Search found 1267 matches

by EnjoyIt
Fri Nov 17, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

I retired 11years ago with what I thought was quite a lot “more than enough”. The early part of my retirement was influenced by the recession of 2008-2009. For a while it looked like I wouldnt have enough. I would now estimate that our spending is around 25% higher than I had planned for prior to r...
by EnjoyIt
Fri Nov 17, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

My frustration with this recurring topic is that even the most talented posters here do not seem to understand that this type of modeling should always be used as very rough guideline rather than any sort of rule. I know I am not a good teacher because something which are so obvious to me that I ha...
by EnjoyIt
Fri Nov 17, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

What about the following: Need 100k/year, so desire to have 2.5M (4%) withdrawal. Lets say right now in 2017, i hit 2.5M,so I could retire. Great. Instead, lets say that i didn't check my balance. And we hit a bear market. And my 2.5M is now 2.0M at 2.0 M in 2018 (after bear market) - my 4% won't g...
by EnjoyIt
Fri Nov 17, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

Also, I'm now able to disappear for weeks at a time. My family is embarking on a three-week Spanish immersion adventure starting this Sunday. I wouldn't be able to do so if I were focused on making more money. This is the main freedom I miss by having a job. In my ideal world, I'd have summers off ...
by EnjoyIt
Mon Nov 13, 2017 11:47 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

where is this number 26.99998Xcoming from? I understand you think you are accounting for 2 years expenses in cash + 25X but that tells me that you believe that 25X has the necessary precision (or is that accuracy?) or you know your exact expenses per year. The two years expenses is to satisfy my fe...
by EnjoyIt
Mon Nov 13, 2017 5:57 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

That is exactly it. The only way someone gets a raw deal is if they retired at 4% right at the very very peak of the market. If they chose to retire early then they hopefully will be able to find some semi reasonable employment for a few years. If they retired a year or two earlier they would be OK...
by EnjoyIt
Mon Nov 13, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

There is no limit to how much one can spend. At some point we need to decide is the extra thousands of hours working worth it. You have no idea how much I actually agree with you on this point! By the way, I was talking about "lowly" business class there but your calculations used first class airfa...
by EnjoyIt
Mon Nov 13, 2017 12:59 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

But lets look at your "Catastrophic case" 50% loss, 2% gains for 8 year, and then 10%? That isn't really that bad. Look up japan were we are off by ~33% 28 years later. If that oft-referenced Japanese investor had bought a world market portfolio they would be doing fine. If they had followed the vo...
by EnjoyIt
Mon Nov 13, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

I hope you do not mind continuing this along the same line. If we assume that $100K are the actual expenses before the retirement, they do NOT include full health-care costs nor the taxes paid on that income. Remember, the actual expenses came off after paying the taxes and after saving the money. ...
by EnjoyIt
Mon Nov 13, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

Compare 2 families both with $2.5 million in invested assets living on $100k/yr one is 45 years old saving $180k/yr while the other is 65 years old saving $18k/yr. One more year for the 45 year old seams like it makes more sense as each year substantially increases their net worth and their spendin...
by EnjoyIt
Mon Nov 13, 2017 12:21 am
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 23
Views: 1440

Re: $30K loan for 12 months

My apology for being blunt but you instead of looking for a loan you should ask your self why you do not have the $30k in an emergency cash fund. I do, but I would not consider this an emergency, just a cash flow issue that might/might not happen. Why disturb the emergency fund when I can fool arou...
by EnjoyIt
Mon Nov 13, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

Not sure there's a right answer, which is what makes for such a great thread. But one helpful calculation is to figure out how much more you can spend per year for each additional year you work. For instance, let's say you have $2M now and put away $40K a year. So you can retire now on $80K, or you...
by EnjoyIt
Sun Nov 12, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

Although at some point I will stop and retire early, these are the reasons why I am still making more money: 1) We were foolish and bought slightly too much house. Now that we are used to living in this home it would be tough to downgrade and therefor we need to work just a bit more to be able to f...
by EnjoyIt
Sun Nov 12, 2017 5:57 am
Forum: Personal Consumer Issues
Topic: Unnecessary Corporate Meetings
Replies: 25
Views: 1842

Re: Unnecessary Corporate Meetings

I sometimes have meetings to discuss what to talk about during the next meeting. Sigh.
by EnjoyIt
Sat Nov 11, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

