Search found 1726 matches

by flyingaway
Fri Aug 17, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: How much contribute to a Roth account for dependent kid?
Replies: 4
Views: 242

How much contribute to a Roth account for dependent kid?

My son is a college student and he made about $3,000 as a research assistant on campus this year. We would like him to contribute his money to his new Roth account. He will be a dependent on our tax returns. Suppose the $3,000 is a gross salary and he actually received $2,500 in his bank account aft...
by flyingaway
Thu Aug 16, 2018 10:45 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 90
Views: 7648

Re: As an American, where are some great places in the world to retire?

My plan is to retire in San Juan, Puerto Rico where I’m originally from! Lots of pros for American retirees: Part of the US, English is widely spoken, US dollar, Direct flights to most major US cities, no passport required for people to visit you, cheap housing (plenty of $100k beach condos and dir...
by flyingaway
Thu Aug 16, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 90
Views: 7648

Re: As an American, where are some great places in the world to retire?

Evidence shows that moderate (mediterranean) climate is good for longevity... That's why I'm staying where I am, in Oakland, CA. https://en.wikipedia.org/wiki/Oakland,_California "Oakland has a warm-summer Mediterranean climate with an average of 260 sunny days per year. In general, the city featur...
by flyingaway
Thu Aug 16, 2018 10:21 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6752
Views: 1468179

Re: U.S. stocks in freefall

Too bad. I was thinking to do a large rebalance into bonds today to build my bond tent. Looks like I have to do it tomorrow. I was planning on the same thing. I had meant to put an order in yesterday to move $20k of S&P to Bonds to rebalance..... I didn't do that and now I think I'll wait a few day...
by flyingaway
Wed Aug 15, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 90
Views: 7648

Re: As an American, where are some great places in the world to retire?

Evidence shows that moderate (mediterranean) climate is good for longevity... That's why I'm staying where I am, in Oakland, CA. https://en.wikipedia.org/wiki/Oakland,_California "Oakland has a warm-summer Mediterranean climate with an average of 260 sunny days per year. In general, the city featur...
by flyingaway
Wed Aug 15, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 90
Views: 7648

Re: As an American, where are some great places in the world to retire?

I'm a 63-year-old living in Indonesia. My spouse and I are serving as full-time missionaries for our church. So we are retired from our former paid career, but are here sponsored by our church, which provides the visa. There is a visa program for retirees, but you have to hire a local maid and a fe...
by flyingaway
Wed Aug 15, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6752
Views: 1468179

Re: U.S. stocks in freefall

Too bad. I was thinking to do a large rebalance into bonds today to build my bond tent. Looks like I have to do it tomorrow.
by flyingaway
Tue Aug 14, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: How do OMYs affect your bond tent?
Replies: 1
Views: 293

How do OMYs affect your bond tent?

Suppose I could retire (today, age 54) with financial independence (based on the 4% rule or something else not to be discussed). In order to mitigate the effect of sequence of return risks, I had built a bond tent. Let us assume that my intended long-term allocation would be 70/30 stock/bond. My bon...
by flyingaway
Tue Aug 14, 2018 9:13 pm
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 90
Views: 7648

Re: As an American, where are some great places in the world to retire?

Speaking of retiring (not that I am close to it) in a foreign country, generally speaking, how does one become a resident in that foreign country (or is it even needed?)? I know working there is one option, but you are retired, so you don't want to work, but besides that and marriage, how do people...
by flyingaway
Tue Aug 14, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: When is leaving your job that pays well a good idea?
Replies: 74
Views: 6853

Re: When is leaving your job that pays well a good idea?

I have a job that a like a decent amount but I often wonder if this is the peak happiness I can get out of life. I make about $160k and am in my early 30’s. My wife and I have around $2 million between investments and our house. Between our careers and investment income we make $260k annually with ...
by flyingaway
Fri Aug 10, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Crossroad of what to do next?
Replies: 37
Views: 2598

Re: Crossroad of what to do next?

Agree with others. Pay off your loans and mortgages. It is very difficult to get any safe investment with returns higher than 3.5%.
by flyingaway
Thu Aug 09, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Valuations Too High?
Replies: 204
Views: 11026

Re: Larry Swedroe: Valuations Too High?

