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flyingaway

Delayed gratification means that you'll get that gratification some days down the road. You work hard for a purpose. Some might work harder to accelerate their savings so they can get there faster. The moment you cross the finish line, what are the first things you would do? My wife and I hopefully...

flyingaway

Good work. Any idea about how much does the 100% stock guy have now? As of the end of last month, they would have an inflation-adjusted $361,445 ($539,555 nominal), nine more years of expenses assuming a 0% real return. They might make it to the 30 year mark, but a big market downturn that isn't fo...

flyingaway

Good work. Any idea about how much does the 100% stock guy have now?

flyingaway

pdavi21 wrote: ↑
Sat Feb 16, 2019 11:08 am
It's going to be income. If you are good at saving and investing, you will never need 3 million 2019 dollars...ever...

I think, just my thinking, that if I retire before 60 without a pension, I do need a networth of $3M, just to be safe.

flyingaway

Seems like 50-55 would be the best due to declining health in the later years. Even if you are healthy, you have less energy, curiosity, etc as you age, you just sort of mentally and physically wear out. +1 The younger/healthier you are, the happier you are potentially. As you age you become less e...

flyingaway

@Lynette The problem with "just going there" and "mixing with the locals" does not guarantee that they will want to mix with me. I was briefly a Latin teacher fifty years ago so I excel in grammar but am a little self-conscious to open my mouth in case I get the genders or moods wrong - I am still ...

flyingaway

Flyingaway, We keep coming back to this. What is enough? All I can tell you is that I have seen very few people who regretted retiring no matter the age. Sure there are some stories of people hating it and going back to work, but for most, retirement has been a blessing. You just need to ask yourse...

flyingaway

My dad is 80. I caught him one day this past summer standing on top of a 20 foot hand-made wood scaffolding, topping off his redwoods. I almost crapped myself! :shock: But he is a stubborn mule and thankfully in top physical condition, so it won't matter one lick if I "get on to him," he is gonna d...

flyingaway

Of course, one should try to enjoy each year. Health is important but no one can predict the future. I traveled the world and worked into my seventies. Now in my mid seventies I have been studying photography and Spanish at a community college. Later this year I want to take a course to become a Ma...

flyingaway

I am going to guess 60-65 will be the sweet spot for enthusiasm, health, wealth and availability of social interaction. Thinking 65-70 would be second followed by 55-60 and 50-55. I think people improperly discount the importance of the health and well being of their playmates. Yes. Health and weal...

flyingaway

I have been retired 19 years, since I was 52. I have had a great time all the way to age 68 when my health started to get in the way of having fun. At 55 I could ski or hike all day and then go out to midnight partying. Yes I had some health issues along the way but they went away after a time. Now...

flyingaway

The best years are when you are healthy and independent. The worst years are when you are ill and dependent. In retirement you have much more time and control over your health: sleep, fresh air, diet, supplements, exercise, stress, exposure to harmful environments, etc. 5-10 years after retirement,...

flyingaway

dbr wrote: ↑
Fri Feb 15, 2019 11:52 am
This year every year. No time like the present.

If you retire early, do you regret? because the present seems the best.
If you retire late, do you feel you missed something?

flyingaway

What are your best years in retirement? and why? How about using (overlapped, I know) intervals, 50-55, 55-60, 60-65, 65-70, not necessarily accurate. Please also describe the activities that make your retirement years best or happy, such as extensive travel, playing with grandkids, playing video ga...

flyingaway

While I understand the principle behind "aiming for 0", given the uncertain nature of longevity and especially the late-life expenses that might come up, that seems really dangerous to me. Aiming for plenty throughout seems much safer. Leaving money for my kids is a much lower priority, so I do not...

flyingaway

What kind of end balance makes you happy" Answer: ZERO I'll try to explain: I am 95 years old. My wife for 62 years died May 10, 2013. My only heirs are my two sons who are (happily) receiving their inheritance while I am still alive. The University of Miami gets my body for medical research so no ...

flyingaway

My question to you.....on the day you die, how much will you "leave on the table?" Nobody knows, but I imagine that most folks on this forum will have quiet a sum not used to share with their heirs or charities of their choice. Can't get back the time you lose working, though. For me, the retiremen...

flyingaway

Money isn't all of it, but it's a big part of it. It's extremely hard to have enough if you retire early. Even if you are lucky-enough to have a large nest egg early, how do you know it's enough? For example, you and your spouse may incur very little in LTC costs, or you may incur a couple of milli...

flyingaway

OP here . One of the reasons for me to worry about the end balance is that I cannot predict my death day accurately at this time. So some amount above zero in simulations is desired.

flyingaway

I bring back this thread and want to ask a related question. If you leave work and leave a lot of money on the table, but you friends continue to work and collect that money, how do you feel about that? If you were OK leaving the money on the table, why would the fact that someone else kept scoopin...

flyingaway

I use 2008. I have no clue what this means, how do you use it? -50% return? In 2008, I watched my asset pile decline precipitously. At the bottom, I realized I might not have enough if things kept falling and didn't recover. I took (ill-advised, it turns out) steps to give my assets time to recover...

flyingaway

I bring back this thread and want to ask a related question.
If you leave work and leave a lot of money on the table, but you friends continue to work and collect that money, how do you feel about that?

flyingaway

One of my retirement portfolio stress tests is to calculate the number of months my current retirement savings will last at 0% real growth at 3 different withdrawal levels to verify I have sufficient funds for retirement. What stress test do other BH use? I would test with zero social security and ...

flyingaway

TheTimeLord wrote: ↑
Tue Feb 12, 2019 11:04 am

Raybo wrote: ↑
Tue Feb 12, 2019 11:00 am
I use 2008.
I have no clue what this means, how do you use it?

