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01-24-2016, 09:26 AM
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#1041
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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 Quote:
Originally Posted by papadad111
Already fired ... But A milestone hit and its not exactly a good one.
Wednesday was the first time that I've seen a daily yes ...daily ....loss of 6 figures in the portfolio...
Perspective - That's something like twice the annual household income in the USA. Twice the annual ... Gone in a day.
Mumble mumble ...
I had a triple bourbon before dinner to celebrate that one. F$&@.
And to put some whipped cream and a cherry on top it's been a cool half a million gone since the market highs of may 2015. Blame Oil and international. And now everything .... Poof. Or more like kaboom.
Had a double bourbon after dinner too.
Perspective: First world problem, And I have my health. Life is still good.
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A couple more weeks like this one, and you'll have to transition from Pappy Van Winkle to Evan Williams. 
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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01-25-2016, 07:43 PM
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#1042
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gone traveling
Join Date: Oct 2007
Posts: 1,135
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Usually a teetotaler... Ya. It's not often that I succumb to a nice bourbon on d rocks.
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01-25-2016, 07:50 PM
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#1043
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gone traveling
Join Date: Oct 2007
Posts: 1,135
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Quote:
Originally Posted by rodi
Papadad - I feel for you. This is one of the reasons I have 40% in bonds/cash... it dampens the drops (as well as the gains.)
No need to blame anything or anyone... we know the market has cycles, corrections, gyrations... but it does sting to see big drops.
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Yep. True.
I learned something in 2008. Was too conservatively positioned - was great as the maket came down but didn't get the gains on the rebound either and that actually hurt more than the fall. The conservative asset allocation hurt me significantly... So as I'm younger I'm trying to stay a bit more aggressive. Maybe I'm stupid !! But I keep thinking fool me once ...shame on market. fool me twice, shame on me
Decisions decisions ....
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01-26-2016, 10:33 AM
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#1044
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Location: GTA
Posts: 1,728
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Been buying some bank and insurance company shares on the Toronto exchange since the crash last week, since values are good and yields are juicy.
As of this morning, our yearly interest and dividends received now surpass my personal income from w*rking. We're about 2/3rds of the way to full retirement spending coverage and not ever having to dip into the capital in retirement. Theoretically, anyway.
__________________
Family Motto: "Every penny's a prisoner"
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01-26-2016, 02:19 PM
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#1045
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Full time employment: Posting here.
Join Date: May 2013
Posts: 727
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Quote:
Originally Posted by papadad111
Already fired ... But A milestone hit and its not exactly a good one.
Wednesday was the first time that I've seen a daily yes ...daily ....loss of 6 figures in the portfolio...
Perspective - That's something like twice the annual household income in the USA. Twice the annual ... Gone in a day.
Mumble mumble ...
I had a triple bourbon before dinner to celebrate that one. F$&@.
And to put some whipped cream and a cherry on top it's been a cool half a million gone since the market highs of may 2015. Blame Oil and international. And now everything .... Poof. Or more like kaboom.
Had a double bourbon after dinner too.
Perspective: First world problem, And I have my health. Life is still good.
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Heck, you have enough money that a poor day caused you to lose 6 figs. That's worth celebrating...with a bourbon! So I guess a bourbon works no matter how you look at it.
__________________
“If you don't do it this year, you will be one year older when you do.” - Warren Miller
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02-03-2016, 04:08 PM
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#1046
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Moderator
Join Date: Oct 2010
Posts: 10,723
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Milestone: First pull from my 401k today.
The withholding was horrific! 20% federal and 4% state, both mandatory. It's quite infuriating to have 20% withholding when I GET money from the treasury when I file.
Next time: I'm going to wait until December so the "interest-free loan" to uncle sam will only be a few months long.
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02-03-2016, 04:48 PM
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#1047
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Dryer sheet wannabe
Join Date: Jan 2015
Posts: 14
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Share your FIRE Milestones
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02-03-2016, 05:09 PM
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#1048
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Posts: 1,500
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Share your FIRE Milestones
Quote:
Originally Posted by sengsational
Milestone: First pull from my 401k today.
The withholding was horrific! 20% federal and 4% state, both mandatory. It's quite infuriating to have 20% withholding when I GET money from the treasury when I file.
Next time: I'm going to wait until December so the "interest-free loan" to uncle sam will only be a few months long.
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Can you roll a portion into an IRA and withdraw your pull then from the IRA?
