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Forum: Health and Early Retirement Yesterday, 09:10 PM
Replies: 12
Views: 209
Posted By nun
Well in our Universe naturally occurring organic...

Well in our Universe naturally occurring organic molecules are left handed as are particle electro-weak interactions, so if those were reversed as well I imagine that she would be ok. She'd probably...
Forum: FIRE and Money Yesterday, 08:31 PM
Replies: 34
Views: 1,987
Posted By nun
You need to think a lot more about risk and the...

You need to think a lot more about risk and the ways you might fail rather than plugging numbers into software and believing the results. Starting retirement with 90% equities could be a disaster if...
Forum: FIRE and Money Yesterday, 12:22 PM
Replies: 26
Views: 1,103
Posted By nun
That's close to my scenario. The pension buy in...

That's close to my scenario. The pension buy in was a convenient way to produce income and get some longevity insurance. I was dubious about it as I have enough to fund my retirement without any...
Forum: FIRE and Money Yesterday, 11:55 AM
Replies: 26
Views: 1,103
Posted By nun
I'm one year into ER and just took a step up in...

I'm one year into ER and just took a step up in my equity percentage from 50% to 70% because I used stable value and some total bond index to buy an annuity, not much gliding, more of a leap to more...
Forum: FIRE and Money Yesterday, 11:29 AM
Replies: 4
Views: 308
Posted By nun
You need earned income to contribute to a ROTH or...

You need earned income to contribute to a ROTH or IRA and pension income isn't earned. Your pension check is income and taxable.....and you don't have anything like a DC account balance to...
Forum: FIRE and Money Yesterday, 10:38 AM
Replies: 26
Views: 1,103
Posted By nun
Skepticism is good armour. Buying a variable or...

Skepticism is good armour. Buying a variable or deferred annuity at that age is probably not the best move, too much complication and expense. Being a skeptic you should look at what you are buying...
Forum: FIRE and Money Yesterday, 10:18 AM
Replies: 34
Views: 1,987
Posted By nun
Yes 6.5% assumes a 100% equity allocation and...

Yes 6.5% assumes a 100% equity allocation and that the future will follow the statistics of the past. I also think that its too optimistic for planning.
Forum: FIRE and Money Yesterday, 10:16 AM
Replies: 11
Views: 389
Posted By nun
WEP rules are complex. Private foreign pensions...

WEP rules are complex. Private foreign pensions will probably fall under WEP, but often foreign Government pensions won't, an example would be the new flat rate UK state pension.
Forum: FIRE and Money Yesterday, 09:09 AM
Replies: 26
Views: 1,103
Posted By nun
Modeling has a place, but it must be kept in...

Modeling has a place, but it must be kept in perspective and understood that it is not a recipe for success. It might give you an indication of the ingredients, but there's still a million ways to...
Forum: FIRE and Money Yesterday, 07:52 AM
Replies: 26
Views: 1,103
Posted By nun
I think the 4% you are referring to is the "Safe...

I think the 4% you are referring to is the "Safe Withdrawal Rate". Pfau's paper actually concluded that non-COLA'd SPIAs won out over bonds and even COLAed annuities because the COLAed annuities were...
Forum: FIRE and Money Yesterday, 07:33 AM
Replies: 26
Views: 1,103
Posted By nun
Unfortunately any level of sophistication in the...

Unfortunately any level of sophistication in the modeling is hostage to the assumptions made. Change an assumption and you get a different answer. So my modeling assumes conservative return. I don't...
Forum: FIRE and Money Yesterday, 07:21 AM
Replies: 11
Views: 389
Posted By nun
Your friend will have the 401a plan with an...

Your friend will have the 401a plan with an investment company like Fidelity etc.....but if they are working for a university it will probably be TIAA-CREF. If he buys an annuity he can do it with...
Forum: FIRE and Money 03-03-2015, 11:25 PM
Replies: 34
Views: 1,987
Posted By nun
Managing the sources of your income is important....

