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Old 12-08-2009, 02:43 PM   #1
Dryer sheet wannabe
Join Date: Dec 2009
Location: Kennesaw, Ga
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Hello, I'm New

I have checked out this site before and there seems like alot of great advice so I decided to join. I am 46 have three kids (16, 13, 12) and a wonderful supportive wife. I sold my construction company at 42 worked for the buyer until 44 and have been retired for the past few years. My days are spent working out and piddling around the house until the kids get home then I am a full time tutor to my kids as I have relearned all the stuff I once learned in school and had no use for until now (quantum physics give me a break).

My experience in investing has been somewhat distressing. I picked a not so great time to get into the markets about two years ago. I have been through 3 sets of brokers as each of them keeps switching firms. I have finally decided to go self directed with fidelity. Why pay them .7% for setting up an allocation and investing me in mutual funds. Seems insane.

I am very conservative as an investor. I think you really only learn how risk tolerant you are after you have been through a market like we have in the last year and you correlate the stock market dive with how much sleep your getting. As for me I was not getting much and I was only 40% equities. That being said, I am wondering how to calculate a cash reserves and portfolio allocation given that I am only 46 with kids and no income. My investments total about $4.6 million and no debt. Are there any good resources or tools that take into account ones early retirement age, kids and no income in planning what I can spend, and what allocations I should have given my risk tolerance. Any help would be great.


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Old 12-08-2009, 02:58 PM   #2
Give me a museum and I'll fill it. (Picasso)
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Join Date: Aug 2006
Posts: 12,484
Do some searches on this forum, maybe use phrases like "passive investing versus active management", or "slice and dice"...just poke around. We have bandied about many topics that cover what you are looking for.

How are you handling health insurance coverage??

Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

This Thread is USELESS without pics.........:)
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Health Insurance
Old 12-08-2009, 03:13 PM   #3
Dryer sheet wannabe
Join Date: Dec 2009
Location: Kennesaw, Ga
Posts: 14
Health Insurance

Well, as for me I am uninsurable given some preexisting heart issues. When Cobra ran out I put the wife and kids on a policy with Aetna and pay about $275 for them. As for me I was able to get on Georgia's assigned risk pool. I pay only $315 per month plus have a $5k deductible that I will spend on prescription alone. Not near as bad as I thought it would be. Don't know if health care passes whether I will be worse or better off quite frankly.

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Old 12-08-2009, 04:22 PM   #4
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Location: Dallas 'burb
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You can also click on 'Links' at the top of the forum page that will have additional info as well.

Welcome to the forum Sam.
There's no need to complicate, our time is short..
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Old 12-08-2009, 04:47 PM   #5
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Join Date: Nov 2005
Location: Colorado, USA
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Hi Sam, and welcome.

For your asset allocation question, google asset allocation calculator. You'll find dozens that try to measure your risk tolerance and propose an appropriate asset allocation. Try several of them and you'll probably get at least a general idea of what you might be comfortable with. With your net worth, unless you live a pretty expensive lifestyle, you should be fine with a pretty conservative allocation.

FIRECalc is a retirement calculator that can help answser your other questions. There's a link at the bottom of every page.

I admire your tutoring -- that must bring you great pleasure.

Again, welcome!

"Comprehensive health insurance is an idea whose time has come in America." President Richard M. Nixon, February 6, 1974
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