Search found 1518 matches

by flyingaway
Sun Dec 17, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 31
Views: 3351

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

CFM300 wrote:
Sat Dec 16, 2017 1:06 am
Travel while you are young. You will almost certainly have life-changing cultural experiences overseas, perhaps even unexpected professional opportunities. Go.
The outcome may be good or bad and is debatable. I would think doing such things blindly is irresponsible.
by flyingaway
Sun Dec 17, 2017 11:41 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 173
Views: 12495

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

Digital Dave wrote:
Sun Dec 17, 2017 11:15 am
A Google Home in every room.

When I upgrade my electronics, instead of selling the old stuff, I give it to my friends. I get a new device (iPad) and a friend now enjoys my old one.

Dave
So your friends are true Bogleheads.
by flyingaway
Fri Dec 15, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 31
Views: 3351

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

I find it most interesting that folks who have gone on this sort of adventure, have taken away valuable life lessons, perspective, etc. While this is not the primary goal for us, it's definitely a welcome side effect. :sharebeer Interesting. If you are not going to learn something about life or you...
by flyingaway
Fri Dec 15, 2017 11:52 am
Forum: Personal Finance (Not Investing)
Topic: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?
Replies: 26
Views: 2314

Re: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?

I retired in September 2014, 3 years and 3 months ago. I have been tracking my expenses for the past 20 years, including the years in retirement. Before I retired, I have created an approximate budget for the retirement years, when I would be living off my assets and having more opportunities to sp...
by flyingaway
Thu Dec 14, 2017 9:53 pm
Forum: Investing - Theory, News & General
Topic: interest rate hike, bond went UP
Replies: 7
Views: 1866

Re: interest rate hike, bond went UP

The price dropped a lot before the hike, then went up on the day of hike. It is unpredictable, I guess.
by flyingaway
Thu Dec 14, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Analysis Paralysis: Can you get to the bottom of things?
Replies: 136
Views: 9106

Re: Analysis Paralysis: Can you get to the bottom of things?

Hello BH, Good morning flyingaway, Good evening all, I found this quote funny. If I had the perfect portfolio, I would not tell anyone. For me, I think if I had the perfect portfolio, I would tell everyone. I don't think I could help myself. To the OP, you have been given great advice here. The per...
by flyingaway
Tue Dec 12, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 141
Views: 14301

Re: What to do after losing $117k in stock market?

I would pay off the student loan and mortgage first.
by flyingaway
Tue Dec 12, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 71
Views: 8797

Re: Retire in my early 40s? Crazy or actually doable?

Retiring is a mistake, until you have nothing more to contribute. That is not a moral statement, but an individualistic one. Over the course of my career I have met many mentally and physically men aged well before their time do to early retirement. People think how nice it would be not to answer t...
by flyingaway
Mon Dec 11, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 173
Views: 12495

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: 41
Views: 3133

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: 1688

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: 80
Views: 7700

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: 5886

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: 31
Views: 3351

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: 5886

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: 5886

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: 5886

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: 5886

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: 31
Views: 3351

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: 55
Views: 3422

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: 89
Views: 7602

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: 36
Views: 2276

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: 1439

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: 5846

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: 70
Views: 5511

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: 993

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 Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 173
Views: 12495

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: 5886

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: 279
Views: 38782

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: 5886

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: 1540

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: 2913

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: 5886

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: 65
Views: 4104

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: 2913

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: 5846

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 10:58 am
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 173
Views: 12495

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

Vacation and travel.
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: 5886

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: 865

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: 31
Views: 3799

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: 630

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: 31
Views: 3799

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: 5484

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: 865

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: 2795

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: 3834

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: 11186

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: 11186

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: 3834

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: 3834

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...