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Old 03-11-2014, 05:59 PM   #21
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Well, you never know! At least, I don't. Every now and then I look at diamonds and Jaguars and other high end things online, just to find out if my tastes are changing.

Last night I spent a while looking online at Coach purses, which many women love but which can sometimes be a bit pricy. I was satisfied to find that I honestly don't happen to want one.
Make the Coach a real one!

New stunning Jaguar F-Type V6 S released to fight for best convertible cars
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Old 03-11-2014, 09:27 PM   #22
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They are beautiful! But I'd never be able to park it at Wallie World without getting it all scratched up.
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Old 03-12-2014, 04:27 AM   #23
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We currently have ~43x expenses, which would take us to age 83 with zero real return. Throw in SS and we would be fine until our 90's.
Is that 43X before taxes have been deducted from tax-deferred accounts, or is that assuming taxes have been paid and is a true net cash needed x 43 ?
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Old 03-12-2014, 11:28 AM   #24
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My plan has DW working till 68 (I will be 96). DW is 32 and I have told her several times she needs to come up with a plan, but do women ever listen?
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Old 03-12-2014, 11:38 AM   #25
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Is that 43X before taxes have been deducted from tax-deferred accounts, or is that assuming taxes have been paid and is a true net cash needed x 43 ?
It's 43x before taxes have been deducted. However, only ~10% of our portfolio is locked in tax-deferred accounts. That number will keep getting lower since our tax-deferred accounts are exclusively invested in bonds. In addition, I intend to make withdrawals or conversions only when it is advantageous from a tax perspective. So, overall, I don't expect to pay a lot of taxes on that tax-deferred money.
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Old 03-12-2014, 02:57 PM   #26
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I've always assumed a 0% net real return during retirement after inflation, fund costs, volatility, adding bonds, badly timed withdrawals, and taxes. What I start with is what I have in real terms. Simplifies the math.
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Old 03-12-2014, 03:39 PM   #27
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My plan has DW working till 68 (I will be 96). DW is 32 and I have told her several times she needs to come up with a plan, but do women ever listen?
It sounds like you are the plan based on your age differences.
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Old 03-14-2014, 08:46 AM   #28
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We can "make it through" retirement without any savings, just by deferring SS to age 70 and using a pension for the earlier years.

However, my initial spending plan involved spending both the earnings and some of the principal from savings. That provides "extra, nice to have" stuff.
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Old 03-14-2014, 08:55 AM   #29
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My monthly post 66 income looks like this

UK state pension = $2000
US SS = $2000
MA pension = $2500
UTC pension = $550
Rent = $2500

That will be in 14 years times I have to bridge the gap from 52 to 66 with savings. Spending from savings will decrease as the various fixed income sources begin; rental income is online now, MA pension starts at 55 and UTC pension at 59.5. At 66 I will be back in the accumulation phase.
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Old 03-14-2014, 08:56 AM   #30
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My primary retirement calculation tool is ESPlanner. It has three Monte Carlo modes with one assuming "Conservative" spending. It this case, it assumes my portfolio real return is 0%. The results put me right at my current spending level, so I guess that's good.
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Old 03-14-2014, 02:23 PM   #31
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We are not "relying" on a positive real return. However, if I retired today and invested only to keep up with inflation our income would be $62,000. If I invested to get 2% over inflation then income would be $72,000.

We will live just fine either way but the difference might be me standing on the shore watching the boats versus being on the boat watching the shore.
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