Search found 2211 matches

by flyingaway
Tue May 21, 2019 10:41 am
Forum: Personal Investments
Topic: Early Retirement Bridge Approach
Replies: 12
Views: 1525

Re: Early Retirement Bridge Approach

I think the Roth conversion is an easier bridge approach than SEPP. You could also have a sizable after-tax account for the bridge years.
by flyingaway
Mon May 20, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 22
Views: 3572

Re: What can a $120K spending budget do in early retirement years?

Your total budget is very similar to my estimated retirement budget, and I live in Maryland, a somewhat HCOL area. My budget is broken down into many more categories than yours, but I have been tracking my expenses for many years now. Did you track your expenses before or after your retirement? Do ...
by flyingaway
Mon May 20, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 22
Views: 3572

Re: What can a $120K spending budget do in early retirement years?

Will do good wrote:
Sun May 19, 2019 8:32 pm
Wouldn't your health care cost come down after your Medicare starts at 65?
I did not do a detailed budget, just a rough one to see what might be the benefits of a large portfolio, if I will be doing one more years.
by flyingaway
Mon May 20, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 22
Views: 3572

Re: What can a $120K spending budget do in early retirement years?

So you could retire earlier than 55 but are contemplating what you could do with $120K budget if you did a few OMY's to extend your work to 55? We retired late last year at 56 at something in the range of your income and compared to yours, we are spending more on a number of medium and big ticket i...
by flyingaway
Sun May 19, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 13779

Re: FIRE - What am I missing in the News Stories

I agree with all the comments. In addition, now in my early 40's, I couldn't fathom not working in my field. I'd love longer vacations, but I dunno what I'd do with my time if I 100% retired now . I have trouble imagining being retired at 50 even if I could do so comfortably. In large part it's bec...
by flyingaway
Sun May 19, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 13779

Re: FIRE - What am I missing in the News Stories

I also retired immediately after graduating from college. I have been doing a volunteering job, but they insisted on paying me a market salary.
by flyingaway
Sun May 19, 2019 5:04 pm
Forum: Personal Consumer Issues
Topic: Guidance to Parents With Kids Majoring Computer Science
Replies: 25
Views: 2274

Re: Guidance to Parents With Kids Majoring Computer Science

Sometimes parents can only do what the kids are accepting. My son just graduated from a state university (in the middle south U.S., so not a top one) in computer science. He is not motivated, playing lots of games online, never had any internship, did not want to take our advices. He probably only a...
by flyingaway
Sun May 19, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 22
Views: 3572

What can a $120K spending budget do in early retirement years?

Since I want to do some one more years (OMYs) and that could support a larger retirement budget, I am trying to figure out a reasonably large spending budget for early retirement years (55~70), in order to see if it is worth my time to do some OMYs. So I think the following is a line item list of my...
by flyingaway
Fri May 17, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: Synthetic oil or not for very low mileage auto?
Replies: 47
Views: 3047

Re: Synthetic oil or not for very low mileage auto?

EdNorton wrote:
Fri May 17, 2019 9:04 am
I have a 1999 Miata and doing first oil change since purchase. It now has 13,000 miles, never had synthetic oil. I'll probably drive it less than 5k miles/year. Just purchased last July.
I use synthetic oil once a year, you have to change regular oil every 3 months.
by flyingaway
Thu May 16, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: How long will a shirt last?
Replies: 34
Views: 2556

Re: How long will a shirt last?

I bought a few T-shirts in Cancun, Mexico, more than 10 years ago, they are still good today.
by flyingaway
Wed May 15, 2019 5:46 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 95
Views: 9422

Re: If you are already wealthy, what keeps you motivated?

Maybe a family and kids will keep you motivated.
by flyingaway
Sun May 12, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Continue working for benefit of adult children or retiring earlier?
Replies: 87
Views: 6112

Re: Continue working for benefit of adult children or retiring earlier?

