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Search took 0.01 seconds. Search: Posts Made By: Sandman62
Forum: FIRE and Money 02-05-2019, 05:25 PM
Replies: 69
Views: 6,113
Posted By Sandman62
I haven’t gotten through this whole thread yet....

I haven’t gotten through this whole thread yet. But for now, I’ll share that I did reduce to 30/70 a year or two before I retired last year.

My philosophy is that I don’t need to make another...
Forum: FIRE and Money 12-19-2018, 05:15 PM
Replies: 95
Views: 12,552
Posted By Sandman62
I find these pretty close to GS thin mints, but...

I find these pretty close to GS thin mints, but cheaper. Of course, we’ve also often bought from GS too, to support their efforts.

I just bought some of these today on sale at Stop & Shop....
Forum: Hi, I am... 04-03-2018, 02:36 PM
Replies: 7
Views: 1,628
Posted By Sandman62
Your situation is very similar to ours. But you...

Your situation is very similar to ours. But you didn’t mention if you’ll also get SS? We will, so we opted to get a $300k life insurance policy on my DW, as her survivor benefit would’ve cost her 10%...
Forum: Hi, I am... 12-03-2017, 08:26 PM
Replies: 28
Views: 3,966
Posted By Sandman62
Congrats! I've been out a month now and it's so...

Congrats! I've been out a month now and it's so liberating. [emoji4]
Forum: Life after FIRE 10-01-2017, 09:19 AM
Replies: 398
Views: 76,317
Posted By Sandman62
I'm officially retiring from my IT Architect...

I'm officially retiring from my IT Architect position at an insurance company on Dec. 1st at age 55. Running out some vacation time puts my last day of work at Nov. 3rd. Can't wait!
Forum: FIRE and Money 09-07-2017, 01:21 PM
Replies: 124
Views: 9,772
Posted By Sandman62
Substitute "Social Security" for "pension" and...

Substitute "Social Security" for "pension" and see how most people who expect half, 3/4 or more of their eventual SS benefits would be screaming. :( What if the federal government decided they'd...
Forum: FIRE and Money 07-17-2017, 05:18 PM
Replies: 157
Views: 10,705
Posted By Sandman62
Counting both of our pension values - 1.1m and 1m...

Counting both of our pension values - 1.1m and 1m (per www.immediateannuities.com) - plus retirement and savings accounts, our home value is about 11% of total net worth.

FWIW, DW's pension is...
Forum: FIRE and Money 01-28-2017, 12:41 PM
Replies: 50
Views: 4,320
Posted By Sandman62
I hear ya. My MegaCorp changed our plan about...

I hear ya. My MegaCorp changed our plan about halfway through my career too. But they locked in what we'd earned til then, and only changed it going forward. I'll still get almost 60% (non-COLA)...
Forum: FIRE and Money 01-28-2017, 12:37 PM
Replies: 50
Views: 4,320
Posted By Sandman62
Ok, so as often happens with analogies, they...

Ok, so as often happens with analogies, they easily fall apart. :) Let's say the plumber was hired by the CITY to repair a public facility. Can the city tell the plumber they don't want to pay? Or...
Forum: FIRE and Money 01-28-2017, 09:15 AM
Replies: 50
Views: 4,320
Posted By Sandman62
Then suck it up and cut spending, as well as...

Then suck it up and cut spending, as well as raise taxes - whatever it takes to pay the bills incurred. But it shouldn't be an option to just not pay contracted debt. Fix pensions going forward. ...
Forum: FIRE and Money 01-28-2017, 08:42 AM
Replies: 50
Views: 4,320
Posted By Sandman62
Bingo! That's because the rich lobby and the poor...

Bingo! That's because the rich lobby and the poor organize. The rest of us complain on forums and social media.
Forum: FIRE and Money 01-08-2017, 11:58 AM
Replies: 132
Views: 16,811
Posted By Sandman62
Thanks JPG. AS much as I try to tackle this...

Thanks JPG. AS much as I try to tackle this mathematically/scientifically, I do realize it's a lot more art than that. Adaptability will be our friend, I hope.

Good luck to you too.
Forum: FIRE and Money 01-07-2017, 10:08 PM
Replies: 132
Views: 16,811
Posted By Sandman62
We've been doing this the past couple years and...

