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Search: Posts Made By: DireWolf
Forum: FIRE and Money 11-19-2020, 10:13 AM
Replies: 21
Views: 1,161
Posted By DireWolf
Itís all a bit confusing, but hereís how I...

Itís all a bit confusing, but hereís how I understand it. Youíll need to file a joint return to be eligible for subsidies. Your household size will be 2. Your MAGI (which includes all SS, not just...
Forum: FIRE and Money 10-01-2020, 03:02 PM
Replies: 47
Views: 5,363
Posted By DireWolf
The Trinity Study/4% still fails like 5% of the...

The Trinity Study/4% still fails like 5% of the time over 30 year horizons
Forum: FIRE and Money 09-26-2020, 06:35 PM
Replies: 47
Views: 5,363
Posted By DireWolf
Yeah, FireCalc is really good, especially if you...

Yeah, FireCalc is really good, especially if you just plan on a fixed withdrawal rate. When you’ve got a SS/pension floor, I am a big fan of Bogleheads VPW method. The variable rate adjusts as the...
Forum: FIRE and Money 09-26-2020, 06:01 PM
Replies: 47
Views: 5,363
Posted By DireWolf
If you read up on safe withdrawal rates (SWR),...

If you read up on safe withdrawal rates (SWR), youíll quickly come across the Trinity Study research and the 4% Rule. 62 is basically close enough to the studyís 30 year horizon that it applies to...
Forum: FIRE and Money 09-25-2020, 11:44 AM
Replies: 26
Views: 1,793
Posted By DireWolf
I wonder if those doing this could take at 62 and...

I wonder if those doing this could take at 62 and get all the family benefits along with it, and then at FRA pay back just your own benefits and get the FRA PIA going forward? (Or are they wise to...
Forum: FIRE and Money 01-04-2020, 04:51 PM
Replies: 144
Views: 18,997
Posted By DireWolf
We use credits cards for almost everything, and...

We use credits cards for almost everything, and then a few online bill pay things through our bank. I generally don’t carry more than $10 cash and often zero. We started using Personal Capital a few...
Forum: FIRE and Money 01-03-2020, 10:40 AM
Replies: 144
Views: 18,997
Posted By DireWolf
Donít forget to adjust for inflation if you...

Donít forget to adjust for inflation if you arenít already. You can see a pretty big creep over this 5 years from that (the 38k is more like 42k, for example). Iíd normalize everything in the past to...
Forum: FIRE and Money 07-09-2019, 05:14 PM
Replies: 2,502
Views: 879,263
Posted By DireWolf
Turned in my notice today. Will RE at the end of...

Turned in my notice today. Will RE at the end of this month, a bit shy of my 51st birthday
Forum: FIRE and Money 07-02-2019, 01:43 PM
Replies: 230
Views: 29,886
Posted By DireWolf
Not exactly. FIRECalc is a FIRE Calculator. It is...

Not exactly. FIRECalc is a FIRE Calculator. It is right there in the name, even. You enter the horizon right in the first tab. Same with (lol, i guess you can't mention some of the others here). They...
Forum: FIRE and Money 06-19-2019, 02:44 PM
Replies: 116
Views: 10,744
Posted By DireWolf
We'll have significant SS checks coming in down...

We'll have significant SS checks coming in down the road, enough that we could probably get by on living on SS + small pensions alone even at the age 62 amounts. If we delay till 65, we have it...
Forum: FIRE and Money 05-23-2019, 08:07 AM
Replies: 14
Views: 3,906
Posted By DireWolf
I'm also in this ESOP. There's a lot of things I...

I'm also in this ESOP. There's a lot of things I think I'd want clarification on:

1) Age 55 Diversification - I see this requires 10 years participation in the ESOP. I'm not sure if that means...
Forum: FIRE and Money 05-20-2019, 10:23 AM
Replies: 109
Views: 23,883
Posted By DireWolf
Yep. The author of that quote sure seems to be...

Yep. The author of that quote sure seems to be projecting
Forum: FIRE and Money 05-19-2019, 06:47 PM
Replies: 86
Views: 9,726
Posted By DireWolf
FireCalc is using all available years in its...

FireCalc is using all available years in its historical simulation. Not all years are created equal. We are currently at a very high 10 year CAPE. Instead of comparing against all years, compare...
Forum: Other topics 04-26-2019, 10:43 AM
Replies: 63
Views: 3,945
Posted By DireWolf
I’m 50 and plan to FIRE within next 2-3 years....

I’m 50 and plan to FIRE within next 2-3 years. Oldest is out of grad school already. Youngest is just going in middle school. We should look relatively poor to FAFSA when that one goes off to...
Forum: FIRE and Money 12-06-2017, 10:32 PM
Replies: 220
Views: 31,107
Posted By DireWolf
$100K in retirement for just DW and I, with a...

$100K in retirement for just DW and I, with a paid off house, no kids to support, and Medicare? Yeah, that will be more than enough.

$100K for a family of four, with mortgage, car payments, kids,...
Forum: FIRE and Money 10-07-2017, 07:25 AM
Replies: 33
Views: 3,109
Posted By DireWolf
I'm trying to get myself ready for ER in a few...

I'm trying to get myself ready for ER in a few years and have been looking hard at downsizing to a house I could buy with our current equity and maybe some of our cash reserves. Our current home is a...
Forum: Young Dreamers 08-28-2017, 08:35 PM
Replies: 115
Views: 33,622
Posted By DireWolf
Max is $3538 pp per month at 70. I should be...

Max is $3538 pp per month at 70. I should be getting pretty near that max if I work till 55, although it drops off slightly if I stop before that. DW is a bit behind me, but not too much. With the...
Forum: Young Dreamers 08-28-2017, 02:10 PM
Replies: 115
Views: 33,622
Posted By DireWolf
I have two possibilities to my number: 1)...

I have two possibilities to my number:

1) FIRE in 2-3 years with at least 1.5M after selling the house. Then live abroad (Mexico, probably) for about 7 years at 2.5% WR. After living on a low WR...
Forum: Travel Information 08-28-2017, 12:03 PM
Replies: 31
Views: 2,592
Posted By DireWolf
Next time we go, I'm renting a bike for the...

Next time we go, I'm renting a bike for the entire trip and hitting the carriage trails for a couple of hours each day. Great way to explore the island.

There are some outstanding hikes, although...
Forum: FIRECalc support 08-28-2017, 11:20 AM
Replies: 21
Views: 2,927
Posted By DireWolf
Your spending number is in today's dollars, but...

Your spending number is in today's dollars, but gets inflation adjusted over the 46 years you've chosen. Your pension is $23K in today's dollars, but is never inflation adjusted. Inflation over a 46...
Forum: Life after FIRE 08-16-2017, 05:13 PM
Replies: 44
Views: 4,021
Posted By DireWolf
These man-made lakes near Raleigh aren't that...

These man-made lakes near Raleigh aren't that great for swimming, imo. And the largest nearby lakes do not allow homes on them. Lake Lure near Asheville or Smith Mountain Lake in Virginia near...
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