Search found 396 matches

by MikeWillRetire
Fri May 22, 2020 6:48 pm
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 92
Views: 7145

Re: Has anyone ever used their Emergency Fund?

Yes, I had some health problems that kept me out of work for 9 months.
by MikeWillRetire
Thu May 21, 2020 8:39 am
Forum: Personal Investments
Topic: Retiring fairly young with a govt pension and trying to put together a plan
Replies: 37
Views: 4588

Re: Retiring fairly young with a govt pension and trying to put together a plan

I ran Firecalc with the following numbers:
100,000 pension, no cola
40 year retirement
100,000 annual spending
AA=40/60

Firecalc gives 95% success if you have 1.45 million.
by MikeWillRetire
Mon May 18, 2020 5:10 pm
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 77
Views: 3902

Re: What kind of sunglasses?

Teague wrote:
Mon May 18, 2020 3:10 pm
Hit that streets a-runnin' and try to beat the masses
And go get yourself some cheap sunglasses
:thumbsup
by MikeWillRetire
Mon May 18, 2020 8:00 am
Forum: Personal Consumer Issues
Topic: Reel Grass Mower
Replies: 36
Views: 1874

Re: Reel Grass Mower

When I bought my first house in 1993, I tried using a reel mower. I found it too difficult to adjust and sharpen. I also tried hand clippers instead of a weed eater, but gave up on that too. I discovered a battery powered mower and weed eater in 1995, and never looked back.
by MikeWillRetire
Tue May 12, 2020 11:47 am
Forum: Personal Investments
Topic: DH Laid Off - can we retire early?
Replies: 40
Views: 4917

Re: DH Laid Off - can we retire early?

I ran Firecalc with the following conditions:
portfolio =1,000,000 AA=40/60
35 year retirement
60,000 spending
DH takes SS in 2022 (age 62) = 15,000
You take SS in 2028 (age 62)= 13,000

Firecalc gives a 94% success rate for 35 years.
by MikeWillRetire
Mon May 11, 2020 7:37 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 472
Views: 16312

Re: Bird watchers – what birds are you seeing?

Baltimore Oriole still singing in the oaks - haven't spotted him yet. I have lived in an area just south of Baltimore for 47 years, and I have never seen an Oriole (that wasn't playing baseball). I'm not a bird watcher, but I have always spent time outdoors fishing, hunting, hiking, etc. What's the...
by MikeWillRetire
Mon May 11, 2020 7:30 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 472
Views: 16312

Re: Bird watchers – what birds are you seeing?

hirlaw wrote:
Sat May 09, 2020 4:45 pm
For some reason I am not seeing any CARDINALS, BLUE JAYS or ORIOLES this year!
And I'm afraid we might not see Ravens in the fall!
by MikeWillRetire
Wed Apr 29, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10109

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

I hate this kind of statement because it violates the whole premise of what safe withdrawal rules were supposed to be and were said to be. They are not supposed to be based on the current situation. They are supposed to be based on time periods that include the full credible range of situations, of...
by MikeWillRetire
Fri Apr 17, 2020 2:58 pm
Forum: Personal Consumer Issues
Topic: Runners -Anyone use the old fashion Shoe Goo??
Replies: 30
Views: 1388

Re: Runners -Anyone use the old fashion Shoe Goo??

My two sons were avid skateboarders, and shoe goo was a necessity for that sport.
by MikeWillRetire
Tue Apr 14, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13474

Re: How many paid for kids' college?

We paid for our 2 sons to attend the state university. Our youngest graduated in December. We found out that if you can afford to pay for two kids in daycare, then you can afford to pay for some private schools. And if you can afford to pay for private school, you can afford to pay for the state uni...
by MikeWillRetire
Mon Apr 13, 2020 10:07 am
Forum: Personal Consumer Issues
Topic: Raised Garden Beds - Building Material
Replies: 40
Views: 1941

Re: Raised Garden Beds - Building Material

I use 2x8 framing lumber from Lowes, and I make 4'x4' boxes. I get 4 to 5 years of life out of them here in the mid Atlantic region, and then I replace them.
by MikeWillRetire
Mon Apr 06, 2020 6:49 pm
Forum: Personal Consumer Issues
Topic: Will I regret getting rid of my 12-string guitar?
Replies: 17
Views: 1214

Re: Will I regret getting rid of my 12-string guitar?

