...
by goodyear35
Wed Jan 14, 2015 12:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

If you don't mind me playing this out, I understand your thinking. Try another angle on it. If you go say 80/20, and the market tanks 50%, how is your 3-4 % SWR looking? Your $3.8Million will be under $2Million. How would you feel about that. The downside is what if market goes up 50%. If you are a...
by goodyear35
Wed Jan 14, 2015 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I'm probably just too conservative, but why would you remain 75% in equities in your situation? Wouldn't it make sense to bring your stocks down to at least 60%? Yeah, that was one of my questions. I was suggesting a 75/25 stock/bond split but I had questioned that myself. Maybe 60/40 is a better s...
by goodyear35
Wed Jan 14, 2015 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

William Lichter wrote:Just out of curiosity, what business were you in to make so much money? I'm always interested in learning about success stories.


Ecommerce.
by goodyear35
Tue Jan 13, 2015 11:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I'm probably just too conservative, but why would you remain 75% in equities in your situation? Wouldn't it make sense to bring your stocks down to at least 60%? Yeah, that was one of my questions. I was suggesting a 75/25 stock/bond split but I had questioned that myself. Maybe 60/40 is a better s...
by goodyear35
Tue Jan 13, 2015 11:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

IMO, you're good to go. Even if you buy a 900k house, your remaining nest egg will be $3.1 million. After your $24k rental income, you'll need $76k annually. That's less than a 2.5% annual withdrawal rate. You might be able to do that with interest and dividends only. And at that level, dividend an...
by goodyear35
Tue Jan 13, 2015 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

Is there a reason you need to make a permanent decision now? It sounds like your business is shutting down so you will stop working at it for now. You have been economically very responsible and saved lots of money, more money than most people will amass in their lifetime. Firecalc tells you that y...
by goodyear35
Tue Jan 13, 2015 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

There are a lot of mixed opinions here. I think I may be more confused now than prior to posting, but I do seem to have an idea of worst case scenario and best case scenario. I do appreciate all of the feedback!
by goodyear35
Mon Jan 12, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I'm probably just too conservative, but why would you remain 75% in equities in your situation? Wouldn't it make sense to bring your stocks down to at least 60%? Yeah, that was one of my questions. I was suggesting a 75/25 stock/bond split but I had questioned that myself. Maybe 60/40 is a better s...
by goodyear35
Mon Jan 12, 2015 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

Seems like the potential responses are going to depend on a couple of basic assumptions: - to what extent is spending flexible - is it ok to spend down principle Is a 50 year retirement automatically in the perpetual portfolio category where as a 30 year retirement is not? There is uncertainty in r...
by goodyear35
Sun Jan 11, 2015 11:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

The thing I would worry about is lifestyle creep. I would recommend reading the wiki article on Managing a Windfall . While you could definitely afford to retire now, you should pay attention to the cautionary tales about people who blew through larger nest eggs than yours. Also be wary of Financia...
by goodyear35
Sun Jan 11, 2015 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

Also to be clear, I am not selling my business and didn't receive a windfall. I am closing my business. The money I have made was over several years of running the business. I saved roughly 80-90% of everything I made. So it didn't all come at once. This is the only aspect that has given me any pau...
by goodyear35
Sun Jan 11, 2015 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

The one big concern I have is lets say our SWR is 4% on $2.9M, that is roughly $116K per year before taxes, and about $98K after taxes assuming 15% capital gains taxes (is that a safe assumption?). What happens if the market drops 50% within the next few years and now our $2.9M taxable account is $...
by goodyear35
Sun Jan 11, 2015 11:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I just want to add to obgyn65 and ValueThinker's comments that the SWR numbers are based on spending down principle together with estimated investment returns. This means it matters a lot how long you need the money to last, and so it's going to be a very different answer for a typical 65 year old ...
by goodyear35
Sun Jan 11, 2015 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

To the OP : if you google this website, you will see that many participants (me included) believe that 4% SWR at age 38 is too high. I would go for 2 or 3% SwR. It does mean that you cannot retire, just try to reduce expenses a bit if you want to have enough until the age of 95 for example. At curr...
by goodyear35
Sun Jan 11, 2015 11:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I think the biggest risk is lifestyle creep. In a $900k home, how many of your neighbors are living on high five figures? From personal experience, raising a family with kid(s) in an upscale community is not a cheap endeavor. Point well taken. Keeping up with the Jon(es) I suppose. Our friends and ...
by goodyear35
Fri Jan 09, 2015 10:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

The only real difference between us is your net worth, the rest (age, expenses, etc) match. And if I had your net worth, I would definitely retire, but with two conditions: 1) Buy a modest home you can live with. To me this is important because people get way too carried away with purchases when th...
by goodyear35
Fri Jan 09, 2015 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

Happy Friday! I have been running a successful business over the past few years - the landscape has changed drastically and it's time to close the doors. Would love some insight from fellow Bogleheads on if I have enough to "retire"? Retirement to me will be the ability to pick and choose...
by goodyear35
Fri Jan 09, 2015 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

subham wrote:Why not retire in one of those cities like Dallas where you can get mansions for under 300k and use the 600k as part of your AA?


