Search found 172 matches
- Fri Feb 09, 2024 9:32 am
- Forum: Personal Consumer Issues
- Topic: What are some of the things that improved YOUR quality of life?
- Replies: 254
- Views: 41965
Re: What are some of the things that improved YOUR quality of life?
-Sunroon in house with gas fireplace. Great in all seasons especially winter with all the sunlight -Sharper image deep tissue massager for my neck pinched nerve -New Specialized Mountain bike for all the waterfront bike rides -Gym membership well worth the $20 per month since i use 3-4 times per week with good equipment and sauna -Working from home 3 times per week to avoid my long commute , exercise more , eat home cooked meals , avoid 3+ hours on trains and $20 NYC lunches and get to spend more quality time with my family -Calm app - used for guided Meditation and relaxing music -Reading Bogleheads learning about investments, expenses and Life -Reduce Alcohol consumption -Learning and reading about Mindfulness and adding daily meditation ...
- Tue Jan 23, 2024 8:17 am
- Forum: US Chapters
- Topic: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
- Replies: 429
- Views: 41946
Re: 🎁 🎉Happy 100th Birthday to Taylor Larimore 🎊🎂
Happy birthday Taylor. You are an inspiration to me. Also thank you for sharing your wisdom on the three fund portfolio with us and the community. Your contributions are many and profound
- Tue May 09, 2023 4:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can I afford $1 million house
- Replies: 19
- Views: 2682
Re: Can I afford $1 million house
2 kids ages 19 and 16. Thinking family will enjoy the house for at least 7 to 10 years. no one can predict future. Dw also would love house upgrade and does not want to retire. I would like to retire earlier but not likely if she wants to work
- Tue May 09, 2023 2:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can I afford $1 million house
- Replies: 19
- Views: 2682
Re: Can I afford $1 million house
Thx we plan on staying in same school district.
- Tue May 09, 2023 12:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can I afford $1 million house
- Replies: 19
- Views: 2682
Re: Can I afford $1 million house
Thx for the feedback. We live within our means spend about 8 to 9k per month. And net take homes about 15k after maxing our retirement account contributions
- Tue May 09, 2023 12:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can I afford $1 million house
- Replies: 19
- Views: 2682
Can I afford $1 million house
Hi we live in a VHCOL area looking to upgrade our current house
Me and DW are 51. Combined incomes are 310k per year after recent bumps
Current home worth about 650k and is paid off no mortgage.
Retirement and taxable portfolio is 1.62 million and 100k in 529 so about 2.3 mill with current home equity.
Will probably take small 200k mortgage and source of funds for rest from home equity and taxable investment account .
Reason looking to move is current home is very small and could use space and room
Me and DW are 51. Combined incomes are 310k per year after recent bumps
Current home worth about 650k and is paid off no mortgage.
Retirement and taxable portfolio is 1.62 million and 100k in 529 so about 2.3 mill with current home equity.
Will probably take small 200k mortgage and source of funds for rest from home equity and taxable investment account .
Reason looking to move is current home is very small and could use space and room
- Mon May 08, 2023 1:42 pm
- Forum: Personal Investments
- Topic: Why does Vanguard's 529 Interest Accumulation portfolio pay so little interest?
- Replies: 13
- Views: 2163
Re: Why does Vanguard's 529 Interest Accumulation portfolio pay so little interest?
I have switched to the Income portfolio in NYS 529. Hoping interest rate risk is mostly behind us
- Mon May 01, 2023 11:25 am
- Forum: Personal Investments
- Topic: Why does Vanguard's 529 Interest Accumulation portfolio pay so little interest?
- Replies: 13
- Views: 2163
Re: Why does Vanguard's 529 Interest Accumulation portfolio pay so little interest?
Am in same situation. Not happy about the the yield but checking today saying its up to 2.34% so even lagging it is rising slowly. Is anyone moving to another 529 provider?
- Tue Oct 04, 2022 8:27 pm
- Forum: Personal Consumer Issues
- Topic: What frugal thing did you do today?
- Replies: 4524
- Views: 617470
Re: What frugal thing did you do today?
