Search found 7 matches

by wfpbFI
Thu Nov 12, 2020 10:19 am
Forum: Investing - Theory, News & General
Topic: 2.25% Initial Withdrawal Rate.... FIRE?
Replies: 30
Views: 3390

Re: 2.25% Initial Withdrawal Rate.... FIRE?

I'd say I've been considering the idea of early "retirement" for a few years now, but today is by far the most real I feel about starting the process. It would take at least a year to sell my business (appraise, find associate, trial period, then transition and sell .... or could take long...
by wfpbFI
Thu Nov 12, 2020 5:45 am
Forum: Investing - Theory, News & General
Topic: 2.25% Initial Withdrawal Rate.... FIRE?
Replies: 30
Views: 3390

Re: 2.25% Initial Withdrawal Rate.... FIRE?

Thank you for the responses. I apologize if it just sounded like venting, I'm becoming more aware that I might be burnt out at my current career. I pay for our medical insurance now and have factored that into our expenses. Currently, the dividends from taxable accounts would provide between 65-75% ...
by wfpbFI
Wed Nov 11, 2020 9:40 pm
Forum: Investing - Theory, News & General
Topic: 2.25% Initial Withdrawal Rate.... FIRE?
Replies: 30
Views: 3390

2.25% Initial Withdrawal Rate.... FIRE?

So a particularly rough couple weeks at work have got me thinking. I just calculated the total of my investments (liquid) and compared it to our yearly expenses for the last 3 years and if I FIRE'd today our initial withdrawal rate would be just under 2.25%. Note, as a reference, the shiller PE toda...
by wfpbFI
Mon Nov 02, 2020 6:20 pm
Forum: Personal Investments
Topic: What’s “your number” for each kid’s 529?
Replies: 380
Views: 20437

Re: What’s “your number” for each kid’s 529?

Has anyone here thought about using these 529s as a "legacy 529"? If the kids go to grad school and you have the means and desire to help them, great. If not, allow the 529 to continue to grow tax free for the grandchildren (possible gen skipping concerns). There is alot of guessing what t...
by wfpbFI
Mon Nov 02, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Would a $1MM inheritance change your retirement plans?
Replies: 113
Views: 10082

Re: Would a $1MM inheritance change your retirement plans?

I'm am in a simular situation but a few years younger. I am planning an early retirement in the next 2-3 years. However, like some have already posted they would not count on an inheritance until it shows up into your account, I feel the same way. Much like Social Security, I am not planning on inhe...
by wfpbFI
Tue Sep 01, 2020 5:31 pm
Forum: Personal Investments
Topic: Husband doesn’t want to follow my investment plan
Replies: 47
Views: 4969

Re: Husband doesn’t want to follow my investment plan

There are some great books/read suggestions already but I'll add one more. JL Collins "A Simple Path to Wealth" is another good read to start with, straight forward and reasonably easy read. My wife loves this line from My Big Fat Greek Wedding, "the man may be the head of the house, ...
by wfpbFI
Fri Jul 17, 2020 10:23 pm
Forum: Personal Investments
Topic: Newly Dual-Dentist Couple
Replies: 25
Views: 1712

Re: Newly Dual-Dentist Couple

Congrats to the both of you! It is a long road to get where you are. You also seem to have a great handle on personal finance and investing. My two cents: - Your portfolio ideas seem fine to me, as do many others. I might suggest, like a few others, that if your risk tolerance is high enough to cons...