Family. Our family is here, and moving is just not an option.
by goodyear35
Fri Jan 09, 2015 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I am curious to know how this thread evolves as early retirement is a worthy option to pursue. Did you consider Life Insurance, Disability Insurance, Umbrella Insurance, LTC, property taxes, house expenses etc? Also if you pay for the house in full cash, what precautions are you taking in hiding yo...
by goodyear35
Fri Jan 09, 2015 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

I am curious to know how this thread evolves as early retirement is a worthy option to pursue. If I am Suzi Orman "approved", I will update this thread for you all. Otherwise, I better get back to work :happy For me, it really comes down to my health. Running a business over the past seve...
by goodyear35
Fri Jan 09, 2015 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

You need $100k in income. The building provides 1/4 of it or $24,000 per year. So you only need $76,000 from your $4.0 M total portfolio ($3.8M taxable, $200k 401k). For 50+ years let's go with a 3% SWR. You need a $2.5M portfolio to generate $76,000 at a 3% SWR. That implies you could buy a $1.5M ...
by goodyear35
Fri Jan 09, 2015 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Can I retire early? 38 y/o

Congratulations on cashing out of your business and amassing a nest egg of $3.8M in cash after taxes! If you're haven't already do so, you can run your scenario through online retirement calculators like Firecalc or the retirement estimator at Fidelity Investments. You don't mention your spouse's i...
by goodyear35
Fri Jan 09, 2015 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Can I retire early? 38 y/o

Happy Friday! I have been running a successful business over the past few years - the landscape has changed drastically and it's time to close the doors. Would love some insight from fellow Bogleheads on if I have enough to "retire"? Retirement to me will be the ability to pick and choose ...
by goodyear35
Fri Jan 09, 2015 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I retire early? 38 y/o
Replies: 89
Views: 10663

Re: Reaching Severe Burnout - Can I Scale Back Career?

Your happiness is worth a lot more than anything else you mentioned. I would 100% look for something else.

I'm in a similar predicament but mine is a little different. I am going to post on it soon as I need some advice myself :(
by goodyear35
Wed Jul 23, 2014 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 50
Views: 6610

Re: Too Much in 529's?

I'm extremely confused as to why you are putting aside soo much? $75K per year seems extreme. That means there will be over $1M in the plan by the time they graduate? Are you planning on all of this money going to your children or back into your bank account in some way? They are making a one-time ...
by goodyear35
Fri Jun 20, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too Much in 529's?
Replies: 25
Views: 1805

Re: Too Much in 529's?

I'm extremely confused as to why you are putting aside soo much? $75K per year seems extreme. That means there will be over $1M in the plan by the time they graduate? Are you planning on all of this money going to your children or back into your bank account in some way? They are making a one-time ...
by goodyear35
Fri Jun 20, 2014 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too Much in 529's?
Replies: 25
Views: 1805

Re: Too Much in 529's?

I'm extremely confused as to why you are putting aside soo much? $75K per year seems extreme. That means there will be over $1M in the plan by the time they graduate? Are you planning on all of this money going to your children or back into your bank account in some way?
by goodyear35
Fri Jun 20, 2014 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Too Much in 529's?
Replies: 25
Views: 1805

Re: Should I move from Fidelity to Vanguard?

Just out of curiosity, for those who say not to move to Vanguard, would your opinion change if you had over $1M in assets to where you were able to get Flagship Services?
by goodyear35
Wed Jun 11, 2014 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I move from Fidelity to Vanguard?
Replies: 44
Views: 3772

Re: Starting a business question

You're giving away too much equity.

I would structure it to where it's 51/49 in your favor and you have final say in the decision making.

He is paid back his investment money before any distributions are made. You will be doing all the work. Don't do 80/20 in his favor, bad bad idea.
by goodyear35
Tue May 27, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting a business question
Replies: 36
Views: 2010

Re: Home buy - Now or later (Big salary increase)

Let me save you A LOT of headaches, time, etc. Rent a house exactly like your dream home for at least 1 year, and THEN determine if its your dream home. I bought a home about 2 years ago for $1.1M. I THOUGHT it was my dream home. Turns out, there are many things I overlooked as being important. Stor...
by goodyear35
Thu Jan 16, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buy - Now or later (Big salary increase)
Replies: 32
Views: 3900

Re: Young Guys [and Gals] Making Good Money

Started my own business (32ish) - Worked my tail off, failed on a couple of things and hit big on another. First year earnings were negligible. I went from making about $71K in the first year (2008) to over $2M this past year (2012). I will say though, since starting my own business my health has t...
by goodyear35
Wed Oct 02, 2013 8:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 24354

Re: Young Guys [and Gals] Making Good Money

I'll share as well because my parents were about to give up on me ... High school - Did well, but had issues with anxiety. Kinda nerdy, never partied. Was building web sites while others were out having fun. Made about $2-3K per month off of it. College - Got introduced to drinking, started partying...
by goodyear35
Mon Sep 30, 2013 2:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Guys [and Gals] Making Good Money
Replies: 241
Views: 24354

Re: how bad would it hurt to spend an extra 10k on a car (24

There is something very cool about having money and not spending it. Almost the opposite of having "cool" stuff. Make money, live well below your means = cool.
by goodyear35
Wed Jul 17, 2013 3:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: how bad would it hurt to spend an extra 10k on a car (24 yo)
Replies: 93
Views: 5560

Re: Portfolio Advice - Would be Grateful for your Help!