I worked from home today vs commutting by train to the office in NYC Saved about $50
1. $26 round trip train railroad and subway
2. $20 Lunch in NYC
3. $5 Starbucks coffee
1. $26 round trip train railroad and subway
2. $20 Lunch in NYC
3. $5 Starbucks coffee
- Sat Jul 16, 2022 9:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Metlife->Farmers 125% Home Insurance raise
- Replies: 22
- Views: 2374
Re: Metlife->Farmers 125% Home Insurance raise
Same for me with liberty mutual in my. I called about the homeowne policy increase and response was basically due to inflation and home rebuild costs . My ho policy is up 50%
- Fri May 20, 2022 11:07 am
- Forum: Personal Finance (Not Investing)
- Topic: Your experience working for an IT Consulting Firm
- Replies: 17
- Views: 2236
Re: Your experience working for an IT Consulting Firm
It's been many years but I remember my IT consulting experience vividly. Lots of stress , anxiety and long hours stemmed from our Sales Team overpromising what we could reasonably deliver and accomplish for a fixed price. When we had to reduce scope or extend the timeline the clients were not very happy. Also remember you are under more of a microscope vs In-house since the client is actually cutting a check for real dollars instead of in-house where it's all monopoly money and no real checks are being cut to the IT department. The long hours and stress just follow. Some positives - some clients were more chill and liked to spend money and entertain themselves and us at hotels for meetings, restaurants and comped meals and travel were commo...
- Fri May 20, 2022 10:47 am
- Forum: Personal Finance (Not Investing)
- Topic: High Earners - What's Your Profession?
- Replies: 1217
- Views: 223013
Re: High Earners - What's Your Profession?
Me - IT App Dev. Manager @ Megacorp - $200k Base + $25k Bonus
DW - Medical device montoring trainee - $50k
Around $275K Total.
DW - Medical device montoring trainee - $50k
Around $275K Total.
- Thu May 05, 2022 3:46 pm
- Forum: Investing - Theory, News & General
- Topic: Bonds: What Are They Doing? Are They Doing Things?? Let's Find Out!
- Replies: 2297
- Views: 256310
Re: Bonds: What Are They Doing? Are They Doing Things?? Let's Find Out!
I don't try to time the bond market and bond funds are behaving as advertised they have short term volatility due to interest rate risk and no guarantee of negative correlation to equities. I will not be selling most of my bond funds for another 10 years. I will take the higher yield thank u very much especially if inflation is checked soon
- Thu May 05, 2022 3:07 pm
- Forum: Investing - Theory, News & General
- Topic: Bonds: What Are They Doing? Are They Doing Things?? Let's Find Out!
- Replies: 2297
- Views: 256310
Re: Bonds: What Are They Doing? Are They Doing Things?? Let's Find Out!
So if fast forward 5 to 6 years total bond is yielding 4 to 5% and inflation is back at 2 to 3 %. Bingo am getting real yield of 2% not terrible
- Tue Apr 26, 2022 2:06 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
I might as well give an update as the OP.
Good news still working at same company at higher comp and plan on keep working few.more years.
Also DW has new full time job comp $50k annual with benefits .
Challenges to retiring soon are college costs for my older son will be higher then projected and market values are going lower by the day while inflation is driving up expenses as same for all.
Good news still working at same company at higher comp and plan on keep working few.more years.
Also DW has new full time job comp $50k annual with benefits .
Challenges to retiring soon are college costs for my older son will be higher then projected and market values are going lower by the day while inflation is driving up expenses as same for all.
- Mon Jan 31, 2022 9:42 am
- Forum: Investing - Theory, News & General
- Topic: The Three-Fund Portfolio
- Replies: 3895
- Views: 2424648
Re: The Three-Fund Portfolio
Hi Structure, I have not found any, i just created a simple spreadsheet in Excel listing all the positions and calculate the weighting
- Mon Jan 24, 2022 7:21 am
- Forum: US Chapters
- Topic: Happy 98th Birthday to Taylor Larimore 🎂🍰🎉🎊❤️🎁⭐️
- Replies: 264
- Views: 19417
Re: Happy 98th Birthday to Taylor Larimore 🎂🍰🎉🎊❤️🎁⭐️
Happy Birthday Taylor. Many thanks for all your contributions and sharing of your wisdom to this forum. My family thanks you. Bless you sir !
- Tue Jan 18, 2022 4:06 pm
- Forum: Personal Investments
- Topic: 529 for a 15 year old
- Replies: 7
- Views: 767
Re: 529 for a 15 year old
Hi Spooky, am not disagreeing with you. However issue is even the conservative age based options from Vanguard have a high allocation to intermediate term bonds so for a drawdown within 5 years and increasing rates not sure there is safety there.