I can't imagine playing a 12 string. I took up the bass because it only has 4 strings, and you only have to play one string at a time! That was hard enough for me.
by MikeWillRetire
Mon Apr 06, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: Removing/Preventing Moss From Pavers
Replies: 15
Views: 1057

Re: Removing/Preventing Moss From Pavers

Try "Wet & Forget".
I use it on my brick patio.
by MikeWillRetire
Wed Apr 01, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6317

Re: What is your age/AA during this crisis?

Age 57, married. Plan to retire sometime in the next couple of years. My AA is 30/70, with everything invested in lifecycle funds (Mostly L2020).
by MikeWillRetire
Sat Mar 28, 2020 8:17 pm
Forum: Personal Consumer Issues
Topic: What will you do first, once COVID pandemic is over?
Replies: 271
Views: 17135

Re: What will you do first, once COVID pandemic is over?

Visit my son in California. He moved out there in November to start his career. I had planned to visit him this week, but had to cancel.
by MikeWillRetire
Tue Mar 24, 2020 4:37 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9272

Re: What is your AA, given your age ? and this crisis ?

Age 57. All of it is in target date funds. Currently 30/70. Mostly 2020, some 2030.
I like simplicity.
by MikeWillRetire
Sun Mar 22, 2020 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why do some people have more tolerance for risk than others?
Replies: 32
Views: 1661

Re: Why do some people have more tolerance for risk than others?

Some people panic, some don't.
Under the current crisis, I can tolerate the risk of no toilet paper.
Others obviously can't.
by MikeWillRetire
Thu Mar 19, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: For 50-55 Year olds/ What Are you thinking?
Replies: 46
Views: 4647

Re: For 50-55 Year olds/ What Are you thinking?

57 years old, planning to retire sometime in the next 2 years. I'm glad that I stuck with my target date funds. 30/70 now.
by MikeWillRetire
Tue Mar 17, 2020 2:22 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 25678

Re: How much you lost/gain since Feb 20,2020 ?

Down 12% from high. 30/70.
by MikeWillRetire
Mon Mar 16, 2020 8:05 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55562

Re: How to get Toilet Paper ? seriously.

Go visit an open house.
by MikeWillRetire
Mon Mar 09, 2020 8:26 pm
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower recommendation
Replies: 71
Views: 2471

Re: Battery powered lawn mower recommendation

I bought my first battery powered Black & Decker lawnmower back around 1997. Not having a garage or shed, I liked the idea of being able to keep it in the basement. It lasted 20 years, and I replaced the battery only once. The batteries back then were pretty heavy, but I was young enough to be able ...
by MikeWillRetire
Mon Jan 27, 2020 2:55 pm
Forum: Personal Consumer Issues
Topic: Cars for kids upon college graduation
Replies: 48
Views: 3052

Re: Cars for kids upon college graduation

We paid for their education, but we did not buy them cars. In college, they didn't really need one anyway. Both have graduated and moved out of state, and they still don't have cars. They work and live in areas that are somewhat walkable, and they get by with Uber and Amazon Prime.
by MikeWillRetire
Fri Jan 17, 2020 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Engineers - What are you making? ($$$)
Replies: 357
Views: 43512

Re: Engineers - What are you making?

Civil Engineer, 35 years, living in HCOL area, making $112k.
I could have made more if I was interested in project management, but I wasn't.
by MikeWillRetire
Mon Dec 30, 2019 9:09 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5442
Views: 1350252

Re: What Movie Have You Recently Watched?

"Peanut Butter Falcon"

A nice buddy movie about a young man with Down syndrome, obsessed with pro wrestling, who flees from his group home and links up with a local ne'er do well. Together they travel down river to escape their troubles and to find a legendary pro wrestling school.
by MikeWillRetire
Wed Nov 27, 2019 8:46 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5442
Views: 1350252

Re: What Movie Have You Recently Watched?

"JoJo Rabbit"
If you like quirky movies, this is a good one. It's a comedy and a drama about a young German boy during WWII.
by MikeWillRetire
Sun Nov 24, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Strategies for MRA+10 & Postponing the Pension until 62?
Replies: 10
Views: 830

Re: Strategies for MRA+10 & Postponing the Pension until 62?

