Search found 11 matches

by WyomingFIRE
Fri Oct 12, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success
Replies: 19
Views: 1802

Re: Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success

Dandy wrote:
Fri Oct 12, 2018 8:06 am
85% equity allocation in retirement is quite aggressive.
Thank you very much.

I'm ten years away from retirement.

And your point is still valid. I think we're too aggressive. Still, the retirement calculator outcome seems peculiar.
by WyomingFIRE
Fri Oct 12, 2018 7:46 am
Forum: Investing - Theory, News & General
Topic: Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success
Replies: 19
Views: 1802

Unfortunate Near Real-Time Test of Sequence of Returns Risk v Probability of Retirement Success

Curious if the following sounds right to everybody: So our NW ($3.5M) dropped about $140K the past 48 hours. AA is about 85% equities/12% bonds/2% RE (our home)/1% cash. Last week, the Personal Capital retirement planner had our probability of success at 93%. This morning, it is down to 90%. That se...
by WyomingFIRE
Thu Oct 11, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 5297

Re: Pls help us design our family life!!!

This is the OP. Thanks for all the responses so far. They are very helpful with objectivity lenses on. - with nanny cost and some commute expense gone, we might get 2.5k/month back. I feel as though 2.5k + DH’s salary + my part time salary should still cover us month over month with little to no cu...
by WyomingFIRE
Wed Oct 10, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 5297

Re: Pls help us design our family life!!!

- At this point, we are not contributing to 401K, 457 etc. DH is contributing to his pension only. Quick additional comment on the above: The general rule of thumb is to pay yourself first -- i.e., max out retirement-focused accounts in a thoughtful, tax-efficient manner. Then all other expenses fo...
by WyomingFIRE
Wed Oct 10, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 5297

Re: Pls help us design our family life!!!

First, welcome. It is great that you are contributing. Here are my initial thoughts; take them with a grain of salt. I'm operating on the assumption that you are at the beginning of your journey. If I am wrong, I have misunderstood so forgive me. 1. Background Reading . I'd read a good, basic book o...
by WyomingFIRE
Mon Oct 08, 2018 7:56 pm
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 295
Views: 19131

Re: Talk me out of buying a Tesla Model 3

I'll play. I'd look at it from the opportunity cost perspective. For $75K, for example, you could purchase 47% of a parcel* with access to one of the greatest fly fishing rivers in the Lower 48, and less than an hour away from the Miracle Mile: https://www.landleader.com/land-for-sale/north-platte-4...
by WyomingFIRE
Sun Oct 07, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used software to write a Will?
Replies: 15
Views: 1316

Re: Has anyone used software to write a Will?

Hi all, A recent death in the family has made me want to get serious about writing a will to provide for my family and kids. I'm in my mid-30s, so hopefully it won't be needed for a while (!), but if something tragic happened to both my wife and I, for instance, I'd want to have preparations made f...
by WyomingFIRE
Sun Oct 07, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement health insurance from employer
Replies: 9
Views: 1103

Re: Early retirement health insurance from employer

I'm not in your cohort -- i.e., an early retiree who depends on a private employer for benefits, including health insurance (HI). We are some distance away from age 65, however, so are acutely aware of the rising costs of ACA premiums for two people sans children. Based on the latter, your potential...
by WyomingFIRE
Sat Oct 06, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Concerns of buying a home...what would you do?
Replies: 23
Views: 2140

Re: Concerns of buying a home...what would you do?

This will also be preaching to the choir here, but I would also read "The Millionaire Next Door." It echoes well-known but not always practiced themes about real estate purchases (including schools, per the prior poster). I'm 90% of the way through "The Next Millionaire Next Door." It basically conc...
by WyomingFIRE
Sat Oct 06, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Concerns of buying a home...what would you do?
Replies: 23
Views: 2140

Re: Concerns of buying a home...what would you do?

You mention crack houses, undoubtedly facetiously and with good reason. I would buy a crack house -- literally. Unless it is in a really unsafe neighborhood, of course. Stated more broadly, buy the worst house on the best street. Everything about housing is anecdotal, of course, but the best investm...
by WyomingFIRE
Wed Oct 03, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 80
Views: 5488

Re: Need Health Insurance (Non-ACA Options)

Not an expert in insurance, so forgive these ignorant questions: (1) What is a "short term" plan? Who offers them? Are there examples? (I'm aware of the ACA, of course, and the faith-based alternatives.) (2) I wasn't aware that "brokers" existed who offer assistance on health insurance matters. How ...