Search found 452 matches

by Hawaiishrimp
Mon Nov 11, 2019 6:05 pm
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Re: Need Help To Plan for Early Retirement

For estate planning, one of the best books out there is "Beyond the Grave" by Jeffrey Condon. It was very helpful to use when we completed all of the legal documents last year. Worth your time to read as you think it through and find an attorney who is trustworthy. @Dinosaur Dad Thank you for the a...
by Hawaiishrimp
Mon Nov 11, 2019 2:46 am
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Re: Need Help To Plan for Early Retirement

I’m assuming the 120k number is before taxes and healthcare costs, correct? If so, your actual withdrawals could be closer to 150-160k. @catlady, our thinking is: $10k per month should be enough to cover taxes and healthcare costs. Our assumption, after doing some research on costs: - $1500 per mon...
by Hawaiishrimp
Mon Nov 11, 2019 2:18 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 99
Views: 9216

Re: Should I buy the family cottage?

House worth 400-500K. He sells to you at 150K. Buy it, that's a no brainer.

If you don't want it later, you can always sell it for a profit.
by Hawaiishrimp
Mon Nov 11, 2019 2:16 am
Forum: Personal Finance (Not Investing)
Topic: Retire or work again?
Replies: 23
Views: 3073

Re: Retire or work again?

I suggest you go with Option #1 for a while until you find a better option that gives you more joy in life. Congrats! :sharebeer
by Hawaiishrimp
Mon Nov 11, 2019 2:03 am
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Re: Need Help To Plan for Early Retirement

Are you sure you’ll hit that number in 5 years? Four years ago, you listed your portfolio in the high six figures and planned on retiring at 3 million. For such an early retirement, 3 million has a non-trivial chance of not being enough. For early retirement, it is good to be conservative. I would ...
by Hawaiishrimp
Mon Nov 11, 2019 1:48 am
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Re: Need Help To Plan for Early Retirement

10 million + 500k home equity in assets, 120k expenses (high end of your estimate). That is about a 1% withdrawal rate. Why not quit your jobs and move to a tax friendly state? There are excellent schools, if that is what you are worried about, elsewhere in the US where taxes can be quite a bit low...
by Hawaiishrimp
Sun Nov 10, 2019 3:22 am
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Re: Need Help To Plan for Early Retirement

retired@50, thank you for the awesome advice, healthcare and estate planning info. I will totally look into it in details. :D
by Hawaiishrimp
Sat Nov 09, 2019 10:13 pm
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Re: Need Help To Plan for Early Retirement

I don't intend to follow the 4% withdraw rate rule. We don't intend to spend that much. $100-12k is the # we think we need.
Yes, agree. We will need a good professional estate planning. Any recommendation will be appreciated.
by Hawaiishrimp
Sat Nov 09, 2019 10:08 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16090

Re: Spend It All vs. Leave $$ for the Kids

I want to become the favorite ancestor of all my descendants. Love this one. :beer I have been thinking a lot about this recently. My current thinking is: I love my kids and I want them to have an abundant life. HOWEVER, I don't want to spoil them with a free ATM. So, my plan is to teach them to wo...
by Hawaiishrimp
Sat Nov 09, 2019 9:53 pm
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Re: Need Help To Plan for Early Retirement

Wiggums wrote:
Sat Nov 09, 2019 9:48 pm
Will you have healthcare when you retire?
No healthcare when we retire. We will have to buy it on our own, I suppose.
Wiggums wrote:
Sat Nov 09, 2019 9:48 pm
How much money is in taxable versus tax deferred accounts?
35% in Taxable
65% in Tax deferred accounts
by Hawaiishrimp
Sat Nov 09, 2019 9:13 pm
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2502

Need Help To Plan for Early Retirement

Situation: Based on projection, in 5 years, our portfolio should reach 10millions conservatively (unless recession hits). We are very fortunate, a few position of our stocks have grown significantly over the last few years which pushed the size of portfolio beyond what we expected. In 5 years, we w...
by Hawaiishrimp
Tue Jul 09, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I have saved for retirement by age 40?
Replies: 111
Views: 20251

Re: How much should I have saved for retirement by age 40?

bloom2708 wrote:
Sat Jun 29, 2019 9:56 am
$1 million by 40, mortgage paid off

$2 million by 50

See what happens at 55 and up.
That's about right. :sharebeer
by Hawaiishrimp
Tue Jul 09, 2019 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.
Replies: 140
Views: 13001

Re: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.

