Search found 12 matches

by davidr-va
Wed Nov 30, 2016 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retiree - Mortgage...not...
Replies: 10
Views: 1083

Re: Early Retiree - Mortgage...not...

It's the 10% penalty. Had the same thought and brought it up with the lender. No dice, it seems since 2008 the major banks have over compensated. I'm thinking that I should talk to local or smaller banks to see if they have any flexibility. It seems rather difficult to find an institution that doesn...
by davidr-va
Wed Nov 30, 2016 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retiree - Mortgage...not...
Replies: 10
Views: 1083

Re: Early Retiree - Mortgage...not...

My wife and I are in a similar situation. Both retired, my wife receives social security and a pension. I'm not collecting SS yet. So our monthly review stream is moderate - 4K/month. We contacted Wells Fargo, Citibank and Chase - with our net worth they could impute a monthly revenue stream. All t...
by davidr-va
Wed Nov 30, 2016 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retiree - Mortgage...not...
Replies: 10
Views: 1083

Re: Early Retiree - Mortgage...not...

Is your present house paid off? I assume you'd move to a lower cost house, but correct me if I'm wrong. If paid and going to a lower cost house, put your house on the market and find yourself your new one. Unless it's a crazy market, you should be able to make an offer contingent on the sale of you...
by davidr-va
Wed Nov 30, 2016 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retiree - Mortgage...not...
Replies: 10
Views: 1083

Early Retiree - Mortgage...not...

Hey folks, I've run into an issue that surprised me. My wife and I have retired early with substantial assets accumulated through a Boglehead philosophy and living well below our means. We're looking to move now that the kids are out of the house and are unable to get a standard mortgage. The lender...
by davidr-va
Fri Feb 05, 2016 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Protection - Health Care Costs
Replies: 8
Views: 842

Re: Asset Protection - Health Care Costs

Thanks for all the replies. Completely agree with getting some counsel on this, just looking to have a conservation so I'm better grounded on the subject. We're 50 and 51 so fairly far away from Medicare although that does bring a lot of peace of mind. Knowing that's out there really helps and I had...
by davidr-va
Fri Feb 05, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Asset Protection - Health Care Costs
Replies: 8
Views: 842

Asset Protection - Health Care Costs

Okay, this is a hypothetical question...my wife and I were discussing the rising cost of health care. We have insurance but have been unpleasantly surprised at the cost of that insurance as well as the declining coverage for the cost. As we age one of the ugly scenarios is that an unexpected serious...
by davidr-va
Sat Jun 29, 2013 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Possible earlier retirement...
Replies: 12
Views: 2070

Possible earlier retirement...

I've been planning on retiring at 50 for quite some time (30+ years) and am now 18 months away from my 50th birthday. The situation at work continues to worsen and I may have to exit earlier than expected. Financially I'm not terribly concerned about retiring a bit earlier than planned but I would l...
by davidr-va
Sat Jun 29, 2013 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Tax Implications
Replies: 3
Views: 299

Rebalancing Tax Implications

First, thanks for all the excellent advice I've received here. As a result of that I now have a very nice plan for my investments that's 50/50 stocks and bonds spread across taxable and tax advantaged accounts. I am having a slight issue with getting all the way there though... In my tax advantaged ...
by davidr-va
Fri May 31, 2013 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account for 16 Year Old
Replies: 6
Views: 837

Re: Brokerage Account for 16 Year Old

Thanks for the great replies. She's already a great saver and has set aside a fairly good bit of money from her allowance, birthday gifts, etc. I'm quite proud of her. We do plan on saving up the $5/week to make a larger buy and minimize fees. She's only putting in $100 because she's not quite sure ...
by davidr-va
Thu May 30, 2013 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account for 16 Year Old
Replies: 6
Views: 837

Brokerage Account for 16 Year Old

My daughter is 16 years old and wants to start investing. I've talked to her about index funds, low cost, etc. and want to get her started. Any advice on the best way to do that with pretty limited funds? She'll probably start with a $100 lump and then look to put $5 a week until she starts a job...
by davidr-va
Tue Jul 24, 2012 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Early Retirement
Replies: 6
Views: 1120

Re: Portfolio Advice - Early Retirement

Wow, thanks for all the good advice. I'll be digesting it and come back with more questions. On the withdrawal rate I'm not planning on a 6% rate, more like 4%. I came up with 6% return needed by creating a couple of spreadsheets to figure out how far I would draw down my taxable nest egg at various...
by davidr-va
Mon Jul 23, 2012 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice - Early Retirement
Replies: 6
Views: 1120

Portfolio Advice - Early Retirement

First time poster. I've been blessed with a good job and a great wife. My father retired at 50 (he was actually "rightsized", if you remember those days) when I was in my early twenties and my goal has always been to emulate his early retirement. Since then it's been my wife and I's shared...

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