Search found 1687 matches

by flyingaway
Tue Jun 19, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6636
Views: 1432896

Re: U.S. stocks in freefall

If you believe the decline is trade related, there will be a few more days of decline.
by flyingaway
Sat Jun 16, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 3899

Re: Tracking spending before retirement useful for estimating retirement expenses?

You can make a list of what you plan to spend in retirement, and track what you are currently spending. They are different, but tracking expenses can give you an idea how accurate your estimate might be. For example, our travel expenses are about $10,000 to $15,000 per year for about three overseas ...
by flyingaway
Mon Jun 11, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 97
Views: 12735

Re: The Power of Working Longer

I prefer to save more so that I have options when I am old.
I could work longer if I want, I could retire earlier if I want or have to.
Waiting until old to realize that I have to work longer is not a good idea.
(There have been several similar threads recently, working vs. retiring.)
by flyingaway
Mon Jun 11, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 193
Views: 15989

Re: Life in retirement - what did you do today?

I had a cup of tea. I read some. I read the news about the protest & riots over the weekend. I washed some dishes. I organised some files. I walked to the local barbershop. There was a queue so I went to a cafe and had a cup of coffee. I went back to the barbershop. Got my haircut. I walked home. I...
by flyingaway
Mon Jun 11, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: [Net worth in retirement: How do you know when "enough is enough"?]
Replies: 15
Views: 2611

Re: [Net worth in retirement: How do you know when "enough is enough"?]

Yes, it is difficult to walk away from a job with a good paycheck and benefits, especially you have no idea what you will be walking into. My recommendation is to figure out your annual expenses and use the 4% rule as a rough guide to see if you have enough. Then figure out if you have something you...
by flyingaway
Mon Jun 11, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10011

Re: Early retirement pros and cons:

As I posted in another thread, I am currently in the 6th month of leave from work to experiment early retirement life. My feeling is that if I could have a lot of things to do outside of my home, such as travelling, I may like early retirement, provided I have enough money to do those outside things...
by flyingaway
Mon Jun 11, 2018 12:48 am
Forum: Investing - Theory, News & General
Topic: The Power of Working Longer
Replies: 97
Views: 12735

Re: The Power of Working Longer

Death is probably the single best hedge against running out of money in retirement. Solves all your problems, such as figuring out safe withdrawal rates and all that. Another advantage of working longer is that you're closer to it when you give up your earnings income. Makes you wonder why everybod...
by flyingaway
Mon Jun 11, 2018 12:42 am
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5347

Re: Strategy for a prolonged bear market

Plan B is to keep working.
by flyingaway
Mon Jun 11, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10021

Re: Why do we work?

I am surprised that most people who responded to this replied that they work to provide and purchase things. I work because I absolutely love my job and consider myself very fortunate everyday to do the type of work that I do. I grew up in a very blue-collar, economically depressed area, and living...
by flyingaway
Mon Jun 11, 2018 12:36 am
Forum: Personal Consumer Issues
Topic: “Day to kill” in Venice Italy
Replies: 50
Views: 2995

Re: “Day to kill” in Venice Italy

Walking to the parts of the main island that most tourists will not go. Even looking at how the residents dry their clothes could be interesting.
by flyingaway
Mon Jun 11, 2018 12:33 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 193
Views: 15989

Re: Life after FIRE [Financial Independence / Retire Early]

I think I am FI, and I am in the 6th month of leave from my work. I have travelled to many countries and stayed with my parents. I travelled mostly solo, sometimes with my wife and friends. I am still not sure what will be my next step. If I have to stay at home after FIRE, I might go back to work (...
by flyingaway
Mon Jun 11, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10021

Re: Why do we work?

I am surprised that most people who responded to this replied that they work to provide and purchase things. I work because I absolutely love my job and consider myself very fortunate everyday to do the type of work that I do. I grew up in a very blue-collar, economically depressed area, and living...
by flyingaway
Sun Jun 10, 2018 8:13 pm
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10011

Re: Early retirement pros and cons:

If I truly have enough, I would retire at any time. Beach is much better than office.
by flyingaway
Thu Jun 07, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4256

Re: How much to budget for a week long vacation for 2?

Just came back from a 10 day affordable Peru tour with flying and staying in Miami for three additional nights. Total cost for two people is about $5,400.
by flyingaway
Tue Jun 05, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50459

Re: How much money do you need to retire?

I will need $2M at 55, but want $3M then. I only work 2 half days a week for 7 months per year for a job many people say they would volunteer to do in their retirement (teaching). That makes it difficult for me to retire even if I had the money. I cannot believe that things changed so quickly in a ...
by flyingaway
Sun Jun 03, 2018 10:51 pm
Forum: Personal Consumer Issues
Topic: How a credit card refund is applied?
Replies: 25
Views: 1435

How a credit card refund is applied?

For example, I bought a flight ticket for $1,500 last month and my total credit card balance is $3,000. I then cancelled the ticket and got a full refund. However, the refund was credited to my card account after last month statement closing date. So my statement balance was $3,000. My question, wil...
by flyingaway
Tue May 22, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 23891

Re: Do people still use AAA?