See below for Moderate age based allocation for 15yrd old is very high:
Child age 15 to 16 years
Conservative Portfolio
12.5% stocks
87.5% bonds
Vanguard Total Stock Market Index Fund 7.5%
Vanguard Total International Stock Index Fund 5%
Vanguard Total Bond Market II Index Fund 61.25%
Vanguard Total International Bond Index Fund 26.25%
See below for Moderate age based allocation for 15yrd old is very high:
Child age 15 to 16 years
Conservative Portfolio
12.5% stocks
87.5% bonds
Vanguard Total Stock Market Index Fund 7.5%
Vanguard Total International Stock Index Fund 5%
Vanguard Total Bond Market II Index Fund 61.25%
Vanguard Total International Bond Index Fund 26.25%
- Tue Jan 18, 2022 4:00 pm
- Forum: Personal Investments
- Topic: 529 for a 15 year old
- Replies: 7
- Views: 767
Re: 529 for a 15 year old
Am thinking the $66k for him is in the ballpark but obviously hard to predict where he will attend.
- Tue Jan 18, 2022 3:53 pm
- Forum: Personal Investments
- Topic: 529 for a 15 year old
- Replies: 7
- Views: 767
529 for a 15 year old
Need some feedback since am currently enrolled in NYS 529 aggressive age based option for my 15 year old son which has him in a disciplined growth portfolio 37.5% Equity, 62.5% bonds. See below asset allocation about $66k there now: Vanguard Total Stock Market Index Fund 22.5% Vanguard Total International Stock Index Fund 15% Vanguard Total Bond Market II Index Fund 43.75% Vanguard Total International Bond Index Fund 18.75% Thinking about moving to the Interest Income portfolio that invests 100% Vanguard Short Term reserve account which is Money Market. Want to protect principal and reduce risk since drawdown starting in 2 years and then annual drawdown liquidating entire within 6 years for undergrad. Rates in the Income portfolio should in...
- Sun Jan 09, 2022 1:51 pm
- Forum: Personal Investments
- Topic: Wash sale question
- Replies: 6
- Views: 320
Re: Wash sale question
many thanks livesoft and Lee_WSP for the information and your answers.
- Sun Jan 09, 2022 1:43 pm
- Forum: Personal Investments
- Topic: Wash sale question
- Replies: 6
- Views: 320
Re: Wash sale question
thx Livesoft for the quick response. Just thinking about this i guess cost basis in retirement accounts does not matter to IRS /Govt since all IRA distributions are treated as income. You agree?Yes, that is allowed and is not a problem. It would not even be a wash sale
- Sun Jan 09, 2022 1:28 pm
- Forum: Personal Investments
- Topic: Wash sale question
- Replies: 6
- Views: 320
Wash sale question
I have a large taxable account with TSM fund that I hope to sell from between 50 and 59 to fund early retirement. If i sell for a capital gain lets say TSM and buy back same or less shares of TSM in IRA within 30 days . IS that allowed if no capital loss is claimed?
- Sat Jan 08, 2022 9:43 am
- Forum: Personal Consumer Issues
- Topic: Simple Strength Building Resistance Band Workout
- Replies: 13
- Views: 1946
Re: Simple Strength Building Resistance Band Workout
I use resistance bands at home , i really enjoy workout videos from HasFit. I have been training for 30+ years. Enjoy
https://www.youtube.com/watch?v=18hPypKsQ8w
https://www.youtube.com/watch?v=18hPypKsQ8w
- Sat Jan 08, 2022 9:21 am
- Forum: Personal Investments
- Topic: Close to 50? What’s Your Risk Tolerance?
- Replies: 133
- Views: 15080
Re: Close to 50? What’s Your Risk Tolerance?
Age 50 here. Am about 68/32 - up from 65/35 in IPS. Will leave it , looking to early retire soon with this allocation maybe closer to 70/30.
- Tue Oct 26, 2021 1:05 pm
- Forum: Personal Consumer Issues
- Topic: What Movie Have You Recently Watched?
- Replies: 11037
- Views: 2066888
Re: What Movie Have You Recently Watched?
No Time to Die. Pretty good James Bond movie - lots of action , only thing why so long 2:30, they could of cut at least 30 minutes but no complaints.