The only conclusion is to save more than 25X expenses because of two reasons. One is that 4% may very well not be safe-enough, and the other is that expenses may change radically. I'm more worried about the expenses. Say I save enough for a 3.2% withdrawal rate which I find to be safe-enough. I sti...
by EnjoyIt
Sat Nov 11, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

The only conclusion is to save more than 25X expenses because of two reasons. One is that 4% may very well not be safe-enough, and the other is that expenses may change radically. I'm more worried about the expenses. Say I save enough for a 3.2% withdrawal rate which I find to be safe-enough. I sti...
by EnjoyIt
Sat Nov 11, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

Although at some point I will stop and retire early, these are the reasons why I am still making more money: 1) We were foolish and bought slightly too much house. Now that we are used to living in this home it would be tough to downgrade and therefor we need to work just a bit more to be able to f...
by EnjoyIt
Sat Nov 11, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

Here is my situation (said before in other threads): We are in early 50s and have achieved financial independence at the comfortable level (4% rule). Your premise is wrong. Almost nobody thinks 4% is FI in the current era. You have your 2% people, you have your 3%, and then a bunch in between. The ...
by EnjoyIt
Sat Nov 11, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: When would you take a part-time option?
Replies: 23
Views: 1707

Re: When would you take a part-time option?

Recent discussion in threads on making money or not making money and retirement to a "life of leisure" or "working until you are dead" lead me to start this thread. In our situation, both my wife and I have the option to work full time (40hrs / week which typically ends up being much more than that...
by EnjoyIt
Sat Nov 11, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: When would you take a part-time option?
Replies: 23
Views: 1707

Re: When would you take a part-time option?

I think this is a great idea especially if you enjoy what you do and think you will continue enjoying it for the additional years you will now need to work part time to reach financial security. This is what I have been doing. Over the last few years I have been slowly decreasing how much I work. I ...
by EnjoyIt
Sat Nov 11, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 154
Views: 11877

Re: Why NOT make more money?

Although at some point I will stop and retire early, these are the reasons why I am still making more money: 1) We were foolish and bought slightly too much house. Now that we are used to living in this home it would be tough to downgrade and therefor we need to work just a bit more to be able to fu...
by EnjoyIt
Thu Nov 09, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

The only conclusion is to save more than 25X expenses because of two reasons. One is that 4% may very well not be safe-enough, and the other is that expenses may change radically. I'm more worried about the expenses. Say I save enough for a 3.2% withdrawal rate which I find to be safe-enough. I sti...
by EnjoyIt
Thu Nov 09, 2017 2:41 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

EnjoyIt:- Are you trying to convince BH about the folly of preparing for any type of black swan event? Or are you really trying to figure out if the decision that you want to make is prudent from your own perspective? I get the feeling that you are doing your best to prove to yourself that 4% rule ...
by EnjoyIt
Thu Nov 09, 2017 2:25 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

It doesn't matter what you set your SWR at in terms of dealing with blackswan events. When the US gets nuked, the US devalues the dollar by 1000000%, the communists take over and sieze all private assets, civil war breaks out between red/blue states and so on (i.e. black swan events are not somethi...
by EnjoyIt
Thu Nov 09, 2017 4:17 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

But lets look at your "Catastrophic case" 50% loss, 2% gains for 8 year, and then 10%? That isn't really that bad. Look up japan were we are off by ~33% 28 years later. If that oft-referenced Japanese investor had bought a world market portfolio they would be doing fine. If they had followed the vo...
by EnjoyIt
Thu Nov 09, 2017 12:44 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

Most of the credit cards have limits on how many you can open. Getting 3k the first year is easy but after that you will rapidly into various limits like the 5/24 that chase has. You also run the risk that these things could be cut at anytime. I am not sure this is something you can really plan on ...
by EnjoyIt
Thu Nov 09, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12785

Re: Why make more money?

Back to the OPs original question. I don't know. I got to that number at 63 (not that early) and handed in my retirement papers. I remember my boss telling me then to be sure of my decision because he couldn't hire me back in to the corporation if I changed my mind. Two years later, he was dead fro...
by EnjoyIt
Thu Nov 09, 2017 12:09 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

If I got fired by my employer and I have satisfied the 4% rule, at 53, I would not look for another job. I will make the 4% rule work. However, if I still have my human capital and my job, although not fun anymore, is not killing me, why not work for a few more years? Maybe the 4% rule did not coun...
by EnjoyIt
Wed Nov 08, 2017 11:56 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

Re: The fear of retirement, black swan, and math to dissuade the fear.

