tightasadrum
Full time employment: Posting here.
Hello,
It’s time to step out of the shadows. I’ve enjoyed following many threads infrequently on this forum for about a year now. Have wanted to jump in several times with input. But now I have a question, so here I am.
First the personal:
Age 60 (don’t look it, don’t feel it, how did this happen?)
Married to a beautiful younger woman off and on for 32 years
Daughter in 3rd year at UNC, economics major (hey…I started late, OK?)
Two cats and a rooster (don’t ask), just buried my 17-year-old dog
Home in Athens, GA (Go DAWGS!)
Veteran (Navy) during the last bad white house decision before this one;
ASWO DD-547 & DE-1078 Plank owner
Hobbies: golf and tennis until I quit the country club, no time to play
Private pilot, but haven’t been up lately, too costly
Own Sailboat and won several annual lake races, haven’t been out in three five years?
(Are you picking up a pattern here?)
Do get to every football home game though
Asset setup:
80% tax deferred; 20% after tax investments
(Allocation way out of whack; way too liquid)
Real estate: home, lake home (will sell);
rentals: 8-unit apartment, 2BR & 3BR houses
(Now I remember why I’ve got no time for hobbies.)
FIRECalc tells me to quit … yesterday. But I’m still nervous about expense line.
I don’t spend much, but I’m still talking to DW & DD about LBYM. I see the heads go up and down, but the bills keep coming. Any ideas for selling this?
Here's the Question: Should I enter the amount for the retirement portfolio as it exists in the accounts, or should I discount it for what it probably will be after taxes. I’ve seen the answers in the Forums that you should put taxes in the expenses line, but taxes will vary widely depending on whether it comes out of the tax deferred account or the after tax account and when. How can FIRECalc possibly produce an correct number with this kind of variation of inputs? Please explain.
I’ll enter this now and jump into traffic for an hour and a half. Wish me luck!
It’s time to step out of the shadows. I’ve enjoyed following many threads infrequently on this forum for about a year now. Have wanted to jump in several times with input. But now I have a question, so here I am.
First the personal:
Age 60 (don’t look it, don’t feel it, how did this happen?)
Married to a beautiful younger woman off and on for 32 years
Daughter in 3rd year at UNC, economics major (hey…I started late, OK?)
Two cats and a rooster (don’t ask), just buried my 17-year-old dog
Home in Athens, GA (Go DAWGS!)
Veteran (Navy) during the last bad white house decision before this one;
ASWO DD-547 & DE-1078 Plank owner
Hobbies: golf and tennis until I quit the country club, no time to play
Private pilot, but haven’t been up lately, too costly
Own Sailboat and won several annual lake races, haven’t been out in three five years?
(Are you picking up a pattern here?)
Do get to every football home game though
Asset setup:
80% tax deferred; 20% after tax investments
(Allocation way out of whack; way too liquid)
Real estate: home, lake home (will sell);
rentals: 8-unit apartment, 2BR & 3BR houses
(Now I remember why I’ve got no time for hobbies.)
FIRECalc tells me to quit … yesterday. But I’m still nervous about expense line.
I don’t spend much, but I’m still talking to DW & DD about LBYM. I see the heads go up and down, but the bills keep coming. Any ideas for selling this?
Here's the Question: Should I enter the amount for the retirement portfolio as it exists in the accounts, or should I discount it for what it probably will be after taxes. I’ve seen the answers in the Forums that you should put taxes in the expenses line, but taxes will vary widely depending on whether it comes out of the tax deferred account or the after tax account and when. How can FIRECalc possibly produce an correct number with this kind of variation of inputs? Please explain.
I’ll enter this now and jump into traffic for an hour and a half. Wish me luck!