- Thu Sep 23, 2021 2:27 pm
- Forum: Investing - Theory, News & General
- Topic: The Three-Fund Portfolio
- Replies: 3895
- Views: 2424648
Re: The Three-Fund Portfolio
Hi sizzlefuzz, Yes you are thinking about it correctly. It's all 1 account . You allocate the fixed income/equity portions among your taxable or qualified accounts in order to minime the tax consequences. Wiki has this info also about estimating the after tax yield in taxable vs. qualified. So at a high level you want to place your higher yielding assets like bonds that pay interest taxed at higher rates vs. qualified dividends in a qualified account.
- Wed Sep 22, 2021 9:15 am
- Forum: Personal Consumer Issues
- Topic: What Movie Have You Recently Watched?
- Replies: 11037
- Views: 2066888
Re: What Movie Have You Recently Watched?
Safe House. Good action movie with Denzel Washington and Ryan Reynolds. Suspenseful and full of action
- Mon Sep 20, 2021 12:58 pm
- Forum: Personal Consumer Issues
- Topic: Drive the Dang Car?
- Replies: 64
- Views: 8401
Re: Drive the Dang Car?
I echo the other posters. Enjoy the car but you can still be prudent where you park it and take the furthest parking spot in the mall like I do .
Another option is just to get the car detailed after you accumulate few scratches or dings. No biggie will run you few hundred bucks and you can enjoy your pristine car. Good luck, my vote is keep it and drive it have fun you can afford it .
Another option is just to get the car detailed after you accumulate few scratches or dings. No biggie will run you few hundred bucks and you can enjoy your pristine car. Good luck, my vote is keep it and drive it have fun you can afford it .
- Mon Aug 09, 2021 4:30 pm
- Forum: Personal Investments
- Topic: Burned out and need reality check financially
- Replies: 80
- Views: 13864
Re: Burned out and need reality check financially
Yes you have more than enough to retire in my opinion. You have 4.1 million , even at safe withdrawal rate of 4% that is $160k annual spend and that does not include your SS which should reduce your withdrawal rate when you start collecting SS. Healthcare insurance - there is ACA and you need for <15 years until Medicare can be claimed at 65. Also checkout opensocialsecurity.com for SS claiming options usually pays to defer until 70 or at least FRA
- Sat Nov 14, 2020 9:28 am
- Forum: Investing - Theory, News & General
- Topic: Taylor Sends His Best to Fellow Bogleheads
- Replies: 334
- Views: 34167
Re: Taylor Sends His Best to Fellow Bogleheads
Feel well taylor we miss you on the forums you are an inspiration
- Thu Nov 12, 2020 2:30 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
thx Ncbill for the tip and congrats on your son's military academy admission and thank you for their service to this great nation. Military enabled my kids pay for most of their own undergrad. Oldest started out with a 4-year ROTC scholarship to a local private university...I paid around $10k for their first year, then they re-applied and moved on to a military academy, so I only paid travel expenses after that. Youngest kid got a 3-year ROTC scholarship & with that awarded their private university cut the first year's total cost in half, so averaged out I ended up paying ~$18k/year for them. Simply joining the National Guard pays tuition for in-state public schools in many states...that was the backup plan for the youngest whose second...
- Thu Nov 12, 2020 12:46 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi Smitcat,
she made less money than i did - she only worked part time most of her career and being self-emplyoyed her salary as an officer of the S corp was even smaller than the corp profits.This is fine for your SS account - why would your DW SS account show a lower number as you mentioned she is a physician?
- Thu Nov 12, 2020 11:10 am
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi Klangfool,
So what is your point ? I guess we eat more than you do .
So what is your point ? I guess we eat more than you do .
- Thu Nov 12, 2020 10:58 am
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
hi Klangfool, A) I have no idea where the 95K per year expense comes from. But, for a person with a paid-off home, the person should be able to live on 50K to 60K per year. You have made multiple posts about my expenses. I have estimated my current expenses + have added taxes and health insurance premiums which are currently just withdrawan out of my paycheck today. So we are essentially spending about $85k today with no mortgage but our property taxes are high in Long Island about $9K per year and we are family of 4 and not 2 also have you seen what 2 teenage boys can eat if you allow them , so our lifestyle is not lavish by any stretch I have reviewed our expenses and food expenses are main thing but if things get tight in the future we a...
