Recent content by kite_rider

Years retired :7.5 (both me an DW) Pension and SS: $0, SS is still at least 10 years out and I'm a skeptic - not counting on anything from it - but both DW and I have made enough contributions to get a decent monthly check if things stay as they are Investible assets: ~3.3X the value at...

Hmmmmm, maybe you should spend 1 minute googling the "Peterson Foundation"? You will be enlightened to find that it's much more than Pete Peterson. Or maybe you think his ghost is doing all the recent work???? Any thoughts or comments about the national debt and the related unfunded liabilities...

Is there some magic debt to GDP ratio that all of the sudden changes everything for you? I'm not sure how to read your comment. I've got an idea, if that is what you are really asking... if existing debt / GDP is over 100% already and we have about $22T of debt now. Then it appears that we've...

Why? Myra Adams? Can't say I know her or much about her other than what is at the end of the article. I've read a lot of similar things on a website by the Peterson Foundation. They seem to be interested in this sort of thing and not obviously biased towards one political party or the other. I...

While I worry about the national debt, I worry even more about our nations unfunded liabilities. That is the amount of money already owed or promised to American citizens but without the funds to fulfill those obligations. Recently, I read that number was up to $122 TRILLION!! Much of those...

Based on my limited knowledge of the subject I would guess that most (or at least those who are FIRE'd) on this forum are 'accredited investors'. You either have to have income of over $200K or over $1M in net worth not counting your primary residence...

I too have run into some of the warts related to this platform. For example, I learned right off the bat that trading options (or even stocks) with limit orders doesn't work all that well. So I had to finally just give up on the volatile options since I couldn't get them to trade the way I...

Interesting thread, my plan has always been to 'die broke' but not be broke the day before. ;) A potential inheritance complicates the plan a little bit since my MIL has a fair amount of assets and the same goes for my own aging mother. In the mean time, MIL wants DW (and me too I guess) to...

Ok this is making a little more sense now. $147K seems too high since it implies the cost of the house was $213K and it was $215K. Plus it doesn't include the repairs required to make it habitable. 25% tax on depreciation! That sounds steep since the marginal tax rate for many probably isn't...

So is that 7.5% of regular taxable income - like money from a j*b. Or is it 7.5% of AGI (or MAGI)? I ask because I have mostly interest, qualified dividends and LTCG and almost no 'income' in the pre-FIRE sense of the word.

Thanks for feedback so far! I'm digging up my old returns (always used TurboTax over the years this property was in play) and will find the total depreciation. Some interesting stuff on form 6252: Line 19 of this form "Gross profit percentage" came up as 0.4853. Looks like the final $360,000...

Just curious, how are you deducting your health insurance premiums? I was under the impression these were not deductible for the normal FIRE'd folks..

Ha! This thread made me chuckle. While out mt biking in Austria last fall my German speaking buddy was quick to help this cute 20 something fix her tire on the side of the trail. While my brother and I couldn't make out exactly what was said during the exchange - we got a big laugh out of our...

I couldn't agree more with this part of the statement; but strongly disagree that a $1,000 per month payment will motivate society to shift to a life of excess and debauchery. If a person tries to live this way off $1,000 per month, they've got bigger issues than UBI. Sadly, people who purse a...

I hear ya Boho. I'm also thinking this may be a good time to get a bit more conservative with my portfolio. Looks like you've been making a comeback in recent months. My primary goal is to stay ahead of Nunnun. But I'll take some risks to keep my lead above you too. Still optimistically hoping...