We've been doing this the past couple years and I'll explain why it made sense for us.

YMMV, but here goes...

I hope to ER from Megacorp late this year at age 55 when I will get my non-COLA...
Forum: FIRE and Money 03-25-2016, 04:43 PM
Replies: 53
Views: 4,512
Posted By Sandman62
You're right that it was "go-forward" as far as...

You're right that it was "go-forward" as far as the money. But her retirement age went from 28/30/35 years of service - by which she could've retired at the earliest at age 50 - to a new formula that...
Forum: FIRE and Money 03-25-2016, 06:31 AM
Replies: 53
Views: 4,512
Posted By Sandman62
Fine. Then substitute "social security and...

Fine. Then substitute "social security and Medicare" for pension, and see how the shoe feels on the other foot. Oh wait though, that will never happen simply because the majority of citizens would be...
Forum: FIRE and Money 03-25-2016, 06:08 AM
Replies: 53
Views: 4,512
Posted By Sandman62
This is a problem. Just because a majority of...

This is a problem. Just because a majority of people don't have something doesn't mean they should get to vote it away for those that do. Maybe alter it for the future (like my private mega crop did...
Forum: FIRE and Money 03-07-2015, 01:18 PM
Replies: 36
Views: 4,097
Posted By Sandman62
Isn't that 3 options? ;D While the latter two...

Isn't that 3 options? ;D While the latter two don't satisfy anyone who chose a career that didn't offer a pension, they also don't violate contracts.

The vast majority of people don't have a lot...
Forum: FIRE and Money 01-19-2015, 06:38 PM
Replies: 38
Views: 5,951
Posted By Sandman62
Thanks everyone for sharing your insights on...

Thanks everyone for sharing your insights on budgeting for big- ticket items!
Forum: FIRE and Money 01-19-2015, 09:02 AM
Replies: 38
Views: 5,951
Posted By Sandman62
I always wonder when I see these discussions if...

I always wonder when I see these discussions if early retirees who are living on half or less of their pre-retirement incomes have been retired long enough to have had to make some sporadic big...
Forum: FIRE and Money 05-18-2013, 11:49 AM
Replies: 55
Views: 5,745
Posted By Sandman62
Regarding helping out with weddings... Am I the...

Regarding helping out with weddings... Am I the only one who feels, if we wanna help, we should do so equally for DS as for DD? I mean, in these days of equality, isn't the old "parents of the bride...
Forum: FIRE and Money 05-16-2013, 05:59 AM
Replies: 55
Views: 5,745
Posted By Sandman62
+1, except for the moving out on their own right...

+1, except for the moving out on their own right after college. I'm 50 and DW will be this summer. Seeing we have the means to help, and we've paid off our mortgage, saved for retirement, have...
Forum: FIRE and Money 05-13-2013, 07:39 AM
Replies: 39
Views: 3,696
Posted By Sandman62
In my case, my private employer matches 100% of...

In my case, my private employer matches 100% of the first 6% I save (vested immediately). DW's public school system doesn't match. So combined with my 10% annual contribution, I do consider that...
Forum: FIRE and Money 05-10-2013, 09:08 AM
Replies: 25
Views: 2,493
Posted By Sandman62
+1. I've stayed 27 years at a private company and...

+1. I've stayed 27 years at a private company and will get around a 55-60% pension at age 55 - for which I never contributed a nickel. My DW will get 60% of that when I'm gone. Plus same health...
Forum: FIRE and Money 03-23-2013, 03:50 PM
Replies: 52
Views: 5,716
Posted By Sandman62
I respect those who have the tolerance and desire...

I respect those who have the tolerance and desire to track to that level, but I certainly don't. If I felt like we needed to tighten up, I could see getting down to that level of detailed tracking. ...
Forum: FIRE and Money 03-23-2013, 01:39 PM
Replies: 111
Views: 10,459
Posted By Sandman62
I didn't make a straight-line depreciation...

I didn't make a straight-line depreciation assumption at all. ;)
I simply said that:


So ignoring salvage value (as they'd be the same) and loan interest (as you may have paid cash upfront or...
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