Do They Have Enough?
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NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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I am taking a break from packing the RV and will not drive off until tomorrow, so can hang around to BS some more.
And before you know it, NW-Bound may become a socialist too.
Just joking. There's little chance of that.
My memory is fuzzy, but during 1980-1981, my credit union at work was paying 14%+. But at the same time, my 30-yr mortgage was also at 14%. I was young and just starting out on my career, and did not have a whole lot of money to invest, so did not follow the economic news much.
And before you know it, NW-Bound may become a socialist too.
Just joking. There's little chance of that.
...
And before you know it, NW-Bound may become a socialist too.
Just joking. There's little chance of that.
Too bad, here I was thinking between your being very capable and my being very needy there would be a perfect match!
NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Financially capable? I often mention here that my modest motorhome is not just for travel, but also my housing of last resort. It's my security blanket, to assure me that I will not be sleeping under a bridge, no matter what happens. And I am half-serious (wife does not want to hear it though).
eta2020
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eta2020
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BTW Steinbeck was your age 58 when he went out to rediscover America.
Happiness/fulfilment in life does not cost huge sums of money.
Happiness/fulfilment in life does not cost huge sums of money.
eta2020
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This is an National Anthem of Gipsies who lived out of vagons in part of Europe I am from.
It is lovely IMO.
Good Night!
NW-Bound
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I did read and enjoy "Travels with Charley" when I was shopping for a motorhome.
But back on the uncertainties of life that no software planning tools can help us with, one should think about them and mentally prepare to cope. What if the OP's friends can no longer spend $100K? It's not the end of the world. It can't be! So, what's the problem?
People are diagnosed everyday with serious life threatening illnesses. They cope and deal with it. Unless one is in the most destitute financial condition, lack of money should not be a life-and-death problem unless one lets it become one. Most people here who have saved enough to contemplate ER should have the requisite survival skills already.
But back on the uncertainties of life that no software planning tools can help us with, one should think about them and mentally prepare to cope. What if the OP's friends can no longer spend $100K? It's not the end of the world. It can't be! So, what's the problem?
People are diagnosed everyday with serious life threatening illnesses. They cope and deal with it. Unless one is in the most destitute financial condition, lack of money should not be a life-and-death problem unless one lets it become one. Most people here who have saved enough to contemplate ER should have the requisite survival skills already.
eta2020
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Being FI is liberating but it also makes one realise even more that we all have to die. I never felt it as much as after becoming FI.
NW-Bound
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Yes. We cannot take it with us. Some people worry about having enough money until their 100s. I am never that optimistic that I will live that long, but if I do, I am sure I will not be so caring about spending much money when I get to that age.
So, 3%WR or 4%WR, it may not matter that much, if we realize that if things turn out worse than we thought, we have the ability to cope. Humans always do. Even here in the US and not some 3rd-world countries, we see people whose life get devastated by hurricanes, tornadoes, floods, etc... And they survive. And of course there are personal tragedies happening every single day that people never thought that could happen to them or their loved ones, and these are things that one can never plan for.
Back on FIRECalc and retirement calculators, there's really no reason to worry so much about it. Unclemick never did run any FIRECalc when he went into not-quite-voluntary retirement, and he managed to do fine (and have war stories to tell ).
So, 3%WR or 4%WR, it may not matter that much, if we realize that if things turn out worse than we thought, we have the ability to cope. Humans always do. Even here in the US and not some 3rd-world countries, we see people whose life get devastated by hurricanes, tornadoes, floods, etc... And they survive. And of course there are personal tragedies happening every single day that people never thought that could happen to them or their loved ones, and these are things that one can never plan for.
Back on FIRECalc and retirement calculators, there's really no reason to worry so much about it. Unclemick never did run any FIRECalc when he went into not-quite-voluntary retirement, and he managed to do fine (and have war stories to tell
).
Spanky
Thinks s/he gets paid by the post
Yes. We cannot take it with us. Some people worry about having enough money until their 100s. I am never that optimistic that I will live that long, but if I do, I am sure I will not be so caring about spending much money when I get to that age.
So, 3%WR or 4%WR, it may not matter that much, if we realize that if things turn out worse than we thought, we have the ability to cope. Humans always do. Even here in the US and not some 3rd-world countries, we see people whose life get devastated by hurricanes, tornadoes, floods, etc... And they survive. And of course there are personal tragedies happening every single day that people never thought that could happen to them or their loved ones, and these are things that one can never plan for.
Back on FIRECalc and retirement calculators, there's really no reason to worry so much about it. Unclemick never did run any FIRECalc when he went into not-quite-voluntary retirement, and he managed to do fine (and have war stories to tell
Nice post. It's difficult to plan for everything since the future is uncertain.
