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Forum: FIRE Related Political Topics 07-02-2015, 03:18 PM
Replies: 17
Views: 719
Posted By youbet
You're kidding, right? (Spoken by a long...

You're kidding, right?

(Spoken by a long time resident of both Chicago and the suburbs.)
Forum: FIRE and Money 07-02-2015, 02:06 PM
Replies: 193
Views: 10,259
Posted By youbet
Very true. And you also have to include the...

Very true. And you also have to include the variability of investment returns in the equation. As mentioned earlier, I started SS at 62 because of our situation here (wife is impacted by GPO) and...
Forum: FIRE and Money 07-02-2015, 12:48 PM
Replies: 42
Views: 2,993
Posted By youbet
+1 Despite having lived in the Chicago area...

+1

Despite having lived in the Chicago area most of my life, in retirement I'm growing weary of the winters. OTOH, I really don't like heat and humidity. When it hits 90f, especially if it's...
Forum: FIRE and Money 07-02-2015, 12:21 PM
Replies: 193
Views: 10,259
Posted By youbet
Agreed. And it does seem like eliminating the...

Agreed. And it does seem like eliminating the questionable "file and suspend" strategies would go a long way towards this. Why have our kids likely paying higher FICA or having later FRA ages,...
Forum: FIRE and Money 06-29-2015, 09:48 AM
Replies: 97
Views: 4,967
Posted By youbet
+1 There are various reasons to start SS...

+1

There are various reasons to start SS early beyond break-even point calculations or a desire to "lock in" benefits.

I started at 62 because DW is impacted by GPO, cannot collect SS as...
Forum: FIRE and Money 06-29-2015, 09:25 AM
Replies: 77
Views: 3,694
Posted By youbet
This sounds odd. There is no shortage of good...

This sounds odd. There is no shortage of good used cars at good prices......... yet you do have to search to find them?

The used car market for 1 - 2 year old popular models in prime...
Forum: FIRE and Money 06-27-2015, 03:27 PM
Replies: 6
Views: 514
Posted By youbet
Either buy the Schwab equivalent fund, if one...

Either buy the Schwab equivalent fund, if one exists, and you'll wind up paying in the vicinity of 0.04% higher ER (pretty negligible) or buy the Vanguard ETF equivalent of the Admiral fund.

...
Forum: FIRE and Money 06-27-2015, 03:03 PM
Replies: 21
Views: 1,118
Posted By youbet
I'm not either. I only went back 10 yrs (the...

I'm not either. I only went back 10 yrs (the tool I grabbed only went back that far) but it showed the growth of $10k to be $21,296 for preix vs $21,869 for vfiax. Those differences are clearly far...
Forum: Life after FIRE 06-23-2015, 02:16 PM
Replies: 18
Views: 833
Posted By youbet
Yeah, I was thinking the same thing too......... ...

Yeah, I was thinking the same thing too.........

OP, why do you say "I feel the need to replace these funds?" Is your retirement that close to the belt that a few unplanned kilobux of current...
Forum: FIRE and Money 06-23-2015, 09:53 AM
Replies: 6
Views: 514
Posted By youbet
Yes. I do business with Schwab and generally am...

Yes. I do business with Schwab and generally am able to avoid paying much of the 0.1% delta that RB uses in his example. But I can't avoid higher costs completely even though Schwab has their own...
Forum: FIRE and Money 06-21-2015, 11:59 PM
Replies: 66
Views: 3,810
Posted By youbet
Pencil me in as a robot too. We never reduced...

Pencil me in as a robot too. We never reduced spending during the Great Recession despite our portfolio being down in excess of 30%.
Forum: FIRE Related Political Topics 06-09-2015, 04:24 PM
Replies: 51
Views: 2,056
Posted By youbet
This does seem somewhat overstated. Several...

This does seem somewhat overstated. Several posters pointed out reciprocal treaties, etc. that sometimes exist which dampen the tax bite. Although, it does sound like doing the taxes might be a...
Forum: FIRE and Money 06-09-2015, 03:54 PM
Replies: 53
Views: 3,360
Posted By youbet
Yes. I wasn't saying your math wouldn't work...

