Search found 3888 matches

by flyingaway
Sun Nov 19, 2023 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Those of you that retired early (pre-SS/RMD) - what were your expenses like first 5-10 yrs?
Replies: 26
Views: 4029

Re: Those of you that retired early (pre-SS/RMD) - what were your expenses like first 5-10 yrs?

You can use your current expenses to get an estimate of your expenses in retirement. Some things may not happen every year, but they should be accounted for. For example, we estimated $5,000 each year for repairing around the house, including gardening. In most years, we spend less than $1,000. However, this year, an expensive car repair, roof replacement co-pay, new HVAC, almost trippled that cost, but they average out.
by flyingaway
Sat Nov 18, 2023 10:22 am
Forum: Personal Investments
Topic: At what mortgage rate would you pay it off early?
Replies: 258
Views: 22504

Re: At what mortgage rate would you pay it off early?

I had two mortgages before and always paid them off as soon as I could. Owning debts is not a problem I want to have. In my opinion, trying to measure the interest rates and making money out of a debt is short-sighted. This is like to pick a winning stocks to beat the market. Life will be easier without a debt, make your money somewhere else. I have told this true story before. A few years ago, I was having dinner at a friend's house with about 10 men (spouses were together in a different room). A person asked me my name and wondered why he knew everyone else at the table but me. It turned out that this person was a mortgage refinancing broker and everyone at the table refinanced mortgage with him. I was almost the youngest one at the tabl...
by flyingaway
Sat Nov 18, 2023 10:13 am
Forum: Personal Investments
Topic: At what mortgage rate would you pay it off early?
Replies: 258
Views: 22504

Re: At what mortgage rate would you pay it off early?

I had two mortgages before and always paid them off as soon as I could. Owning debts is not a problem I want to have. In my opinion, trying to measure the interest rates and making money out of a debt is short-sighted. This is like to pick a winning stocks to beat the market. Life will be easier without a debt, make your money somewhere else. I have told this true story before. A few years ago, I was having dinner at a friend's house with about 10 men (spouses were together in a different room). A person asked me my name and wondered why he knew everyone else at the table but me. It turned out that this person was a mortgage refinancing broker and everyone at the table refinanced mortgage with him. I was almost the youngest one at the tabl...
by flyingaway
Sat Nov 18, 2023 7:50 am
Forum: Personal Investments
Topic: At what mortgage rate would you pay it off early?
Replies: 258
Views: 22504

Re: At what mortgage rate would you pay it off early?

I had two mortgages before and always paid them off as soon as I could. Owning debts is not a problem I want to have. In my opinion, trying to measure the interest rates and making money out of a debt is short-sighted. This is like to pick a winning stocks to beat the market. Life will be easier without a debt, make your money somewhere else. I have told this true story before. A few years ago, I was having dinner at a friend's house with about 10 men (spouses were together in a different room). A person asked me my name and wondered why he knew everyone else at the table but me. It turned out that this person was a mortgage refinancing broker and everyone at the table refinanced mortgage with him. I was almost the youngest one at the table...
by flyingaway
Sat Nov 18, 2023 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Real world experiences with Fidelity Rewards Card?
Replies: 34
Views: 5102

Re: Real world experiences with Fidelity Rewards Card?

I have been using the Fidelity credit card for many years and have no problem with it. It's my default card for domestic purchase. But I have not used it outside the U.S. yet.
by flyingaway
Fri Nov 17, 2023 8:20 pm
Forum: Personal Consumer Issues
Topic: Old laptop disposal advice
Replies: 14
Views: 1413

Re: Old laptop disposal advice

There is something called trash can.
by flyingaway
Tue Nov 14, 2023 11:53 am
Forum: Personal Consumer Issues
Topic: Long-term parking at airport hotels?
Replies: 9
Views: 1262

Long-term parking at airport hotels?