Recently I posted about using a bank trust dept to administer our (spouse and me)affairs. I have a different question now. If there are no younger, trusted relatives close by and you don't want to use a trust department, who will care for you, pay your bills, pay your taxes, etc. as you age and eve...
by Hawaiishrimp
Mon Jul 08, 2019 4:53 pm
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32030

Re: Americans believe they need $1.7 million, on average, to retire

DoctorPhysics wrote:
Mon Jul 08, 2019 10:44 am
2.5 mil @ at 4% withdraw rate is 100k/year, 3% withdraw is 75k/year.

I think 1.7 mil is too low, I am in a VHCOL area.
Same here. 2.5MM makes more sense to me. I also live in a VHCOL area. I intend to move to a lower COL area after I declare FIRE.
by Hawaiishrimp
Mon Jul 01, 2019 1:21 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2810
Views: 512752

Re: What are you up YTD? [Year To Date]

I am in an accumulating phase so I keep adding to my portfolio. I am 45% Stock / 55% Bond at the moment.
Portfolio value up 11% YTD. Mainly due to added fund and moved to Bond on Sept last year.
by Hawaiishrimp
Sun Mar 24, 2019 5:00 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 906
Views: 122831

Re: That's enough for me in 2019

So why do you think Jack Bogle warned, shortly before his death, "Trees don’t grow to the sky, and I see clouds on the horizon. I don’t know if and when they’ll arrive. A little extra caution should be the watchword.” Even Jack talked about adjusting allocations to play defense in 2019. I agree. As...
by Hawaiishrimp
Wed Jan 16, 2019 2:03 pm
Forum: Personal Investments
Topic: 100% in VTSAX - Is it crazy???
Replies: 87
Views: 13017

Re: 100% in VTSAX - Is it crazy???

Not crazy, just volatile.
by Hawaiishrimp
Wed Jan 02, 2019 12:35 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2810
Views: 512752

Re: What are you up YTD? [Year To Date]

2018: -0.03%

Currently: 28% total US market, 7% total international market, 65% Bonds/Fixed Income

Considered myself lucky. Hoping for a good 2019.
by Hawaiishrimp
Wed Dec 19, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17932
Views: 2536402

Re: U.S. stocks in free fall

With treasury yields considerably higher than that dividend yield, investors whose portfolio has made enormous gains over the past 10 years could well justify taking a lot of their money out of the market and stashing it in treasuries. Obviously, this is not what the confirmed Boglehead would do, b...
by Hawaiishrimp
Wed Dec 05, 2018 1:01 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17932
Views: 2536402

Re: U.S. stocks in freefall

For long term buy and hold bogleheads, daily fluctuation should not scare us away from staying our course and our strategy. I admit. I, myself, timed the market a little bit and moved large percent of my money to cash. My gut tells me PE @ 42 is just not sustainable and a correction (be it this yea...
by Hawaiishrimp
Tue Dec 04, 2018 11:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17932
Views: 2536402

Re: U.S. stocks in freefall

For long term buy and hold bogleheads, daily fluctuation should not scare us away from staying our course and our strategy. I admit. I, myself, timed the market a little bit and moved large percent of my money to cash. My gut tells me PE @ 32 is just not sustainable and a correction (be it this year...
by Hawaiishrimp
Thu Nov 15, 2018 2:34 am
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 114
Views: 8422

Re: Are you all staying the course?

Nope. I am 60% cash, 40% stocks since Sept. I anticipate a market correction.