Yes. I wasn't saying your math wouldn't work regarding the required investment return to cover the 60 yrs old to 70 yrs old period. I was just trying to remind folks about the inflation risk...
Forum: FIRE and Money 06-09-2015, 03:33 PM
Replies: 53
Views: 3,360
Posted By youbet
Wow, that's quite an assumption! Actually, most...

Wow, that's quite an assumption! Actually, most people use FireCalc (or other tools) to test WR's to avoid running out of money before some number of years pass given some investment strategy and...
Forum: FIRE and Money 06-09-2015, 03:18 PM
Replies: 53
Views: 3,360
Posted By youbet
That is, you'd have $491 "nominally" for life. ...

That is, you'd have $491 "nominally" for life. But, and it's a big "BUT," who knows what the real value of that number will be in buying power as time marches on. I'm guessing if you live 20 yrs,...
Forum: Other topics 06-07-2015, 03:35 PM
Replies: 134
Views: 5,001
Posted By youbet
Lots of insight into people given by their...

Lots of insight into people given by their responses and comments in this thread.
Forum: Other topics 06-07-2015, 03:29 PM
Replies: 134
Views: 5,001
Posted By youbet
Did the IRS actually know you overpaid and did...

Did the IRS actually know you overpaid and did someone there actually make a decision to not inform you and return your money?

While I wouldn't count on it happening, I had the IRS send me a...
Forum: FIRE and Money 05-28-2015, 09:19 AM
Replies: 14
Views: 1,002
Posted By youbet
kiki...... I agree. I looked at...

kiki......


I agree. I looked at transferring IRA money to PenFed or another institution which frequently offers (relative) high yield CD's. This appeared to be a bit of a hassle due to...
Forum: Other topics 05-26-2015, 02:12 PM
Replies: 75
Views: 3,331
Posted By youbet
Yes, they have to get the money from someplace. ...

Yes, they have to get the money from someplace. Low or zero state income taxes often mean higher property taxes. Then you have to consider how you like your government run. High property taxes...
Forum: FIRE and Money 05-26-2015, 01:54 PM
Replies: 379
Views: 29,844
Posted By youbet
If your DH takes SS at 62, that provides some...

If your DH takes SS at 62, that provides some financial protection for you should he pre-decease you. That's the primary reason I started my SS at 62. And depending on his success (or not) at...
Forum: Other topics 05-25-2015, 11:09 AM
Replies: 84
Views: 3,382
Posted By youbet
After thinking about your OP Karen, it's possible...

After thinking about your OP Karen, it's possible you are a bit over sensitive about the "what do you do for a living" question. That's perfectly OK and not unexpected. I bet a decade from now, when...
Forum: Other topics 05-25-2015, 10:40 AM
Replies: 84
Views: 3,382
Posted By youbet
Yes! That's my status at the 9 year point. I...

Yes! That's my status at the 9 year point. I FIRE'd at 58 and am now 67. 58 was, of course, plenty old to avoid most of the "how did you do that" inquires. And now at 67, most would be surprised...
Forum: FIRE and Money 05-25-2015, 10:23 AM
Replies: 91
Views: 9,313
Posted By youbet
Thanks for that sengsational! I know close to...

Thanks for that sengsational! I know close to zero about brewing, but just seeing your setup expand from its compact storage configuration to in-use configuration was inspirational!
Forum: Other topics 05-25-2015, 09:32 AM
Replies: 84
Views: 3,382
Posted By youbet
+1 Sometimes I think that being...

+1

Sometimes I think that being recognized for the accomplishment of attaining "FIRE'd" status young is really important to many. Some are actually anxious to bring it up in conversation as an...
Forum: FIRE and Money 05-25-2015, 09:02 AM
Replies: 91
Views: 9,313
Posted By youbet
Probably 10% to 20% of my "electronics stuff...

Probably 10% to 20% of my "electronics stuff collection" belongs in the garbage. I've been pretty good the past 2 - 3 years about tossing/selling/giving away not working or not used goodies.

...
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