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Forum: FIRE and Money 10-25-2014, 10:53 AM
Replies: 60
Views: 3,697
Posted By youbet
+1 I certainly agree. Knowledge of the ins...

+1

I certainly agree. Knowledge of the ins and outs of LTC costs and of Medicaid rules can be a huge factor in planning for the final years of one's life, especially for a couple.

My only...
Forum: FIRE and Money 10-25-2014, 10:21 AM
Replies: 60
Views: 3,697
Posted By youbet
Everyone is in their own unique situation as...

Everyone is in their own unique situation as relates to their financial situation and their investment skills and philosophy.

In your case, things have worked out so that self-insuring for LTC...
Forum: FIRE and Money 10-25-2014, 09:39 AM
Replies: 31
Views: 1,231
Posted By youbet
I didn't fund 529's for my son's education, but...

I didn't fund 529's for my son's education, but fortunately those were good years at the salt mine and my bonuses pretty much covered his university costs.

But I'm funding 529b's for the...
Forum: FIRE and Money 10-25-2014, 09:31 AM
Replies: 31
Views: 1,231
Posted By youbet
We all have to make choices about if and where to...

We all have to make choices about if and where to borrow money and what terms to accept.

Borrow money from "Big Sal" the gangster, and he won't be able to put a brick on your SS check to...
Forum: FIRE and Money 10-25-2014, 09:14 AM
Replies: 150
Views: 8,056
Posted By youbet
But you made the choice to accept this type of...

But you made the choice to accept this type of employment. Instead of taking what fate/luck handed you, you could have applied yourself, improved your qualifications, etc., etc., and moved to a job...
Forum: FIRE and Money 10-23-2014, 04:02 PM
Replies: 31
Views: 1,231
Posted By youbet
That seems very reasonable. If this reduction...

That seems very reasonable. If this reduction pushes them into poverty, then that's what welfare is for.
Forum: FIRE and Money 10-23-2014, 03:46 PM
Replies: 21
Views: 1,588
Posted By youbet
I see the statement "each and everything possible...

I see the statement "each and everything possible for the kids" another way. I doubt that OP's DW really said this meaning to spend heavily today spoiling the kids with inconsequential stuff. That's...
Forum: FIRE and Money 10-23-2014, 03:32 PM
Replies: 10
Views: 1,836
Posted By youbet
I didn't dislike my job enough to want to RE into...

I didn't dislike my job enough to want to RE into a situation where a dramatic reduction in spending might be required. (We weren't spending that much to begin with!) But certainly if one is...
Forum: FIRE and Money 10-23-2014, 03:18 PM
Replies: 838
Views: 59,028
Posted By youbet
No one has mentioned Richard's Wild Irish...

No one has mentioned Richard's Wild Irish Rose.......

You know, I was at Sal's Liquor Emporium just yesterday and spent $176 stocking up on some odds and ends. I don't know what I was thinking...
Forum: FIRE and Money 10-23-2014, 03:07 PM
Replies: 60
Views: 3,697
Posted By youbet
I assume you mean that the "one way" that story...

I assume you mean that the "one way" that story ends is that you are glad you're comfortably self-insured for LTC and focus on recovery or at least on being as comfortable as you can until the grim...
Forum: FIRE and Money 10-23-2014, 02:53 PM
Replies: 60
Views: 3,697
Posted By youbet
At 67 years old, we feel like the LTCI train has...

At 67 years old, we feel like the LTCI train has pulled out of the station for us. If we could qualify for LTCI, premiums would be very high due to both our ages and some minor health issues....
Forum: FIRE and Money 10-23-2014, 02:36 PM
Replies: 60
Views: 3,697
Posted By youbet
Readers of this thread should bear in mind that...

Readers of this thread should bear in mind that mathjak107's LTCI situation is for his state of NY. Through a program called "Partnership," NY is chosing to pass out some benefits relating to the...
Forum: Stock Picking (Individual Security Analysis) 10-22-2014, 09:53 AM
Replies: 64
Views: 2,566
Posted By youbet
+1 What I don't have time for is reading...