I can't see how you figure it's possible to make $10K/year by doing credit card sign-on bonuses and checking/brokerage accounts that number sounds ludicrously high, like an order of magnitude higher than possible. You can et 2500/million right now. That gets you 5k if you have 2 million in assets. ...
by EnjoyIt
Wed Nov 08, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12785

Re: Why make more money?

Back to the OPs original question. I don't know. I got to that number at 63 (not that early) and handed in my retirement papers. I remember my boss telling me then to be sure of my decision because he couldn't hire me back in to the corporation if I changed my mind. Two years later, he was dead fro...
by EnjoyIt
Wed Nov 08, 2017 9:05 pm
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 117
Views: 10905

The fear of retirement, black swan, and math to dissuade the fear.

Over the years I have seen many many discussion about how 4% withdrawal rate is too much and people should go down to 2-3% to be safe. Outside of the people who retire on a very tight budget such as the Mr. Money Mustache crowd who want to live on $25k-$30k/yr I want to show how 4% is really not tha...
by EnjoyIt
Wed Nov 08, 2017 7:07 pm
Forum: Personal Consumer Issues
Topic: DIY vs work extra and pay a pro
Replies: 37
Views: 2755

Re: DIY vs work extra and pay a pro

Benefits of DIY: 1) If you have the skills, I find doing it myself also means doing a better job than a skilled laborer. No one cares about the little details as much as you do 2) When I finish a DIY job, I feel like the man. I accomplished something with my hands and it came out well. 3) My wife ap...
by EnjoyIt
Wed Nov 08, 2017 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12785

Re: Why make more money?

It seams the answers are split in two. Some say to work if you enjoy what you do, to be active, and to keep the mind sharp. Another groups answers is based on fear. The fear of a black swan, the fear they will have a catastrophic health ailment that will wipe them out, the fear that markets will tan...
by EnjoyIt
Mon Nov 06, 2017 1:37 pm
Forum: Personal Consumer Issues
Topic: Projector Setup in Basement
Replies: 24
Views: 1414

Re: Projector Setup in Basement

We have a projector setup at home. Although it is a bit more effort to watch a movie compared to just turning on the TV we find it well worth it. Sitting up close to 100+inch screen surrounded by 5.1 or better sound envelopes you into the action. We love it, and our guests love it. I agree on checki...
by EnjoyIt
Mon Nov 06, 2017 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12785

Why make more money?

Lets just assume that you are healthy and financially OK. You have have 30x expenses in investments plus whatever socials security will eventually give you in some distant future. You have no debt and the kids college is covered. You don't live extravagantly, but you have enough to travel, eat out, ...
by EnjoyIt
Mon Nov 06, 2017 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Which Debt to Payoff First?!
Replies: 23
Views: 2001

Re: Which Debt to Payoff First?!

Andy, With limited information we can only give limited advice. Considering your debts, I can assume cashflow is a very important to you two right now. So let me break down your options for you. 1) Invest the money in a retirement account or a taxable account. This will over long term more than like...
by EnjoyIt
Sun Nov 05, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off mortgage? Has this ever been asked before?
Replies: 41
Views: 3359

Re: Should I pay off mortgage? Has this ever been asked before?

Mathematically and historically you are better off holding onto the mortgage. But, if you have a few extra bucks lying around every month there is nothing wrong with throwing it at the mortgage to buy yourself the luxury of being debt free sooner.
by EnjoyIt
Thu Nov 02, 2017 5:05 am
Forum: Personal Finance (Not Investing)
Topic: I'm fairly young but done with saving money
Replies: 75
Views: 9352

Re: I'm fairly young but done with saving money

You came to a very risk averse and pessimistic group of people asking for advice and you received exactly that advice. There are people here who think retiring with $3 million is risky. They take their own fears and spending habits and impose them onto people like you who have questions. If I may, I...
by EnjoyIt
Tue Oct 31, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: Non Stick frying pan
Replies: 66
Views: 5355

Re: Non Stick frying pan

To close out this thread, I bought a lodge cast iron pan and have been very happily using it for a few months now. Although it is heavy and cumbersome at times, I have been very happy with the results. Eggs are indeed nonstick and I clean the cooking surface with a thick brush and very warm water. S...
by EnjoyIt
Tue Oct 31, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18414

Re: Early-retired 35 year old with $1 million

OP, The people her are rediculously conservative. You have $1million and want to live on $30k. Historically your assets will continue to grow over the years allowing you some lifestyle creep to your $30k/yr. This is the same crowd that tells a 50 year old they can't retire on $2.5 million spending ...
by EnjoyIt
Tue Oct 31, 2017 12:53 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 14905

Re: What was the main reason you retired?