Guys/Gals, still look for advice on a good bond fund that is tax friendly, what about the one below in place of Vanguard Intermediate-Term Tax-Exempt (VWITX)?

Market Vectors Intermediate Municipal Index (ITM)
by goodyear35
Mon Mar 25, 2013 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Portfolio Advice - Would be Grateful for your Help!

I just found out today that Vanguard Intermediate-Term Tax-Exempt (VWITX) fund is no longer available for purchase unless you were a prior investor in the fund: http://blogs.barrons.com/focusonfunds/2013/02/28/vanguard-wellington-fund-closes-to-new-institutional-investors/ I now need to figure out w...
by goodyear35
Fri Mar 22, 2013 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Portfolio Advice - Would be Grateful for your Help!

Hi - One thing struck me in your post: Current yearly gross income = $1MM+ New annual Contributions $17,500 his 401k + $6,000 company match. Total $23,500 $5,000 his Rollover 0 taxable Is the net income much lower, are you accounting for it elsewhere, or is there another plan for what to do with th...
by goodyear35
Fri Mar 15, 2013 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Portfolio Advice - Would be Grateful for your Help!

Let me offer an opposing view to chan and Taylor Larrimore. You've got an awful lot of money for someone your age. My guess is that you work very hard and don't have much free time so that early retirement is an attractive option. Alternately, you might want to accumulate enough capital to start/bu...
by goodyear35
Fri Mar 15, 2013 10:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Portfolio Advice - Would be Grateful for your Help!

Goodyear, Nothing to add to Taylor's suggestion, but my comment is more on your 80/20 asset allocation. With an income of over $1MM a year, you have already won the game. If I were you, I would be a lot more conservative. But hey, it all depends on what your future needs and plans are. But congrats...
by goodyear35
Fri Mar 15, 2013 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Thoughts and suggestions

Anyone else can chime in and let me know your thoughts on my portfolio strategy? And more specifically what I plan to do with the $1MM in TD Ameritrade. Goodyear: Your planned taxable portfolio: Here is my plan for the $1MM/cash in TD Ameritrade (92.12%) 45% Vanguard Total Stock Market ETF (VTI) (0...
by goodyear35
Fri Mar 15, 2013 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Portfolio Advice - Would be Grateful for your Help!

short video introduction to boglehead philosophy http://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy further info on tax-efficient fund placement http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund_Placement (there are some folks questioning the recommendations o...
by goodyear35
Fri Mar 15, 2013 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Portfolio Advice - Would be Grateful for your Help!

short video introduction to boglehead philosophy http://www.bogleheads.org/wiki/Video:Bogleheads%C2%AE_investment_philosophy further info on tax-efficient fund placement http://www.bogleheads.org/wiki/Principles_of_Tax-Efficient_Fund_Placement (there are some folks questioning the recommendations o...
by goodyear35
Thu Mar 14, 2013 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: Portfolio Advice - Would be Grateful for your Help!

In your taxable TD Ameritrade account I would suggest one or more of the Muni fund etfs mentioned in this articlehttp://etf.about.com/od/bondetfs/a/List_of_Municipal_Bond_ETFs.htm rather than the TBM.Why pay taxes now rather than far into the future. Similarly The Reit ETF might also be more approp...
by goodyear35
Thu Mar 14, 2013 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Portfolio Advice - Would be Grateful for your Help!

Emergency funds: 2 years. Debt: Mortgage of $770K @ 4.25%. No other debt. Tax Filing Status: Married Filing Jointly Tax Rate: 35% Federal (new rate will be 39.6%), 0% State State of Residence: Florida Age: 36 Desired Asset allocation: 80% stocks / 20% bonds Desired International allocation: 30% of s...
by goodyear35
Wed Mar 13, 2013 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Would be Grateful for your Help!
Replies: 17
Views: 1318

Re: To those that have bought a house..Are you happy?

I love my house. Is there more responsibility and costs? Yep. But do I get enjoyment from it? BIG YEP. Its a lifestyle worth paying for me.
by goodyear35
Mon Oct 08, 2012 12:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: To those that have bought a house..Are you happy?
Replies: 142
Views: 10271

Re: Opening Vanguard Account under LLC

and if there are multiple members, perhaps other family members, or if you have a minority interest, they're never going to get their hands on any of it unless you want to. I guess when you offer to buy back your interest for pennies on the dollar, it's equivalent to settling your debt for that fra...
by goodyear35
Sat Aug 25, 2012 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Opening Vanguard Account under LLC
Replies: 18
Views: 2398
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