-50% return?

flyingaway

When I was in my 20s, yes, I was not content.
Now I am almost 55, yes, I am content with my income and my finances.

flyingaway

Are you saying that you want the average projected terminal portfolio balance or the minimum projected terminal balance to exceed the original nest egg? The latter would be overly restrictive IMO. Or is this just a pipe dream? I'm not one who wants to spend my last dollar before I die, but I certai...

flyingaway

Another thread spawned these questions in my mind. On the day you retire how many years of expenses do you want to have in fixed income assets, including cash? How many years prior to retirement would you want to achieve this level to protect against Sequence of Returns Risk? For me the answers are...

flyingaway

In playing with various retirement calculators, there is an issue with the portfolio balance at the end of your simulations. FIRECalc shows maximum, minimum, and average balances, other calculators likely show a number. However, the success defined in FIRECalc is that the end balance is greater than...

flyingaway

This "cash" is just a part of your bond allocation, unless you want 100% in stocks.

flyingaway

I have the money and health to do what I want to do.
Hardly reachable, as my wants may change as I have more money.

flyingaway

Easy answer... the unexpected sudden death of my recently retired 63-year old husband. That wasn't supposed to happen. We had more than enough money saved for retirement and plans for travel and finally getting to long delayed projects. The death of your best friend totally sucks. I am sorry for yo...

flyingaway

I read something recently about "living in the moment". That if we are constantly waiting for a better future and dwelling about our past, we will grow old, have wasted much of our lives, and not be happy. I'm paraphrasing, but it made great sense. Maybe I'll google it and read it again. edit: here...

flyingaway

I will say this my wife is one of the happiest people I have ever known but we both have difficulty seeing how she will enjoy retirement as much or more than work. For someone like her Financial Independence is wonderful allowing the freedom to pursue the jobs and challenges they want, REtirement a...

flyingaway

In my case genetic predisposition/personality type. When I took almost a year off after taking a package from MegaCorp I found the lack of socialization and isolation to be difficult. I accept I need people to interact and play with, so retiring before my friends and peers would lead to lots of fru...

flyingaway

I am about 55 and consider myself semi-retired. I go to teach every other day and make about 65% of what I used to make. I have about 25X to 28X of the annual expenses saved, dependent upon how you calculate. In theory, I could retire, but there are constant discussions on 3% rule, sequence of retur...

flyingaway

I now have satisfied the 4% rule. It seems that we need to work on the 3% rule. In a few years, I am afraid that someone will be talking about a 2% rule. We can work until we are dead, which does not need any rule. Even though I am a perennial member of the OMY club I am somewhere between terrified...

flyingaway

I now have satisfied the 4% rule. It seems that we need to work on the 3% rule.
In a few years, I am afraid that someone will be talking about a 2% rule.
We can work until we are dead, which does not need any rule.

flyingaway

What do you plan to do in your "retirement" for the next 50 years?

flyingaway

My wife and I have almost the equal amounts. Our current plan is for her to claim early and I claim late, which is a compromise. We are about 55, so anything can change between now and then.

flyingaway

SRenaeP wrote: ↑
Wed Jan 30, 2019 4:41 pm

I find the US State Dept warnings to be a bit alarmist. I always cross-reference against the British to see what they think.

https://www.gov.uk/foreign-travel-advice/colombia

I like the British warning map. It is easier to see which parts of the country are safe, based on their opinions.

flyingaway

I have grown to hate debt (even though there is good debt) and try to eliminate it no matter what. Currently the only debt we carry is for a car purchase because the Credit Union was offering a rate below the tax adjusted rate I could get for CD of a similar term. But even that monthly payment eati...

flyingaway

The State Department still has a travel advisory in effect for Columbia https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories/colombia-travel-advisory.html Perhaps the travel advisory will encourage other travelers to stay away and you'll find less competition for meals and a...

flyingaway

My wife and I are planning a trip to Cartagena and Santa Marta (Columbia) in March. The following is my tentative itinerary: Day 1: Arrive in and stay in Cartagena (in walled city), walk around the walled city, drink beers and coffee; Day 2: Take a bus to Santa Marta and stay in Santa Marta, walk ar...

flyingaway

It is almost the end of January. Does this thread need an update? Think about what just happened in December. Think about the furloughed workers and all the news since the beginning of December. Hindsight is 20/20. Do you have any foresight now? I know I will get paid and automatically buy more ind...

flyingaway

I also like to read, especially you want to go back to verify something, and cross reference something.

flyingaway

A large house with 6 bedrooms. I never liked it, but my wife likes it.

flyingaway

My own opinion is that AARP and AAA are doing something more than providing needed services to their members. I have never been a member of AARP, and just stopped being a member of AAA last year. I assume AARP advocates for persons over 50 and AAA advocates for drivers. It doesn't bother me. Even i...

flyingaway

After running it many times for fun, I think FIRECalc is just a dynamic version of the 4% rule. When I need a base number for retirement planning, I use the 4% rule. You can input just a few numbers and get a nice graphic representation of the 4% rule. Now as I'm close to retirement I like how I ca...

flyingaway

EnjoyIt wrote: ↑
Tue Jan 29, 2019 10:26 pm
Timelord, I think you are the king of One More Year

I look forward to one day seeing a post from you about 6 months after you finally retire letting us all know what it’s like.

I think that many people are doing OMY stealthily or unknowingly.

flyingaway

My own opinion is that AARP and AAA are doing something more than providing needed services to their members.
I have never been a member of AARP, and just stopped being a member of AAA last year.

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