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Old 12-13-2013, 08:24 AM   #21
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Originally Posted by FIREd View Post
I think she is giving pretty good advice, i.e. have a solid financial plan, be psychologically ready for ER, be mindful of inflation, etc... Many of the same topics we discuss here all the time. Her suggestion to use a lower withdrawal rate and keep your spending flexible seems to be more or less in line with the board's general consensus these days.
+1 I've never been a big fan of her, but I didn't find anything she said in that ER section objectionable.
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Old 12-13-2013, 01:33 PM   #22
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Wow, that humbled me...I have about $4700 a month to spend and usually don't go above $3200 including a mortgage. I thought I was rich! Guess not, but then again, I live in fly over country...

Chuckle. That's ($3200 - $4700) called a mortgage in Bay Area, CA. Nobody flies over their home. The air space is protected - too much noise.

This is why I have to move to a fly over country when I get FIREd. Money saved will go to hiring Tiger's golf instructor and that will be the end of my mulligans .
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Old 12-13-2013, 04:54 PM   #23
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Thank goodness you posted this. I will go out and start working again immediately. I have a friend in Nigeria who is making a fortune sending out e-mails. And he promised me two goats also.
I dunno. Sounds like w*rk to me.
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Old 12-13-2013, 06:47 PM   #24
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Wow, that humbled me...I have about $4700 a month to spend and usually don't go above $3200 including a mortgage. I thought I was rich! Guess not, but then again, I live in fly over country...
That's gonna be our range, too.
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Old 12-13-2013, 11:35 PM   #25
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She is generalizing to suit the average clueless worker. Anyone with brains knows its a safe bet once you take a few hours or days to figure out both sides of the equation. The sorry thing is 90% can't or don't bother to get to that revelation.

....and the interviewer dude really got off base early by surmising that investment advisors would gain by trying to influence you to try to consider RE! It's just the opposite in fact and every piece of marketing is geared to keep you at work, earning more to stay in the game of wealth building as long as possible in order to pump more dough into their managed funds that increase fund fee yields
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Old 12-14-2013, 11:53 AM   #26
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Wow, that humbled me...I have about $4700 a month to spend and usually don't go above $3200 including a mortgage. I thought I was rich! Guess not, but then again, I live in fly over country...
We live at the beach and stay well under what she's on about too. I can't imagine our lifestyle for $3-$4k a month O_O
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