+1

What I don't have time for is reading posts where an individual is going on and one about how busy he is and how he doesn't have the time or inclination to read an article, watch a video, etc....
Forum: FIRE and Money 10-22-2014, 09:37 AM
Replies: 87
Views: 5,031
Posted By youbet
I think you're missing something Jeff....... ...

I think you're missing something Jeff.......

Your "safe" annual spend rate between 62 and 70 doesn't change much, if at all, whether you start SS at 62, 66 or 70. Try it in FireCalc. You should...
Forum: FIRE and Money 10-22-2014, 09:29 AM
Replies: 87
Views: 5,031
Posted By youbet
I'm not sure what you mean by "most." 51%? 75%?...

I'm not sure what you mean by "most." 51%? 75%? 99%?

I started at 62 to protect DW due to GPO. But, as a side note, since I began SS just as we began recovery from the "Great Recession," the...
Forum: Other topics 10-22-2014, 08:56 AM
Replies: 148
Views: 4,697
Posted By youbet
And some working conditions today are better than...

And some working conditions today are better than 20 or 30 years ago. In some cases, far better.

If you're trying to sell you time to someone else and aren't satisfied with the offers you're...
Forum: FIRE and Money 10-22-2014, 08:39 AM
Replies: 60
Views: 3,697
Posted By youbet
How much are the premiums and what is the maximum...

How much are the premiums and what is the maximum payout in dollars?
Forum: FIRE and Money 10-22-2014, 08:32 AM
Replies: 60
Views: 3,697
Posted By youbet
I don't know if what you say applies to "most" or...

I don't know if what you say applies to "most" or not. It certainly doesn't apply to me. DW and I are self-insured and without any of the potential negatives you mention.
Forum: Other topics 10-21-2014, 10:04 PM
Replies: 79
Views: 2,381
Posted By youbet
I use it as a medium of exchange and for storage...

I use it as a medium of exchange and for storage of wealth. Otherwise, could care less about it.
Forum: Other topics 10-21-2014, 09:43 PM
Replies: 148
Views: 4,697
Posted By youbet
+1 Ultimately, our economy will benefit...

+1

Ultimately, our economy will benefit from employees moving freely from employer to employer to meet employers' demands for their skills. It's inefficient to handcuff employees and employers...
Forum: FIRE and Money 10-21-2014, 09:12 PM
Replies: 838
Views: 59,028
Posted By youbet
Not sure that would fit the true spirit of frugal...

Not sure that would fit the true spirit of frugal living and LBYM!

Although, I do remember one situation from years ago. I was in a job interview and the interviewer was a bit intimidating to...
Forum: FIRE and Money 10-21-2014, 08:44 PM
Replies: 838
Views: 59,028
Posted By youbet
I like the idea of doing the spending your...

I like the idea of doing the spending your neighbor does and still being the millionaire next door! Yes, it's possible to have it both ways.......
Forum: FIRE and Money 10-13-2014, 01:45 PM
Replies: 146
Views: 12,690
Posted By youbet
ER planning is extremely common in my wider...

ER planning is extremely common in my wider circle. Folks are having various levels of success as family decisions, career dynamics, the eonomy, health and other life factors step in. But ER...
Forum: Life after FIRE 10-13-2014, 01:32 PM
Replies: 66
Views: 3,499
Posted By youbet
it's really pretty easy. You go on with your...

it's really pretty easy. You go on with your plans for RE saying nothing. If/when expansion of your role happens, accept it and do your very best to excel and give your employer your best effort. ...
Forum: Other topics 10-12-2014, 09:10 PM
Replies: 64
Views: 2,323
Posted By youbet
+1. We own very few "things" that haven't...

+1.

We own very few "things" that haven't made "experiences" possible.
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