Search found 61 matches

by blahblahsunshine
Sun Oct 13, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Creating a Business to get Small Business Healthcare
Replies: 3
Views: 416

Creating a Business to get Small Business Healthcare

Hi I have been doing some research around healthcare today such as looking at the exchange in my state and its various options. Beyond that I decided to look into whether creating a small business for the purposes of accessing small business healthcare plans were of value. I haven't gone very far wi...
by blahblahsunshine
Tue Oct 08, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7084

Re: Psychologically adverse to start drawing down in retirement

We haven't hung up our spurs yet employment wise (will be doing so soon), but have been struggling with the mental issues of spending down. We are in our 50's so even more pronounced is the drumbeat of concern about time before SS being long and risk elevated etc. etc. We have landed on the idea we ...
by blahblahsunshine
Fri Oct 04, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: The Quandary of Tax Advice?
Replies: 8
Views: 879

Re: The Quandary of Tax Advice?

Do you prepare your tax return yourself? Have you read the IRS instructions or do you just click through tax prep software? Your answers to these questions will inform my next response. I file myself and have used online tax software, so seems like yes & yes. OK, since you click through tax prep so...
by blahblahsunshine
Fri Oct 04, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: The Quandary of Tax Advice?
Replies: 8
Views: 879

Re: The Quandary of Tax Advice?

My experience is that CPAs aren't very helpful with this. They are helpful with taxation management of complex businesses. I have spoken to several CPAs who come up with ideas not nearly as good as can be found on this forum. For ACA subsidies, I would recommend just playing around with tax softwar...
by blahblahsunshine
Fri Oct 04, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: The Quandary of Tax Advice?
Replies: 8
Views: 879

Re: The Quandary of Tax Advice?

livesoft wrote:
Fri Oct 04, 2019 3:42 pm
Do you prepare your tax return yourself? Have you read the IRS instructions or do you just click through tax prep software?

Your answers to these questions will inform my next response.
I file myself and have used online tax software, so seems like yes & yes.
by blahblahsunshine
Fri Oct 04, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: The Quandary of Tax Advice?
Replies: 8
Views: 879

The Quandary of Tax Advice?

We are nearing retirement (or at least a long term sabbatical) and are feeling good about our investments and math that goes along with them. That said we are in our early 50's so keenly aware of the healthcare situation among others; have done a bit of research here. One area where I would like mor...
by blahblahsunshine
Sun Aug 11, 2019 10:55 am
Forum: Personal Investments
Topic: Laid Off - Need Advice
Replies: 48
Views: 3689

Re: Laid Off - Need Advice

I wanted to clarify because my original post may not have been clear: asset breakdown: -$1M in a taxable account. Most of this is in interest bearing cash at ~2.2% PLUS ~$1M of assets in a retirement account. These are: -275K interest bearing cash at ~2.2% -365K in Fidelity Freedom Fund and JH Disc...
by blahblahsunshine
Sun Aug 11, 2019 9:11 am
Forum: Personal Investments
Topic: Personal Capital Question
Replies: 9
Views: 1421

Re: Personal Capital Question

Just a couple notes you can adjust the rate of inflation in PC for the retirment planner. Also, if you read the notes on how the retirement planner works you can see they also put in a 1% downward pressure measure into the model to account for where they assess the market to be currently. Worth read...
by blahblahsunshine
Sun Aug 11, 2019 9:05 am
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 18926

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

I agree with the poster above that writes it's depressing that I should want side hustles with a net worth of $6 million at 51. But working and making money is all I have ever known and it feels weird to just start living on investments. Maybe I will get used to it. I am about your age, still worki...
by blahblahsunshine
Sun Aug 11, 2019 8:38 am
Forum: Personal Investments
Topic: Laid Off - Need Advice
Replies: 48
Views: 3689

Re: Laid Off - Need Advice

1.6% fee is a huge drag on your rate of return. That plus the fund fees add up to taking around 60-70% of your long term return *think 20-30 year horizon". I'd point you to this John Oliver video. It is both funny (at least in my opinion) and also informative about advisor fees. https://www.youtube....
by blahblahsunshine
Sun Jul 28, 2019 10:31 am
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 18926

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

You can certinly retire. If you have any doubt you should go to the social security website, get your earnings record and then put them in the physician on fire SSA calculator spreadsheet and see what you have coming to you. I am coming up on 50 with an older partner and we both are entitled to >30K...
by blahblahsunshine
Sat Jul 20, 2019 8:52 am
Forum: Personal Investments
Topic: Gold?
Replies: 137
Views: 7727

Re: Gold?

