Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Withdrawal Rate Increases with Time?
Old 05-21-2004, 11:47 AM   #21
 
Posts: n/a
Re: Withdrawal Rate Increases with Time?

Hello ex-Jarhead. Re. db's post, sure you do. You have met some of these worry warts right here. You know,
guy writes in and says he's collecting SS and a pension,
and has a net worth of $2,000,000, not counting the houses, $500,000 and $200,000, and no debt. Wants to know if he has enought to retire. Makes me smile every time.

John Galt
__________________
  Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Withdrawal Rate Increases with Time?
Old 05-21-2004, 12:39 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Withdrawal Rate Increases with Time?

I have a gosh darn simple solution for people worrying about whether they have enough or not.

Send me a check in the amount that would be required for you to get your portfolio down to the point where you're SURE you dont have enough.

Oh, and should you ever amass further monies and this becomes a regular problem, I'm certain I can arrange for a quarterly, monthly, or bi-weekly electronic transfer system to automatically resolve any unnecessary overages.

Worrying solved. Whose your buddy?
8)
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Withdrawal Rate Increases with Time?
Old 05-21-2004, 07:09 PM   #23
Recycles dryer sheets
 
Join Date: Sep 2002
Posts: 54
Re: Withdrawal Rate Increases with Time?

ex-Jarhead, John Galt, & TH,

Well the point of my post is I used to worry about things like whether someone might ask an obvious question I couldn't answer when I made a presentation, and so forth. Re causes to worry about investment strategy, they are those who would argue that social security and a pension could go away, or be dramatically diminished. I didn't mean to imply that I felt we were in a precarious financial state, and I'm sorry if I gave that impression. I inherited my dad's IRA and am the sole heir to the remainder of the estate that was left to my mother. And, of course, we have our own IRAs, so I'm not complaining. Just meant to say I don't worry about our social security or pension going south.

db
__________________
db is offline   Reply With Quote
Re: Withdrawal Rate Increases with Time?
Old 05-21-2004, 09:44 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Withdrawal Rate Increases with Time?

Dude...dont take it seriously, we're messing with you!!!

Besides, John G is really a 15 year old, Unclemick is a 13 year old girl and I'm just a dog!
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Withdrawal Rate Increases with Time?
Old 05-21-2004, 10:10 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Withdrawal Rate Increases with Time?

I think they should do "celebrity boxing".

Fighting each other would be good, but I'd like to see:

Bill Gates vs Mr. T. (I pity the richest fool in the world!)

Michael Dell vs the guy who used to play "Lurch" on the addams family. Have to dig him up, and I'll bet he doesnt smell too good, but it'd be a good match.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Withdrawal Rate Increases with Time?
Old 05-21-2004, 10:13 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Withdrawal Rate Increases with Time?

Oh yeah, one last thing.

I think we were or are all pensive about ER'ing. Who wouldnt be?

I think people who have a lot (and thus are good cannon fodder in these sorts of discussions) were used to making a lot and spending a lot. A lot of their life is based on identifying with what they were, how much they made, and how much they spent. Shutting off the money-main is concerning.

You can do what I did and step off, see what happens, and if in a year or two you're not making it work for you, arent comfortable, then declare your "sabbatical" a success and step back on..

Or you could be like John G, steal a lot of napkins to plan on the back of (what the HELL does he do with the fronts anyhow?), run like hell, and never look back.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Withdrawal Rate Increases with Time?
Old 05-22-2004, 04:51 AM   #27
 
Posts: n/a
Re: Withdrawal Rate Increases with Time?

Hello TH. Trust me, you don't want to know what I do with the
unused side of the napkin. Obviously I can't just throw
them out

John Galt
__________________
  Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Another ER candidate gets it, and this time she really means it! Nords Other topics 19 06-27-2006 10:54 AM
100% success at 7% initial withdrawal rate Sam FIRE and Money 30 03-20-2006 10:02 PM
Time to quit? quiz sgeeeee Young Dreamers 20 10-24-2005 11:50 PM
Withdrawal rates - theory vs practice Roger_R FIRE and Money 56 01-17-2005 07:45 AM
"Is the Safe Withdrawal Rate TOO Safe?" Nords FIRE and Money 13 10-20-2004 11:36 AM

 

 
All times are GMT -6. The time now is 08:16 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.