Not a chance. My budget is flat into 2014 for the third consecutive year. We're doing fine, enjoying ourselves, and I'd rather stock up the rainy day fund.Let's face it folks we have had an outstanding year in the market. Has anybody decided to pull a little more this year from their investments for travel, hobbies, or just plain indulgement?
Congrats! I agree that's not "spending" as it didn't disappear in your net worth. Rather - you lowered some debt.I recently withdrew some money from my TFSA. It had been invested in an index fund and had done very well. I took advantage of the tax free gains (which might not last) and used that money to pay off the balance of the mortgage on an investment property. The payback is better cash flow and saving ~3 years of mortgage payments. I don't think of this as "spending" but just prudent realignment of my finances in pursuit of my goals of eliminating debt and generating income. I also gained more TFSA investment room.
About the same here. Oddly, we significantly increased our spending during the last down-tick in '08-09 because prices (and availability) for things like home improvements and travel were so good.Not a chance. My budget is flat into 2014 for the third consecutive year. We're doing fine, enjoying ourselves, and I'd rather stock up the rainy day fund.
About the same here. Oddly, we significantly increased our spending during the last down-tick in '08-09 because prices (and availability) for things like home improvements and travel were so good.
Let's face it folks we have had an outstanding year in the market. Has anybody decided to pull a little more this year from their investments for travel, hobbies, or just plain indulgement?
And you'll die a wealthy man...Took RMD. First withdrawal ever. That was good. Taxes were withheld. That was bad. I expect to use RMD as my SWR for the time being.
Hey! Your WR% will go up every year! Nice!Took RMD. First withdrawal ever. That was good. Taxes were withheld. That was bad. I expect to use RMD as my SWR for the time being.
Took RMD. First withdrawal ever. That was good. Taxes were withheld. That was bad. I expect to use RMD as my SWR for the time being.
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Where can I find one of those bumper stickers that says......We're spending our kids inheritance!2014 will be the first year I have to take an RMD. I am not having taxes withheld as I plan to consult part time and continue to fund my solo 401k. I'll continue to pay estimated taxes quarterly as I have over the last 15 years. My RMD will be my annual WR for the foreseeable future (we have a nice SS base also).
With no debt, two paid for houses and a nice chunk in our taxable accounts, we will also have the potential to leave a large legacy amount, unless some unforeseen medical issue(s) rears its ugly head.
Here: TopBumperStickers - HomeWhere can I find one of those bumper stickers that says......We're spending our kids inheritance!