Search found 2469 matches

by flyingaway
Tue Nov 12, 2019 12:21 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 125
Views: 9318

Re: Spend It All vs. Leave $$ for the Kids

We paid our children's tuition and expenses, and plan to help pay for their first cars (not needed at this time) and weddings and probably their first homes as needed. However, given their current employment situations, our help may not be needed in the future, as they are likely to do much better t...
by flyingaway
Tue Nov 12, 2019 8:10 am
Forum: Personal Consumer Issues
Topic: Las Vegas Areas and Real Estate
Replies: 16
Views: 2535

Re: Las Vegas Areas and Real Estate

I may consider Las Vegas as a retirement destination and wonder how much is a reasonable house in Henderson may cost. I like to play in casinos from time to time.
by flyingaway
Mon Nov 11, 2019 7:09 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16653

Re: Will we be OK at 3% WR?

There’s a thing going on here that someone touched upon, that I think for a large number of Bogleheads is the case: many of us don’t like the idea of a long grind down in nest egg value. The hypothesis is that 4% will SURVIVE a 30 year retirement. But the concern is to not merely survive. Lower wit...
by flyingaway
Thu Nov 07, 2019 10:52 am
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2198

Re: Question on refilling prescriptions

I just used GoodRx to compare prices.
by flyingaway
Thu Nov 07, 2019 10:51 am
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2198

Re: Question on refilling prescriptions

All my adult life I have had all my prescriptions at one pharmacy at a time. However we are going to a different health plan and I will need to shop each prescription for the best price. I am also going to have my doctor write the Rx for twice the dosage so I can cut pills. One med I take the cost ...
by flyingaway
Thu Nov 07, 2019 10:46 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16653

Re: Will we be OK at 3% WR?

I always wonder what the backstory is that causes a long-time member of the forum who has many posts to ask a question like the one posed here. Just imagine if livesoft asked that question or nisiprius! Wouldn't you wonder what was going on in their lives? In fact, we I read a post or comment, I fi...
by flyingaway
Thu Nov 07, 2019 10:43 am
Forum: Personal Consumer Issues
Topic: "Beer Money" Methods
Replies: 50
Views: 5879

Re: "Beer Money" Methods

Aside from credit card rewards and checking/savings account signup bonuses, are there any ways you accumulate small gifts/rewards with minimal effort? Example: With Bing Rewards, I redeem about $100 a year in Amazon gift cards from their Rewards program for using bing.com to do 30 internet searches...
by flyingaway
Wed Nov 06, 2019 10:19 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16653

Re: Will we be OK at 3% WR?

At 50s, I would use anything between 3% and 4% WR, just to make my life comfortable and happy. Especially if you have a somewhat large portfolio, e.g., more than $2.5M, to make you into the fatFIRE club.
by flyingaway
Wed Nov 06, 2019 9:56 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16653

Re: Will we be OK at 3% WR?

I always wonder what the backstory is that causes a long-time member of the forum who has many posts to ask a question like the one posed here. Just imagine if livesoft asked that question or nisiprius! Wouldn't you wonder what was going on in their lives? In fact, we I read a post or comment, I fi...
by flyingaway
Sun Nov 03, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: Consider the next phase of our travel?
Replies: 37
Views: 2821

Re: Consider the next phase of our travel?

My wife and I are 55/54 and are considered to be well travelled in some sense. I have been to 51 different countries/areas. We are financially independent and semi-retired. So we have some money (budget $20k ~ $30k each year for travel) and time to travel. Most of our previous travels have been to ...
by flyingaway
Sat Nov 02, 2019 5:28 pm
Forum: Personal Consumer Issues
Topic: Consider the next phase of our travel?
Replies: 37
Views: 2821

Re: Consider the next phase of our travel?