I have had AAA membership for many years. I think I will not renew it this year. The main advantage of free travel maps and tour books is no longer helpful when we have GPS, TripAdvisor, etc. I was thinking to drop it a few years ago, but I had their insurance for my car and home (I did not bother t...
by flyingaway
Tue May 22, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 3855

Re: Can I retire? Input and advice is welcome!

You will get many more positive responses from the MMM forum.
I personally think you can do it. But what do you plan to do in retirement in Thailand?
by flyingaway
Thu May 17, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Growing Fruit Trees and Shrubs
Replies: 30
Views: 2519

Re: Growing Fruit Trees and Shrubs

I have been growing fruit trees for over 10 years, and learned a lot from experience, such as pollinations, weather, etc. Figs die during winter and grow back in Spring. However, most figs do not get ripen before winter comes to kill them. This winter is particularly cold and killed most of my fig t...
by flyingaway
Sun May 13, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

Buying property in Spain or Portugal is actually an easy way to get permanent residency in the EU. Buy 1 or more properties worth up to 500 Euros (350 Euros in smaller cities in Portugal) and you qualify. Note the 1 or more clause -- you could put most of the money into rental properties to live ch...
by flyingaway
Sat May 12, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

I think the biggest problem with retiring internationally would be abandoning your social network and family in the U.S. That sort of social dislocation can be very hard on people. You also have to consider what you do if you ever need nursing care- even if you have the funds, arranging for such th...
by flyingaway
Sat May 12, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

I think the biggest problem with retiring internationally would be abandoning your social network and family in the U.S. That sort of social dislocation can be very hard on people. You also have to consider what you do if you ever need nursing care- even if you have the funds, arranging for such th...
by flyingaway
Sat May 12, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

Living in a low-cost country like the locals can be cheap. Living in a low-cost country like Americans can be more expensive than living in the U.S. In many SE Asia countries, most people do not have big houses, no cars, and no air-conditionings. High quality food can be expensive. High quality hea...
by flyingaway
Sat May 12, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

I think the biggest problem with retiring internationally would be abandoning your social network and family in the U.S. That sort of social dislocation can be very hard on people. You also have to consider what you do if you ever need nursing care- even if you have the funds, arranging for such th...
by flyingaway
Thu May 10, 2018 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

On the subject of healthcare costs, I can give a current example from this past week. Ultrasound - USS$20 Consultation with cardiologist, ECG/EKG etc, full blood and urine tests - US$2.50 3 appointments with my Dr - US$0 Prescription meds for fluid retention - US$0.75 Am back at the Dr tomorrow for...
by flyingaway
Wed May 09, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

On the subject of healthcare costs, I can give a current example from this past week. Ultrasound - USS$20 Consultation with cardiologist, ECG/EKG etc, full blood and urine tests - US$2.50 3 appointments with my Dr - US$0 Prescription meds for fluid retention - US$0.75 Am back at the Dr tomorrow for...
by flyingaway
Wed May 09, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

Living in a low-cost country like the locals can be cheap. Living in a low-cost country like Americans can be more expensive than living in the U.S. In many SE Asia countries, most people do not have big houses, no cars, and no air-conditionings. High quality food can be expensive. High quality hea...
by flyingaway
Wed May 09, 2018 8:14 am
Forum: Investing - Theory, News & General
Topic: How does stock buyback benefit investors?
Replies: 78
Views: 6351

Re: How does stock buyback benefit investors?

Does buyback have the effect of compounding interest?
by flyingaway
Tue May 08, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance, do we need it and how?
Replies: 23
Views: 2612

Re: Health insurance, do we need it and how?

flyingaway, We are on a similar boat - we plan to sell the house next year as well, but want to RV full time, with occasional international travel. Personally, I would prefer to be a global nomad, but my wife rejected that idea. Good for you if both of you are on the same page, that's really import...
by flyingaway
Tue May 08, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

Living in a low-cost country like the locals can be cheap. Living in a low-cost country like Americans can be more expensive than living in the U.S. In many SE Asia countries, most people do not have big houses, no cars, and no air-conditionings. High quality food can be expensive. High quality heal...
by flyingaway
Mon May 07, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance, do we need it and how?
Replies: 23
Views: 2612

Re: Health insurance, do we need it and how?

Are these insurance policies reliable with respect to claims? Yes. These are major carriers with very long track records. And I've had surgery several times abroad, so I've seen what the process is, and the global carriers were great. The US based carriers, I had to pay in advance and get reimburse...
by flyingaway
Mon May 07, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 78
Views: 9248

Re: Retire Internationally for FIRE

I think the real health care problem is the catastrophic health problems much as cancers. Do the international health insurances cover that?
by flyingaway
Mon May 07, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Bucket List Adventures/Activities
Replies: 110
Views: 8215

Re: Bucket List Adventures/Activities

I think I no longer have a bucket list, I just do whatever is convenient to do at that time. Nothing that I have to see, or not see.
This year, I have already used 9 pages of my passport, visited many countries.
by flyingaway
Sat May 05, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8955

Re: Does it make sense to rent as a retiree?

