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Old 10-19-2020, 10:34 PM   #21
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Join Date: Oct 2020
Location: Hudson Valley
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Originally Posted by Letj View Post
I couldnít agree with you more! Believe me I am very contented and really have no interest in amassing wealth at the expense of time and quality of life. I am trying to off load properties to truly free myself. The issue in my market, if your properties are not renovated, investors want to pick them up at fire sale prices. I have so many opportunities Iíve left on the table that some think I am nuts. First I walked away from a good career at 50 and could consult or work easily but wonít.
I don't think you're nuts. Life's short. Submitting to unnecessary stress is what's nuts.
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Old 10-20-2020, 09:04 AM   #22
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Join Date: Nov 2013
Location: Twin Cities
Posts: 3,795
Originally Posted by Eric S View Post
Everywhere's great for 5 days. Everywhere's a bit of a pain for 14 days. If you can stay 15 days and still think it has appeal, that would be meaningful!

That is a slow-travelerís quote to live by! Itís been exactly my experience.
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Old 10-20-2020, 09:18 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 34,812
Originally Posted by braumeister View Post
FWIW, that is exactly what FIRECalc is designed to do. Have you spent much time using it?
Originally Posted by Eric S View Post
Not enough, it seems! ...
Originally Posted by Dtail View Post
Why not run your numbers through Firecalc and let us know the results.
Many of us can answer detailed questions about the results, or how to input unusual items.
Input your situation into FIRECalc assuming no house purchase, following the tabs along the top for Other Income/Spending (which would include Social Security), etc.

The under the Investigate tab, select the option for FIRECalc to solve for a spending level at a given level of success (95% is the default)... see first picture below. Then Submit and you'll see a graph similar to the second picture below (based on FIRECalc's default assumptions).

Then reduce the starting portfolio balance for an amount that you might spend on a house and see if you think you can live with the resulting safe spending level.... trial and error making changes until you have somehting that you can live with.
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If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
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Old 10-24-2020, 07:16 PM   #24
Full time employment: Posting here.
Join Date: Mar 2004
Posts: 520
Such an interesting conversation! Since retiring, I’ve been enjoying a more pared-down lifestyle. In Vermont there had to be a good reason to get out of your jeans and flannel shirt, and I’ve pared down my w*rk wardrobe dramatically.

I’m moving, though, to the Southern Hudson Valley, where there’s a higher COL. My daughter, SIL, and 2-year-old granddaughter live there, and when I missed the little one’s second birthday due to the pandemic I knew things had to change.

People down there wear nice clothes. Good thing I didn’t dump all of them!
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