Do you have 20 years? If so, you can postpone the annuity to age 60.
by MikeWillRetire
Thu Nov 21, 2019 9:28 pm
Forum: Personal Investments
Topic: Portfolio Review: Double FERS
Replies: 26
Views: 2101

Re: Portfolio Review: Double FERS

Your pensions cover all of your expenses.
Your TSP will allow you to double your expenses.
And then you have Social Security.
:beer
by MikeWillRetire
Sat Nov 16, 2019 4:59 pm
Forum: Personal Consumer Issues
Topic: Basketball hoop that can be moved in and out of garage
Replies: 20
Views: 1491

Re: Basketball hoop that can be moved in and out of garage

We went through this when my kids were young. There are hoops with bases that you fill with water. The base has wheels for moving. But you have to empty it to move it. It's a pain, but it can be done.
by MikeWillRetire
Sun Oct 27, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Are federal health benefits worth postponing early retirement?
Replies: 60
Views: 6551

Re: Are federal health benefits worth postponing early retirement?

It's only a 15% reduction if you have 20 years at 57 I don't believe so. At 57, it would be a 25% reduction (assuming round years), based on age 62. (5 years @ 5% per year)....and if 57 is your MRA, you only need 10 years to be able to hop, skip and jump out the door. One of the federal employees n...
by MikeWillRetire
Sat Oct 26, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: How much does a "good school district" matter?
Replies: 76
Views: 7439

Re: How much does a "good school district" matter?

We live in the least desirable part of an affluent county in Maryland, and we decided to put our two children in private school initially. It was a great experience for them, surrounded by families that value education. But by the time they finished middle school, we could not afford it anymore. So ...
by MikeWillRetire
Wed Oct 23, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Are federal health benefits worth postponing early retirement?
Replies: 60
Views: 6551

Re: Are federal health benefits worth postponing early retirement?

Now at age 57, I don't have 30 years, so I will stick around another 2 years. The health insurance benefit is worth the wait in my opinion. At 57, you only need 10 years to retire with the health insurance, so if you have more than 10? It is true that one can retire at MRA, but if you don't have 30...
by MikeWillRetire
Tue Oct 22, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Are federal health benefits worth postponing early retirement?
Replies: 60
Views: 6551

Re: Are federal health benefits worth postponing early retirement?

Yes, I was in a similar place 7 years ago at age 50. I also hoped for a VERA, but it never happened. Now at age 57, I don't have 30 years, so I will stick around another 2 years. The health insurance benefit is worth the wait in my opinion.
by MikeWillRetire
Sat Oct 19, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 9604

Re: Wallets

When a smart phone can fold in half, hold a few cards and cash, and not generate heat, then I will ditch the wallet. For now, the wallet stays in my pocket, and the phone tags along in my backpack, car, or it stays home.
by MikeWillRetire
Tue Oct 15, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: Joshua Tree National Park
Replies: 14
Views: 1729

Re: Joshua Tree National Park

I just visited Joshua Tree this summer. The drive from North to South is about 75 miles, and you can do it in 3 to 4 hours and still have time to stop along the way. There is no need to do hiking because there are plenty of pull off areas with interesting sites to see. Yes, stay on the road. Do not...
by MikeWillRetire
Fri Oct 11, 2019 7:24 am
Forum: Personal Consumer Issues
Topic: Joshua Tree National Park
Replies: 14
Views: 1729

Re: Joshua Tree National Park

I just visited Joshua Tree this summer. The drive from North to South is about 75 miles, and you can do it in 3 to 4 hours and still have time to stop along the way. There is no need to do hiking because there are plenty of pull off areas with interesting sites to see. The town of Joshua tree at the...
by MikeWillRetire
Sun Oct 06, 2019 6:30 pm
Forum: Personal Consumer Issues
Topic: Kayaking & Fisherman - What is proper etiquette?
Replies: 33
Views: 4120

Re: Kayaking & Fisherman - What is proper etiquette?

Geez, it's not like you entered the cove like Rodney Dangerfield in Caddyshack...
by MikeWillRetire
Sun Oct 06, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 63
Views: 7262

Re: Tactics to pay off Mortgage Early??

I had a 30-year mortgage at 7.375%. When the interest rates dropped, I re-financed to a 15-year mortgage at 5.875%. And later, I got a home equity loan at 1.99%. So instead of 30 years, we paid it off in 22 years. Falling interest rates really helped.
by MikeWillRetire
Wed Sep 25, 2019 4:52 pm
Forum: Personal Consumer Issues
Topic: How hard is it to get into college?
Replies: 167
Views: 11794

Re: How hard is it to get into college?

