Search found 11 matches

by Bogletoon
Mon Feb 11, 2019 12:33 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2771

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

firecalc.com gives you a 90%+ chance of success based on my interpretation of the data you provided...I chose what I consider to be a very generous spending pattern over 30 years...you should learn this online tool yourself and make a judgement... http://i64.tinypic.com/2zefskz.jpg Thanks for going...
by Bogletoon
Sun Feb 10, 2019 10:48 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2771

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

Health Care Insurance: Me and my wife and kids will stay on my employer’s plan until I retire in a year from now. After that and until Medicare, all bets are off (Cobra? Obamacare? Private insurance?). Most larger companies are required to let you use COBRA coverage for 18 months, and a few states ...
by Bogletoon
Sun Feb 10, 2019 10:35 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2771

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

In theory: (3,600,000 X 0.04) + ((1500+500) X 12) + ((2000+1000) X 12) = 204,000 - wife should qualify for 1/2 of your Social Security - with 25% cash, the multiplier may be lower than 4% - investigate treaty with US and foreign county, as there may be Social Security offsets Thanks for your feedba...
by Bogletoon
Sun Feb 10, 2019 9:46 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2771

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

- My wife has never earned any income since we moved to the States so we assume she will not have any US SS (but perhaps a survival benefit from my US SS after I die?). Bogletoon, I do not think this statement is correct. As long as she is married to you for at least 10 years, she qualifies for hal...
by Bogletoon
Sun Feb 10, 2019 9:45 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2771

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

In theory: (3,600,000 X 0.04) + ((1500+500) X 12) + ((2000+1000) X 12) = 204,000 - wife should qualify for 1/2 of your Social Security - with 25% cash, the multiplier may be lower than 4% - investigate treaty with US and foreign county, as there may be Social Security offsets Thanks for your feedba...
by Bogletoon
Sun Feb 10, 2019 9:33 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2771

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

4. nearly 1M in cash, you may want to find ways to make better use of your cash such as high yield savings, CDs, treasury bills/notes, etc. A municipal bond fund like VWITX may be helpful Sorry: I meant to say: the nearly 1M in cash sits in a number of (FDIC) saving accounts like ALLY, etc. Thanks ...
by Bogletoon
Sun Feb 10, 2019 8:34 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2771

FIRE? Need second pair of Bogle-eyes for retirement plan

I am planning to retire in about 1 year (age 63) and until that date I have agreed with my employer that I can continue to work part time (allowing me to get used to more freedom, ease into retirement). I’ll be making about $80K in the coming year plus I’ll be receiving a bonus of $50K in July of th...
by Bogletoon
Mon Jan 14, 2019 10:55 pm
Forum: Personal Investments
Topic: Tapping into retirement savings question
Replies: 6
Views: 1247

Re: Tapping into retirement savings question

Thank you all for your insights! Much appreciated!
by Bogletoon
Mon Jan 14, 2019 4:07 pm
Forum: Personal Investments
Topic: Tapping into retirement savings question
Replies: 6
Views: 1247

Tapping into retirement savings question

Dear Bogleheads community, I intend to retire next year at 63. I understand that when retiring one can best tap into the following: pension and/or annuity first followed by dividends & interest from taxable accounts. When that is not sufficient to cover expenses I believe the next thing to tap would...
by Bogletoon
Sat Sep 01, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Medical liability claim settlement. What is fair?
Replies: 40
Views: 2781

Re: Medical liability claim settlement. What is fair?

Thank you all for your advice. Very much appreciated. As mentioned, we have been struggling greatly with the decision as to what is fair. We had initially decided to go for an even 50/50 split between us and our daughter and we told her so last night. Although she thanked us for it and there was no ...
by Bogletoon
Sat Sep 01, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Medical liability claim settlement. What is fair?
Replies: 40
Views: 2781

Medical liability claim settlement. What is fair?

We need your advice as to what is fair. Here is the case: We pay all cost for our children until they are out of college (including food, rent, tuition, car, gas, allowance, Sorority, insurance premiums, out of pocket cost for medical, etc). One of our children (21 years of age) tripped and fell ove...