I've tasted both red and white wine. I've eaten each of the 5 food groups . I've driven both stick shift and automatic cars. I am curious what are the 5 food groups. Yes, I did drive both stick shift and automatic cars. It took me five road tests to get my driver's license with a stick shift car.
by flyingaway
Sat Nov 02, 2019 11:03 am
Forum: Personal Investments
Topic: Do You Discount Your Retirement Number In Bull Markets
Replies: 25
Views: 2411

Re: Do You Discount Your Retirement Number In Bull Markets

I use 2% real for equities and 0% real for fixed income Maxifi planner accounts for taxes on RMDs, otherwise I would adjust my tax deferred assets. If I’m being overly pessimistic, wheeee, what a party we will have. If I’m being overly optimistic, we won’t be the worst off. I use 5% (3% inflation) ...
by flyingaway
Sat Nov 02, 2019 10:59 am
Forum: Personal Investments
Topic: Do You Discount Your Retirement Number In Bull Markets
Replies: 25
Views: 2411

Re: Do You Discount Your Retirement Number In Bull Markets

Work on one more years to discount the bull market.
by flyingaway
Fri Nov 01, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: Consider the next phase of our travel?
Replies: 37
Views: 2821

Re: Consider the next phase of our travel?

I have been to 51 different countries/areas. If you have not travelled a lot in the US then there is still a lot of opportunity for domestic travel. Some people see places like Yosemite, Yellowstone, and the Grand Canyon which are great but miss out on the hundreds of other places in the US that ar...
by flyingaway
Fri Nov 01, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Consider the next phase of our travel?
Replies: 37
Views: 2821

Re: Consider the next phase of our travel?

delamer wrote:
Fri Nov 01, 2019 11:19 am
Do you travel on your own or with guided tours?
We like to travel independently and on our own. We only travelled once with a tour group last year to Peru.
by flyingaway
Fri Nov 01, 2019 11:38 am
Forum: Personal Consumer Issues
Topic: Consider the next phase of our travel?
Replies: 37
Views: 2821

Re: Consider the next phase of our travel?

I find it interesting when people from the US think other countries will be less safe than the US. People in Europe avoid the US because the cites are completely unwalkable garbage piles and there are mass shootings every day in the US. They read in their headlines about their tourists getting run ...
by flyingaway
Fri Nov 01, 2019 11:00 am
Forum: Personal Consumer Issues
Topic: Consider the next phase of our travel?
Replies: 37
Views: 2821

Consider the next phase of our travel?

My wife and I are 55/54 and are considered to be well travelled in some sense. I have been to 51 different countries/areas. We are financially independent and semi-retired. So we have some money (budget $20k ~ $30k each year for travel) and time to travel. Most of our previous travels have been to E...
by flyingaway
Fri Nov 01, 2019 10:11 am
Forum: Personal Consumer Issues
Topic: Halloween Candy - Favorites; Throw it in the Bag
Replies: 61
Views: 3226

Re: Halloween Candy - Favorites; Throw it in the Bag

What is your favorite Halloween Candy to give/get in your Halloween basket/bag? This year, the favorites with the kids is Skittles or Twizzlers. I know it's dentist approved :twisted: My favorite is whatever I can give away so there is less for me to eat! :wink: I keep Reese's milk chocolate peanut...
by flyingaway
Fri Nov 01, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12418

Re: Possible Layoff: Need Assurance That We Will Be Okay

As mentioned in another thread, I am financially independent (not as much as you have), and I do want to make some additional money for some specific things (a new car, house renovations, children's weddings, etc.). However, if I or my wife lose our jobs, we will not look for new jobs. As others hav...
by flyingaway
Wed Oct 30, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11540

Re: Ok to go without health insurance?

Because you are doctors. Assume that you can fix any medical problems on yourself.
Yes. You don't need health insurance.
by flyingaway
Tue Oct 29, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8776

Re: How much do you plan to spend on your children's weddings?

Thank you all for contributing to this thread. I think I got the idea that $20K for each children's wedding is reasonable. To answer some questions from other people, here is some additional background information and my reasoning to do this. I have been on this forum for many years. Some of you mig...
by flyingaway
Tue Oct 29, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

We are using “variable percentage withdrawal (“VPW”)” which is designed to NOT completely spend down the portfolio—at least until age 100, when VPW suddenly goes nuts and starts recommending 50% annual withdrawals, then just STOPS. So, the implicit VPW strategy at the age 100 inflection point is......
by flyingaway
Tue Oct 29, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

OP here again. Thank you for all contributed, which has been very helpful. My take-away is that the 4% rule is a good indicator of financial independence. However, in actual life, many people intend to use something that is more close of 3% rule for their retirement withdrawal. Many people prefer t...
by flyingaway
Mon Oct 28, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8776

Re: How much do you plan to spend on your children's weddings?