I am thinking to drive to a distant airport for a cheap flight out. I am looking for a long-term (a few days) parking at some airport hotels. For example, for Atalanta International Airport, www.globalairportparking.com shows that parking at Ramada Atlanta Hotel Airport costs $5.00 per day (plus $4.50 taxes and fees). I would like to know if these third-party sells are valid, how does it actually work? Do I just drive to the hotel, park my car there, and take a shuttle bus to the airport?

Or should I deal with the hotel directly? How?
by flyingaway
Sat Nov 11, 2023 11:27 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Income Options in retirement years 1-5
Replies: 19
Views: 4191

Re: "Safe" Income Options in retirement years 1-5

retireIn2020 wrote: Thu Nov 09, 2023 4:59 pm
iim7V7IM7 wrote: Thu Nov 09, 2023 4:06 pm Year 1 - Money Market (Funds Year 1)
Year 2 - 1 year CD (Funds Year 2)
Year 3 - 2 year CD (Funds Year 3)
Year 4 - 3 year MYGA from > A-rated insurance company (Funds Year 4)
Year 5 - 4 year MYGA from > A+ rated insurance company (Funds Year 5)
I agree on the MYGA's, but OP said not considering annuities. IMO, a CD ladder is the easiest to build and maintain, a few clicks and done (at Fidelity which is what I use).

Image
Are MYGAs FDIC insured?
by flyingaway
Sat Nov 11, 2023 11:09 am
Forum: Personal Consumer Issues
Topic: What video games are you currently playing?
Replies: 528
Views: 86704

Re: What video games are you currently playing?

Are you guys retirees playing video games? or younger people like my children?
I do play casino games on my phone.
by flyingaway
Sat Nov 11, 2023 10:49 am
Forum: Investing - Theory, News & General
Topic: What are the drawbacks of a callable CD beyond the obvious?
Replies: 16
Views: 2059

Re: What are the drawbacks of a callable CD beyond the obvious?

Just report back that these 5.7% callable 5-year CD at Fidelity appeared on last Friday, were gone in a few hours, while I was waiting for comments on Bogleheads.
by flyingaway
Fri Nov 10, 2023 9:35 pm
Forum: Investing - Theory, News & General
Topic: What are the drawbacks of a callable CD beyond the obvious?
Replies: 16
Views: 2059

Re: What are the drawbacks of a callable CD beyond the obvious?

I have never bought a brokered CD, so I am learning the varieties. There exist callable CDs, there must be some reasons for that and there must be customers for those CDs. I just want to know the advantages and disadvantages of callable and non-callable CDs, so that I could make better decisions.
by flyingaway
Fri Nov 10, 2023 3:34 pm
Forum: Investing - Theory, News & General
Topic: What are the drawbacks of a callable CD beyond the obvious?
Replies: 16
Views: 2059

Re: What are the drawbacks of a callable CD beyond the obvious?

I want a longer term CD, but it is callable. However, my point here is even if it is called, it is still better than the shorter term CD. Right? The concern is not so much if it's called, but rather, if it's NOT called. i.e. Flip it around. The 5 year, callable in 6 months, should be thought of as a 6 month CD, that the issuer can extend for up to 4.5 extra years. Most likely, the issuer will NOT extend if rates go DOWN, but WILL extend if rates go up. So, if we get to a 6.5% or 7.0% rate environment (seems high, but then, all current rates would have seemed high ~2 years ago), then the bank will extend, and you'll get the 5.7% instead of a higher rate if you'd been rolling shorter term CDs. In this case, would it be worse if you bought a ...
by flyingaway
Fri Nov 10, 2023 2:24 pm
Forum: Investing - Theory, News & General
Topic: What are the drawbacks of a callable CD beyond the obvious?
Replies: 16
Views: 2059

Re: What are the drawbacks of a callable CD beyond the obvious?