If selling my house were easy, I would have done it yesterday.
I want to travel a lot in retirement, my current big house is a real liability.
by flyingaway
Fri May 04, 2018 2:10 am
Forum: Personal Consumer Issues
Topic: Car rentals, what is the catch?
Replies: 25
Views: 2182

Car rentals, what is the catch?

I search for a rental car at the Miami International Airport with Expedia.com, here is what I got the prices for an Economy car for a day: Priceless: $6 U-Save: $8 Budget: $23 Alamo: $37 Thrifty: 22 The pricess seem to differ by a lot. So do you alway rent a car with the cheapest price? What is the ...
by flyingaway
Thu May 03, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 55
Views: 6573

Re: Starting to smell like buying season?

I have a feeling that the worst is yet to come, but I contribute to my retirement accounts monthly, directly from salary deduction.
by flyingaway
Thu May 03, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6636
Views: 1432896

Re: U.S. stocks in freefall

I seem to see a pattern: big drop, small rebound, big drop, small rebound, ..., and the stocks are slowly going down.
by flyingaway
Thu May 03, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance, do we need it and how?
Replies: 23
Views: 2612

Re: Health insurance, do we need it and how?

I would never consider not having quality health insurance. I've seen too many people around me whose entire lives have changed due to health issues and insurance. My neighbor had a massive stroke in a foreign country and had to stay there for months until he was able to travel back to the U.S. Had...
by flyingaway
Thu May 03, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15639

Re: How do you know when you have "won the game"?

I wish I had a job that I could retire from at any time, and come back if I were tired in retirement. Unfortunately, retirement for me is a one-way ticket. Once I am on the bus, there is no turning back. For me, won the game means I am sure that I have enough money for the 4% rule for 45 years plus...
by flyingaway
Thu May 03, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance, do we need it and how?
Replies: 23
Views: 2612

Re: Health insurance, do we need it and how?

We are about to launch as global nomads I'm working with a broker who specializes in global health plans: Andrew Blomberg International Insurance Group 18 Shipyard Drive Suite 2A Hingham, MA 02043 www.internationalinsurance.com www.internationalcitizens.com +1-339-221-5190 We have chosen two plans ...
by flyingaway
Thu May 03, 2018 8:55 am
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 10827

Re: Nomadic lifestyle in their 50s

My in-laws traveled all over Europe in a caravan. They bought it there, spent a couple of years traveling around Europe, shipped it home, spent a couple of years traveling around mostly in Mexico. Got tired of that, sold it, bought a boat, and spent several years doing that, then sold the boat and ...
by flyingaway
Thu May 03, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15639

Re: How do you know when you have "won the game"?

I wish I had a job that I could retire from at any time, and come back if I were tired in retirement. Unfortunately, retirement for me is a one-way ticket. Once I am on the bus, there is no turning back. For me, won the game means I am sure that I have enough money for the 4% rule for 45 years plus ...
by flyingaway
Sat Apr 28, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance, do we need it and how?
Replies: 23
Views: 2612

Health insurance, do we need it and how?

My wife and I are considering retirement next year at 55. We want to sell our house and travel out of the U.S. for the next few years. The problem that bothers us is the health insurance. Upon retirement, we can buy my employer's health insurance for about $18,000 a year, no deductible but some copa...
by flyingaway
Sat Apr 28, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Did you rent car in Spain?
Replies: 18
Views: 945

Re: Did you rent car in Spain?

Be careful about the speed limits when driving onto a city or village, they have cameras that are only activated when a car is driving close to the speed limits.
by flyingaway
Sat Apr 28, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 10827

Re: Nomadic lifestyle in their 50s

We are launching as global nomads July 9. Like others before us, we don't know how long we will be gone. We don't know where we will settle when we stop traveling. We sold the home several years ago and rented, knowing this was our plan. Surprisingly, getting rid of our stuff hasn't been as traumat...
by flyingaway
Sat Apr 28, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 10827

Re: Nomadic lifestyle in their 50s

I have found hotel miles to be invaluable. We generally find a low cost place to stay when we vacation - but usually for the last couple of days we will consider using hotel miles to get a nicer hotel. For instance last year in Vienna, we moved from a decent lower cost place to a hotel on the Rings...
by flyingaway
Sat Apr 28, 2018 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Staged Retirement
Replies: 12
Views: 2048

Re: Staged Retirement

I find buying and selling houses frequently is a headache.
by flyingaway
Wed Apr 25, 2018 10:06 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 10827

Re: Nomadic lifestyle in their 50s

Oh and another thought: whatever place you rent as your homebase, it would be ideal if you could Airbnb it out while you're out of the country. That requires a landlord who is on-board, which might require some searching, but if you were willing to pay a bit over market price, you could probably ge...