Search found 26 matches

by 1moreyr
Wed Jan 20, 2021 7:27 pm
Forum: Investing - Theory, News & General
Topic: How is your "number" defined?
Replies: 179
Views: 16015

Re: How is your "number" defined?

My number seems to alway be $100K more than i have. LOL

i hit the FI point a while ago but still worry about pulling the trigger....
by 1moreyr
Tue Jun 30, 2020 2:18 pm
Forum: Personal Consumer Issues
Topic: At what point can you justify a $10k+ flight?
Replies: 75
Views: 4746

Re: At what point can you justify a $10k+ flight?

I can justify a 10K flight when someone else is paying :D Actually, flights to Asia were always Business class with my Megacorp, not sure what i would do if I had to fly coach.. it's like a stay cation usually. i think by changing airports and flying out of different locations you could probably red...
by 1moreyr
Tue Jun 30, 2020 12:31 pm
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 5149

Re: I am ready to pull the plug! am I ready ?

Wanderingwheelz wrote: Tue Jun 30, 2020 8:07 am These are my favorite posts on Bogleheads because these folks who are way over prepared for retirement are just like me. Lol

I’m 49 and will always feel like I’m two days from going broke.
and I am still afraid to leave ! LOL :oops:
by 1moreyr
Tue Jun 30, 2020 5:41 am
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 5149

Re: I am ready to pull the plug! am I ready ?

Pension/ deferred compensation ; $75,000 gross for the next 5 years after retirement. 2025 and beyond $72,000 - Pension $26800 My SS $ 25800/ year , Spouse SS -$20,000/year (we may delay this as i will be only 62, spouse will be 65) Will you receive $75,000 per year for the next 5 years and $72,000...
by 1moreyr
Tue Jun 30, 2020 5:30 am
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 5149

Re: I am ready to pull the plug! am I ready ?

Unless one of you have health issues, I would work few more years in your situation. yes, please do!! i am curious what you see as a concern as that is why i posted. do you think there isn't enough money or i am too young? You are only 57. And I you are hoping to live till 90+, that is a lot of yea...
by 1moreyr
Mon Jun 29, 2020 5:10 am
Forum: Personal Investments
Topic: What to do with Home Equity
Replies: 52
Views: 3311

Re: What to do with Home Equity

Bio ... me age 53 ... wife age 53 ... sold business 2 years ago ... 2 children (one 24 and off the payroll (thank God) ... other 19 in college paying full retail for tuition etc) both scaled back working 2 years ago ... downsized our life/expenses accordingly to regain some peace ... will take occa...
by 1moreyr
Mon Jun 29, 2020 5:04 am
Forum: Personal Investments
Topic: What to do with Home Equity
Replies: 52
Views: 3311

Re: What to do with Home Equity

My dad retired in 2000 at 58 years old. He had $1M in savings and a pension of $16,000. he said he spent very little beyond the pension until he got social security in 2004. I asked him how in the world did he live on $16K a year? He said, "its amazing how little you need when you own your home...
by 1moreyr
Mon Jun 29, 2020 4:50 am
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 5149

Re: I am ready to pull the plug! am I ready ?

Unless one of you have health issues, I would work few more years in your situation. yes, please do!! i am curious what you see as a concern as that is why i posted. do you think there isn't enough money or i am too young? You are only 57. And I you are hoping to live till 90+, that is a lot of yea...
by 1moreyr
Sun Jun 28, 2020 12:39 pm
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 5149

Re: I am ready to pull the plug! am I ready ?

novemberrain wrote: Sun Jun 28, 2020 12:14 pm Unless one of you have health issues, I would work few more years in your situation.
yes, please do!! i am curious what you see as a concern as that is why i posted. do you think there isn't enough money or i am too young?
by 1moreyr
Sun Jun 28, 2020 11:04 am
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 5149

Re: I am ready to pull the plug! am I ready ?

One thing to remember about Firecalc and other planners like that is that "failure" does not mean that you keep spending mindlessly until you are broke and homeless, failure just means that you might need to do something like cut your spending by 10% years from now if your portfolio drops...
by 1moreyr
Sun Jun 28, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Independant contract offer, what am I missing?
Replies: 21
Views: 1609

Re: Independant contract offer, what am I missing?

). Note that, due to the way that firecalc does things, it doesn't do well for extra-long time periods. The US just hasn't had very many independent 45 year historical periods to draw from. You might also consider running a 30 year, and then taking the lowest end result as the start point for anoth...
by 1moreyr
Sun Jun 28, 2020 8:03 am
Forum: Personal Investments
Topic: I am ready to pull the plug! am I ready ?
Replies: 27
Views: 5149

I am ready to pull the plug! am I ready ?

i just posted a career change and got good feedback. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=318748&p=5338668#p5338668 i am planning to work one more year for a different firm and maybe turn it into part time gig (link above). Below are my current assets and needs. The other pos...
by 1moreyr
Sat Jun 27, 2020 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Independant contract offer, what am I missing?
Replies: 21
Views: 1609

Re: Independant contract offer, what am I missing?

