Search found 95 matches

by blahblahsunshine
Sat May 23, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 246
Views: 15113

Re: The axe falls and I am prepared. What's next?

Sorry to hear your are getting laid off. As to returning to work, I think it really comes down to what you want to do with your time. As so many have pointed out your numbers are workable. I don't know the demographics and geography of your reality so I don't know how much sense it makes trying to r...
by blahblahsunshine
Sun Apr 26, 2020 9:37 pm
Forum: Personal Investments
Topic: Early retirees who were close - how are you adjusting
Replies: 45
Views: 6129

Re: Early retirees who were close - how are you adjusting

We are early 50's and have been planning to punch out this June for the last couple years. We are still planning to be done in the next couple months. Looking forward to a change of life. :)

I think we are at about 40-50x living expenses.
by blahblahsunshine
Sat Mar 21, 2020 8:21 am
Forum: Personal Investments
Topic: V-shaped recession?
Replies: 16
Views: 1130

Re: V-shaped recession?

I think this will be a long drawn out process...that hopfully stops short of being what the late 80's onward was to Japan.
by blahblahsunshine
Sun Mar 15, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retire now?
Replies: 20
Views: 2432

Re: Retire now?

I'd do it for sure. I am about 15 years your junior and still tracking to punching out this June... No guarantees in life. Do what you want for a change.
by blahblahsunshine
Sun Feb 23, 2020 11:53 am
Forum: Personal Investments
Topic: Please help me manage ~5M portfolio
Replies: 27
Views: 3428

Re: Please help me manage ~5M portfolio

I think your allocation is reasonable. Our situation is much like yours and we are allocated in a similar way. At this stage of the cycle I think diversification is particularly important as there really is no telling where things are going. At this point especially in light of your 5M basis I would...
by blahblahsunshine
Mon Feb 17, 2020 1:35 pm
Forum: Investing - Theory, News & General
Topic: 50 years of interest rates in 16 countries
Replies: 35
Views: 3159

Re: 50 years of interest rates in 16 countries

Seems to me that the convergence on 0% will inevitably result in inflation. The implication being you are going to want access to stores of wealth not backed by the stabilyt of existing reserve currencies...or if they are they should at least be real assets.
by blahblahsunshine
Sun Feb 16, 2020 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Financial/career and life advice requested
Replies: 34
Views: 3473

Re: Financial/career and life advice requested

I'd spend some quality time looking at your expenses. You might find that there are some very minor changes you can make that add up to a significant reduction in what you spend and thereby the amount of money you need in savings. We went through the exercise earlier this year and pulled out 30K or ...
by blahblahsunshine
Tue Feb 11, 2020 11:07 pm
Forum: Investing - Theory, News & General
Topic: Anybody buying gold?
Replies: 112
Views: 5106

Re: Anybody buying gold?

We have ~10% in gld. It is just another asset class...one more form of diversification...which in this bizzaro world seems like a good thing.
by blahblahsunshine
Sun Jan 26, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications & large cash gift for down payment?
Replies: 111
Views: 3051

Re: Tax implications & large cash gift for down payment?

It might be worth reviewing the laws around parental gifting. I believe so long as the gift is recorded it can go against your lifetime cap and also reduce the impact of the settled estate down the road. I would also be concerned about what the implication on you is based on the gift...but if there ...
by blahblahsunshine
Sat Jan 18, 2020 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Your Retirement Paycheck?
Replies: 8
Views: 1075

Re: Setting up Your Retirement Paycheck?

We are just getting primed to pull the plug ourselves. Our approach is to maintain a decent sized cash that we use to pay our living expenses beyond what the dividendends pay out. This should help us control our income which is important since we are still a ways from medicare.
by blahblahsunshine
Sat Jan 18, 2020 9:47 am
Forum: Personal Investments
Topic: Should I leave this crappy old job and retire?
Replies: 32
Views: 3287

Re: Should I leave this crappy old job and retire?

Maybe have a look at this as a starting point to understanding where you are? If your expenses are 33K annually it looks like the math might work. https://www.portfoliovisualizer.com/financial-goals?s=y&stages=1&careerYears=20&mode=1&initialAmount=1000000&years=40&simulationModel=1&timeSeries=1&hist...
by blahblahsunshine
Sat Jan 18, 2020 9:26 am
Forum: Personal Investments
Topic: Should I leave this crappy old job and retire?
Replies: 32
Views: 3287

Re: Should I leave this crappy old job and retire?

Howdy - what is your mortgage balance?
by blahblahsunshine
Sat Jan 11, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 143
Views: 11176

Re: How is your "number" defined?