RickBoglehead wrote:
Mon Oct 28, 2019 11:03 am

Why? Why is it on you to be prepared for someone else's desires, especially if they are ridiculous, in your mind?
For God's sake, they are my sons, not strangers on the streets, or any unknown people on a charity organization's list that many people here are eager to denote money to.
by flyingaway
Mon Oct 28, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8776

Re: How much do you plan to spend on your children's weddings?

Hopefully I have raised my kids well enough whereby they wouldn't want to waste a lot of money or their parents money on their weddings. There are many ways to have great weddings without spending ridiculous amounts of money. I am curious to know how much is ridiculous amount of money on a wedding,...
by flyingaway
Mon Oct 28, 2019 10:29 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8776

Re: How much do you plan to spend on your children's weddings?

KlangFool wrote:
Mon Oct 28, 2019 10:02 am
flyingaway,

Not in my culture. The kids could spend their own money on such a useless affair.

KlangFool
As I said before, my wife and I never had a formal wedding. I hate attending anyone's wedding. But if my children and their future spouses have different views, I need to be prepared.
by flyingaway
Mon Oct 28, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8776

Re: How much do you plan to spend on your children's weddings?

Given that you've decided what to do, why does it matter what anyone else's opinion is? I said that I am planning to do that, which requires me to work at least for another year. I have no idea how much it is a going cost for a wedding. My wife and I did not have a formal wedding, that was more tha...
by flyingaway
Mon Oct 28, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8776

Re: How much do you plan to spend on your children's weddings?

Given that you've decided what to do, why does it matter what anyone else's opinion is? I said that I am planning to do that, which requires me to work at least for another year. I have no idea how much it is a going cost for a wedding. My wife and I did not have a formal wedding and we did not inf...
by flyingaway
Mon Oct 28, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8776

How much do you plan to spend on your children's weddings?

I have two sons who do not have serious girlfriends at this time. But I want to set aside some money for their eventual weddings before I retire. I am interested in knowing how much do you plan to spend (did you spend) on your children's weddings? And how do you invest the money? Some background inf...
by flyingaway
Mon Oct 28, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

OP here again. Thank you for all contributed, which has been very helpful. My take-away is that the 4% rule is a good indicator of financial independence. However, in actual life, many people intend to use something that is more close of 3% rule for their retirement withdrawal. Many people prefer to...
by flyingaway
Mon Oct 28, 2019 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

We are using “variable percentage withdrawal (“VPW”)” which is designed to NOT completely spend down the portfolio—at least until age 100, when VPW suddenly goes nuts and starts recommending 50% annual withdrawals, then just STOPS. So, the implicit VPW strategy at the age 100 inflection point is......
by flyingaway
Sun Oct 27, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15088

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by flyingaway
Sun Oct 27, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

I notice there are some posts concerning a legacy left to one's children being wasted. On other threads a worry is sometimes mentioned that paying for education for the children, or maybe giving an amount for a first-time home buyer can lead to an entitlement issue, and perhaps lead to less initiat...
by flyingaway
Sun Oct 27, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

Other than surprise extra ordinary expenditures, I have not (and do not plan to in the future) spent more when the markets are up and less when they are down. Throughout my working career, I accustomed myself to a steady income flow from my wages. We knew how much we could spend. There was never a ...
by flyingaway
Sun Oct 27, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

That was a very interesting read as I scanned the replies. First, and most important, is to be doing the things you want to do. Whether your portfolio grows or declines is moot if you have enough to enjoy your life, as there are no guarantees. Since I retired in 2013 (and spouse in 2014) we have fo...
by flyingaway
Sun Oct 27, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

Maybe, maybe not as that depends on what Mr. Market has in store. One year into retirement we are spending right on plan which is 5% of annual portfolio balance with a 3% inflation adjusted SWR floor. On the basis of historical sequences this plan left retirees (starting with $1M after 35 years) wi...
by flyingaway
Sun Oct 27, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15088

