Search found 2010 matches

by flyingaway
Sun Feb 17, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: First thing(s) you'd do when you achieve financial independence?
Replies: 53
Views: 3208

Re: First thing(s) you'd do when you achieve financial independence?

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...
by flyingaway
Sun Feb 17, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 404
Views: 51223

Re: Year 2000 retirees using the '4% rule' - Where are they now?

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...
by flyingaway
Sun Feb 17, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 404
Views: 51223

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Good work. Any idea about how much does the 100% stock guy have now?
by flyingaway
Sat Feb 16, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 357
Views: 81905

Re: If your networth is over $3 million, how did you do it?

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.
by flyingaway
Sat Feb 16, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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...
by flyingaway
Sat Feb 16, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

@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 ...
by flyingaway
Sat Feb 16, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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...
by flyingaway
Sat Feb 16, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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...
by flyingaway
Fri Feb 15, 2019 6:19 pm
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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...
by flyingaway
Fri Feb 15, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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...
by flyingaway
Fri Feb 15, 2019 1:31 pm
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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...
by flyingaway
Fri Feb 15, 2019 1:27 pm
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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,...
by flyingaway
Fri Feb 15, 2019 1:18 pm
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

Re: What are your best retirement years?

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?
by flyingaway
Fri Feb 15, 2019 11:48 am
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4250

What are your best retirement years?

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...
by flyingaway
Tue Feb 12, 2019 7:48 pm
Forum: Personal Investments
Topic: What kind of end balance makes you happy?
Replies: 27
Views: 2008

Re: What kind of end balance makes you happy?

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...
by flyingaway
Tue Feb 12, 2019 7:46 pm
Forum: Personal Investments
Topic: What kind of end balance makes you happy?
Replies: 27
Views: 2008

Re: What kind of end balance makes you happy? ZERO

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 ...
by flyingaway
Tue Feb 12, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 349
Views: 31154

Re: Early retirees, how much did you leave on the table?

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...
by flyingaway
Tue Feb 12, 2019 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 349
Views: 31154

Re: Early retirees, how much did you leave on the table?

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...
by flyingaway
Tue Feb 12, 2019 6:08 pm
Forum: Personal Investments
Topic: What kind of end balance makes you happy?
Replies: 27
Views: 2008

Re: What kind of end balance makes you happy?

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.
by flyingaway
Tue Feb 12, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 349
Views: 31154

Re: Early retirees, how much did you leave on the table?

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...
by flyingaway
Tue Feb 12, 2019 1:56 pm
Forum: Personal Investments
Topic: What stress test do you run on your retirement portfolio?
Replies: 39
Views: 2207

Re: What stress test do you run on your retirement portfolio?

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...
by flyingaway
Tue Feb 12, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 349
Views: 31154

Re: Early retirees, how much did you leave on the table?

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?
by flyingaway
Tue Feb 12, 2019 12:14 pm
Forum: Personal Investments
Topic: What stress test do you run on your retirement portfolio?
Replies: 39
Views: 2207

Re: What stress test do you run on your retirement portfolio?

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 ...
by flyingaway
Tue Feb 12, 2019 12:11 pm
Forum: Personal Investments
Topic: What stress test do you run on your retirement portfolio?
Replies: 39
Views: 2207

Re: What stress test do you run on your retirement portfolio?

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?
by flyingaway
Tue Feb 12, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 106
Views: 8272

Re: Being content with your finances

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.
by flyingaway
Tue Feb 12, 2019 11:58 am
Forum: Personal Investments
Topic: What kind of end balance makes you happy?
Replies: 27
Views: 2008

Re: What kind of end balance makes you happy?

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...
by flyingaway
Tue Feb 12, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: How much Fixed Income on the day you retire?
Replies: 76
Views: 5276

Re: How much Fixed Income on the day you retire?

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...
by flyingaway
Tue Feb 12, 2019 11:30 am
Forum: Personal Investments
Topic: What kind of end balance makes you happy?
Replies: 27
Views: 2008

What kind of end balance makes you happy?

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...
by flyingaway
Tue Feb 12, 2019 9:49 am
Forum: Personal Investments
Topic: Holding too much cash now?
Replies: 34
Views: 3839

Re: Holding too much cash now?

