Search found 1510 matches

by flyingaway
Mon Dec 11, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 153
Views: 9773

Re: Save all this money, what do you splurge on?

Vow, where do these non-bogleheads and non-frugal people come from?
by flyingaway
Mon Dec 11, 2017 9:27 pm
Forum: Personal Consumer Issues
Topic: Kidde fire extinguisher recall
Replies: 32
Views: 2162

Re: Kidde fire extinguisher recall

I have two in my home for many years. I just submitted my claims. I hope the old one is still useful before the new one comes.
by flyingaway
Mon Dec 11, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: What cause BH fear about running out of saving though they have big size of asset?
Replies: 27
Views: 1456

Re: What cause BH fear about running out of saving though they have big size of asset?

Those who don't care about money would not come here for investment advice. If you are here, you are worried about money, which in turn gives you a big size of asset.
by flyingaway
Mon Dec 11, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 61
Views: 4000

Re: Done gone and did it

No more One More Years?
by flyingaway
Mon Dec 11, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

It is hard to give it away when you are not sure if you will need it. I have no children so my nieces and nephews are my heirs. I don't want to have to go begging to them because I gave too much away. I'm doing ok finishing up 22 years of retirement but have home improvements and planned health exp...
by flyingaway
Mon Dec 11, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 13
Views: 1443

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Anyone did this after 50 and fond a similar & comfortable job after a one-year leave?
by flyingaway
Mon Dec 11, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

Looks like no one can be sure to have won the game until the last day. I read once that the name of the game is not to die rich, it's not to die poor. I'm beginning to believe it. Now, all you have to do, is figure out the magnitude and timing of end-of-life health care expenses, black swans, etc.,...
by flyingaway
Mon Dec 11, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

Looks like no one can be sure to have won the game until the last day. I read once that the name of the game is not to die rich, it's not to die poor. I'm beginning to believe it. Now, all you have to do, is figure out the magnitude and timing of end-of-life health care expenses, black swans, etc.,...
by flyingaway
Mon Dec 11, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

Now retired 18 years and will be starting RMDs soon. We have more now than when we retired. We spend about 3% to 4% of our money and live comfortably. I guess we will leave some to our charities and some $$$ to our kids unless some major issue occurs. I have mixed feelings about giving my kids a bi...
by flyingaway
Mon Dec 11, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

I retired in 2001. I have a military pension. My previous investments had been entirely in apartment complexes, we cashed out those properties and used that capital to buy land in a remote rural part of Maine, where we have built an off-grid farmhouse . Now we do pretty well on my pension and a sma...
by flyingaway
Sun Dec 10, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 13
Views: 1443

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Next Friday (12/15) is my last day of work, then I am out for an 8-month sabbatical leave. The main purpose of the leave is to see the world and be with my parents, and experience retirement life. I plan to visit as many places as possible, January in Mexico, February in China, Thailand, and Vietnam...
by flyingaway
Sun Dec 10, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 33
Views: 1870

Re: Can/Should early retiree avoid ACA tax credits?

Can you just decline the subsidy?

If I were in your shoes and did not want the subsidy, I would do the Roth conversion. Looks like one stone for two births, unless, you also feel unethical to do Roth conversion because of lowering taxes.
by flyingaway
Sun Dec 10, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 53
Views: 3583

Re: 2018 financial goals - what are yours?

Take an 8-month sabbatical leave to see the world and experience retirement life. If I like the life, I might not want to return to work.
If the market will have above 7% return, I will be very happy, and of course, move from 70/30 allocation to 60/40 and mentally prepare myself for real retirement.
by flyingaway
Sun Dec 10, 2017 8:04 pm
Forum: Personal Consumer Issues
Topic: 4WD necessary/recommended on Big Island, HI
Replies: 34
Views: 1960

Re: 4WD necessary/recommended on Big Island, HI

We were there for days with a regular minivan and did not have any issue. We drove around the island and stopped in many places.
by flyingaway
Sun Dec 10, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Schwab 25% Cheaper than Vanguard?
Replies: 13
Views: 1348

Re: Schwab 25% Cheaper than Vanguard?

I am considering to be "attracted" to Schwab for their no fee debit card.
by flyingaway
Sun Dec 10, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5506

Re: Does this happen to you? Educating friends about personal finance

I only talk personal finance and investment to my children. Here is the story. My son was playing with bitcoins a few years ago when it was about $700 (if my memory is correct). I told him (he was in college at that time) to sell it because it is a speculation and told him to read boglehead stuffs, ...
by flyingaway
Sun Dec 10, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 44
Views: 2921

Re: Can we afford to live on one income?

Yes, you can if you choose to.
But I have a colleague who is from a place where women usually stay at home after marriage. He is still working very hard at 65 because he still has a big mortgage.
by flyingaway
Sun Dec 10, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: How should I look at SS and pensions when developing my post-FRA AA?
Replies: 30
Views: 831

Re: How should I look at SS and pensions when developing my post-FRA AA?