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by flyingaway
Sat Oct 26, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15088

Re: I no longer plan on retiring early

This thread is now in the Personal Finance (Not Investing) forum (retirement planning). In this case, the plan is to defer. One very good piece of advice I've heard is that you should never retire from something. You should always retire to something. Saying this another way - If you don't know wha...
by flyingaway
Sat Oct 26, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15088

Re: I no longer plan on retiring early

A great counterpoint to the recent FIRE fad. I suspect most people in the FIRE movement a, don't have a plan on what to do after retirement, b, have no idea how much money early retirement requires, and c, can't really predict what they will want in their 50's while in their 20's. For most, it coul...
by flyingaway
Sat Oct 26, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15088

Re: I no longer plan on retiring early

Hello Bogleheads, I wanna share this « milestone ». I have pursued early retirement for the past 6-7 years and If things go smoothly, I should hit my number in 3-4 years, and retire prior to hitting 50. That was the plan. According to our IPS, number to retire was 2M, spouse wants to keep working f...
by flyingaway
Sat Oct 26, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15088

Re: I no longer plan on retiring early

simplesimon wrote:
Fri Oct 25, 2019 3:58 pm
Any plans for all that extra cash?
I just spend the extra money in casinos, and I am serious.
by flyingaway
Fri Oct 25, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Spending Money - Surprising Low Fun Return
Replies: 58
Views: 6232

Re: Spending Money - Surprising Low Fun Return

We also don't aspire to purchase items or "spend" money. Our goal of early retirement is to simply have time to do the things we love to do on the weekends (and longer trips), but full-time. If anyone would like to donate to our FIRE fund, feel free ;) I do not have to retire if I just want to enjo...
by flyingaway
Fri Oct 25, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

Retirement calculators are not plans to spend down portfolios. They are estimators of what one can count on being able to spend in retirement based on worst case limits of just exactly not outliving the assets. Sometimes there are variations on how that problem is approached. Options include variab...
by flyingaway
Thu Oct 24, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Spending Money - Surprising Low Fun Return
Replies: 58
Views: 6232

Re: Spending Money - Surprising Low Fun Return

If you buy a new car, like it for a few weeks. The car is still there even if you don't like it any more. You have to spend money on it continuously or get rid of it. If you spend money on experience, not necessarily travel, the spending ends when the experience ends, good or bad. It is easier to ge...
by flyingaway
Wed Oct 23, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Re: Do you plan to actually spend down your portfolio?

Backtesting says the 4% rule is safe in the worst cases, with a large amount left on average.
So, in order to guarantee having something left, we have been debating some 3% rule or 3.33% rule.
by flyingaway
Wed Oct 23, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9705

Do you plan to actually spend down your portfolio?

Many retirement calculators or rules usually assume that a retiree will spend down their money at end of the presumed life. A success is that you have more than zero dollar at the end of your modeling years, be it 30 years or 40 years. Yet we see here again and again statements (from retirees) like:...
by flyingaway
Wed Oct 23, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10156

Re: For those who are FI: At what point did you begin to relax?

". . . at what point did you begin to feel like you can relax about money and not constantly worried and under pressure?" We "retired" 25-years ago at 42 / 39 with about $1mm. The portfolio now measures $3.4mm. The anxiety was always there, until about two years ago . . .when she began taking Socia...
by flyingaway
Sun Oct 20, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 119595

Re: What frugal thing did you do today?

VictoriaF wrote:
Sun Oct 20, 2019 7:02 pm
I used a heavy rain to wash my car.

Victoria
I did not know that you have a car in DC.
by flyingaway
Sun Oct 20, 2019 7:13 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9767

Re: Retiring and Getting Over The Fear of Quitting?

What helps get over the fear of quitting is knowing that you're not as good at your job as you used to be, and that probably somebody else could do it better, probably for less money. If you look at people who hang around I think a handful of them probably are really good at what they do, and the r...
by flyingaway
Sun Oct 20, 2019 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Entrance Fee for Retirement Community
Replies: 39
Views: 5002

Re: Entrance Fee for Retirement Community

How much is the entrance fee and how much is the monthly fee that you are talking about (approximately)?