- Wed Nov 11, 2020 7:36 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi Patzer,
Not following here- I believe this is measured exactly as the bond duration which for TBM which i use for my FI allocation is about 6yrs last time i checked so wouldn't it be correct to say 6 years is the breakeven point and after that I come out ahead with higher yields so if rates increase 5 years from now. After year 11 I start to compensate my NAV losses with the higher coupons. No ?The negative impact of rates going up on the value of bonds they already bought doesn't have a lot of time to recover from the higher rates they receive after that.
- Wed Nov 11, 2020 7:26 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
thx abc132 and marcopolo for the advise and teachings on Roth IRA conversions great to know how this works.
I understand the Roth IRA conversion will not be a silver bullet for poor market returns but I definitely see this as a tool to:
1. Eliminate the IRA 10% penalty pre 59.5 if needed
2. Reduce the taxable income in future years which will increase ACA subsidies which cap at 4 times FPL if needed
I understand the Roth IRA conversion will not be a silver bullet for poor market returns but I definitely see this as a tool to:
1. Eliminate the IRA 10% penalty pre 59.5 if needed
2. Reduce the taxable income in future years which will increase ACA subsidies which cap at 4 times FPL if needed
- Wed Nov 11, 2020 4:02 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi abc132,
are doable to tap retirement funds before 59.5 . Have not researched this option too much yet but why do you think this is not workable?
I was thinking 72t or SEPP https://www.bogleheads.org/wiki/Substan ... c_paymentsI think your biggest issue is having enough money to bridge to Age 59.5, especially considering the kids. Assuming X% from your portfolio only works reliably over periods longer than 10 years. The 10 year real return could be 10% or 0%. SEPP rate = 0.46% right now, which means paying a 10% penalty for accessing money before 59.5.
are doable to tap retirement funds before 59.5 . Have not researched this option too much yet but why do you think this is not workable?
- Wed Nov 11, 2020 12:01 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
I would be aware that getting a full-time-direct-employee IT job over 40 is a very difficult thing to do. I would absolutely not give one up voluntarily except for extreme reasons. It is a very valuable thing to have. If you are over 40 in IT it is even hard to get a temporary contractor job, and these jobs are often difficult and stressful with very sub-par benefits and little job security. So I would think twice before giving up such a valuable asset and hold on to my job for dear life as long as you can until you are forced out, because there is no turning back in my opinion and from my experience. Hi rgs92 , Thanks for the feedback. I am well aware of all these and am not giving it up. It's being forced after 15yrs in same megacorp I a...
- Wed Nov 11, 2020 11:21 am
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
My only point was to saddle my kid with college debt while I sat around reading posts on Bogleheads, etc at 50, when I’m able to earn a high income to help my kid avoid what could be cumbersome debt in a pandemic, would leave me conflicted, at the very least. We’re all wired differently and I respect that. As in my OP, just to clarify I have already saved $120k for college in CSP for college expenses , so my boys have many options here none of them terrible or include being saddled with loans: 1. Pick a cheaper public college 2. Get better grades, SAT score and get a merit college aid to bring down cost 3. Work study to reduce cost 4. Skip college altogether , Become a plumber apprentice earning $100k+ and buy a new Mustang with the CSP sh...
- Mon Nov 09, 2020 9:06 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi SnowBog,
What are boogleheads comfortable with at least 90% due to sequence of returns risk to start early retirement?
Just for curiosity I ran the numbers in firecalc for a 50 year retirement adjusted expenses to spending $85k/yr with a $1.5Million portfolio starting retirement in 2022 added SS and Pension. Am getting a success rate of 85%.Regardless, I'm not sure the numbers work...
Similar expenses to you, married only one child (slightly younger than yours), a little younger than you, but we have more saved - and plan on saving even more before pulling the cord...
Have you tried something like FireCalc? What were the results?
What are boogleheads comfortable with at least 90% due to sequence of returns risk to start early retirement?
- Mon Nov 09, 2020 3:33 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Thx retired@50 for the compliment and support.wouldn't beat yourself up about college funding. I think you've done an admirable job with the $120K already saved. Don't put your own retirement in jeopardy if it comes down to that. College loans exist, retirement loans do not. Best of luck.