I have scanned all of the responses, looking in vain for a cogent description that I could show my wife of how to define the number that is enough. I felt we had that number (i.e., enough) some years ago. Oh well, foiled again, and I have to fall back on my wife's number: 20% more than we have toda...
by blahblahsunshine
Sat Jan 11, 2020 10:30 am
Forum: Investing - Theory, News & General
Topic: In my opinion, Best Overall Retirement Article
Replies: 95
Views: 11138

Re: In my opinion, Best Overall Retirement Article

It is uplifting to read some of these comments where people who love their job are highlighted. For me it serves as a reminder that these people do exist and hopefully they are genuinely happy. My world has many people who are not happy with work - they are frustrated, fearful or just plain disengag...
by blahblahsunshine
Sat Jan 11, 2020 9:56 am
Forum: Personal Investments
Topic: Pulling the Retirement Plug - SORR & Post Retirement Portfolio?
Replies: 7
Views: 892

Re: Pulling the Retirement Plug - SORR & Post Retirement Portfolio?

Seems like you have more to lose that to gain at this point so erring on the side of conservatism seems reasonable to me. And where you are at fits that bill. I also agree in the long term this probably isn't where you want to be allocation wise. You might look at: https://earlyretirementnow.com/201...
by blahblahsunshine
Mon Jan 06, 2020 10:57 pm
Forum: Personal Investments
Topic: Can I retire (early)?
Replies: 49
Views: 6006

Re: Can I retire (early)?

You are good to go! :sharebeer
by blahblahsunshine
Sun Jan 05, 2020 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Withdrawl Rates Based on CAPE
Replies: 34
Views: 2387

Re: Withdrawl Rates Based on CAPE

For those wanting more information on CAPE based withdrawl rates this article: https://earlyretirementnow.com/2017/03/ ... -criteria/

Found the above very useful and compares the VPW work done here as well.
by blahblahsunshine
Sat Jan 04, 2020 8:12 pm
Forum: Personal Investments
Topic: Nearing Retirement - Portfolio Review Request
Replies: 4
Views: 788

Re: Nearing Retirement - Portfolio Review Request

Maybe spend some time looking at the different allocations historcial behaviors at portfolio virtualizer to get a sense for your appetite re:risk/reward? Once you have landed on what level/type of diversification you are looking for the rest is really just plumbing in terms of moving money around in...
by blahblahsunshine
Sat Jan 04, 2020 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: For those who got out of tech industry (voluntarily or involuntarily)..
Replies: 109
Views: 8767

Re: For those who got out of tech industry (voluntarily or involuntarily)..

The thing that is striking to me about this thread is the number of folks still at it after so many years. I started the game in earnest in 97 and am in the process of punching out now. We have done well financially so the math works. But over the last few years I have become really disillusioned by...
by blahblahsunshine
Sat Jan 04, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Met my number. Now what?
Replies: 46
Views: 9819

Re: Met my number. Now what?

Seems like your life goal has been making your number for quite a while. And now that you have made your number you are asking what is next and to a lesser extent what might give your life purpose, or something in the vein. Noticed some people are suggesting purchase something like a home, car etc.,...
by blahblahsunshine
Sat Jan 04, 2020 10:25 am
Forum: Personal Investments
Topic: Critique my portfolio (First posting here!)
Replies: 12
Views: 898

Re: Critique my portfolio (First posting here!)

From outward appearances what you have seems reasonable to me and in the category of good.
by blahblahsunshine
Wed Jan 01, 2020 1:54 pm
Forum: Personal Investments
Topic: Roth IRA - so who hit 'enter' at 12:01AM this morning?
Replies: 113
Views: 10849

Re: Roth IRA - so who hit 'enter' at 12:01AM this morning?

OP, Not buying until I have earned income of 6K in 2020. KlangFool Is this because your income is variable (abundance of caution) or is there an actual rule saying the income has to come in before the contribution? aednichols, I need to make sure that I am not laid off before I contribute to Roth I...
by blahblahsunshine
Wed Jan 01, 2020 1:32 pm
Forum: Personal Investments
Topic: Roth IRA - so who hit 'enter' at 12:01AM this morning?
Replies: 113
Views: 10849

Re: Roth IRA - so who hit 'enter' at 12:01AM this morning?

OK, you made me do it. I added to a Roth IRA just now and the money will be available before the market opens tomorrow, so that I can buy at the opening cross and get the entire day's loss if that happens. My cash comes from dividends paid yesterday. Hi Livesoft question/comment - so you can use di...
by blahblahsunshine
Wed Jan 01, 2020 1:24 pm
Forum: Personal Investments
Topic: Can I retire? Lessons learned end of first calendar year. Etc
Replies: 3
Views: 968

Re: Can I retire? Lessons learned end of first calendar year. Etc

Thank you for sharing. We are just getting ready to punch out in the next couple months ourselves. Would love to hear the lessons learned from more of the recently retired! :beer
by blahblahsunshine
Thu Dec 26, 2019 2:38 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 177
Views: 20621

Re: Roll Call for the Retirement Class of 2020!

