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Search: Posts Made By: nun
Forum: FIRE and Money 02-07-2016, 08:10 PM
Replies: 7
Views: 949
Posted By nun
Just consider how much you'd need to generate...

Just consider how much you'd need to generate $6.5k a month for 30 years using the 4% rule........it's around $2M.
Forum: Stock Picking and Market Strategy 02-07-2016, 02:11 PM
Replies: 46
Views: 3,506
Posted By nun
I have a pension starting at 55 and UK and US SS...

I have a pension starting at 55 and UK and US SS checks starting later on. I'm single and I'll probably take US SS at 62 and bank a lot of it and UK SS at 66. That way I can spread my income out most...
Forum: Hi, I am... 02-07-2016, 09:33 AM
Replies: 9
Views: 803
Posted By nun
Yes that was my immediate thought as well. The OP...

Yes that was my immediate thought as well. The OP should double check the SS benefit she will get.

With $350k and what sounds like a sensible approach the OP is starting out well.

I would put...
Forum: Stock Picking and Market Strategy 02-06-2016, 09:50 PM
Replies: 46
Views: 3,506
Posted By nun
Yes for a male/female married couple both aged 65...

Yes for a male/female married couple both aged 65 there's a 50% chance that one will still be alive at age 88, so that would give deferring to age 70 some extra time to compound.
Forum: FIRE and Money 02-06-2016, 05:05 PM
Replies: 11
Views: 1,138
Posted By nun
+1 I'm doing the same. I have low outgoings...

+1 I'm doing the same.

I have low outgoings and paid off the mortgage well before I retired. I enjoy cooking and can bake a chicken pie using $2.50 of chicken quarters, making stock from the...
Forum: Stock Picking and Market Strategy 02-06-2016, 04:52 PM
Replies: 46
Views: 3,506
Posted By nun
There are two reasons to spend down the nest egg....

There are two reasons to spend down the nest egg.

1) to defer SS to 70 and get a larger SS check later in life
2) reduce RMDs
Forum: Stock Picking and Market Strategy 02-06-2016, 04:50 PM
Replies: 46
Views: 3,506
Posted By nun
If you invest your SS income and look at the size...

If you invest your SS income and look at the size of the nest egg, deferring only works out better if you live longer than an average lifespan. Someone who lives until 83 will end up taking more from...
Forum: FIRE and Money 02-06-2016, 10:28 AM
Replies: 11
Views: 1,138
Posted By nun
A couple should almost always buy a joint life...

A couple should almost always buy a joint life annuity. The inflation problem is real, but might be over emphasized as there are studies that show as we get older the increase in personal spending is...
Forum: FIRE and Money 02-06-2016, 12:28 AM
Replies: 11
Views: 1,138
Posted By nun
I'm a fan of having a secure income floor and...

I'm a fan of having a secure income floor and some longevity insurance. If SS is enough then an annuity might not be appropriate, but I think an SPIA should be in far more people's portfolios and...
Forum: Life after FIRE 02-05-2016, 09:25 PM
Replies: 63
Views: 2,455
Posted By nun
I do a lot of reading and cycling, but also do...

I do a lot of reading and cycling, but also do some consulting for fun. I volunteer (ie no money) on a project to work out the engineering issues for future asteroid mining and get paid to do some...
Forum: FIRE and Money 02-05-2016, 09:21 PM
Replies: 11
Views: 1,138
Posted By nun
The sentence that popped out from the article for...

The sentence that popped out from the article for me was:



If you have ample funds to support your income requirements through the worst imaginable crash then you don't need an SPIA. It's the...
Forum: FIRE and Money 02-05-2016, 02:47 PM
Replies: 90
Views: 4,020
Posted By nun
No plan to increase withdrawal rate, but I might...

No plan to increase withdrawal rate, but I might buy a few big ticket items or give money way. My goal is not to spend it all, but to leave lots to my nieces and a couple of charities.
Forum: FIRE and Money 02-05-2016, 10:38 AM
Replies: 29
Views: 1,290
Posted By nun
No. For 17 years I worked for regular employers...