I don't have a pension. I do not count social security in my retirement portfolio. I just consider it as one of my safety nets or financial cushions.
by flyingaway
Sun Dec 10, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 153
Views: 9773

Re: Save all this money, what do you splurge on?

I read a quote once that said " Money spent on travel makes you richer ," or something to that effect. I would totally agree. We splurge on travel, go high-end when we do, and try to go as frequently as we can. That said, we keep a list of places we'd like to see, and then watch for great airfare a...
by flyingaway
Sun Dec 10, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

A big cushion is needed to deal with bad health surprises, changes in SS/Medicare/ACA/taxes, and other bad surprises that life can and does throw at you. Planning is hard in the US because new administrations feel free to make radical changes that you can't imagine happening in other western countr...
by flyingaway
Sun Dec 10, 2017 11:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 274
Views: 37837

Re: Roll Call for the Retirement Class of 2017!

I don't think I should be counted on this list, but I am taking an eight month sabbatical leave after this Friday (12/15). I have plans to visit Mexico in January, China, Thailand, Vietnam in February, somewhere in March and April, Peru in May-June, Europe (Germany, Belgium, Luxembourg, and Netherla...
by flyingaway
Sun Dec 10, 2017 1:28 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

Looks like no one can be sure to have won the game until the last day. I think the other thing these comments show is that spending habits become ingrained in early to mid-adulthood and are hard to change after that. Another way to put it is that when we're younger, things that we can buy have a la...
by flyingaway
Sat Dec 09, 2017 6:15 pm
Forum: Investing - Theory, News & General
Topic: Trying to nail down asset allocation for second bucket
Replies: 43
Views: 1399

Re: Trying to nail down asset allocation for second bucket

IMHO, you are trying too hard to optimize your portfolio which makes it too complicated (mentally). As I said before, OMYs will take care of everything, i.e., if you don't want to retire after FI, you don't have to spend time optimizing your portfolio to the fine details. If I have a 70/30 (stock/bo...
by flyingaway
Sat Dec 09, 2017 6:07 pm
Forum: Investing - Theory, News & General
Topic: Why Are So Many Companies Announcing Share Buyback?
Replies: 32
Views: 2799

Re: Why Are So Many Companies Announcing Share Buyback?

With buyback, the stock price rises, the shareholders benefit.
However, the stock price may go down soon. Is this bad for buy-and-hold people like bogleheads and indexers?
by flyingaway
Sat Dec 09, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

Re: For those retired at least 10 years, what about the money?

Looks like no one can be sure to have won the game until the last day.
by flyingaway
Sat Dec 09, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 64
Views: 3693

Re: Does a Boglehead ever time the market?

I want to time the market, I just don't know how to do it successfully.
by flyingaway
Sat Dec 09, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Why Are So Many Companies Announcing Share Buyback?
Replies: 32
Views: 2799

Re: Why Are So Many Companies Announcing Share Buyback?

I guess many CEOs bonuses are tied to stock prices, buying back stocks does the trick.
by flyingaway
Sat Dec 09, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5506

Re: Does this happen to you? Educating friends about personal finance

Does this happen to you? While not an expert, like all of you, I have acquired a lot of personal financial knowledge over time. I do not know everything but I do know about 99% of what I need to know for someone in my age group and financial stage (two years retired). I have several friends at my a...
by flyingaway
Sat Dec 09, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5558

For those retired at least 10 years, what about the money?

For those retired at least 10 years, in your early or middle 70s, and if you find you have much more than what you planned in your portfolio, due to the current bull market, what do you plan to do with the extra money? Blowing it away (on what), telling your children that they are lucky, donating to...
by flyingaway
Sat Dec 09, 2017 10:19 am
Forum: Personal Consumer Issues
Topic: Planning A Trip to French Polynesia - (Society Islands)
Replies: 14
Views: 842

Re: Planning A Trip to French Polynesia - (Society Islands)

So, on islands like Tahiti, one should not do things cheap, right? So you have to stay in a resort, not in a 3-star hotel? At least that is my wife's theory.
by flyingaway
Fri Dec 08, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: Did Capital One 360 Savings raise rates?
Replies: 29
Views: 3129

Re: Did Capital One 360 Savings raise rates?

I can confirm that opening a Capital One 360 money market account and moving money from my Capital One 360 savings account to the money market account was easy and painless. Took all of 5 minutes. I have a dumb question because I am about to do this. Did you leave any money behind in your regular s...
by flyingaway
Fri Dec 08, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: At what age did your net worth increase more than your gross income?
Replies: 2
Views: 611

Re: At what age did your net worth increase more than your gross income?

Stock market return is not stable. So you cannot really make a meaningful comparison.
by flyingaway
Fri Dec 08, 2017 12:18 pm
Forum: Investing - Theory, News & General
Topic: Did Capital One 360 Savings raise rates?
Replies: 29
Views: 3129

Re: Did Capital One 360 Savings raise rates?

Why does anyone NOT use their Money Market account if it has a higher interest? What is the downside?
by flyingaway
Fri Dec 08, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads say when they don't want to spend money?
Replies: 103
Views: 5291

Re: What do Bogleheads say when they don't want to spend money?