It is interesting that Larry Swedroe has decided not to participate in discussions on this forum some time ago. Yet people continued to put every one of his articles for discussions here as soon as they are published.
by flyingaway
Mon Aug 06, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Retire Internationally for FIRE
Replies: 94
Views: 12317

Re: Retire Internationally for FIRE

I am also originally from the Balkans as well but been living in the US for the past 23 years and I can attest to those prices. My parents live in the Balkans with only US social security ($2,000 between the two of them), and they live amazingly well and cannot spend the whole sum even if they want...
by flyingaway
Mon Aug 06, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14196

Re: Will you pay for your kids' college/graduate education?

Absolutely, before I pay for my own vacations.
by flyingaway
Tue Jul 24, 2018 4:13 pm
Forum: Personal Consumer Issues
Topic: Plannig International trips
Replies: 10
Views: 678

Re: Plannig International trips

Using the post office service.
by flyingaway
Tue Jul 24, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to change one's career in their 40s?
Replies: 88
Views: 7708

Re: Is it possible to change one's career in their 40s?

You could retire from your current job, enroll in a school, and write about your wonderful early retirement story to make some money.
by flyingaway
Mon Jul 23, 2018 12:55 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 70
Views: 8211

Re: Roll Call for the Retirement Class of 2019!

Assuming you already have enough to retire perhaps you should try not trying to save every penny but take some of your paycheck and go on a great vacation or buy something you have really been wanting. That might help you figure if you are wanting to retire because you want the additional free time...
by flyingaway
Sun Jul 22, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Real salary growth negative?
Replies: 45
Views: 4600

Re: Real salary growth negative?

My salary just doubled in 20 years.
From 2008 to 2016, my salary increased 4% in total. BUT, you know how much the stock market increased and I was in the market.
by flyingaway
Mon Jul 16, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14107

Re: Early retirement

The only negative reactions (vocal or nonvocal) came from a few hourly workers in retail establishments. They were used to seeing me in my work attire, and then I started coming in looking a bit disheveled. :) I think that if one is dissatisfied with their lives, it is hard for them to say "great" ...
by flyingaway
Mon Jul 16, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 58
Views: 4703

Re: FireCalc: How big a grain of salt?

In my opinion, FireCalc is just a detailed tool to reflect the 4% rule and is a planning tool to tell you how much MIGHT be needed for your retirement. As people said many times on this forum, human beings are flexible and situations are different. You don't know how long you will live, how market w...
by flyingaway
Sun Jul 15, 2018 9:41 pm
Forum: Personal Consumer Issues
Topic: Travel to Mainland China - Cyber Security
Replies: 25
Views: 2073

Re: Travel to Mainland China - Cyber Security

If you use your phone with a U.S. carrier, such as T-mobile, you will be able to use Gmail, GoogleMap, etc, just like in the U.S. (roaming with a China mobile carrier). However, if you use the Chinese network, such as the WiFi in hotels, you will not be able to use Gmail, GoogleMap, etc. If your com...
by flyingaway
Sun Jul 15, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 58
Views: 4703

Re: FireCalc: How big a grain of salt?

OMY and you will be fine, if still fearful than another OMY. OMY. OMY. OMY. OMY. To be honest, if BH could be in trouble by not having enough, imagine what the rest of the country/world would be like. YOLO :sharebeer When you can make the decision (to retire or not), OMY can alleviate many problems.
by flyingaway
Sat Jul 14, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14107

Re: Early retirement

My friends were mostly happy for me to retired early. I don't think most people care about what the other people are doing, they are too busy with their own life. This is my point. Who really care about you retired early or not? Probably you yourself fell so special that you think too much about ot...
by flyingaway
Sat Jul 14, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: At last: the answer to longevity planning for retirement spending
Replies: 11
Views: 852

Re: At last: the answer to longevity planning for retirement spending

If you do not have accidents, no diseases, then your genes determine how long you can live.
by flyingaway
Sat Jul 14, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6792

Re: Dave Ramsey made me laugh today

At 54, I know 100% stocks is best for me long-termly. But I want to sleep better, so I am now about 70/30 stocks/bonds.
by flyingaway
Sat Jul 14, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14107

Re: Early retirement

I have been providing financial support for my parents for over 30 years. I direct deposit their monthly maintenance, but I send checks for birthdays and other occasions. I just saw my parents for the first time since I retired in May. I discovered my mom assumed I had been fired and retired becaus...
by flyingaway
Fri Jul 13, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14107

Re: Early retirement

Why can't people ask questions? You don't have to answer any questions if you don't like to.
by flyingaway
Fri Jul 13, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: Anyone use Gate 1 Travel?
Replies: 15
Views: 1522

Re: Anyone use Gate 1 Travel?

