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12-13-2013, 07:24 AM
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#21
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,344
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 Quote:
Originally Posted by FIREd
I think she is giving pretty good advice, i.e. have a solid financial plan, be psychologically ready for ER, be mindful of inflation, etc... Many of the same topics we discuss here all the time. Her suggestion to use a lower withdrawal rate and keep your spending flexible seems to be more or less in line with the board's general consensus these days.
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+1 I've never been a big fan of her, but I didn't find anything she said in that ER section objectionable.
__________________
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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12-13-2013, 12:33 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Quote:
Originally Posted by Mulligan
Wow, that humbled me...I have about $4700 a month to spend and usually don't go above $3200 including a mortgage. I thought I was rich! Guess not, but then again, I live in fly over country...
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Chuckle. That's ($3200 - $4700) called a mortgage in Bay Area, CA. Nobody flies over their home. The air space is protected - too much noise. 
This is why I have to move to a fly over country when I get FIREd. Money saved will go to hiring Tiger's golf instructor and that will be the end of my mulligans .
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12-13-2013, 03:54 PM
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#23
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Quote:
Originally Posted by Chuckanut
Thank goodness you posted this. I will go out and start working again immediately. I have a friend in Nigeria who is making a fortune sending out e-mails. And he promised me two goats also.
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I dunno. Sounds like w*rk to me.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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12-13-2013, 05:47 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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Quote:
Originally Posted by Mulligan
Wow, that humbled me...I have about $4700 a month to spend and usually don't go above $3200 including a mortgage. I thought I was rich! Guess not, but then again, I live in fly over country...
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That's gonna be our range, too.
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12-13-2013, 10:35 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Location: Columbus
Posts: 1,118
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She is generalizing to suit the average clueless worker. Anyone with brains knows its a safe bet once you take a few hours or days to figure out both sides of the equation. The sorry thing is 90% can't or don't bother to get to that revelation.
....and the interviewer dude really got off base early by surmising that investment advisors would gain by trying to influence you to try to consider RE! It's just the opposite in fact and every piece of marketing is geared to keep you at work, earning more to stay in the game of wealth building as long as possible in order to pump more dough into their managed funds that increase fund fee yields
__________________
Ohio REFI PE ENG and Investor as of 2016
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12-14-2013, 10:53 AM
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#26
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Recycles dryer sheets
Join Date: Apr 2013
Location: Kansas City
Posts: 222
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Quote:
Originally Posted by Mulligan
Wow, that humbled me...I have about $4700 a month to spend and usually don't go above $3200 including a mortgage. I thought I was rich! Guess not, but then again, I live in fly over country...
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We live at the beach and stay well under what she's on about too. I can't imagine our lifestyle for $3-$4k a month O_O
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