Call_Me_Op wrote: Fri Nov 10, 2023 1:58 pm I hold about 10% of my fixed-income in a callable CD paying 6% with 10 year maturity. It can be called every 6 months. I figured it is likely to be called at the 6 month point, in which case I make 3% safely - higher than you can get anywhere else over a 6 month period. If rates go up and I am stuck with it, I still get 6% interest each year. It is highly unlikely that inflation will increase to levels (over 10 years) that make a 6% return unattractive. Of course, anything is possible.
I am thinking along this line, although I don't have a 10 year long period. I am doing this in my IRA account and buying CDs or individual bonds is new to me. I have been holding a bond fund for many years.
by flyingaway
Fri Nov 10, 2023 1:56 pm
Forum: Investing - Theory, News & General
Topic: What are the drawbacks of a callable CD beyond the obvious?
Replies: 16
Views: 2059

Re: What are the drawbacks of a callable CD beyond the obvious?

alex_686 wrote: Fri Nov 10, 2023 1:42 pm I find your question a bit confusing.

However there are no drawbacks of a callable CD beyond the obvious.

You will get the 5.7% interest rate until 1) maturity or 2) until the CD is called.

Do you want a longer term CD? You are taking on higher duration (interest rate) risk and liquidity risks (CDs are not easy to sell). In exchange you are getting a known fixed rate, which is generally higher than something short term. That calculus is up to your risk and reward preferences.
I want a longer term CD, but it is callable. However, my point here is even if it is called, it is still better than the shorter term CD. Right?

At this time, the shorter term CDs usually have higher interest rates.
by flyingaway
Fri Nov 10, 2023 1:34 pm
Forum: Investing - Theory, News & General
Topic: What are the drawbacks of a callable CD beyond the obvious?
Replies: 16
Views: 2059

What are the drawbacks of a callable CD beyond the obvious?

If a 5-year callable CD has an interest rate of 5.7%, can be called every 6 months, and a 6 month call-protected CD has an interest rate of 5.4%, what are the drawbacks of buying a 5-year callable CD, and implicitly you do want a longer term CD?

Do you get the promised higher interest even if it is called later?
by flyingaway
Fri Nov 10, 2023 11:28 am
Forum: Personal Investments
Topic: Trade date and settlement date in brokered CDs
Replies: 4
Views: 752

Re: Trade date and settlement date in brokered CDs

nalor511 wrote: Fri Nov 10, 2023 1:11 am
flyingaway wrote: Thu Nov 09, 2023 11:47 am I am considering to buy some brokered CDs at Fidelity. If I buy it today (11/9) with the money from my money market fund and the settlement date is 11/15. Will they take the money from my money market fund today and actually settle the CD on 11/15, so I lose interests for a few days? There is not a big difference in interests between money market and CDs now, but I can lock the CD interests.
Buy TBills at Fidelity and you can beat CDs and pay no state tax and settlement is only t+1
Do you auto-roll the TBills? I have been lazy for a long time and just leave the money in a money market account. I think I need to do something.
by flyingaway
Thu Nov 09, 2023 10:24 pm
Forum: Investing - Theory, News & General
Topic: 8% SWR!
Replies: 112
Views: 13056

Re: 8% SWR!

Sometimes it might work.
by flyingaway
Thu Nov 09, 2023 11:47 am
Forum: Personal Investments
Topic: Trade date and settlement date in brokered CDs
Replies: 4
Views: 752

Trade date and settlement date in brokered CDs

I am considering to buy some brokered CDs at Fidelity. If I buy it today (11/9) with the money from my money market fund and the settlement date is 11/15. Will they take the money from my money market fund today and actually settle the CD on 11/15, so I lose interests for a few days? There is not a big difference in interests between money market and CDs now, but I can lock the CD interests.
by flyingaway
Wed Nov 08, 2023 4:50 pm
Forum: Personal Investments
Topic: What is your total accumulation number, how did you come to it. No Judgements!
Replies: 404
Views: 73650

Re: What is your total accumulation number, how did you come to it. No Judgements!