Sent from my iPad using Early Retirement Forum
__________________
Chief Retirement Strategist
The AR Group
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02-04-2016, 06:22 PM
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#1049
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Moderator
Join Date: Oct 2010
Posts: 10,723
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Quote:
Originally Posted by mikelish
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The penalty isn't a problem. Of course that will be determined after the IRS has a chance to digest my 2016 tax return.
Quote:
Originally Posted by Accidental Retiree
Can you roll a portion into an IRA and withdraw your pull then from the IRA?
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I think that would nudge me back to the 59 1/2 category.
My next milestone will be when I get my interest-free loan back from uncle sam. The good news, I'd only be earning 0.10% annual on the funds anyway 
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02-07-2016, 04:50 PM
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#1050
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,851
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One of my most significant FIRE milestones since retiring a year and a few months ago:
I have gone from 0.35 to 0.37 posts per day.
NOTE: The above numbers have now been edited by me, redduck, as rodi, The Ever-Vigilant apparently was suspicious (and rightfully so), of the original numbers claimed by me, which were 3.5 and 3.7.
(nice catch, rodi)
Kinda' does take away the thrill of the milestone, though....
__________________
When the people shall have nothing more to eat, they will eat the rich--philosopher Jean-Jacques Rousseau
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02-07-2016, 05:48 PM
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#1051
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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Um... No. 0.35 to 0.37 per day. You'll have to post a LOT to make up for the many years of lurkerdom.
LOL.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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02-07-2016, 06:49 PM
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#1052
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,851
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Quote:
Originally Posted by rodi
Um... No. 0.35 to 0.37 per day. You'll have to post a LOT to make up for the many years of lurkerdom.
LOL.
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I'm pretty sure that not many people no one wants me to make up for the many years of lurkerdom (and that includes me).
__________________
When the people shall have nothing more to eat, they will eat the rich--philosopher Jean-Jacques Rousseau
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02-08-2016, 06:13 AM
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#1053
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Jalisco, Mexico
Posts: 1,747
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I've been checking my pension account more frequently, waiting for this day!
Quote:
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You are 1 years and 0 months away from Vesting.
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Yes!
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02-08-2016, 09:15 AM
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#1054
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by dixonge
I've been checking my pension account more frequently, waiting for this day!
Yes!
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Terrific!  A pension is so nice to have in retirement, even a tiny one like mine.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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02-20-2016, 10:03 AM
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#1055
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Full time employment: Posting here.
Join Date: May 2014
Location: Lakewood
Posts: 920
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My mortgage balance is now in the five digit region. It's a small, arbitrary milestone, but it's mine.
__________________
Why be normal when you can be yourself?
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02-20-2016, 12:59 PM
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#1056
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Recycles dryer sheets
Join Date: Feb 2014
Location: San Diego
Posts: 71
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Quote:
Originally Posted by cooch96
My mortgage balance is now in the five digit region. It's a small, arbitrary milestone, but it's mine.
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DW & I hit the same milestone earlier this month - it definitely caught my eye when I looked at the balance. Congrats to y'all!
Sent from my iPhone using Early Retirement Forum
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02-20-2016, 02:50 PM
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#1057
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,770
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Quote:
Originally Posted by cooch96
My mortgage balance is now in the five digit region. It's a small, arbitrary milestone, but it's mine.
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Doesn't matter if it's small. Congrats!
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02-22-2016, 06:38 AM
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#1058
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,192
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Realized I just hit the 1 year retired mark.. more of a milestone because I still haven't felt the need to run back and get a JOB, even with the irksome stock market behavior this year.
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02-22-2016, 07:33 AM
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#1059
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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Quote:
Originally Posted by cooch96
My mortgage balance is now in the five digit region. It's a small, arbitrary milestone, but it's mine.
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That was a big deal for me, too. Especially since I live in the land of super expensive houses. Having it go under $100k was enough incentive to increase the excess payments we were making and get it paid off quickly. (Which also helped our retirement budget because we were diverting even more money from spending to saving/debt reduction... and didn't miss that money... so it lowered our spend budget.)
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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02-22-2016, 08:24 AM
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#1060
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Santa Paula
Posts: 4,076
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My last big milestone was the sale of my rental condo. When I got married in 2007 (also big milestone) the housing market was still down.
I retired in early 2009, and had it rented out. By 2015, the market had recovered enough for me to sell it.
__________________
Retired Jan 2009 Have not looked back.
AA 60/35/5 considering SS and pensions a SP annuity
WR 2% with 2SS & 2 Pensions
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