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Yahoo would do much better if it interviewed the Administrators of this site. They could provide a wealth of knowledge on what it takes to FIRE. They are living it and have for quite some time under changing economic conditions. Now that would be a valuable article for its readers.:dance:

Welcome to the forum and I wish you and your hubby well in your retirement. My wife and I have a similar story having a child diagnosed as Bipolar as a teenager. It's been a rocky road trying to keep her between the guardrails. She is doing well now but we're always concerned she will...

I had an initial AA that was 60/40 with CD ladder built for 5 years. In addition, I kept cash for emergency spending if needed. I never had to sell securities during the first few years, but I did withdraw from bond funds to rebalance AA. Those too were bleeding value during that time. I...

Retired in '08 I retired early in '08 just a few months before the big market crash. Now that was a pucker factor of an 11 out of 10. I took the lump sum option on my pension and didn't qualify for SS as I was 53. I also had accumulated an IRA that provided for a comfortable early retirement...

My definition of being wealthy is having enough money/resources to not be dependent on another in order to live the lifestyle they've chosen. :dance:

Well said Gumby. For those who have had the opportunity to hike the AT, your comments ring especially meaningful.

Disappointed with Customer Service I have been with Vanguard since the late 70's. Never really experienced issues until the pandemic hit. Now the wait time for a rep is totally unacceptable and needs to be addressed. I don't call much, but when I do, I expect prompt service and not having to...

Thanks for taking the time to put this together. No small task.:greetings10:

I recently purchased a Prius Prime and am delighted with it's performance. Being retired, I rarely go more than 30 mi/day. Have had if for several months now and the fuel gauge shows the tank is 7/8 full. Plug the vehicle into the 120V outlet overnight and it's ready to go the next morning...

For those from South Jersey: Cold: Chick's Deli (Cherry Hill) Italian Sub

Thanks for your reply. That's pretty much what I had thought was my option regarding a Roth conversion but wasn't totally sure. Looks like any extra RMD money will have to go into some form of non-IRA investment or gifted. Again thanks.

I have 6 years until I'm 72 however I have no earned income so I don't think I can do any conversions to a Roth IRA.

I have the majority of my retirement portfolio in Traditional IRA's (85%) and the remainder in a Roth IRA (15%). I've been retired since '08 and it has been funded entirely using the IRA's. I'm starting SS beginning this year and this will considerably reduce the amount of money needed from...

With the substantial retirement portfolio you have amassed and the fact that you no longer have that "fire in the belly" needed for a professional sales career, you are in a great position to make a change in your life. I had a very similar situation to yours when I pulled the trigger and have...

I retired on March 1, 2008 and the Great Recession was just getting underway. As I recall, it started fairly slowly but went quickly downhill around mid-year. It was quite an adventure for someone to retire early and loose about 30% of their initial portfolio in their first year. Don't let...

We spent about 10% less than 2019. Like most others, our travel expenses accounted for the difference. Hopefully will be able to make up for it in 2021. Happy New Year!!!

I too had surgery on both shoulders (not at the same time) and can attest that it is worth it in the long run. My surgeon said that most folks continue to suffer the pain until they can bear it no longer and then opt for surgery. One surgery was for a "frozen shoulder" the other for bone...

retired 58; 60/20/20 (stocks/bonds/cash)

Thanks MidPack for your example, it helped make sense of the wording issue you referenced within FIRECALc. I agree with you, the way FIRECALc states how much you can initially spend gives the inference that it's giving you the % of your initial portfolio and not potential SS or pension dollars...

I just wanted to get feedback/confirmation from the ER forum that I am interpreting the information from FIRECalc properly. When I use the "INVESTIGATE" section to see what initial spending level is recommended that provides a 95% success rate over a 30 yr. term, the initial spending amount...

Chinaco: :laugh: Very creative response and it is "funny" given our current politcal environment. Nice to see we can still have a sense of humor about some serious stuff. You made my day.

I appreciate your detailed feedback as well as the many others who have responded to my original post. I apologize for not including additional information in my original post such as age, etc. as I now see its relevance in providing quality feedback. I am currently in my mid-50's having FIRED...

Gumby Thanks for the reply. I had read the previous posts as well as many other posts based on searching "immediate annuities" in this forum. There are alot of opinions both pro and con for a SPIA for sure. However, I am attempting to get feedback from those retired forum members who do have an...

Geez, I'm not sure how to take your response? ??? I'm just trying to get quality feedback from a membership that I respect and realize has alot of useful information and experience to contribute to other members of this forum. I am researching annuities and searched this forum for related...

I was curious as to how many of our retired members use an Intermediate Annuity as part of their portfolio. I am considering purchasing one and would appreciate anyone's feedback on their experience researching and purchasing an IA. If you do have a Immediate Annuity, did you purchase one...