Holding some gold seems reasonable to me if for no other reason than to add diversification. I do think there are some insights in Ray's paradigms letter relative to debt... I think 5-20% in GLD seems like a reasonable allocation to me. But then I guess I am someone who is less than dogmatic about a...
by blahblahsunshine
Sat Jul 20, 2019 8:31 am
Forum: Personal Investments
Topic: Portfolio Review Request
Replies: 16
Views: 1610

Re: Portfolio Review Request

Our situation is similar to yours. I think you can wrap things up earlier if you want. You have a lot of flexiblity already in terms of potential to make adjustments (i.e where you live and what you spend). That said, you also have what looks like a remarkable gravy train of income coming in so I ca...
by blahblahsunshine
Sat Jul 13, 2019 8:43 am
Forum: Personal Investments
Topic: Inheritance money - all in the market or slowly put in?
Replies: 16
Views: 2554

Re: Inheritance money - all in the market or slowly put in?

I would pay down the mortage with some, or all the monies. I would also recast or reamortize the remainging mortgage balance to a reduce your monthly spend. Being without a mortgage or with a very low outflow is a good place to be given where we are...at least that is my sentiment.
by blahblahsunshine
Sun Jul 07, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 10797

Re: The Day Has Come - Hit Retirement Number - Now What?

A counterpoint to the majority of what I have read in this thread. The "easiest" thing you can do is keep working. It is something you have been habituated to for 35 years. I came to this realization watching a friend metaphorially kill themselves working 100+ hours a week. They wore their commimen...
by blahblahsunshine
Sun Jul 07, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 10797

Re: The Day Has Come - Hit Retirement Number - Now What?

A counterpoint to the majority of what I have read in this thread. The "easiest" thing you can do is keep working. It is something you have been habituated to for 35 years. I came to this realization watching a friend metaphorially kill themselves working 100+ hours a week. They wore their commiment...
by blahblahsunshine
Sat Jun 29, 2019 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Did Retirement Spending go as You Planned?
Replies: 47
Views: 4971

Did Retirement Spending go as You Planned?

We are getting close to retiring and I am curious how the spending of others who have retired before us went. Our fail-safe model supports about 150% of our pre-retirment spend. For those who have gone before us did your retirement spending fall roughly in-line with your pre-retirement expectations ...
by blahblahsunshine
Mon Jun 24, 2019 11:42 am
Forum: Personal Investments
Topic: Retirement Ready?
Replies: 38
Views: 5133

Re: Retirement Ready?

I think you are pretty good to go on this. As the above poster says it is really important to understand your expenses since reducing a dollar of recurring expense tranlates into somewhere between 25-33 dollars you don't need to have in savings to service the outflow. I wouldn't be concerned about p...
by blahblahsunshine
Sun Jun 23, 2019 12:28 pm
Forum: Investing - Theory, News & General
Topic: Good times: 2008 vs Now
Replies: 145
Views: 15340

Re: Good times: 2008 vs Now

I was mid-career in 2008 and remember watching my savings be cut in half. Ironically I saw 2008 coming as I worked in the financials, but followed the tried and true - don't do market timing. At any rate, the time between 2008 and now have treated me very well; I was lucky. What I would observe is t...
by blahblahsunshine
Fri Apr 12, 2019 11:38 pm
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7752

Re: One-more-year - am I done or not?

Our situation is much like yours. I think you are solid to punch out. We too are a little worried, (or at least I am), that walking away is turning down easy, though painful :moneybag s. Just tonight the SO gave me permission to punch out after my next vesting. Will be interesting to see if I am abl...
by blahblahsunshine
Sun Mar 24, 2019 1:12 pm
Forum: Personal Investments
Topic: Kitces/Pfau rising equity glide path for early retirees with NQDC
Replies: 15
Views: 2114

Re: Kitces/Pfau rising equity glide path for early retirees with NQDC

Yeah that is my read on it. Generally speaking bonds in whatever tax deferred vechicle you have available to you. Do reconize that the assets you are trying to protect from the SRR are the ones you are looking to withdraw first however. In my case I actually blended by the low volitility bonds acros...
by blahblahsunshine
Thu Mar 14, 2019 11:01 pm
Forum: Personal Investments
Topic: I think I can retire. Help me with the confidence and a plan.
Replies: 29
Views: 5180

Re: I think I can retire. Help me with the confidence and a plan.

