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Old 07-08-2020, 05:59 PM   #41
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Old 07-08-2020, 06:11 PM   #42
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People here that I respect - imoldernyou as a prime example of mental acuity with age and will be missed. Recommendations on this board are given weight; for instance someone mentioned CW Seed as a free streaming channel and we watched several episodes of an old BBC program - The Bleak Old Shop of Stuff and enjoyed it quite a lot. https://en.wikipedia.org/wiki/The_Bl..._Shop_of_Stuff

Learned about "place holder" Cds and opened several for $50 with Navy FCU - a lovely way to keep an OK interest rate until it becomes a good rate.

All manner of good info here.
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Old 07-08-2020, 06:19 PM   #43
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You can redeem a portion of an I-Bond - you don't have to redeem the whole thing at once (before it matures - once it matures there's no getting out of having to pay taxes on the whole thing).

This can be done for electronic bonds only, but if you want to redeem a portion of a paper bond, convert it to electronic first then you're good to go.

From a thread started by our beloved imoldernyou: https://www.early-retirement.org/for...ml#post2273258
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Old 07-08-2020, 06:36 PM   #44
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Old 07-08-2020, 07:27 PM   #45
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Originally Posted by Scrapr View Post
Wow...story?

I think the best thing has been Firecalc. I mess around almost monthly with scenarios. It always says I have a lot of headroom
I swear I started a thread but can't find it.

A while back someone posted about a combination smoke, CO, and natural gas detctor.

From whatever odd reason my nose cannot detect the stuff in natural gas to make it smell. Thought it was a good idea because we have a gas parlor stove in one side of the open plan and a gas range in the other.

A few months later it goes off in the middle of the night and I bolt out of bed to find the stove on. Apparently I had bumped the knob on the gas range when I got something to drink a few minutes before. If the detctor didn't go off eventually the pilot light in the parlor stove would have!

Big boom avoided!!!!

Thanks again.
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Old 07-08-2020, 07:30 PM   #46
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Seriously, the best thing I learned was to come here every day and read the experiences of others.
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AA 60/35/5 considering SS and pensions a SP annuity
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Old 07-09-2020, 05:19 AM   #47
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Seriously, the best thing I learned was to come here every day and read the experiences of others.


It is, indeed, habit forming!
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Old 07-09-2020, 05:37 AM   #48
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Roth conversion threads
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Originally Posted by CardsFan View Post
- Roth conversions to the top of the 12% bracket. Never thought of them before
+1

Roth conversions during the ER time and before Social Security.

There is very little talk of this in the standard press.
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Old 07-09-2020, 09:33 AM   #49
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I was amazed at the overthinking that many participants have on ER and many other decisions.

Who knew that I was such a wild and crazy guy! FIRECalc just another tool. Check!
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Old 07-09-2020, 09:35 AM   #50
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Besides pretty much every thing everyone mentioned, the people here have strengthened my belief that we have more than enough to have great retirement. No matter how sure I was, confirmation is always comforting. Also, that way too many people with more than enough have way too much trouble spending it. I will avoid that deadly(?) trap....
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Old 07-09-2020, 09:36 AM   #51
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I learned I had been misinformed about SS Survivor benefits.
I also learned you can save a lot of money by not bathing and drinking Sterno.
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Old 07-09-2020, 09:36 AM   #52
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What have I learned? There are actually other people in this country that don't live paycheck to paycheck.
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Old 07-09-2020, 10:45 AM   #53
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I am not alone. I am not a crackpot because I don't have a timeshare, motorhome, boat and well stocked wet bar all paid for with borrowed money. It's OK not to work.

This, especially being ok with not working.
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Old 07-09-2020, 10:51 AM   #54
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1. That early retirement is not unusual and that we don’t have to stay on the work hamster wheel for validation.

2. Every post from imoldernu. I miss him.
I do too. He had wonderful stories and his advice was priceless. RIP imoldernu. Hope his bride and family are doing well.
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Old 07-09-2020, 11:11 AM   #55
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Agree.
Imoldernu's posts were reassuring that this early retirement thing wasn't a huge mistake.

RIP
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I do too. He had wonderful stories and his advice was priceless. RIP imoldernu. Hope his bride and family are doing well.
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Old 07-09-2020, 11:53 AM   #56
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What have you learned here that is life changing or at least darned helpful for your FIRE plans?
Reading and writing here is a good way to keep my mind active.
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Old 07-09-2020, 12:12 PM   #57
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When I first started coming here in my 20's I was just starting to invest and I was using AG Edwards and it's crazy high fees. I had never heard of Vanguard. Hard to imagine now how little I knew but people here were a big help in the early days
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Old 07-09-2020, 12:16 PM   #58
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When I first started coming here in my 20's I was just starting to invest and I was using AG Edwards and it's crazy high fees. I had never heard of Vanguard. Hard to imagine now how little I knew but people here were a big help in the early days
I just looked back and it appears that LOL! was the one who enlightened me initially way back then. Thank you
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Old 07-09-2020, 12:59 PM   #59
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Here is just a sample of the many things I learned from this forum. I suppose some of these should have been obvious to me, but whatever.
  • Figuring out one's annual expenses is key to determining feasibility of FIRE
  • A WR is not a one-size-fits-all thing
  • FIRE for my wife and me was absolutely possible
  • Reading this forum got me to look at things from different angles (e.g., expenses in terms of % of NW; NW in terms of X times expenses, etc.)
  • Different withdrawal strategies other than the "Trinity Study" method
  • If a 3.5% withdrawal rate provides lots of discretionary spending, that I could easily cut back if necessary; and if I chose to follow a fixed % of NW withdrawal strategy, I might be able to use an even higher WR
  • Investing with dividends as the main focus is not the silver bullet some people make it out to be
  • Based on the past ~53 years of historical data, and a 70/30 AA, one might be able to consider 3% - 3.14% to be a "perpetual WR" (no guarantee, of course)
  • The reasons why a WR of 4% (adjusting for inflation) for a 30 year time horizon may not be as safe now as it was when it was first identified as a SWR
  • Sequence of return risk


There's probably so much more. I feel lucky to have found this site.
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Old 07-09-2020, 01:00 PM   #60
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Social Security discussions have been one great area of knowledge. It's like an on-going class where you want to answer, but think it wise to hold off because there is always a part of the question you don't entirely grasp.
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