Managing the sources of your income is important. Once the paycheck disappears and you have to create you own, this definitely become a lot more "real". But there are lots of ways to fund the years...
Forum: FIRE and Money 03-03-2015, 10:22 PM
Replies: 26
Views: 1,103
Posted By nun
Sorry, someone's modeling retirement portfolio's...

Sorry, someone's modeling retirement portfolio's and not including the possibility that bond yields might go up........how long do we think interest rates can stay this low. Surely everyone now...
Forum: FIRE and Money 03-03-2015, 10:00 PM
Replies: 34
Views: 1,987
Posted By nun
I plan to leave a lot of money to my grand...

I plan to leave a lot of money to my grand children. I've always been happy to live well within my means. I did that when I worked which allowed me to save enough to keep doing that in retirement.
Forum: FIRE and Money 03-03-2015, 05:40 PM
Replies: 11
Views: 389
Posted By nun
Agreed for NRAs living in the UK the withholding...

Agreed for NRAs living in the UK the withholding tax rate is 0%. If you are a US citizen living in the UK you cannot elect zero withholding, as you can if you live in the US, and 20% will be withheld...
Forum: FIRE and Money 03-03-2015, 05:39 PM
Replies: 11
Views: 389
Posted By nun
You can do whatever you like with the 401a money,...

You can do whatever you like with the 401a money, buy a single premium immediate annuity or manage it in a portfolio of equity and bond funds for income. Contributions are made tax deferred and grow...
Forum: FIRE and Money 03-03-2015, 05:28 PM
Replies: 34
Views: 1,987
Posted By nun
You can put in an interest rate that will tell...

You can put in an interest rate that will tell you want ever you want, but is it appropriate. If you are ok with 6% then go with it. I'm a lot more cautious and use 4% return and 3% inflation. I...
Forum: FIRE and Money 03-02-2015, 11:44 PM
Replies: 34
Views: 1,987
Posted By nun
6% average return might not be outrageously...

6% average return might not be outrageously optimistic, but I'd be a bit more conservative and use 4%. If you can succeed with that you have plenty of head room.
Forum: FIRE and Money 03-02-2015, 05:03 PM
Replies: 82
Views: 2,906
Posted By nun
Some calculation that gives you an interest rate...

Some calculation that gives you an interest rate assuming a particular life expectancy can be instructive, it can teach you how SPIAs work. But if you are considering an SPIA you are trading risk for...
Forum: FIRE and Money 03-01-2015, 09:55 PM
Replies: 33
Views: 1,369
Posted By nun
Get the survivor benefit, or at least a benefit...

Get the survivor benefit, or at least a benefit certain period.
Forum: FIRE and Money 03-01-2015, 08:36 PM
Replies: 82
Views: 2,906
Posted By nun
A single premium deferred annuity is more...

A single premium deferred annuity is more appropriate for pure longevity insurance. You put down a comparatively small sum to ensure an income later in life. A lifetime SPIA will give you some...
Forum: FIRE and Money 03-01-2015, 10:53 AM
Replies: 14
Views: 717
Posted By nun
It's easy to make claims! But exactly what are...

It's easy to make claims! But exactly what are they promising. The sales pitch is vague so people full in the gaps with assumptions and end up with something very different from what they expected.
Forum: FIRE and Money 02-28-2015, 10:39 PM
Replies: 33
Views: 1,369
Posted By nun
If you are both in good health or if you are in...

If you are both in good health or if you are in poor health, then I would take the survivor benefit.
Forum: Life after FIRE 02-28-2015, 06:28 PM
Replies: 5
Views: 462
Posted By nun
My one year ER anniversary in on March 8th. I'm a...

My one year ER anniversary in on March 8th. I'm a lot less worried about finances now that I was a year ago. I think it takes a year to get comfortable with the new way your accounts move without the...
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