Our situation is very much like yours. We are having some of the same questions/fears about punching out. Couple thoughts: You likely are well situated re:social security and probably have something greater than 30K per year coming to you (maybe wife too?) at 70. You might examine your costs to see ...
by blahblahsunshine
Tue Mar 05, 2019 7:32 pm
Forum: Personal Investments
Topic: what is 'Rich, Broke or Dead?' calculator telling me?
Replies: 14
Views: 2609

Re: what is 'Rich, Broke or Dead?' calculator telling me?

I haven't seen this calculator before - I like the death part of it. Keeps things in context.
by blahblahsunshine
Tue Mar 05, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimates in Retirement
Replies: 15
Views: 1220

Re: Tax Estimates in Retirement

I am trying to figure out whether this "treat your retirement draw" as taxable income treatment gives a reasonable estimate of what the effective tax rate would be. Yes, I'd say it's a reasonable estimate. Probably wrong, as is likely the case with any simplified estimate, but I think you know that...
by blahblahsunshine
Tue Mar 05, 2019 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimates in Retirement
Replies: 15
Views: 1220

Re: Tax Estimates in Retirement

I am trying to figure out whether this "treat your retirement draw" as taxable income treatment gives a reasonable estimate of what the effective tax rate would be. Yes, I'd say it's a reasonable estimate. Probably wrong, as is likely the case with any simplified estimate, but I think you know that...
by blahblahsunshine
Tue Mar 05, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimates in Retirement
Replies: 15
Views: 1220

Re: Tax Estimates in Retirement

I am trying to figure out whether this "treat your retirement draw" as taxable income treatment gives a reasonable estimate of what the effective tax rate would be. Yes, I'd say it's a reasonable estimate. Probably wrong, as is likely the case with any simplified estimate, but I think you know that...
by blahblahsunshine
Tue Mar 05, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimates in Retirement
Replies: 15
Views: 1220

Re: Tax Estimates in Retirement

I have been doing some modeling around retirment spending and taxes associated with it. The ORP tool has been interesting to use and I have spent some quality time with it. The time spent with ORP has led me to simply look at my taxes in what I consider to be the most conservative light that also s...
by blahblahsunshine
Tue Mar 05, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimates in Retirement
Replies: 15
Views: 1220

Re: Tax Estimates in Retirement

In my case something around the 180K annual range which has a ~15% effective rate (marginal is 20.4%). Is this a fundimentally legit estimate of the high water mark we would be paying tax wise? Obviously predicting the future is pure speculation. Personally, I would consider your numbers above as t...
by blahblahsunshine
Tue Mar 05, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimates in Retirement
Replies: 15
Views: 1220

Re: Tax Estimates in Retirement

There are actually some widely varying marginal rates at income levels below what your are targeting as taxation of SS benefits phases in, but you are past that churn. I would keep in mind these potential taxation issues: 1. State income tax - even if you aren't subject to it currently, that might ...
by blahblahsunshine
Tue Mar 05, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Estimates in Retirement
Replies: 15
Views: 1220

Tax Estimates in Retirement

I have been doing some modeling around retirment spending and taxes associated with it. The ORP tool has been interesting to use and I have spent some quality time with it. The time spent with ORP has led me to simply look at my taxes in what I consider to be the most conservative light that also se...
by blahblahsunshine
Sat Feb 16, 2019 4:52 pm
Forum: Personal Investments
Topic: Early retirement savings withdrawal strategy check-up
Replies: 11
Views: 2288

Re: Early retirement savings withdrawal strategy check-up

Hi everyone, I would like to get some opinions on whether my thinking on how to fund my early retirement is correct. I'll front-load my questions just to get it out, and will lay out my situation below. Basically, for someone planning for what would effectively be an early retirement in the mid 40s...
by blahblahsunshine
Sat Jan 19, 2019 8:13 pm
Forum: Personal Investments
Topic: How to decide how to allocate next year's contributions and pros/cons
Replies: 22
Views: 1957