- Mon Nov 09, 2020 3:28 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Thx HuckFinn. That is great advise. Am thinking about being a school bus driver in my next career. would be nice change of pace.You can retire anytime you need to.
- Mon Nov 09, 2020 12:02 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
thanks to all posters and this community for their input and reality check. Reason for me raising this thread now for us is am pretty sure I have been marked for an upcoming layoff as all the signs are there and to deny them would be naïve. If true to this end my plan is to collect and save the severance pay package which hopefully I will get since I have about 15 years of service with the megacorp estimated about 1 year of pay and start looking for a contracting position to work for another 1 to 2 years in which time can build up our savings some more and reduce the draw down period and by then the college picture should become clearer for my oldest son too since he is already a HS junior. We can re-evaluate our situation then again. Wish ...
- Sun Nov 08, 2020 9:49 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi Klangfool,
I think considering we have also saved $120k in a 529 and have paid off a mortgage early with savings on a $550k house we have saved aggressively and
lived well under our means in a HCOL town.
Just curious what is not making sense. Are you suggesting we have not saved sufficiently based on our incomes ?But, the numbers (gross income, annual expense, portfolio size) do not make sense.
I think considering we have also saved $120k in a 529 and have paid off a mortgage early with savings on a $550k house we have saved aggressively and
lived well under our means in a HCOL town.
- Sun Nov 08, 2020 9:33 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi KlangFool, thanks for your time and feedback - our current expenses are actually about $95k year. The reason I increased the budget is planning for paying taxes. Regarding ACA, am assuming that initially will draw out of my taxable accounts where I have all equities so there are long term capital gains here but assuming I withdraw 70k from here + 10k dividends and my cost basis is 35k. My LTCG is 35k + 10K dividends +10k salary = 55k Gross income for taxation should be lot lower than the 100k so my ACA subsidy should be substantial. You agree?OP,
Please verify your current annual expense number. I believe that it is a lot more than 100K per year.
KlangFool
- Sun Nov 08, 2020 8:53 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
So just wanted some feedback what percentage of SS benefits are boogleheads expecting to collect ?
- Sun Nov 08, 2020 8:16 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi Grt2bOutdoors ,
Thanks again to you and all the other posters for their feedback. Really value the advise on this great forum , Btw can you please share a link where I can find this information from SSA on the 25% potential haircut.
Thanks again to you and all the other posters for their feedback. Really value the advise on this great forum , Btw can you please share a link where I can find this information from SSA on the 25% potential haircut.
- Sun Nov 08, 2020 8:05 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi MathIsMyWayr,
I am on the SSA.GOV site for my account , here is what is says for me. At my current salary about $180k/year if I continue to work and delay to 70
my maximum benefit is $3959/month or $47,508/yr
When I enter my future earnings as zero. My benefit gets reduced to $3377/month or $40,524. See extract from SSA below:
Retirement Age Date Benefit Amount
Age 70 (Delayed) December 2041 Custom
Retirement Benefit
($0 Estimated
Annual Earnings)
$3377.00 / month
Age 70 (Delayed) December 2041 Delayed
Retirement Age
(Maximum
Benefit)
$3959.00 / month
I am on the SSA.GOV site for my account , here is what is says for me. At my current salary about $180k/year if I continue to work and delay to 70
my maximum benefit is $3959/month or $47,508/yr
When I enter my future earnings as zero. My benefit gets reduced to $3377/month or $40,524. See extract from SSA below:
Retirement Age Date Benefit Amount
Age 70 (Delayed) December 2041 Custom
Retirement Benefit
($0 Estimated
Annual Earnings)
$3377.00 / month
Age 70 (Delayed) December 2041 Delayed
Retirement Age
(Maximum
Benefit)
$3959.00 / month
- Sun Nov 08, 2020 7:52 pm
- Forum: Personal Investments
- Topic: Can I retire at 49
- Replies: 205
- Views: 23623
Re: Can I retire at 49
Hi Luminous,
We have 2 paid off cars that are 3 years old that should last a while.
We do not plan to fund any college costs over our 529 savings. The kids will need to take a loan or choose a cheaper school.It feels risky to plan on using up all your assets before 70 and only rely on SS and pension.
Things to think about:
Cost of college for your kids: will the 529 savings be enough?
Long term care for you two or any parents or siblings.
Large one time expenses like cars, medical events, home repairs.
We have 2 paid off cars that are 3 years old that should last a while.