Search found 16 matches

by labguy
Mon Nov 11, 2019 2:26 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 294
Views: 19759

Re: Will we be OK at 3% WR?

What's your opinion? Ages 54 and 52. Will 3% be OK going forward? Throw it all out there. I'd like to hear both sides. Currently living on interest and dividends, which is about 2.2% Are we sacrificing lifestyle enjoyment for paranoia, or a just a sense of safety? The interest portion of your divid...
by labguy
Wed Jul 24, 2019 4:09 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 19675

Re: Laid Off - Want to Retire / Am I OK

Even if I gross up your $145k by 20% to account for taxes you’d be at a 3% withdrawal rate on your 6m. I’d vote you’re golden!
by labguy
Sat Jun 01, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 40537

Re: For those who earn $500k+ per year. How'd you do that?

North of this threshold in Insurance / risk transfer, leadership position. Not crazy hours at all, almost always less than 50/week, that said it requires a lot of air travel, 30 short trips a year. Good trade off from a work/home life balance perspective but I’m burnt of the travel after 2m airline ...
by labguy
Tue Apr 30, 2019 2:48 pm
Forum: Personal Investments
Topic: Retirement on track, feedback appreciated . . .
Replies: 10
Views: 1422

Re: Retirement on track, feedback appreciated . . .

I’ve edited my original post, updated now. [/b]First time poster here, been lurking a good while, in fact I frequent this site daily and it's been a major force in me firing my advisor and simplifying my investments (all Vanguard). So thanks to all for the great community that gives input here! Wha...
by labguy
Sun Mar 17, 2019 10:23 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 23548

Re: How to realistically FIRE?

I don’t agree, 2.5% withdrawal rate is ultra conservative. If you manage things reasonably one should never have to dip below 3%. I don't necessarily disagree, but time horizon matters. 3% for someone who is 55-60 I think is pretty darn safe. 3% for someone who is 35, not as safe. At age 50, you co...
by labguy
Sun Mar 17, 2019 8:39 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 23548

Re: How to realistically FIRE?

I think the formula is really (# of years left to live ) * expenses. At age 50 I would want 40 * expenses. At 65, 25 * expenses works well. I've not seen this said before, but I think it's a very fair and reasonable way to look at it. I don’t agree, 2.5% withdrawal rate is ultra conservative. If yo...
by labguy
Thu Mar 14, 2019 9:02 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 23548

Re: How to realistically FIRE?

Sounds like you are either at 25x or are close. I have about 47x of annual expenses saved (in accounts of varying tax treatments) and I'm still afraid to pull the retirement ripcord. Also not counting SS nor potential inheritance. 55, single. I'll be paying close attention to this thread. I am just...
by labguy
Sun Feb 10, 2019 6:11 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 3109

Re: Leaving Advisor - Ethics Question?

Steve needs to really think this through a bit more, it’s very slippery. Man up and deal with this face to face and tell the advisor his reasons for leaving. Anything short of that is disingenuous, and surely don’t put the advisor through more work since he is firing him. That said, no reason not to...
by labguy
Mon Jul 24, 2017 9:25 am
Forum: Personal Investments
Topic: Pension buyout option
Replies: 11
Views: 1277

Re: Pension buyout option

welderwannabe wrote:How secure is the company/organization issuing the pension? That should factor in I would think. For example, if it was a pension issued by the territory of Puerto Rico I would consider taking the cash and running.
Fortune 500 company.
by labguy
Mon Jul 24, 2017 9:10 am
Forum: Personal Investments
Topic: Pension buyout option
Replies: 11
Views: 1277

Re: Pension buyout option

Really need a little assistance evaluating a lump sum offer that I received from a previous employer, thanks in advance for your help! Lump Sum: 29,216.84 Comparing this to the projected single life annuity which pays $420.60 at age 65. Non cola My current age is 49 Take the money and roll to an IR...
by labguy
Sun Jul 23, 2017 6:59 pm
Forum: Personal Investments
Topic: Pension buyout option
Replies: 11
Views: 1277

Re: Pension buyout option

Good information. I think I do need about an 8%+ return over 16 years to take the lump sum. Thinking I like the diversification play as well so I think I will decline unless others say I'm missing something. Obviously if we all knew our end date these decisions would be much easier!
by labguy
Sun Jul 23, 2017 5:39 pm
Forum: Personal Investments
Topic: Pension buyout option
Replies: 11
Views: 1277

Pension buyout option

Really need a little assistance evaluating a lump sum offer that I received from a previous employer, thanks in advance for your help! Lump Sum: 29,216.84 Comparing this to the projected single life annuity which pays $420.60 at age 65. Non cola My current age is 49 Take the money and roll to an IRA...
by labguy
Thu Jul 13, 2017 10:17 pm
Forum: Personal Investments
Topic: Retirement on track, feedback appreciated . . .
Replies: 10
Views: 1422

Re: Retirement on track, feedback appreciated . . .

Actually I also have some dollars in the immediate term along with the limited term, but appreciate the guidance. My fed tax level is 35. Retirement is hopefully no later than 1/1/21, so 52 years old so healthcare is contemplated which is why I think I need $12k / month. No other 401k option, but th...
by labguy
Thu Jul 13, 2017 5:10 pm
Forum: Personal Investments
Topic: Retirement on track, feedback appreciated . . .
Replies: 10
Views: 1422

Re: Retirement on track, feedback appreciated . . .

Good stuff, keep it coming!

Taxable funds are as follows:

VTSAX: 50%
VTIAX: 15%
VMLUX: 35%

Similar mix on 401k dollars as well. Perhaps a little aggressive but between cash in taxable and in trust I'm still 25% cash overall.

I don't need a homerun on returns, just singles at this point.
by labguy
Thu Jul 13, 2017 11:10 am
Forum: Personal Investments
Topic: Retirement on track, feedback appreciated . . .
Replies: 10
Views: 1422

Retirement on track, feedback appreciated . . .

First time poster here, been lurking a good while, in fact I frequent this site daily and it's been a major force in me firing my advisor and simplifying my investments (all Vanguard). So thanks to all for the great community that gives input here! What I'd like people's thoughts on is my retirement...