sailaway wrote: Wed Nov 08, 2023 4:40 pm
vrr106 wrote: Wed Nov 08, 2023 4:25 pm Wow, 8 pages of discussion so far on this topic. Wouldn't one's accumulation number just be somewhere in the 25x-40x spending, depending on how closely you want to use the Trinity study research or add additional safety buffer on top of that?
Well, some want 50x or more, and when you put actual numbers to it, humans in general struggle to comprehend something outside of their own experience. The number of times we have seen some call $60k poverty or question how someone could possibly expect to spend $200k are what really add to the page count here.
Those who want 50X just do not want to retire. So it does not matter to them if it is 25X or 50X, if they are not actively working towards retirement.
by flyingaway
Wed Nov 08, 2023 2:00 pm
Forum: Personal Investments
Topic: With RMDs now Taken at 75 - Do They Really Affect Your Fiscal Planning?
Replies: 92
Views: 9422

Re: With RMDs now Taken at 75 - Do They Really Affect Your Fiscal Planning?

If I make it to 75 and have a lot of money in my IRAs, I will be very happy to deal with any RMD issues. At this time, I am trying to figure out how to spend most of my money, but not all of my money before I have any energy to spend it. Late 50s and retired.
by flyingaway
Wed Nov 08, 2023 9:42 am
Forum: Investing - Theory, News & General
Topic: Can passive index investing beat active AI investing
Replies: 96
Views: 9756

Re: Can passive index investing beat active AI investing

It is important to know the fees of AI invetsing.
by flyingaway
Tue Nov 07, 2023 9:06 am
Forum: Personal Finance (Not Investing)
Topic: How much did spending increase in early retirement?
Replies: 24
Views: 2874

Re: How much did spending increase in early retirement?

If you track your current spending, you can estimate your future spending in retirement by removing, adding, and modifying certain things that you know will change from working days to retirement. We did this and it worked out nicely. I did not mean the spending in retirement is exactly what we expected, because certain things unexpected do happen. But we have the big picture right. You need to do this estimate in order to get your number X in the 25X or 4% rule planning. To answer your specific question, our spending in retirement increases by 20%, mainly in the category of travel and entertainments. However, if we add the money that we are gifting to our children and taxes paid for Roth conversion, then our spending increases about 100% i...
by flyingaway
Mon Nov 06, 2023 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Did anyone spend too much in early retirement?
Replies: 71
Views: 14357

Re: Did anyone spend too much in early retirement?

While we are 5 weeks away from early retirement and haven’t yet started pulling from our retirement accounts, we are on the brink of doing that. For retirement we purchased a 100yr old farm that needs A LOT of work. So, as soon as we "retire" to build a hobby farm, we’re going to spend an enormous amount of money on things like farm house renovations (which started last year), farm equipment to include a tractor, greenhouse, and some infrastructure. The costs can be spread out some, but only so much. I’ve been working to receive some agricultural grant money and have secured some, but we’ll still be dumping at least 100k+ into the property pretty quickly (on top of what we've already put in which is a lot). I don’t recommend this...
by flyingaway
Mon Nov 06, 2023 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Did anyone spend too much in early retirement?
Replies: 71
Views: 14357

Re: Did anyone spend too much in early retirement?

snackdog wrote: Mon Nov 06, 2023 5:01 am Retired in 2020. Spending doubled and tripled vs pre-retirement. Not sure the impact. Time will tell!
Is it still within the 4% rule?
by flyingaway
Mon Nov 06, 2023 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Did anyone spend too much in early retirement?
Replies: 71
Views: 14357

Re: Did anyone spend too much in early retirement?

While we are 5 weeks away from early retirement and haven’t yet started pulling from our retirement accounts, we are on the brink of doing that. For retirement we purchased a 100yr old farm that needs A LOT of work. So, as soon as we "retire" to build a hobby farm, we’re going to spend an enormous amount of money on things like farm house renovations (which started last year), farm equipment to include a tractor, greenhouse, and some infrastructure. The costs can be spread out some, but only so much. I’ve been working to receive some agricultural grant money and have secured some, but we’ll still be dumping at least 100k+ into the property pretty quickly (on top of what we've already put in which is a lot). I don’t recommend this...
by flyingaway
Mon Nov 06, 2023 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an annual budget?
Replies: 99
Views: 11105

Re: Do you have an annual budget?

