Search found 20 matches

by retiresoon222
Wed Aug 07, 2019 4:51 pm
Forum: Personal Investments
Topic: Personal Capital Question
Replies: 9
Views: 1488

Re: Personal Capital Question

Has anyone figured out what it takes to get the Personal Capital Retirement Planner to give you 100% success? I have been playing with it and for some rough numbers The assumptions that I plugged in are as follows: Currently ~50 yrs old 2.8M investable assets 70/30 SS his $22,500 @ 68 SS hers $22,50...
by retiresoon222
Fri Jun 14, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: I'm thinking about buying a supercar anyone here done this and feedback?
Replies: 241
Views: 15712

Re: I'm thinking about buying a supercar anyone here done this and feedback?

I did not read all of the posts to see if this came up, but since you are in the Denver metro area, I thought I'd share.

I've heard this is a blast and you get to check out a variety of cars too!

See link below:

https://www.oxotic.com/
by retiresoon222
Wed Jun 12, 2019 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Ally Checking vs Capital One 360 Checking
Replies: 16
Views: 1889

Re: Ally Checking vs Capital One 360 Checking

Started with "Ing Orange" in 2004,now cap 360 Never looked around, Just pleased. :happy I actually started with Netbank around 2001 and then it became ING Orange and now Capital One 360. They have had competitive rates all along. The online banking and ability to navigate the website (Checking, Sav...
by retiresoon222
Thu Apr 04, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: What is Financial Independence (FI) in the simplest terms?
Replies: 80
Views: 5533

Re: What is Financial Independence (FI) in the simplest terms?

For me, Financial Independence means that I have the option not have to work for money ever again . I think that once we are FI, it is likely that we may still do some sort of work. Maybe for a charity? Maybe because someone solicits our services? But if we are FI, then we can say no. If we are FI a...
by retiresoon222
Mon Dec 03, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 16205

Re: Retirement itch- when did you get it?

I got it when my sister was diagnosed (FOR THE SECOND TIME) with Cancer. Then an ex-colleague died suddenly. Then an old friend (not that old 46 or so) just got diagnosed with a brain tumor. I think all these things keep me thinking that I need to live each day like there is no tomorrow. In that the...
by retiresoon222
Thu Nov 29, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Restaurant Budget
Replies: 113
Views: 7331

Re: Restaurant Budget

Hi BHs, I started tracking my household expenses a year ago. And I was surprised to learn my spouse and I spend around $700/month at restaurants (eating out, getting drinks, ordering take out). I live in HCOL city. Is that a lot? Would you mind sharing your data and some additional info to give it ...
by retiresoon222
Wed Nov 28, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: List of costs that go away/decrease and increase/appear in retirement
Replies: 69
Views: 6079

Re: List of costs that go away/decrease and increase/appear in retirement

Travel and weddings are luxury items. Why would they be considered costs? Ding, Ding Ding! Winner!! I think that there is an issue as to how everyone defines costs . This is a key item to think about when planning. As I attempt to plan for my expenses in early retirement, I have my budgeted expense...
by retiresoon222
Thu Oct 18, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Isn't Paying off the mortgage early putting less money in your house (not more)?
Replies: 96
Views: 10164

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I'm really curious if anyone on here truly regrets paying off their mortgage. We paid off our mortgage and do not regret it. The day we paid a check for a couple hundred K, our net worth remained exactly the same. Assets (cash) went down, liabilities (mortgage) went down. Net worth UNCHANGED. Also,...
by retiresoon222
Tue Aug 07, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Milestones on the way to FI [Financial Independence]
Replies: 33
Views: 5054

Re: Milestones on the way to FI [Financial Independence]

I never really had a specific milestone until now. We passed the $1M Investable Assets point without really noticing We paid off the house - which was pretty cool! Now the real milestone is just getting to where we are FI (by our definition) which is elusive b/c we don't know our real spend. We are ...
by retiresoon222
Mon May 21, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 159
Views: 17198

Re: What big item (>20k) are you saving up for?