My parents loved me very much (or at least that is how I perceived it), but I would not have wanted them to work one more day than they had to. I plan to work for many more years, but that is because I enjoy it. I can see that you want to continue to work to give to charity, but I can not see conti...
by flyingaway
Thu May 09, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: Does one need a local driver's license to buy and register a car?
Replies: 9
Views: 794

Re: Does one need a local driver's license to buy and register a car?

bob60014 wrote:
Thu May 09, 2019 7:42 am
Here is the website.

https://wisconsindot.gov/Pages/online-s ... l/dmv.aspx
The proof of residence is tricky. They don't have utility bill (included in the rent) or pays tub (direct deposit) any more.
by flyingaway
Thu May 09, 2019 7:16 am
Forum: Personal Consumer Issues
Topic: Does one need a local driver's license to buy and register a car?
Replies: 9
Views: 794

Does one need a local driver's license to buy and register a car?

As I mentioned in another thread, my son is moving to another state (Wisconsin) and he plans to buy a used car there. Because he needs to decide the location to rent an apartment, having or not having a car makes a difference. If possible, he wants to buy a car as soon as possible. However, does he ...
by flyingaway
Thu May 09, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Confidence in Amount Needed for Retirement: Which Tools/Models?
Replies: 7
Views: 739

Re: Confidence in Amount Needed for Retirement: Which Tools/Models?

We heard the 4% rule and FIRCal many times. I think that they are good to start with. Then I will be happy to use a 3% withdrawal rate to be safe.
When you have a purpose to do OMY, it feels less stressful.
by flyingaway
Tue May 07, 2019 10:11 am
Forum: Personal Consumer Issues
Topic: How to get insurance for a first time car buyer?
Replies: 10
Views: 670

How to get insurance for a first time car buyer?

My son just graduated from college and will start his first job next month in a different state. He has never owned a car, but may want to buy a used one soon. My understanding is that he needs to have insurance before he could drive a car out of the dealer's lot. So how could he get a car insurance...
by flyingaway
Sun May 05, 2019 9:52 pm
Forum: Personal Investments
Topic: Extended Market Index Fund?
Replies: 20
Views: 2270

Re: Extended Market Index Fund?

I have over-weighted Fidelity extended market index fund for many years. Unfortunately, it has under-performanced the S&P500 index fund for as many years as I have been in.
by flyingaway
Sun May 05, 2019 9:15 pm
Forum: Personal Consumer Issues
Topic: bare root trees - best place or website to purchase from?
Replies: 35
Views: 1940

Re: bare root trees - best place or website to purchase from?

I bought quite a few (rare) fruit trees from Stark Brothers. I grow fruit trees for those fruits that cannot be bought easily from grocery stores (pawpaws, Asian pears, persimmons, jujubes, etc.) They are expensive, but good. You can choose your Zone to match the trees. For flower or shade trees, ho...
by flyingaway
Sun May 05, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate?
Replies: 100
Views: 7157

Re: How much do you donate?

I do not have a fixed amount of money set aside to give to other people, that would indicate that I have over-worked.
But I give money to people in need, including some of my relatives, quite often, when I see the need.
by flyingaway
Sun May 05, 2019 8:13 am
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 130
Views: 27040

Re: How and when did you do it - to get to 1 Million

$1M today is probably the minimum for a young person to declare financial independence, in order to pursue other interests. It really depends on what you are comfortable with. Someone who is happy to live the “van life” is very different from someone with two kids in day care. A "van life" is not a...
by flyingaway
Sun May 05, 2019 8:10 am
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 5879

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

I told my son, who will start his first job next month, to spend on what he needs, and save and invest the rest.
Life will change a lot, you cannot predict everything. But save and invest is a must if you don't want to work forever.
by flyingaway
Sat May 04, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 130
Views: 27040

Re: How and when did you do it - to get to 1 Million

$1M today is probably the minimum for a young person to declare financial independence, in order to pursue other interests.
by flyingaway
Thu May 02, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: The goal of achieving FI
Replies: 41
Views: 3382

Re: The goal of achieving FI

It just feels good with financial independence.
by flyingaway
Thu May 02, 2019 7:19 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 730
Views: 93182