In retirement and no budget.

However, we have tracked our total spending for many years. I know that our basic spending (daily needs, insurances, taxes, normal entertainments, etc.) would be met by a 2% SWR. I set a spending ceiling of 4% of my previous-year portfolio balance and track my up-to-month spending month by month (only rough, not itemized tracking). So if I am planning an expensive $20,000 Europe trip which could push my spending over the 4% total, I would trim the trip or find a cheaper alternative (e.g., going to South America).
by flyingaway
Mon Nov 06, 2023 1:51 pm
Forum: Investing - Theory, News & General
Topic: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
Replies: 11
Views: 1389

Re: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?

I didn't look at actual bond funds, but I did look once at real-world balanced funds. I explored how well they would have supported 4% withdrawals in "4% rule" withdrawals from real mutual funds One way to summarize the results is as follows. https://imgur.com/STeFdCf.png "60-40" is, in fact, a combination of the Ibbotson paper results, 60% "large company stocks," 40% "intermediate-term government bonds." The rest are all mutual funds. In each case the time period was since fund inception, so they are all for differing time period, and they were all actively managed and almost certainly varied stock-bond allocation--I know this the case for Wellington--and wouldn't have necessarily been 60/40. (FPURX...
by flyingaway
Mon Nov 06, 2023 1:42 pm
Forum: Investing - Theory, News & General
Topic: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
Replies: 11
Views: 1389

Re: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?

A bond fund generally will have a constant average duration. A ladder that long is likely to have a declining duration over time if it isn't a rolling ladder. If it isn't a rolling ladder then it isn't a 60/40 portfolio. Not necessarily; if you re-balance to something like cash you can still have a descending duration. Yes necessarily. By definition you're not maintaining 60/40 stock/bond if you replace the bonds with something that's not bonds. Even if you stay with a fixed bond allocation but change the duration of the bonds over time, for example via a duration glidepath, you're no longer talking about the same thing. Let's give the OP the benefit of the doubt that they understand that rolling ladders and funds of matching average durat...
by flyingaway
Mon Nov 06, 2023 11:18 am
Forum: Personal Consumer Issues
Topic: cross country drive in a 10 year old vehicle, thoughts?
Replies: 87
Views: 8467

Re: cross country drive in a 10 year old vehicle, thoughts?

I could have done that when I was young, but not in my late 50s.

I had one accident on the road when I was a graduate student with my family. The car was totaled and we were not injured fortunately. We stayed in a roadside motel for one night, gave many things to the hotel maid, and took a greyhound bus to our next destination, then flied to home airport and took a taxi home.
by flyingaway
Mon Nov 06, 2023 10:57 am
Forum: Personal Consumer Issues
Topic: Can I Deposit a Check for Someone Else in Their Chase bank Account?
Replies: 34
Views: 7160

Re: Can I Deposit a Check for Someone Else in Their Chase bank Account?

If your friend signs the back of the check, you can deposit it into his/her account. No ID is required unless you want cash back.
by flyingaway
Mon Nov 06, 2023 10:55 am
Forum: Investing - Theory, News & General
Topic: Is it so difficult to do nothing?
Replies: 63
Views: 8400

Re: Is it so difficult to do nothing?

It is difficult to do nothing when "everyone" is urging you to Do Something. +1 Very difficult since retirement. Retirement was quite a mental shift for me. Prior to knowing about Bogleheads, I survived 2000 and 2008 by doing nothing because I didn't know what to do. I mentally wrote off my investments, and realized I needed to prepare for eventual retirement. Turns out that doing nothing during those times was incredibly a solid path to follow. Wish I could take credit for being smart to make those choices, but admittedly I wasn't. Currently I acknowledge that my portfolio is sufficient, no debts, SS at 70, house paid off, etc. Discovering Bogleheads about 6 years ago was a godsend. Today though, I am struggling with not doing a...
by flyingaway
Mon Nov 06, 2023 10:36 am
Forum: Investing - Theory, News & General
Topic: Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?
Replies: 11
Views: 1389

Did the original 4% rule with 60/40 allocation use individual bonds or bond funds?