June 1st 2020 or earlier depending on how things go. Age 49 regardless.
by blahblahsunshine
Sat Dec 21, 2019 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone start saving late and still retire early?
Replies: 61
Views: 5631

Re: Anyone start saving late and still retire early?

We are going to do it here in the near term (right at 50). I was just barely out of school by 30 so didn't have any 401ks to speak of until after that. For us, it was really a matter of a lucky draw in terms of schooling and opportunity (tech) and having the disposition to save a lot of our income. ...
by blahblahsunshine
Sat Dec 07, 2019 4:00 pm
Forum: Personal Investments
Topic: All munis for fixed income allocation in early retirement for roth conversion?
Replies: 42
Views: 1433

Re: All munis for fixed income allocation in early retirement for roth conversion?

Dear Bogleheads, As I worked out the numbers for my planning, I came to a conclusion that is counter to much advice on this board about the allocation of bonds and munis, in particular. About me: I’m 45 and live in California with my wife of the same age and two kids 10 and 6. We have a comfortable...
by blahblahsunshine
Fri Dec 06, 2019 12:40 pm
Forum: Personal Investments
Topic: Portfolio Review Request
Replies: 4
Views: 697

Re: Portfolio Review Request

I would be tempted to sell the rental and take the 300K and put that toward the primary mortgage (either reamortizing it or refinancing it). If you reamortize the loan your monthly payments would be cut down by quite a bit allowing you to pay ahead on the mortgage in good times (by paying whatever y...
by blahblahsunshine
Sat Nov 16, 2019 12:21 pm
Forum: Personal Investments
Topic: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?
Replies: 25
Views: 2920

Re: What is YOUR formula in determining whether you're FI? And what did you do after you reach FI?

I rely more on financial calculators than ratios. But that said, we are at a place where 3.25% seems like a reasonably sustainable rate (~30x). We are early 50s with hopefully good SSA benefits at age 70.
by blahblahsunshine
Sun Oct 27, 2019 10:45 am
Forum: Personal Investments
Topic: Retire at 50(ish) possible?
Replies: 38
Views: 6224

Re: Retire at 50(ish) possible?

Under “no circumstances” (OK, there are always outliers) should someone relatively young consider retiring with a small portfolio, when there is the option of working 5 or 10 more years to create a more robust portfolio. This is especially the case because a 45-year-old who has always worked, and h...
by blahblahsunshine
Fri Oct 25, 2019 11:05 pm
Forum: Personal Investments
Topic: All Weather Portfolio with TSP
Replies: 9
Views: 1522

Re: All Weather Portfolio with TSP

I used tlt for the long treasuries portion and ief for the intermediate ones. Here is a pretty decent overview: https://www.iwillteachyoutoberich.com/blog/all-weather-portfolio/ This link has a illustrative graphic that shows how the various holdings should interoperate: https://www.listenmoneymatte...
by blahblahsunshine
Fri Oct 25, 2019 7:54 am
Forum: Personal Investments
Topic: Retired and requesting review on debt payoff options
Replies: 7
Views: 694

Re: Retired and requesting review on debt payoff options

I am with Watty on selling the vacation home directly and using the cash to pay off the primary mortgage. Do you have taxable assets not metioned that you are living on (beyond wifes income) currently until drawing on the 401K and/or social security?
by blahblahsunshine
Sat Oct 19, 2019 10:10 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 10362

Re: Retiring and Getting Over The Fear of Quitting?

We haven't retired but are getting close. I am unnerved by the prospect of unplugging though the math indicates we are good to go. One dimension I have been dwelling on over the last couple years is how big my financial risk is compared to early death. If you look at your cumulative chances of deat...
by blahblahsunshine
Fri Oct 18, 2019 11:44 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 10362

Re: Retiring and Getting Over The Fear of Quitting?

We haven't retired but are getting close. I am unnerved by the prospect of unplugging though the math indicates we are good to go. One dimension I have been dwelling on over the last couple years is how big my financial risk is compared to early death. If you look at your cumulative chances of death...
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: 504

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: 82
Views: 8773

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: 1009

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: 1009

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: 1009

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: 1009

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: 3947

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: 1513

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: 20454

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: 3947

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: 20454

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: 8935

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: 1768

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: 2814

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: 11853

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: 11853

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...