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    5% Distributions Yields Tell me what you think of this investing idea?

    I don’t think what he’s claiming is that much different than the findings from the Trinity study and the “4 percent rule” folks in general. If I followed him he seems to have a large equity allocation that would tend to pull up the SWR from 4ish to 5ish. I (and I think a lot of other FIRE...
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    FireCalc: Anyone UNDER 100% ??

    I would be leery of putting too much faith in online retirement calculators. Typically retirement calculators have you make so many assumptions that the output is really just a reflection of what you want to it to say. For example, we don't know with certainty for the next fifty years...
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    How To Choose a Financial Planner?

    I agree with posts about fee only or accountant who could support you.
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    How To Choose a Financial Planner?

    Hi, Sorry to hear about the problems you've been having. Could you indicate how much money are you talking having someone manage = your retirement funds? There is a wide range of options, and some make more sense at different levels of invested assets.
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    Asset allocation with $8 million

    You might want to look at a ‘bucket’ approach. It’s more of a psychological trick than a strictly financial approach. Basically put five years of expenses or so in a money market account. Allow interest and dividends flow into that money market account. So basically you don’t need to look at...
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    Interesting article on changing needs with increased assets

    Article from Forbes on how value of professional tax planning and estate advice changes with increased assets. The DIY mentality that gets someone to seven figures net worth can be a barrier to judiciously using professionals when they can add value. https://apple.news/Anp4AINDYTSmue8ReOzdt2A
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    Keeping House of Elderly Parent out of Probate

    If you have a simple estate situation probate is probably fine. In fact,, you can avoid probate altogether in some cases if the assets are low enough or if everything is dealt with using TOD’s. The problem comes in if you have a larger estate or somewhat complex situation. If there are family...
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    Keeping House of Elderly Parent out of Probate

    First, it’s great you are talking to an attorney. Second, I would suggest you put the house in a living trust. You can set it up the way you’ve outlined and the execution is very simple when the time comes to transfer the house. I can imagine that some people are happy with the probate...
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    FIRE and kids

    Hi I FIRE’d three years ago when our three kids were 11 14 and 17. Two points: You didn’t talk a lot about your current situation financially but I would suggest you consider hanging on until you can fund their 529’s fully, which scarily means about 250k per kid if you think they might be...
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    OMY, Taxes, and Withdrawal Rate

    Your right of course on the math...it just kills me to spend so much on such inferior insurance.
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    OMY, Taxes, and Withdrawal Rate

    I would think for a couple $24k would work - you can shop on healthcare.gov and see what it turns up. I'm looking at premiums of about $35k for a family of five - plus out of pocket of another $??? - so say $40k-$60k for insurance that would require us to switch some doc's etc. This amount...
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    OMY, Taxes, and Withdrawal Rate

    Thanks Runningbum - I'll hadn't thought of looking at insurance that way - I'll see what this approach turns up.
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    OMY, Taxes, and Withdrawal Rate

    One thing to consider in the transition, if you haven’t already, is how you are going to manage health insurance. I FIRED about a year ago with about $9million in retirement assets. With market run up last year I’m now close to $11million. Seems like I should be all set, right? In terms of...
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    Adult children inheritance

    +1 This comment pretty much sums up what I think are your options. I am the Trustee in a situation like this. Trust pays out monthly income to all siblings, but mainly to provide support to two nonworking siblings. It would be a pretty big burden for the sister, but she can bring in an...
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    OMY or ER now?

    Congratulations on getting to where you are financially. Few make it to that level. A couple of comments. 1) In terms of planning based on future market returns, Firecalc takes that into account by using historic returns including ones where the market drops from a high and enters a bear...
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    DIY Will ????

    Sure. I’m not an attorney so this is just stories from my experience. I think DIY could probably work but if there is much complexity or size to the estate I personally would probably use an attorney. Here are some examples. Aunt’s house in a will. Goes through probate (a court supervised...
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    DIY Will ????

    +1 DW and I are in year two of resolving three people’s estates (her aunt and mother and my father). The difference between dealing with a living trust and a will can be huge. Give a gift to your kids of a living will. It’s really not anymore difficult to set up a trust and can be very simply...
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    Class of 2017

    Hi You can take me off the 2017 list. I FIRED at the end of 2015. Thanks! Sent from my iPad using Early Retirement Forum
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    28 years old. what would u do if you were in my shoes?

    Hi. I had my own business for most of my career. I recently exited it. While it had a number of advantages, I found for me personally it was the opposite of being FIRE. I had trouble getting away from w**k mentally and even physically - I hadn't taken two weeks off in a row in twenty years...
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    28 years old. what would u do if you were in my shoes?

    Hi. Welcome. Sounds like you have a great start. To really accelerate your retirement savings you can focus on three things that you can control: 1) your savings rate which is a combination of your earnings and your spending. Here is a blog post that talks more about that, but basically you...
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    Tucson, Arizona

    My folks retired to Tucson about 25 years ago. We have been down there many many times. I never had a feeling that it is unsafe, but they do live in the foot hills area which is pretty far north. I do like the university area. It is a little funky and gritty, but it has a nice younger...
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    Retire next year at 45?

    Have lived in Portland great place but income taxes are high. Might consider Vancouver WA area. It's part of the Portland metro but no income tax. Further south has better weather people love Ashland, for example. You might want to try VRBO to rent a place for a couple of weeks and check...
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    Share your FIRE Milestones - 2013- 2020

    You've come to a good place - I've been dealing with a parallel but unique set of issues. There are a lot of good resources that are pointed to on this site. One of them is the book - Retire Happy Wild and Free, which captures some of the non-financial aspects of retirement. Two specific...
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    Hello from a very wet Houston !!!!

    Maybe you've been through all of this in, but...Basically you seem to be grappling with the questions of "what SWR (safe withdrawal rate) will guarantee your income for the next 35 years?" which is really an endless debate with a few different perspectives. I would observe that: - few would...
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    Living & Retiring in Puerto Rico?

    Living & Retiring in Puerto Rico? Only did a week there so can't be much help but overall very pleasant. Nicer parts of San Juan were reported to be and seemed safe and relaxed for folks from the states.
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