Saving is a misnomer for us, because we are always saving. We have no debt and we are adding to our retirement savings at a rapid rate. So any major purchases will just take a little (or a lot) out of the taxable account. We go between wanting a cabin in the mountains and an RV. Both would be a way ...
by retiresoon222
Thu May 17, 2018 12:13 pm
Forum: Personal Investments
Topic: Percent Confidence in Planning Scenario
Replies: 27
Views: 1621

Re: Percent Confidence in Planning Scenario

The simple answer is that a model is not a contract; it isn't even a promise. A model is an estimate and a theory that gives one some idea of what depends on what. This is useful for planning but does not make a model a plan. Probably the most useful thing to do with % success is to see at what val...
by retiresoon222
Wed May 16, 2018 4:42 pm
Forum: Personal Investments
Topic: Percent Confidence in Planning Scenario
Replies: 27
Views: 1621

Re: Percent Confidence in Planning Scenario

One of my "concerns" is that we end up working much longer than we "need" to (due to our conservative nature) and look back and say, why didn't we stop working sooner? I know that these are first world problems... I think that's a very legit concern. Thanks - you're not helping! :oops: Actually we ...
by retiresoon222
Wed May 16, 2018 4:17 pm
Forum: Personal Investments
Topic: Percent Confidence in Planning Scenario
Replies: 27
Views: 1621

Re: Percent Confidence in Planning Scenario

One of my "concerns" is that we end up working much longer than we "need" to (due to our conservative nature) and look back and say, why didn't we stop working sooner? I know that these are first world problems... I think that's a very legit concern. Thanks - you're not helping! :oops: Actually we ...
by retiresoon222
Wed May 16, 2018 3:31 pm
Forum: Personal Investments
Topic: Percent Confidence in Planning Scenario
Replies: 27
Views: 1621

Re: Percent Confidence in Planning Scenario

OP here. Thank you all for the responses. I can't say that you did not confirm what I already know. Being the planners and savers that we are, it is not surprising that we all put a great deal of thought into how we plan for the future. There are no guarantees! Best we can do is choose the "appropri...
by retiresoon222
Wed May 16, 2018 10:00 am
Forum: Personal Investments
Topic: Percent Confidence in Planning Scenario
Replies: 27
Views: 1621

Percent Confidence in Planning Scenario

For starters, I was not sure where to post this, so please advise if I'm in the wrong place. When running scenarios for a retirement plan in say Personal Capital or in a Monte Carlo simulation done at (gasp) a brokerage firm, what is good enough? For instance, in one scenario on Personal Capital, I ...
by retiresoon222
Tue Jan 30, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 6071

Re: Still working out of greed or fear?

Thanks all for the great responses and perspective. Certainly some of this resonates with me as well. It's interesting that so many of us are so fearful. As a scientist, I try to focus on the data. The data says we should actually be more optimistic about the future. The data shows the vast majorit...
by retiresoon222
Mon Jan 29, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Still working out of greed or fear?
Replies: 46
Views: 6071

Re: Still working out of greed or fear?

We are sill working out of fear AND greed. I think we have "enough" to RE. We are nearly $3M Net worth (excluding the house) $3.6M with the paid off house included. Both still employed and do not love our jobs. We feel that we need to keep working for the Health Insurance benefits. We have a early 2...
by retiresoon222
Tue Jan 16, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 11
Views: 745

Re: Term Life Insurance

Thanks!

Here's some more details regarding net worth and spending
(700k house paid off, 1.5m tax deferred, 1.2m taxable) ~90k annual spending
by retiresoon222
Tue Jan 16, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 11
Views: 745

Term Life Insurance

When does one decide that they no longer need term life insurance? Here's the basic scenario. Late forties dual income family House paid off No debt Kids nearly out of college (pre-funded) Net worth ~ 10x combined gross salary $800k policy costs about $90/mo (him) $500k policy costs about $40/mo (he...
by retiresoon222
Wed Mar 22, 2017 1:42 pm
Forum: Personal Investments
Topic: Investing lump sum
Replies: 2
Views: 448

Investing lump sum

Looking for advice regarding investing a lump sum (windfall). Scenario. Married 45-50 yrs old (dual income) Annual savings ~ $75k $1m Tax deferred savings $1.3m New cash balance (with windfall payment) $260k Joint taxable investments $230k Mortgage 3.6% (approx 700k value) Plan to FIRE in ~ 5 years ...