No. For 17 years I worked for regular employers and paid into SS. Then I worked for 10 years as a state employee and did not pay into SS...but had to pay 11% of my salary into either a DB or DC state...
Forum: FIRE and Money 02-05-2016, 10:24 AM
Replies: 29
Views: 1,290
Posted By nun
Yes you would hope that happens. In MA...

Yes you would hope that happens.

In MA prior to 2008 the state was not putting in it's full contribution to the DB plan every year, but the pension was still 80% funded. When the recession...
Forum: FIRE and Money 02-05-2016, 10:13 AM
Replies: 29
Views: 1,290
Posted By nun
Yes I will get the max WEP as I have only 17...

Yes I will get the max WEP as I have only 17 years of FICA payments and the rest of my career was as a state employee and my state pension is from non-SS wages.
Forum: FIRE and Money 02-05-2016, 10:07 AM
Replies: 12
Views: 1,069
Posted By nun
A balanced fund....so VBINX or......psst...

A balanced fund....so VBINX or......psst Wellesley or Wellington
Forum: FIRE and Money 02-05-2016, 09:55 AM
Replies: 45
Views: 4,001
Posted By nun
I have friends that are financial professionals...

I have friends that are financial professionals and they are now wondering if "China is oversold"....whether "S&P 500" is over sold and when would be the time to buy and sell. I told them I bought...
Forum: FIRE and Money 02-04-2016, 10:11 PM
Replies: 29
Views: 1,290
Posted By nun
All this discussion of WEP is very nice, but...

All this discussion of WEP is very nice, but irrelevant for people that have careers working for states that opt out of SS. The average state worker in MA gets a $28k pension and no SS. Part of the...
Forum: FIRE and Money 02-04-2016, 03:33 PM
Replies: 29
Views: 1,290
Posted By nun
I assume you mean WEP will reduce your SS. There...

I assume you mean WEP will reduce your SS. There are maximum amounts for WEP and I don't think you can lose more than 50% of your SS because of it.
Forum: Stock Picking and Market Strategy 02-04-2016, 03:31 PM
Replies: 11
Views: 679
Posted By nun
Careful with US reporting requirements for...

Careful with US reporting requirements for offshore accounts and PFIC regulations. This might be more trouble than it's worth and speculating using currency is risky which is exactly what the OP...
Forum: FIRE and Money 02-04-2016, 11:59 AM
Replies: 29
Views: 1,290
Posted By nun
There was certainly cases of abuse. But the...

There was certainly cases of abuse. But the reforms of a couple of years ago closed the loopholes and raised the minimum retirement age for most workers to age 60. Most state employees work hard and...
Forum: FIRE and Money 02-04-2016, 07:56 AM
Replies: 29
Views: 1,290
Posted By nun
The fact of the buy in is really the only...

The fact of the buy in is really the only exceptional part of the deal. The DB pension is the same that other state retirees get and the average annual return of the DB pension fund (8%) was used as...
Forum: FIRE and Money 02-03-2016, 08:54 PM
Replies: 29
Views: 1,290
Posted By nun
The IRR, assuming I live to 83, is 7%. I ran it...

The IRR, assuming I live to 83, is 7%. I ran it through FireCalc and there's only a 30% chance that a 60/40 portfolio would do better if we accept that future returns will be similar to the...
Forum: FIRE and Money 02-03-2016, 07:08 PM
Replies: 29
Views: 1,290
Posted By nun
It's taken a long time for the legislation to...

It's taken a long time for the legislation to pass and as we all know people do dumb things when stock markets fall. The legislation was first proposed back in 2010 when people had probably sold at a...
Forum: Stock Picking and Market Strategy 02-03-2016, 07:01 PM
Replies: 11
Views: 679
Posted By nun
If you are saving cash from pensions and SS you...

If you are saving cash from pensions and SS you can afford to take some risk. A dividend stock mutual fund would offer some income and the chance for some capital growth.
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