Bogleheads have been advocating 3-fund portfolios and one part of them is bonds. If I am not mistaken, that part is usually some kind of bond funds.

These days, there have been lots of discussions on bond ladders, TIPS ladders, CD ladders, and I bonds (2 years ago). Everyone seems to not like bond funds. Have we abandoned the 3-fund portfolio principle?

Did Bengen's original 4% rule calculations with 60/40 (or similar) allocation use individual bonds or bond funds or other metrics (long interest)?

Is there a big difference between holding a bond fund or laddering individual bonds for 30 years?
by flyingaway
Sun Nov 05, 2023 10:38 am
Forum: Personal Consumer Issues
Topic: Space Heaters?
Replies: 62
Views: 5257

Re: Space Heaters?

I used two oil-based space heaters for two rooms in my big house in the previous two winters, and kept the HVAC at lower temperature. It seems that the heating bills were high. I plan to not (or lightly) use the space heaters this year and to see how the heating bills will be.
by flyingaway
Sun Nov 05, 2023 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Did anyone spend too much in early retirement?
Replies: 71
Views: 14357

Re: Did anyone spend too much in early retirement?

I don't know if I am overspending or underspending, because I don't know the correct spending. I will know that after I die.

On the other hand, I will be happy to set 4% of my current portfolio as the ceiling of my spending for the next year, and 2% as the floor. There is no such thing as not be able to spend money if you want to and if you have it.
by flyingaway
Sun Nov 05, 2023 9:30 am
Forum: Personal Consumer Issues
Topic: Space Heaters?
Replies: 62
Views: 5257

Re: Space Heaters?

You guys don't use your HVAC in the winter?
by flyingaway
Sat Nov 04, 2023 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Did anyone spend too much in early retirement?
Replies: 71
Views: 14357

Re: Did anyone spend too much in early retirement?

DebiT wrote: Sat Nov 04, 2023 11:34 am Great topic for us new retirees who likely won’t be saying, wow, my portfolio keeps increasing no matter what I spent. Some metrics for how to decide how much is too much as we go along could be a great add on to the discussion.
How about the 2% rule?
by flyingaway
Sat Nov 04, 2023 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Did anyone spend too much in early retirement?
Replies: 71
Views: 14357

Re: Did anyone spend too much in early retirement?

I am more worried about: if you don't spend more now, you can't spend more later.
by flyingaway
Fri Nov 03, 2023 9:43 pm
Forum: Personal Investments
Topic: T-Bill Purchase Question
Replies: 12
Views: 1983

Re: T-Bill Purchase Question

Where did you do this transaction?
by flyingaway
Tue Oct 24, 2023 8:51 am
Forum: Personal Investments
Topic: Fidelity CMA overdraft
Replies: 66
Views: 9237

Re: Fidelity CMA overdraft

I always used SPAXX and didn't experience any problems. I don't know if there are major differences in their money market funds. I know there is one with a minimum balance of $100,000, which is different.
by flyingaway
Mon Oct 23, 2023 10:34 am
Forum: Investing - Theory, News & General
Topic: Risk tolerance, with 2yrs expenses banked
Replies: 15
Views: 1826

Re: Risk tolerance, with 2yrs expenses banked

If you hold cash in a money market account or CD, it is considered as invested now. I don't think you need to mentally distinguish the 2-year cash from other fixed income assets. Thanks - agreed. I edited my original post regarding this. Beyond that, I simply wanted to point out that, within the non-equity portion of our portfolio, I plan to keep 2 years of expenses in a money market fund (versus long bond, etc.) I usually don't keep a lot of money in money market funds, but when I rolled my 401k into my IRA in 2022, I had to liquid all funds. I didn't buy back the total bond funds I owned in 401k, but have kept the money in a money market funds, because I don't know what funds to buy. That amount is about 6 years of my annual expenses.
by flyingaway
Mon Oct 23, 2023 8:20 am
Forum: Personal Consumer Issues
Topic: Overseas text messaging
Replies: 27
Views: 2477