Re: How to decide how to allocate next year's contributions and pros/cons

My view is that we are increasingly likely to be seeing a downturn in the not too distant future. As a result reducing leverage is benneficial as it increases overall expense efficiency. I have been considering the mortgage pay down situation myself over the last couple years with a 30 year 3.375 r...
by blahblahsunshine
Sat Jan 19, 2019 2:51 pm
Forum: Personal Investments
Topic: How to decide how to allocate next year's contributions and pros/cons
Replies: 22
Views: 1957

Re: How to decide how to allocate next year's contributions and pros/cons

I'd consider paying down the mortgage... Can you share your rationale on that? That is what I was focused on, but it seems that gets the minority vote on this one. My view is that we are increasingly likely to be seeing a downturn in the not too distant future. As a result reducing leverage is benn...
by blahblahsunshine
Sun Jan 13, 2019 8:48 pm
Forum: Personal Investments
Topic: I know market timing is a fool's game but...
Replies: 59
Views: 5017

Re: I know market timing is a fool's game but...

I think you can re-shape, shift, or tilt your allocation in light of where you believe we are. For instance if you are a 60/40 guy and want to move over to 50/50 ro 40/60 to me it seems reasonable to make that shift. Debatable is whether that helps you in the long run, or whether you would have been...
by blahblahsunshine
Sun Jan 13, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3888

Re: Company relocating and not interested - next steps ?

I'd not move and wait for the severance. You said you were due for ~1 year severane and planned to work for less than four more. So the severance gets you a bit of the way home on that. I was employeed by a megacorp that was acquired and some people relocated, but less than 10% of them stayed there ...
by blahblahsunshine
Sat Jan 12, 2019 7:59 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on the role of Gold in your portfolio?
Replies: 103
Views: 6721

Re: Any thoughts on the role of Gold in your portfolio?

I did it; I am at about 5%. I figured that it was part of the fair weather portfolio and having 5% couldn't much hurt. When there is a change in the market who knows what people are going to gravitate to. Best to cover all the bases I say. Concentration is risky.
by blahblahsunshine
Sat Jan 12, 2019 7:10 pm
Forum: Personal Investments
Topic: Why isn't an AA of 75/25 with a SWR 3.75% the standard??
Replies: 64
Views: 8086

Re: Why isn't an AA of 75/25 with a SWR 3.75% the standard??

The exogenic tail risk scenerio is one that deserves some thought. There is some non-zero chance that some game changing event happens. Could be 1938 germany, could be an asteroid, plague, and early death, who knows. There are a couple ways you can think about something like this: 1) How do I positi...
by blahblahsunshine
Sat Jan 12, 2019 3:14 pm
Forum: Investing - Theory, News & General
Topic: Interesting FireCalc Results
Replies: 8
Views: 1846

Re: Interesting FireCalc Results

We know that going forward, this portfolio does not have a 100% chance of success, since the past will not repeat exactly. A Monte Carlo simulation may give more realistic success rates. Or not, depending on the specifics of the Monte Carlo simulation. Many of them do not adequately capture sequenc...
by blahblahsunshine
Sat Jan 05, 2019 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 15679

Re: Retirement itch- when did you get it?

I have memories of thinking about retirment as a kid. Back then thinking 38K a year was enough to get me free of work by my early 30's. Went though a lot of schooling and surfaced in the work world in my late 20's and did a tour in cloud valley. In earnest I got the itch 3-4 years ago when the math ...
by blahblahsunshine
Wed Jan 02, 2019 8:19 pm
Forum: Personal Investments
Topic: Return Rate for Modeling SWR in Retirement?
Replies: 4
Views: 335

Re: Return Rate for Modeling SWR in Retirement?

I'd use Firecalc as it takes the guessing out of the equation in the sense that it models what would have happened in the past. Using some average % return rate seems less than ideal. Generally, I'd use 3-5%, but that is just for quick back of the napkin thinking.
by blahblahsunshine
Sat Dec 29, 2018 3:25 pm
Forum: Investing - Theory, News & General
Topic: How Strategic is your Strategic Allocation?
Replies: 16
Views: 1178

Re: How Strategic is your Strategic Allocation?