How hard is it to get into college? Depends on the college of course. Back in 1980, I was just an average student. I think my SAT was around 1000. So I went to Anne Arundel Community College (AACC), derisively known as Any Ass Can Come. My parents weren't too thrilled with my choice, but it really w...
by MikeWillRetire
Wed Sep 25, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: land survey cost
Replies: 21
Views: 1445

Re: land survey cost

Sounds like you are getting a boundary survey for a 1.5 acre site, and a full topographic survey for more than half of the site. The $3500 to $5500 estimates sound more reasonable to me than the $500 estimate.
by MikeWillRetire
Mon Sep 23, 2019 9:10 am
Forum: Personal Consumer Issues
Topic: car insurance for one car costs more than for two cars
Replies: 5
Views: 523

car insurance for one car costs more than for two cars

I drive a Camry, and my two children (ages 21 and 23) periodically drive an old van. They are too tall (6'-5")to drive the Camry, so we kept the old van for them. My oldest son is now moving out, and my youngest son is a year-round college student who only comes home for short breaks. Last year, it ...
by MikeWillRetire
Mon Sep 02, 2019 5:14 pm
Forum: Personal Consumer Issues
Topic: Water alarm just saved me a lot of $$$. Do you have them?
Replies: 62
Views: 7251

Re: Water alarm just saved me a lot of $$$. Do you have them?

We turn the water to washer and toilets off when leaving for an extended period. That's a good tip! Any issue with turning off the main water supply to the house? I was told that if you turn off the main water supply, you should also turn off the water heater. Apparently the water heater could lose...
by MikeWillRetire
Sun Sep 01, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 83
Views: 5769

Re: Cash & Checkbook Register Reconciliation

I still balance it by hand to make sure I can still do the math!
by MikeWillRetire
Sat Aug 31, 2019 8:05 am
Forum: Personal Consumer Issues
Topic: Electric razors
Replies: 25
Views: 2267

Re: Electric razors

any recommendations for a heavy beard? If we are talking trimmers, I think Norelco is the only choice for price/effectiveness. I have a super old Norelco that still works like a champ. Perfect accurate cut with no catching, battery last forever. I don't remember the model number and it wore off, bu...
by MikeWillRetire
Fri Aug 30, 2019 2:46 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6649

Re: College age male: How much money for food?

I have kept a good record of what it cost me with my sons in college over the last 5 years. I spent approximately $600 per month per person. That includes all groceries, hygiene products, paper products, and occasional meals out. It also included a partial meal plan of 10 meals per week. They did no...
by MikeWillRetire
Tue Aug 20, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cut to take a federal job?
Replies: 26
Views: 3097

Re: Pay cut to take a federal job?

For me, it was not. What don't you find rewarding about it? Why stick around for so long? My agency tends to do very little about the poor performers, and does very little to reward the good performers. But I have stayed because I like the work, my commute is short, and the benefits make it worthwh...
by MikeWillRetire
Tue Aug 20, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cut to take a federal job?
Replies: 26
Views: 3097

Re: Pay cut to take a federal job?

I worked 11 years in the private sector in several engineering consulting firms. I have now worked 24 years in the federal government. For me, it was a good move because I had a working wife and children on the way, and the government job was not as demanding as the private ones. If that's your situ...
by MikeWillRetire
Mon Aug 19, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: Idea for a basic drawing book for granddaughter...
Replies: 29
Views: 1971

Re: Idea for a basic drawing book for granddaughter...

45 years ago, I learned how to draw from Jon Gnagy's book. Can't believe it's still available!
https://www.amazon.com/Learn-Gnagy-Amer ... way&sr=8-1
by MikeWillRetire
Sun Aug 18, 2019 12:43 pm
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower
Replies: 54
Views: 3736

Re: Battery powered lawn mower

I've been using battery powered lawn mowers for over 20 years, but my lot is only 0.1 acres. My first one was a Black & Decker, and it lasted about 20 years. I replaced it about 3 years ago with a Sun Joe. I keep it in my basement and can carry it up the stairs with one hand!
by MikeWillRetire
Wed Jul 31, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 10501

Re: Federal Employee Burn or Sick Leave

I think it is more of an ethical decision. Would you like to expound on this comment. There are are other threads here that discuss the disposition of sick time for federal employees as a part of retirement planning. Are you familiar with the details of how the system works? If so please share. If ...
by MikeWillRetire
Wed Jul 31, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 10501

Re: Federal Employee Burn or Sick Leave

I think it is more of an ethical decision.