Yes, I am timing the market. :beer
by Hawaiishrimp
Thu Oct 25, 2018 1:17 am
Forum: Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 8229

Re: Reaction to Market

I am 60% cash as of end of Sept. Waiting for buying opportunity. I expect 40% drop this time. I could be wrong, but I placed my AA accordingly because of the high PE.
by Hawaiishrimp
Sat Oct 06, 2018 2:43 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17932
Views: 2536402

Re: U.S. stocks in freefall

I'd love to see a 20-30% drop.
by Hawaiishrimp
Mon Sep 17, 2018 7:58 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 17932
Views: 2536402

Re: U.S. stocks in freefall

I am pretty sure the market will correct eventually, maybe tomorrow, maybe a few months or maybe a few years more. Who knows. Stay the course and we will all come out ahead on "FIRE".
by Hawaiishrimp
Mon Sep 17, 2018 12:52 pm
Forum: Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 61
Views: 10119

Re: Thinking of Retiring at 52, Please Critique Plan

I am 42, simply situation as you. Except I have more in taxable, less in ax adv account. I think you are in a good shape given that you only spend $40k annual.
by Hawaiishrimp
Mon Sep 17, 2018 12:50 pm
Forum: Personal Investments
Topic: (No Savings) *Everything* in S&P 500?
Replies: 33
Views: 4473

Re: (No Savings) *Everything* in S&P 500?

Job's secured. Conservative and great saver. If SPY is his destiny, SPY is his DESTINY. Whatever makes him happy and comfortable.
by Hawaiishrimp
Thu Aug 23, 2018 2:24 am
Forum: Personal Consumer Issues
Topic: Good Non-Boring Boglehead Cars Under $30k
Replies: 247
Views: 18783

Re: Good Non-Boring Boglehead Cars Under $30k

monkey_business wrote:
Tue Aug 21, 2018 3:42 pm
Criteria:

- Street price under $30k
- Reliable
- Fun driving dynamics (please no Corolla/Prius-type recommendations)
- Support for Android Auto/Apple Carplay (either available now, or coming soon)
- Can be new or used, but nothing over 3 years old

What do you recommend?
Miata
BRZ
by Hawaiishrimp
Mon Jul 16, 2018 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 33
Views: 6416

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

Have a conversation with them. If ignored, send them a formal letter. If ignored, legal letter from a law firm. Usually you won't need to get this far.
by Hawaiishrimp
Mon Jul 16, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 106
Views: 12652

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

I use 4%, 7% and then assume it will fall somewhere in between for my projection.
by Hawaiishrimp
Mon Jul 16, 2018 10:39 am
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

All these posts make me want to increase my international allocation to market weight instead of 30 percent. If everyone wants to market time in one direction based on recency bias, I figure the opposite is the way to go. Although I will likely just stay the course and it won't make much difference...
by Hawaiishrimp
Sun Jul 15, 2018 8:27 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

You've got to have a portfolio you can stick with and rebalance to through thick or thin, so you'll have to get to know yourself better to make this decision. Were you invested through the dot-com run up and crash around 2000? I ask because I remember so vividly the large number of articles and exp...
by Hawaiishrimp
Sun Jul 15, 2018 8:20 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

Staying the course is very important, but as someone else pointed out, you are overweight South Korea holding those two funds. Why not simplify by holding a Total International fund if your Emerging Markets percentage is roughly what those funds hold? At the least, switching IEMG to VWO would take ...
by Hawaiishrimp
Sun Jul 15, 2018 8:19 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

I suspect there are a large percentage of folks, including myself, that would agree with your simplification and reasoning behind it. However, I think that 10 -20 years from now, either path you take would not have a huge difference in ending value and overall returns. Over time, each would rise an...
by Hawaiishrimp
Sun Jul 15, 2018 6:49 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

You aren't really asking for "thoughts" when you proclaim "there's no need for Int'l" - you're making a statement and wanting people to agree. If you only want simplicity just go with VTWSX or VT(Vanguard Total World). It sounds like you have recency bias and a crystal ball so all good with VTSAX. ...
by Hawaiishrimp
Sun Jul 15, 2018 5:54 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

You aren't really asking for "thoughts" when you proclaim "there's no need for Int'l" - you're making a statement and wanting people to agree. If you only want simplicity just go with VTWSX or VT(Vanguard Total World). It sounds like you have recency bias and a crystal ball so all good with VTSAX. ...
by Hawaiishrimp
Sun Jul 15, 2018 3:58 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

averagedude wrote:
Sun Jul 15, 2018 3:43 pm
I wonder how many people would consider dumping VTSAX and go all in international if the 10 year returns were reversed?
Not gonna lie. It certainly affects my decision, be it big or small. We are just humans.
by Hawaiishrimp
Sun Jul 15, 2018 3:57 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