What was the main reason you retired? Here are some examples of reasons I assume one would retire: 1) Hit your number 2) The amount of your contributions no longer made a meaningful difference in the size of your portfolio 3) Lost the motivation to pursue money 4) Had enough of your work environmen...
by EnjoyIt
Mon Oct 30, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18414

Re: Early-retired 35 year old with $1 million

Because life isn't really all that short and the single 35 year old out playing in the sunshine is more likely to be the married 55 year old with kids who needs hay than not. Someone who retires at 35 with $1million only spending 3% will likely have way more than $1million at 55. That assume they a...
by EnjoyIt
Mon Oct 30, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18414

Re: Early-retired 35 year old with $1 million

I don't think most of us have a problem with the LCOL single lifestyle. OP would not be the first such person to decide (or have it happen without a decision) that he will have a child or two with his GF. Picking up where you left off can be difficult, especially if the economy goes into the doldru...
by EnjoyIt
Mon Oct 30, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18414

Re: Early-retired 35 year old with $1 million

Enjoy your early retirement and come back to this thread once a year telling all these neighsayers how wrong they all are. A single person living on $30k/yr in a low cost of living area with no need to pay rent is a better lifestyle than most Americans. I don't think most of us have a problem with ...
by EnjoyIt
Mon Oct 30, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18414

Re: Early-retired 35 year old with $1 million

Enjoy your early retirement and come back to this thread once a year telling all these neighsayers how wrong they all are. A single person living on $30k/yr in a low cost of living area with no need to pay rent is a better lifestyle than most Americans. I don't think most of us have a problem with ...
by EnjoyIt
Mon Oct 30, 2017 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18414

Re: Early-retired 35 year old with $1 million

OP, The people her are rediculously conservative. You have $1million and want to live on $30k. Historically your assets will continue to grow over the years allowing you some lifestyle creep to your $30k/yr. This is the same crowd that tells a 50 year old they can't retire on $2.5 million spending $...
by EnjoyIt
Tue Oct 24, 2017 11:24 am
Forum: Personal Consumer Issues
Topic: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.
Replies: 72
Views: 5159

Re: Car Enthusiasts Unite! - Porsche, Benz, Ferrari, Lambo, etc.

I want to second trying out a road coarse. There are plenty of HPDE (high performance driving education) classes out there. They are amazing for anyone who loves cars. They tend to run on 2-4 mile windy tracks which really get you to enjoy your car. I have hit 140+ mph on these courses on straight a...
by EnjoyIt
Mon Oct 23, 2017 4:05 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4148
Views: 1099870

Re: U.S. stocks in freefall

Also, I'm not certain, but won't Cape adjust down significantly when 2008 rolls off the books (10 year calc.) ? This is an interesting comment. Is that true? Please correct me if I am wrong but CAPE 10 is the current price divided by the earning over 10 years. When the market dropped the price to e...
by EnjoyIt
Mon Oct 23, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Worry market crush, selling 50%, but increase buying 100%
Replies: 69
Views: 6577

Re: Worry market crush, selling 50%, but increase buying 100%

. . . I don't believe timing the market BTW. I am staying neutral now: 50/50. I don't call it timing. I see risk ahead . . . . This time I am leaving the theater earlier. Don't want to wait for exit. . . . Bond is no safe if the interest rate back to norm. . . . It might go up but the risk is high....
by EnjoyIt
Mon Oct 23, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 4148
Views: 1099870

Re: U.S. stocks in freefall

Also, I'm not certain, but won't Cape adjust down significantly when 2008 rolls off the books (10 year calc.) ? This is an interesting comment. Is that true? Please correct me if I am wrong but CAPE 10 is the current price divided by the earning over 10 years. When the market dropped the price to e...