This "cash" is just a part of your bond allocation, unless you want 100% in stocks.
by flyingaway
Sun Feb 10, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 8793

Re: "Living comfortably in retirement"

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.
by flyingaway
Wed Feb 06, 2019 1:38 pm
Forum: Personal Consumer Issues
Topic: What do you blame for unhappiness in retirement?
Replies: 53
Views: 3703

Re: What do you blame for unhappiness in retirement?

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...
by flyingaway
Wed Feb 06, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: What do you blame for unhappiness in retirement?
Replies: 53
Views: 3703

Re: What do you blame for unhappiness in retirement?

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...
by flyingaway
Wed Feb 06, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: What do you blame for unhappiness in retirement?
Replies: 53
Views: 3703

Re: What do you blame for unhappiness in retirement?

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...
by flyingaway
Wed Feb 06, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: What do you blame for unhappiness in retirement?
Replies: 53
Views: 3703

Re: What do you blame for unhappiness in retirement?

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...
by flyingaway
Wed Feb 06, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: What do you blame for unhappiness in retirement?
Replies: 53
Views: 3703

What do you blame for unhappiness in retirement?

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...
by flyingaway
Mon Feb 04, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21328

Re: Larry Swedroe: 3% is the new 4%

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...
by flyingaway
Mon Feb 04, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21328

Re: Larry Swedroe: 3% is the new 4%

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.
by flyingaway
Sat Feb 02, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Please critique my plan for early retirement
Replies: 42
Views: 4956

Re: Please critique my plan for early retirement

What do you plan to do in your "retirement" for the next 50 years?
by flyingaway
Thu Jan 31, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: When taking Social Security @62 could be wise
Replies: 125
Views: 6948

Re: When taking Social Security @62 could be wise

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.
by flyingaway
Thu Jan 31, 2019 3:46 pm
Forum: Personal Consumer Issues
Topic: Advices on trip to Colombia (Cartagena and Santa Marta)?
Replies: 10
Views: 540

Re: Advices on trip to Columbia (Cartagena and Santa Marta)?

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.
by flyingaway
Thu Jan 31, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 152
Views: 8340

Re: Were you 100% debt free at retirement

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...
by flyingaway
Wed Jan 30, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Advices on trip to Colombia (Cartagena and Santa Marta)?
Replies: 10
Views: 540

Re: Advices on trip to Columbia (Cartagena and Santa Marta)?

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...
by flyingaway
Wed Jan 30, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Advices on trip to Colombia (Cartagena and Santa Marta)?
Replies: 10
Views: 540

Advices on trip to Colombia (Cartagena and Santa Marta)?

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...
by flyingaway
Wed Jan 30, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: It was a dip. Did you notice? The December drop is over.
Replies: 96
Views: 11630

Re: It was a dip. Did you notice? The December drop is over.

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...
by flyingaway
Wed Jan 30, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: "Money Savage" podcast with guest Rick Ferri
Replies: 19
Views: 2388

Re: "Money Savage" podcast with guest Rick Ferri

I also like to read, especially you want to go back to verify something, and cross reference something.
by flyingaway
Tue Jan 29, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: Please share some lifestyle creep you regret.
Replies: 130
Views: 10712

Re: Please share some lifestyle creep you regret.

A large house with 6 bedrooms. I never liked it, but my wife likes it.
by flyingaway
Tue Jan 29, 2019 11:19 pm
Forum: Personal Consumer Issues
Topic: AARP worth it for non-retirees who don't travel much?
Replies: 23
Views: 1909

Re: AARP worth it for non-retirees who don't travel much?

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...
by flyingaway
Tue Jan 29, 2019 11:15 pm
Forum: Investing - Theory, News & General
Topic: FIRECalc, do you accept their assumption?
Replies: 91
Views: 6993

Re: FIRECalc, do you accept their assumption?

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...
by flyingaway
Tue Jan 29, 2019 10:35 pm
Forum: Investing - Theory, News & General
Topic: FIRECalc, do you accept their assumption?
Replies: 91
Views: 6993

Re: FIRECalc, do you accept their assumption?

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.
by flyingaway
Tue Jan 29, 2019 9:57 pm
Forum: Personal Consumer Issues
Topic: AARP worth it for non-retirees who don't travel much?
Replies: 23
Views: 1909

Re: AARP worth it for non-retirees who don't travel much?

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.