Re: Post your Financial Milestone Announcements Here

I'm loving this thread! So inspiring. I'm about to turn 30 this year and am currently NEGATIVE $95,000 due to student loans, car debt and not enough investments and cash. Working on it though! I'm curious how many of you in (or near) the "two comma club" started in your early to mid 30's. I started...
by flyingaway
Tue Apr 30, 2019 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 575
Views: 65943

Re: Fidelity as a one stop shop

I will just respond to item number one. What you described is exactly what we have at Fidelity. A sweep money market account that right now I think it’s around 1.7% interest, checking comes out of that account, and we get free ATM. Actually, whenever use an ATM account gets charged, and then credit...
by flyingaway
Tue Apr 30, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

what we are struggling with (52 for both of us - no kids). We would like to develop a plan where we spend more for 12 years (while we are not young - still not very old) to do some adventures. Then we would ramp down in our mid 60's I am just having a hard time modelling this. The best approach for...
by flyingaway
Mon Apr 29, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 575
Views: 65943

Re: Fidelity as a one stop shop

Just switched over my payroll direct deposit to FIDO CMA. USAA is now just an insurance company for me. Although I am going to keep their 2.5% unlimited cash back CC for now. And I walked my wife through our new setup now that everything is at FIDO and she liked it. At least she feigned interest in...
by flyingaway
Mon Apr 29, 2019 10:04 am
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 110
Views: 8581

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

I scanned through the thread and noticed negative comments on Russia. I lived there for 4 years and traveled in and out for another 10 years and really like Moscow and St Pete. As any country you can have a few negative experiences but it is overall worth the trip I think. I do think Russia was mor...
by flyingaway
Sun Apr 28, 2019 3:24 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 110
Views: 8581

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

We do a lot of international travel - Europe, South Pacific, etc. and we’ve been retired since 2010. love to do river cruises, so far have done the Seine and the Danube. WAY better than large ship cruise lines. BUT, the best trip we’ve taken so far has been Africa..... South Africa for 3 days in Ca...
by flyingaway
Sun Apr 28, 2019 12:15 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5092

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

My wife and I spent years planning for living abroad and executed that plan last year, after I retired. We own a mortgage-free house in a HCOL part of the USA. Several months before I retired, we informed the tenants in our basement apartment that they had six months to find another place to live. ...
by flyingaway
Sat Apr 27, 2019 11:32 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5092

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

* Why are you choosing 4 months? If you stay out of the US for 11 months, you're exempt from federal income tax on up to $112,000 of income (google Foreign Earned Income Exclusion and read the Physical Presence Test)! Plus, you can move to a no income tax state like FL, SD, or TX and not pay state ...
by flyingaway
Fri Apr 26, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5092

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

Maybe the routine medical problems can be handled better in Singapore or Thailand. But how about the more serious things like cancers and heart problems? They can treat all of those things in Thailand & Singapore, too. I know a few people who've had heart surgery in Thailand. I have never been visi...
by flyingaway
Fri Apr 26, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

A year ago Firecalc said I could retire with 100% success about now, depending on my prediction about downsizing in the next couple of years. That was the major variable in my plan. Of course I could play with slashing our spending in other ways. Now, that last "result line" came really close to ze...
by flyingaway
Fri Apr 26, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

Couple of observations:- - Surprisingly very few people seem to consider that their expense estimates could be wrong by order of magnitude if bad things were to happen aka say runway inflation. What can you do about wrong estimates and runaway inflation, other than not retire? - Surprisingly lot mo...
by flyingaway
Fri Apr 26, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

I completely understand your wife's position. It is nice that when you travel you have a base to come home to. We are in a similar position with our house costing an extra $15k-$20k a year in upkeep compared to a smaller house in a lower property tax state. Are you planning on retiring in this hous...
by flyingaway
Thu Apr 25, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

It is more than 4 overseas trips per year, as I stated. If I spend a substantial amount of time in travel, I certainly want my wife to travel with me. She also likes travel, just we do not always like the same destinations. If we spend a substantial amount of time in travel, there is no need to kee...
by flyingaway
Thu Apr 25, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

It is more than 4 overseas trips per year, as I stated. If I spend a substantial amount of time in travel, I certainly want my wife to travel with me. She also likes travel, just we do not always like the same destinations. If we spend a substantial amount of time in travel, there is no need to kee...
by flyingaway
Wed Apr 24, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 110
Views: 8581

