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I am sure some of you will understand what I am saying, but today I signed the paperwork to semi-retire into a full time job. For the last 18 years I have been working 60-80 hours a week as a consultant, stringing multiple smaller jobs into a full time job(really two full time jobs). So as...

I am maybe 5-10 years from retirement(coast firing), but I have no idea how I will give my notice. I am a IT contractor doing devops with about a dozen different clients. Do I slowly "fire" each client one by one? Do I give them all some sort of notice for a specific retirement date? Or do I...

My plan is to self fund LTC with the value of my house. It falls apart a little I guess I only one of my DW or I needs care. But still, I think the equity will cover the both of us.

My point is, when I answered before about getting recognized, I didn't take that to mean displaying my wealth. The recognition I would want is that I am someone you could go to for advice because I succeeded.

I find it interesting that a lot of people in this thread link the recognition of success to outward displays of wealth. As though they are the same thing. I think we can all agree that Warren Buffet is successful and is recognized as successful, but he drives a modest car and lives in a...

Maybe. I would like to be recognized because I would like to help other people achieve the same and that would be more likely to happen if my success was recognized. Also, I would like to be able to talk about the ridiculous increase in my net worth this year to SOMEONE. I've never felt that...

I am 10 years out and coasting towards fire. I have two buckets, one for before my pension and one for after. The one for before I am requiring 100%, the one after is 80%. It's a little easier to feel safe when you have a pension.

This is an interesting point. Your questions are not financial, they are psychological. Maybe consider talking to a psychologist or a life coach or something. But someone capable of providing advice at your socioeconomic level. Not saying you have problems, you just need help sorting out...

This is pretty far off the 4% safe withdrawal rate... and that includes inflation.

I've tried this in the past and it never seems to give the growth that I expected... maybe it reflects the rates that oldshooter provided...

If I am reading this right, the return on a 50/50 portfolio is 8.9% and the inflation is 4.1%. These are both pretty far off what I was expecting.

Its only planning, so I don't need it to be perfect. I looked at the Portfolio Visualizer site, a lot of stuff I don't understand but it looks like the inflation adjusted CGAR for an 80/20 portfolio is 6.65% so if I go with 6.5% that is a nice round number. Its all guess work of course. The...

First, in case the term isn't familiar. REF: https://fourpillarfreedom.com/what-is-coast-fire/ I think I am approaching the point I can Coast FIRE. The question is, what is a reasonable rate of return to use in my planning? The time period involved is approximately 10 years. My AA is 80/20...

Here are the predictions I wrote around the beginning of March. A fair number are positive. If large population centers go under quarantine - weight loss due to only getting staples, resulting in reduced obesity, reduced diabetes - suicide due to financial pressures - air quality...

Still 10 years from retirement here, but I feel I have saved enough that it should grow on its own sufficiently to be FI by then. So this is a year of blowing dough. So far this year I've paid for 1 week in Jamaica, 3.5 weeks in Australia and NZ, bought a new La-z-boy couch and paid off the...

I haven't read through this thread so apologies in advance if this was covered. At least where I am from, if you are your SO live together for sufficient time to will be considered common law. Once you are married your house will be considered the matrimonial home and your SO will...

Canada's response to under funding For the Canada Pension Plan(CPP, which I think covers all of the provinces except for Quebec) they identified in the mid-80's that their ponzi scheme wasn't sustainable. So what did they do? 1. Increase immigration of young people. This would prop-up the...

Welcome aboard. I'll add my 2c. Consider the cost of living in your area. Move from a high cost of living(HCOL) area to a MCOL or LCOL area could be enough to tilt things your way.

I am not sure what you are saying. I am happy for the extra data point and thanked hausfrau. I didn't mean to imply anything else. More data points would be good :)

Thank you for the data point. I suspect I live in a HCOL area which is reflected in more expensive groceries. Would you say you live in the HCOL area? Most of what I am talking about are discretionary spending and the kids sports even more so.... so I shouldn't have bothered mentioning it...

I don't track anything, and I don't budget. But Mint does for me. Just started using it Dec 2017 so I only have one full year of data. Because it's mint doing the work, purchases that span multiple categories don't get divided properly. For example if we buy clothes and food at Walmart it...

Certainly they both sit at the dinner table while things are being discussed. Both kids particularly enjoy math and money in particular(I think this is likely very common). Most adults don't give children enough credit. The things they have learned in their short lives are mind boggling...

DW and I have a policy that no question goes unanswered regardless of how uncomfortable it makes us feel. If they end up telling someone and then regretting it, it will be an excellent life lesson. If it leads to something negative for me then I will be disappointed but nothing more...

We don't talk specifics with anyone other than our kids(8 and 10) and all of those conversations are prefaced with warnings that they should keep it to themselves. I read an article a while back about the habits of wealthy people and one of the things was that they are open when talking...

I've searched a bit for previous threads but the phrases seem to match too many unrelated threads on this forum. I'm wondering if anyone has a list of expected but irregular expenses. I am looking to put together a budget(or plan anyway) with some more specifics. I am thinking things like: #...