My wife and I have taken three trips to Europe (Croatia & Slovenia; Italy; Central Europe) with Gate 1 and all were excellent. The tour managers were great and the local guides were of a very high standard. Hotels generally very good and well located downtown. Itinerary excellent. Maybe we have bee...
by flyingaway
Fri Jul 13, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9523

Re: What rate of return are you using for retirement projections?

My portfolio is 70/30, I need 2% real to make it work. I am not sure I can get it for the future years, so I keep working to make my portfolio bigger. You don't believe you can average 2% real over the next 30+ years? At the current valuation level, no, I have no confidence. The problem is that if ...
by flyingaway
Fri Jul 13, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 245
Views: 49766

Re: That Extravagant Thing You Do

I decided to hire someone to fix my irrigation system. I was thinking to watch a few YouTube videos and trying to fix it myself.
by flyingaway
Thu Jul 12, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9523

Re: What rate of return are you using for retirement projections?

My portfolio is 70/30, I need 2% real to make it work. I am not sure I can get it for the future years, so I keep working to make my portfolio bigger.
by flyingaway
Mon Jul 09, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Anyone use Gate 1 Travel?
Replies: 15
Views: 1522

Re: Anyone use Gate 1 Travel?

We just did an affordable Peru tour with Gate 1, I think it was a good one, although it was my first organized tour. I have traveled to many places on my own, will do most of my future travels on my own. However, to do organized tours with Gate 1 with friends will be considered also.
by flyingaway
Sat Jul 07, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: How a credit card refund is applied?
Replies: 27
Views: 1807

Re: How a credit card refund is applied?

OP here.

I called Fidelity cardmember service line and was told that the $1.5k refund would be applied to the last month's balance and I only needed to pay $1.5k for the entire balance. I did pay $1.5k.

The new statement came and I did not see any interest charge.
by flyingaway
Tue Jul 03, 2018 12:49 am
Forum: Investing - Help with Personal Investments
Topic: Why not go 100% stocks?
Replies: 125
Views: 13888

Re: Why not go 100% stocks?

Making'$900k a year and wanting to work for 20 more years? Yes, you can be 100% in stocks or in almost anything else. If I were you, I would start worrying about why I want to work for 20 more years.
by flyingaway
Tue Jul 03, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Expected returns for 80/20 stock bond for next 10 years.
Replies: 169
Views: 12647

Re: Expected returns for 80/20 stock bond for next 10 years.

I am using 5% nominal and 3% inflation for my planning.
by flyingaway
Thu Jun 28, 2018 6:47 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7177

Re: Yes, It’ll Happen - Jonathan Clements

I have read articles with similar points many times. Although everything said is correct, nothing is really new.
by flyingaway
Thu Jun 28, 2018 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8596

Re: Retirees: When you cut spending, what do you cut?

I could cut $10~20k annually from the travel and entertainment budget. But if that cut is needed, why bother to retire?
by flyingaway
Sun Jun 24, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Hitting your number---Now What?
Replies: 19
Views: 3008

Re: Hitting your number---Now What?

livesoft wrote:
Sun Jun 24, 2018 6:40 pm
I just changed my number after hitting my number and carried on.
And do a few One More Years.
by flyingaway
Sun Jun 24, 2018 1:03 am
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 155
Views: 12100

Re: When did you start flying business class?

Afty wrote:
Sat Jun 23, 2018 5:36 pm
We flew to Thailand last year and had a similar decision to make. We just couldn't justify flying business class. The amount it would have cost for all of us would pay for a pretty decent new car!
Yes. Flying business class to Thailand to eat cheap street food.
by flyingaway
Tue Jun 19, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6752
Views: 1468179

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: 4534

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: 185
Views: 19042

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: 194
Views: 17855

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: 2737

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: 10399

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: 185
Views: 19042

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: 5798

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: 10717

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: 51
Views: 3572

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: 194
Views: 17855

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 (...