Search results

Sorry for your loss….please accept my condolences. Please take care of yourself during this difficult and painful time.

Recommend Rick Ferri financial review (I think review cost $750)....high credibility and well known (show spouse books). He has a great perspective given the breadth of clients he has seen and years in industry. In your case, far more useful in talking through having enough than allocation...

You are doing great! The number one item in retirement planning is expense control. You are killing it in this area! The target 2034 fund is a great suggestion. The biggest thing with investing is navigating the noise....thinking others are beating market, hearing how great a stock is doing...

The decision was made to stay, don’t agonize over what is in the past. Treat your self to the upgrades. Approach your work everyday knowing you are FI and should you decide to leave, you still can (even paying insurance). Frankly, this current assignment/role will better help you navigate the...

At will employment (in the U.S.) ... things can change in a hurry...do not overthink. Simply share you plan to work for a long while. BTW, I could not imagine expecting someone to commit to that when hiring....we are all replaceable at work....not in our families.

I don’t post too often, but like to read frequently. Congratulations on your success. Saved like a pessimist and invested like an opportunist! I echo the 72t to pull down qualified dollars for liquidity .... and to manage taxes.

This thread is really helpful on providing aspects on retiring when kids are in school. My spouse and I both have plans to early retire - with oldest just starting high school and others being in middle and elementary. The comments are suggesting a positive experience, which I have wondered...

I am owner of apartments as well and have similar debate....my worry is more on unknown liability (fire, flood, Covid, etc) putting a dent in cash flow. Cashing out would reduce risks, but cash flow reduction and diversification would be missed. Highly recommend a management company, which is...

StuckinCT, have followed your posts the past few years. Just curious, why has your investment portfolio only marginally grown the last four years. I had impression you are largely stocks and would have expected higher increases. Don’t get me wrong, great nest egg.

Thanks for the insight. I appreciate it very much and glad to see you posting an update.

Thanks for the update, Senator. I often wondered how things were going as I followed your posts before you pulled the ripcord. I had assumed things were going well, which sounds like is the case. In another recent post, you mentioned that you likely went too early. Sounds like all has been...

Great point. A couple of years ago I started putting a deferred tax liability on our personal financial statement to get all numbers, in particular investable assets, closer to a post tax basis as values between Roth, post tax and 401k are apples and oranges when adding together.

Yes, tough situation, fortunately it appears Charlie has descent place to live and a bit of help to support him as he ages.

25% of annual spend is a lot for piece of mind (1/4 of 4% withdrawal rate). I appreciate piece of mind, but would have suggested you work into it rather then all upfront. I am guessing acquaintances did not share their portfolios with you, so it would be going off of their perceptions...

Have also been focused on 2023 being the FI year for me.

Lots of good advice provided / get to know how investors more than financially- references and family. Regarding guarantees, if you have provided any PGs in business and proceed, change yours to limited. If they are not investing capital, consider carry back / seller financing at 15%...

Nothing special. Between learning about compounding and fear of being poor, started saving early and have kept long term perspective in market downturns...and marrying somehow who bought into approach has also helped.

Interesting perspectives on concentration of risks...individuals will live off of one income and need 90%+ of that...which all comes from one employer (company). A side real estate business that is properly managed and properly levered can position a person well for the long-term by building...

Hi Dvalley, I grew up on a farm but lived in cities ever since leaving after high school. After the last move we opted for an acreage near the city (priced more like development land). We were somewhat concerned about the leap....especially for my wife. Have not regretted at all...in fact we...

Vanguard. Keep expenses low on mgmt and minimize risk of being tangled up in products that help advisors pocket books more than yours. Bogleheads forum which has similar people as this forum are very helpful in learning in this area. Sent from my iPad using Early Retirement Forum

You are doing great on multiple levels - living life, saving and navigating some big issues. You won't regret the savings later in life. Attempt to maximize earnings growth in coming years and put most of that growth towards savings- housing, kids, wanting to live more comfortable with age...

Interesting comment, Senator. I have watched colleagues go through what I call the great asset divide late in life and at a surprise by many. It is somewhat morbid to build a plan around it, but even in my ER plan I contemplated if it could weather that type of storm if it came up. Probably...

Thanks for the encouragement and insightful comments. Really appreciate the tone on future expenses for kids. We have a lot of kid raising to do, which you raise very well. We want to make sure we have plenty of cushion before pulling the plug. Given our debt and solid incomes & related...

Happy New Year -- 2015 Year End Update on my finances Hello, wishing everyone a happy new year. Have enjoyed reading the posts the past year. Closed the year with just over $5.4M in net worth -- split out as follows in round numbers: Cash - $0.1M 401ks and IRAs - $2.0M 529 - $0.3M (actual...

You have correctly interpreted the cash flows. You are also correct about all investments being tied up in the qualified savings plans. A few years back when we made the first purchase we debated whether to save less and pay down debt or to save in taxable accounts. Eventually we concluded that...