There is no value in *** (eating at fancy restaurants, buying new clothes, buying stuffs that we do not need now).
by flyingaway
Fri Dec 08, 2017 12:39 am
Forum: Personal Consumer Issues
Topic: Planning A Trip to French Polynesia - (Society Islands)
Replies: 14
Views: 842

Re: Planning A Trip to French Polynesia - (Society Islands)

My wife and I have been watching YouTube videos about Tahiti and Bora Bora for the last two days. It is so beautiful there. We decided to spend our first week of 2018 in Los Cabos instead. We were afraid that we might not want to come back to the States if we went to Tahiti.
by flyingaway
Thu Dec 07, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Work from Home Jobs
Replies: 21
Views: 2758

Re: Work from Home Jobs

How do people find work from home type jobs. The reason for asking here is to help my wife. She is not much of a driver, only drives for things which are in 10 mile radius and she never steps on highways. She has over 15 years of Java programming experience in various industries, automation, health...
by flyingaway
Thu Dec 07, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3753

Re: How do you know you are FI?

That is why we have three levels of financial independence: Basic level, comfortable level, and luxury level. Good rule for long term forecasts of that sort is to use "comfortable", if not "luxury". Doing so, if your projections are off you are left with "basic" at least. If we retire at 75, maybe ...
by flyingaway
Thu Dec 07, 2017 8:56 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

I just hit my number and yes, my motivation to work has waned considerably. In my case it's not so much because I acheived financial independence, but because I don't like my job or industry anymore. I am hoping to find a sunset career or avocation after I offically retire that will stimulate my wo...
by flyingaway
Thu Dec 07, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

Myth or Fact? IT industry which causes burnouts and stress alongwith unstable jobs seems to be the pioneer and main reason for people losing motivation for work. In fact lot of FI stuff is geared towards this industry with many people writing about FI come from this industry as well. People in IT u...
by flyingaway
Wed Dec 06, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3753

Re: How do you know you are FI?

That is why we have three levels of financial independence: Basic level, comfortable level, and luxury level. Good rule for long term forecasts of that sort is to use "comfortable", if not "luxury". Doing so, if your projections are off you are left with "basic" at least. If we retire at 75, maybe ...
by flyingaway
Wed Dec 06, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: How do you know you are FI? [Financially Independent]
Replies: 48
Views: 3753

Re: How do you know you are FI?

Estimate your expenses in retirement based on your current expenses. If you have 25X of that, then you can declare you are FI. However, achieving FI does not mean you can retire and do what you want to do. For example, my normal expenses in retirement is estimated to be about $80k per year. But if I...
by flyingaway
Wed Dec 06, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

After achieving financial independence (FI), you know you have enough, do (did) you lose motivation for work? Even several years before FI, l lost ambitions in work. After FI, I seem to lose motivation for work. I don't care about my work anymore, although there are some changes at the school that ...
by flyingaway
Wed Dec 06, 2017 12:41 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

41, FI, and I have yet to experience the euphoria of working by choice. Much of what I've read about FI says I should be enjoying my work more because it's become optional , but I find I am simply more intolerant of the nonsense that I have to put up with and more aware of the really stressful aspe...
by flyingaway
Tue Dec 05, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

For guys who have retired prior to age 50 with FI - How do you handle questions from family, relatives and acquaintances about why you are not working? Do your spouse and kids accept it? Are you really at peace with it yourself? Do you tell people that you are retired at 45? I am not eligible to an...
by flyingaway
Tue Dec 05, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

If I can be assured that I have enough money for the rest of my life with a reasonable living standard, I will quit immediately. Nobody in the world can give you that guarantee. You are the only person who can decide how much and when enough is enough. As long as you do not know how long is your "r...
by flyingaway
Tue Dec 05, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

Maybe some people are motivated by their work and others motivated to earn a living. For those who are motivated to earn a living it would seem that Financial Independence would significantly reduce that motivation. So maybe nothing actually changes you just have 2 groups in the workplace because o...
by flyingaway
Tue Dec 05, 2017 10:24 am
Forum: Personal Consumer Issues
Topic: A medical bill to argue?
Replies: 14
Views: 1720

Re: A medical bill to argue?

My wife had an annual physical exam, which was free with her high deductible insurance plan. The doctor suggested her to do an ultra sound exam. She hesitated, as it was not essential. But after checking the price online ($99 ~ $300) and with her friend done similar procedure before ($130), she did...
by flyingaway
Tue Dec 05, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

Maybe some people are motivated by their work and others motivated to earn a living. For those who are motivated to earn a living it would seem that Financial Independence would significantly reduce that motivation. So maybe nothing actually changes you just have 2 groups in the workplace because o...
by flyingaway
Tue Dec 05, 2017 9:57 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11014

Re: After financial independence, do you lose motivation for work?

I would say yes because I immediately retired upon hitting FI. If you are lucky, and I was, one can make work out of something they would do as a hobby. Almost any hobby can be work. You turn a hobby into work by using it to generate income and by adding administrative BS, schedule obligations and ...