Hi blahblahsunshine, Seems that you and I are possibly in similar situations. I’m 56 years old and could be forced into retirement at some point in semi near future. I was 80/20 or 70/30 about 2015 and over last few years have transitioned to 40% equities heavily tilted to SV/36% bonds/ 24% alterna...
by blahblahsunshine
Sat Dec 29, 2018 3:10 pm
Forum: Investing - Theory, News & General
Topic: How Strategic is your Strategic Allocation?
Replies: 16
Views: 1178

Re: How Strategic is your Strategic Allocation?

livesoft wrote:
Sat Dec 29, 2018 2:43 pm
blahblahsunshine wrote:
Sat Dec 29, 2018 2:03 pm
... Infact, just yesterday I think @livesoft linked to this guy https://www.bogleheads.org/wiki/Lazy_portfolios .
I do post a lot of links and forget about it, but I'm pretty sure that wasn't me. :)
Must have been @delamer then... :oops:
by blahblahsunshine
Sat Dec 29, 2018 2:03 pm
Forum: Investing - Theory, News & General
Topic: How Strategic is your Strategic Allocation?
Replies: 16
Views: 1178

How Strategic is your Strategic Allocation?

I have noticed a lot of discussion around what someone's Strategic Allocation (SA) is in many posts. Most often I hear someone talking about rebalancing to their SA periodically to get better long range returns. A question of frequency to rebalance often follows. Not surprisingly many people with ma...
by blahblahsunshine
Thu Dec 27, 2018 1:50 pm
Forum: Personal Investments
Topic: This is why you should not time the market
Replies: 38
Views: 6205

Re: This is why you should not time the market

Personally I have never liked this chart because as I understand it implies you sell the day before and buy the day after the big day which doesn't seems like a real world scenario to me. But there is nothing wrong with the basic message which as I understand it is you don't/can't know enough to co...
by blahblahsunshine
Thu Dec 27, 2018 10:42 am
Forum: Personal Investments
Topic: This is why you should not time the market
Replies: 38
Views: 6205

Re: This is why you should not time the market

The market is up 5% today. Weren’t headed to the abyss? Didn’t we have the biggest christmas eve sell off in history? A lot of people were talking about going cash, predicting more nose dives. And then today happened. Washington post calls it the biggest Dow point gain in history. Had you sold afte...
by blahblahsunshine
Sun Dec 02, 2018 6:56 pm
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 87
Views: 15167

Retired in your late 40s or early 50s?

I am getting close to changing things up and moving into the life that comes after I end my primary vocation. We spend a lot of time contemplating the math around retirement (and with good reason), but have noticed there is a conspicuous lack of discussion around the life after. I am in my late 40s ...
by blahblahsunshine
Sun Dec 02, 2018 5:50 pm
Forum: Non-US Investing
Topic: Portfolio advice
Replies: 9
Views: 1232

Re: Portfolio advice

At your age the amount you save is more important than how they are allocated. If I was 23 I'd have my investments 100% in equities (total market or S&P 500). Long road ahead of you.
by blahblahsunshine
Sun Dec 02, 2018 5:33 pm
Forum: Personal Investments
Topic: Asset Allocation during retirement and Safe Withdrawal Rates
Replies: 22
Views: 4878

Re: Asset Allocation during retirement and Safe Withdrawal Rates

Here is some analysis on glide paths that you might want to check out if you haven't. Found it very helpful to me. https://earlyretirementnow.com/2017/09/13/the-ultimate-guide-to-safe-withdrawal-rates-part-19-equity-glidepaths/ Also, I'd check out how Social Security might fit into your SWR if you h...
by blahblahsunshine
Sun Dec 02, 2018 5:23 pm
Forum: Personal Investments
Topic: Pay extra into mortgage or invest, considering Trump's tax plan ?
Replies: 29
Views: 2366

Re: Pay extra into mortgage or invest, considering Trump's tax plan ?

I was in a similar situation to yours re:interest rates and amounts. Over the last couple years I did some paydowns on the mortgage and just a week or so ago liquidated some S&P to cover all but the last 50K of the mortgage. I am closer to punching out than you so wanted to help de-risk the portfoli...