Re: Overseas text messaging

T-Mobile has free text messaging and data for more than 120 countries. I use it for Google maps in many parts of the world. Calls are $0.25 per minutes.
by flyingaway
Mon Oct 23, 2023 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Portfolio review, can I FIRE
Replies: 10
Views: 2062

Re: Portfolio review, can I FIRE

Financially you are OK to FIRE, with a 3.3% SWR, which is sustainable even if you both FIRE.
As I said in many places, the best SWR is that your spouse likes to work. So that will help a lot. You also have social security in the long run.
I'm not urging you to quit. I am saying that you are OK to do anything, even if you decide to retire.
Figure out what you want to do in your retired free time. If that is better than working, I would just retire. Life is short.
by flyingaway
Sun Oct 22, 2023 10:39 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance, with 2yrs expenses banked
Replies: 15
Views: 1826

Re: Risk tolerance, with 2yrs expenses banked

If you hold cash in a money market account or CD, it is considered as invested now. I don't think you need to mentally distinguish the 2-year cash from other fixed income assets.
by flyingaway
Wed Oct 18, 2023 9:28 am
Forum: Investing - Theory, News & General
Topic: Retired, Unretired, Retired Again - Lessons Learned?
Replies: 37
Views: 7068

Re: Retired, Unretired, Retired Again - Lessons Learned?

If you are willingly retired, not forced out, I don't know why you want to get back.
by flyingaway
Wed Oct 18, 2023 9:22 am
Forum: Personal Investments
Topic: Tired of working. Are we ready to retire?
Replies: 65
Views: 13113

Re: Tired of working. Are we ready to retire?

The best retirement strategy is that your spouse likes to keep working.
by flyingaway
Tue Oct 17, 2023 9:39 pm
Forum: Investing - Theory, News & General
Topic: Multiple-Redundancy "Bullet Proof" SWR for Early Retiree
Replies: 30
Views: 4569

Re: Multiple-Redundancy "Bullet Proof" SWR for Early Retiree

I am going to use the 4% rule as a guideline. But I know the future will not look like anything in the past because of the huge national debt.
by flyingaway
Sat Oct 14, 2023 11:20 pm
Forum: Personal Investments
Topic: Who has a financial advisor/planner and why?
Replies: 181
Views: 18450

Re: Who has a financial advisor/planner and why?

heyyou wrote: Sat Oct 14, 2023 1:40 pm Since early retirement, I've been paying $2000 a year for a flat fee adviser who recommends index funds. At first it was for my wife who was a decade younger, but now it is for me, due to a slowly deteriorating medical condition. I like having that buffer between my assets and my home computer. YMMV
Note the distinction of what suits almost all Bogleheads, may or may not be the preference of everyone else who buys index funds.
So last year, the recommendation was to buy Fidelity S&P500 index fund, and this year's recommendation is to buy Vanguard S&P500 index fund?
by flyingaway
Sat Oct 14, 2023 10:46 am
Forum: Personal Investments
Topic: Who has a financial advisor/planner and why?
Replies: 181
Views: 18450

Re: Who has a financial advisor/planner and why?

If you are regulars on this board and spending time to participate in the discussions, any financial advisor/planner is a waste of money. This is my opinion. No one knows the future for sure and nothing is perfect.
by flyingaway
Fri Oct 13, 2023 8:00 pm
Forum: Personal Investments
Topic: Advice on preparing to FIRE in next 1-2 years
Replies: 28
Views: 5930

Re: Advice on preparing to FIRE in next 1-2 years

808surfboy wrote: Fri Oct 13, 2023 6:08 pm I was planning to live in Thailand on retirement visa or Thai Elite Visa
You probably just need $30,000~$40,000 per year to live comfortably in Thailand.