Recent content by WhiskyDave

Thanks DM...But, I had read all income is rolled up to be included in capital gains calc, so it would 700K in my case ,and I would have relief for the 500k exemptiuon, but not the other 200K? I would still have to pay the capital gains on the 200k?

I was condsidering selling my primary residence that will generate about 500k in profit, and as I'm married, I thought I would not have any capital gains liabilities, but I think that may not be case as my income is also included in the calculation correct? (My income is around 200K for the...

Cant believe its finally going to happen What an amazing pleasure it is to finally add my name to this list...Gave notice of 3 months in April to leave in July.:dance: What a relief too after finally making the announcement...Like many here, I'm relieved and yet also invigorated and excited to...

I used to buy the large and expensive latte/espresso machines at Costco, but found them cumbersome and complicated and expensive to fix... About 2 years ago I switched to a smaller simpler machine and I'm very happy. I paid about $125 if I recall...Below is the link. Cheers...

The responses you get usually fall into two categories, 1. Supportive ie..Good for you, wow, that's awesome if you can do it 2. Resentful that you are able to do it, ie...Why would you give up work, you will get bored, you should keep working At first, I used to say 'well I have worked for a...

I can imagine transitioning from the Armed Services is even more difficult, as it's a way of life and even more of your identity...I think your advice is spot on, it's about looking forward and not back. One door has to close for another to open.

One common thing I continue to read, is that many early retiree's wish they had pulled the plug earlier...Not necessarily having regrets, but knowing what they know now, wished they had just made the decision earlier? So, you guys would be the best to ask and poll this...Yes, or No? and why?

Congratulations are in order!!! I assume you are feeling relieved and may even sleep better tonight and going forward now it's out and the decision has been made... Did they offer a counter and fully accept your 3 months?

Thats a good one!!!

I'm going to retire in May of this year and my mind continues to think of small almost illogical things I'm overly excited to do when the day finally arrives. 1, Book a one-way flight and return at my leisure when I'm ready...I traveled a lot for work and always had to cut trips or vacations...

I think this is spot on and well said...Many times we confuse it by grouping both always together, but for me the ultimate is arriving at total FI, and having the option to keep working or do whatever I choose...Thats the most important piece of FIRE

I noticed during my last extended break of work (10 days), that I slept better without waking up in the night and actual slept in later...I also felt more well rested. I know we have a biological clock that is wired to our normal habits, and it may take a few weeks to change after stopping, but...

This is an odd yet basic question, but I truly cannot get an clarified answer anywhere online... Would you still need to pay capital gains on a large sale of an asset if you had not other income and were not in the capital gains tax brackets? In other wrods, does the sale of that asset by...

Well said....That's a great quote M...I'm going to remember your words when I retire, as it a good reminder about what it takes to get here and lets not waste the moment.