What is the reasoning behind this? Do you feel that VTSAX will outperform international stocks going forward? I'd say (ironically enough) that getting rid of EM and developed international stocks is acceptable from a Jack Bogle standpoint, but not really from a Bogleheads standpoint, since you are ...
by Hawaiishrimp
Sun Jul 15, 2018 3:19 pm
Forum: Personal Investments
Topic: Torn between Vanguard, Fidelity and Schwab
Replies: 182
Views: 36188

Re: Torn between Vanguard, Fidelity and Schwab

Fidelity preferred.

Local office near my place. Great customer service. Reliable IT.
by Hawaiishrimp
Sun Jul 15, 2018 3:15 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

Re: All-In VTSAX

Dividends are nice for Int'l, I'm still on the fence with this one. To be honest..
by Hawaiishrimp
Sun Jul 15, 2018 2:20 pm
Forum: Personal Investments
Topic: All-In VTSAX
Replies: 37
Views: 5412

All-In VTSAX

HI BH friends, Thinking about getting rid of IEMG and VEA and all-in VTSAX . This is for retirement fund. I am asking for advice if getting rid of emerging market and international are acceptable from boglehead investment style? i.e, I am trying to consolidate more and more into 2 Fund portfolio. Th...
by Hawaiishrimp
Sun Jul 15, 2018 1:16 pm
Forum: Personal Investments
Topic: Retiring in early 2019.
Replies: 30
Views: 3312

Re: Retiring in early 2019.

Besides emergency fund,
1. 50% in VTSAX
2. 50% in VTBLX
3. Set SWR to 3.5%

Congrats and enjoy your retirement.
by Hawaiishrimp
Tue Jul 10, 2018 12:11 am
Forum: Personal Consumer Issues
Topic: Retirement location and things to consider
Replies: 12
Views: 2071

Re: Retirement location and things to consider

May I ask why would anyone with your level of resources want to move out of San Diego? Hi there, I have lived here in SD all my life, just want to try somewhere more 'wet' and less 'dry'. I love the rain and prefer somewhere less hot and more humid. Pacific northwest is where I'm considering. Thanks.
by Hawaiishrimp
Tue Jul 10, 2018 12:01 am
Forum: Investing - Theory, News & General
Topic: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters
Replies: 108
Views: 10666

Re: Are Bonds Always Safe? — A Second Look at U.S. Portfolio Disasters

My thought is: I am happy with my current approach: 100% stocks. I will consider moving some to Bonds when I reach close to wealth distribution phase of my life.
by Hawaiishrimp
Fri Jul 06, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Retirement location and things to consider
Replies: 12
Views: 2071

Retirement location and things to consider

Hi BH friends, We are planning way ahead of retirement and seeking your advice. We are aiming to be FIRE in 7-10 years with $3 - $3.5 MM portfolio. Not counting our current primary residence. By then, mortgage payment will be done. We live in San Diego our whole life but would like to retire somewhe...
by Hawaiishrimp
Fri Jul 06, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 501
Views: 59934

Re: What is/ was your career and would you recommend it now?

Program Management. Yes, I recommend it. I fit my personality and work style.
by Hawaiishrimp
Fri Jul 06, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 16610

Re: How to "retire" in your 30's article

Basically, people have negativity toward this particular "FIRE" story is because he's not really FIRE, he's a SAHD while his wife subsidizing his lifestyle. Again, nothing wrong with that as long as both parties agree to this arrangement. No one should judge him for it. It's their own personal decis...
by Hawaiishrimp
Fri Jul 06, 2018 12:16 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 16610

Re: How to "retire" in your 30's article

As far as the negativity of this thread, no one has yet talked about the elephant in the room. :beer I think some of the negativity may be related to Soft Rice Eating. (Link: https://www.youtube.com/watch?v=l2e04l6z7N4) I don't necessarily feel that way toward you, but I can see how others may think...