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Didn't retire yet but absolutely agree with the ANZ recommendations. Wife and I went took a side trip to Tasmania last month on a Melbourne/Sydney business trip. Tasmania is a cool destination, very laid back with tons of vineyards and of course great seafood. It's a very natural kind of place. We ...
by flyingaway
Wed Apr 24, 2019 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

Hi, EnjoyIt: Thank you for taking time to write the response. Yes, I like travel, which is the only thing that I could not do full-time with my current job. As I mentioned several times, my job is not stressful, I may be able to retire financially. But the problems I listed in my original post scar...
by flyingaway
Wed Apr 24, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 110
Views: 8581

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

I retired April 3 and my wife and I left on a road trip the next day from the Midwest to Nashville, Savannah, Miami etc, Then a cruise to Cuba and the Bahamas. Now at our vacation rental condo in SW Florida enjoying the great weather and beach and doing some repairs and updates. We will drive home ...
by flyingaway
Wed Apr 24, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: travel budget in retirement
Replies: 47
Views: 3309

Re: travel budget in retirement

cap396 wrote:
Wed Apr 24, 2019 7:22 am
flyingaway wrote:
Tue Apr 23, 2019 9:03 pm

Do you know how long will you be out to travel like that? Any exit plan?
No exit plan right now. We love what we are doing and plan to keep at it for the foreseeable future. We may eventually settle down overseas somewhere, but that is probably a long ways off.
Good luck for your travel.
by flyingaway
Wed Apr 24, 2019 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

The number of retirement years are unknown, but it would also be pretty silly to think one will live 40 more years after working till 75. Maybe at some point it is worthwhile considering less than 30 year retirements. Also, if 4% is safe for 30 years why is it 3.5% for 30 years and 1 day? That is a...
by flyingaway
Wed Apr 24, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

If the weather report says no rain for a planned trip to London, I’m still packing a raincoat. Me, too. I fold my super lightweight raincoat and put it in a quart-sized ziplock bag, sit on it to squeeze out all the extra air, and carry it in my purse. Hahahaha, loved your response! :thumbsup I have...
by flyingaway
Tue Apr 23, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

For firecalc specifically, the program does not do a simulation as its base analysis. Instead, it runs historical sequences of returns for the duration of what you input as your life expectancy. Then it shows you how often the amount of money you say you want to spend would have been supported by t...
by flyingaway
Tue Apr 23, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 11562

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

For firecalc specifically, the program does not do a simulation as its base analysis. Instead, it runs historical sequences of returns for the duration of what you input as your life expectancy. Then it shows you how often the amount of money you say you want to spend would have been supported by t...
by flyingaway
Tue Apr 23, 2019 9:32 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5092

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

Some questions: If you have to watch other people's home, how can you travel around? What happens if their home is invaded? Also, what is the insurance issue if you drive the home owner's car. how can you travel around? - We typically have to plan to only be away for 8-10 hr during the day, and/or ...
by flyingaway
Tue Apr 23, 2019 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: travel budget in retirement
Replies: 47
Views: 3309

Re: travel budget in retirement

So, if you travel for years continuously, do you have friends (not family members) in the U.S. that you may value? Do you expect to resume friendship after your travel if you will eventually come back? We keep in touch with our friends digitally (email, social media, and facetime)s. It's not the sa...
by flyingaway
Tue Apr 23, 2019 8:35 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5092

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

For the past few years we've found homeowners looking for someone to watch their home, usually including pets, while they were away. We've done this a dozen times, often for 2-3 weeks at a time. It's made for relatively inexpensive travel. On the website we've used there are also listings for 1 or ...
by flyingaway
Tue Apr 23, 2019 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: travel budget in retirement
Replies: 47
Views: 3309

Re: travel budget in retirement

100%. Sell the house and all other belongings you can't bring with you in a suitcase and/or a backpack. Travel permanently. Why not? This is us. We sold everything we own and are now traveling the world full time. We're spending roughly $25,000 a year including an international health insurance pol...