, but sounds like your situation will be all the hours you want and little unpaid time selling work. yes, that is correct, i believe i could actually retire without this based on my assets. maybe i will start a second post on that. This is a full time gig, i hope to turn to part time in the second ...
by 1moreyr
Sat Jun 27, 2020 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Independant contract offer, what am I missing?
Replies: 21
Views: 1609

Re: 1099 is good

24 years experience as a 1099 to many (80+) companies. 1. Your medical insurance is a deductible expense. 2. Your hourly rate should be 2-3x your W-2 rate. 3. You need to provide them with a W-9. 4. Don't sweat the contract language. If they are going not pay you, they are going to not pay you. I h...
by 1moreyr
Sat Jun 27, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Independant contract offer, what am I missing?
Replies: 21
Views: 1609

Re: Independant contract offer, what am I missing?

Just make sure you are truly an IC and not a full time job without benefits. For example, in your post you refer to an "employment contract." If this is not on the level you could both be in for a headache. Thanks, to all!! I used the words employment contract, i believe he used the word ...
by 1moreyr
Sat Jun 27, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Independant contract offer, what am I missing?
Replies: 21
Views: 1609

Independant contract offer, what am I missing?

I am waiting for an offer of a job as a 1099 worker (i.e. independant contractor). I have 30 years with megacorp and i have had enough. . I will cash out and "retire" from that job and start this new one. This will include a life time pension (no inflation) and payment of deferred comp tha...
by 1moreyr
Wed Jun 10, 2020 5:40 am
Forum: Personal Investments
Topic: Is my thinking out of line with NOT funding a 529?
Replies: 41
Views: 3141

Re: Is my thinking out of line with NOT funding a 529?

I had read an article in Forbes 20 years go. it talked about putting money in college bound funds for a child. You didn't know if the kid would go to college, have issues that precluded college (drugs, crime, no interest) and end up with a massive amount of money that could either be taken out with ...
by 1moreyr
Fri May 29, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: FL Snowbirds with Second Homes - Give Me Pros/Cons of Owning Our Own vs Renting Seasonal
Replies: 80
Views: 8358

Re: FL Snowbirds with Second Homes - Give Me Pros/Cons of Owning Our Own vs Renting Seasonal

I had a mountain condo 90 minutes from my home. I owned it for probably 8 years. it was convenient and i used it for skiiing all winter and hiking all summer. Although I got more use than i would ever get from a place in florida 1000 miles away, i would never own 2 homes again. The upkeep the guilt ...
by 1moreyr
Mon May 25, 2020 6:02 pm
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 6012

Re: At what moment does retirement begin?

I am mentally retired but i am still going to work :D
by 1moreyr
Mon May 25, 2020 5:58 pm
Forum: Personal Consumer Issues
Topic: New Vehicle: Forester or Rav4 for boglehead couple
Replies: 88
Views: 6056

Re: New Vehicle: Forester or Rav4 for boglehead couple

I am on my 6th Subaru. i have passed on 3 of them to my kids. reliability has been outstanding to 200K. Head gaskets can be a problem but I have never replaced one. I had a small leak but never bad enough to worry about. Subarus hold their value so well, I have never bought a used one. It just never...
by 1moreyr
Thu May 21, 2020 5:31 am
Forum: Personal Investments
Topic: How do I count a cash benefit pension in my AA?
Replies: 6
Views: 504

Re: How do I count a cash benefit pension in my AA?

Thanks a lot to all,

this was very helpful
by 1moreyr
Sun Apr 19, 2020 12:24 pm
Forum: Personal Investments
Topic: My Investment Plan - Critique it
Replies: 16
Views: 877

Re: My Investment Plan - Critique it

Are all these in a 401k? then i agree with the others. consolidate and simplify. Are some of these in taxable accounts you started? I would look at gains and read up on tax loss harvesting. I am not saying let taxes wag the dog but at least know what you are doing before consolidating and picking up...
by 1moreyr
Sun Apr 19, 2020 12:03 pm
Forum: Personal Investments
Topic: How do I count a cash benefit pension in my AA?
Replies: 6
Views: 504

Re: How do I count a cash benefit pension in my AA?

makes sense, been doing it wrong all these years...LOL .. well it made me carry more stocks since 2013 than I would have been comfortable with. if you can' t be smart, at least be lucky i guess i could argue until i made the decision i was going to annuitize it, i may have been correct in my thinkin...
by 1moreyr
Sun Apr 19, 2020 8:10 am
Forum: Personal Investments
Topic: How do I count a cash benefit pension in my AA?
Replies: 6
Views: 504

How do I count a cash benefit pension in my AA?

Hello, Long time lurker, new poster. Lots of great thoughts here and i am struggling with this one. let me put it in perspective 56 years old , Married , I am planning on retiring in the next 12-18 months. As I get closer , i will ask for a portfolio review as re assurance but not the current though...
by 1moreyr
Mon Jan 13, 2020 5:39 am
Forum: Personal Investments
Topic: Early retirement without taxable assets?
Replies: 14
Views: 2115

Re: Early retirement without taxable assets?

Short of a career change, I do not expect a significant increase in compensation unless I get a graduate degree or take on substantially more responsibility. It may change in the future, but I am not pursuing these right now. Also, we are expecting a little one any day now. So expenses will climb a...
by 1moreyr
Sun Jan 12, 2020 7:18 pm
Forum: Personal Investments
Topic: Early retirement without taxable assets?
Replies: 14
Views: 2115

Re: Early retirement without taxable assets?

Do you expect to not get another raise or spend all future increases? if you have maxed out the 401k/IRA route, next step is to start a fund at %50 /month until you can do more. I have asked myself the same question every year (if i get a promotion or merit increase). Did I need this extra money las...