Search results

Exactly correct!

Will be dependent on portfolio and sale of my business. Although I consider the business to be part of our portfolio. Assuming 75% of Social Security will be available at 67 and have no pension.

I don't know that such an investment exists right now. 3% is something you'd historically be able to find in an intermediate term bond fund but with a risk of rising interest rates, that doesn't fit in with your "no risk" requirement. If you're nervous about the stock market, a conservative...

My first reaction to your statement before reading their response was that I can tell you really care but my next thought was I wonder how often you offer this kind of "advice." I don't have grandchildren yet (our boys are 17 and 20) but we have parents that pushed a bit too hard after our...

I get out there to visit my Aunt Jean every 5-7 years... but you don't want to wait that long either. :)

Good advice- He's pretty smart as far as this goes (I think). But I will suggest he leaves the phone in his car.

:laugh: But "a tire" may not be appropriate either!

All interesting and helpful feedback. Thanks! Definitely some different opinions on the subject. Overall it seems like if you were to make a mistake as an interviewing intern, it would be better to err on the side of being a bit overdressed. That is unless, as a few people said, you could...

My oldest son is starting his Junior year at college, majoring in software engineering. He'll be interviewing for internships this fall and I'm wondering what is appropriate dress. I'm getting ready to take him out suit shopping because that's always been proper interview etiquette as far as...

funds you keep have unrealized gains and losses, therefore no tax consequence. However, they may generate ongoing taxable income and year-end cap gain distributions that are taxable. additionally, funds you sell have a tax consequence but only if you realize a gain.

Sounds like me when I was a kid. It was my favorite thing to do... shoot baskets in the driveway for hours at a time. Sometimes I was even able to get the neighbors over for a game of horse. Now as an adult I love a peaceful neighborhood but yet somehow when there are loud kids playing...

The closer we get to FIRE, the more we struggle to figure out what we really want to do. We both like our work but just don't want to be there 5 days a week, working a full-time schedule. I see us both continuing FT for 5 more years (that puts me around age 54 and DW at 52) and then cutting...

You're going to be in great shape given that you already have good saving/spending habits. No matter what happens in the future, you'll be building a cushion and preparing yourself for whatever comes next. Congrats!

And for the really creative, you could combine some of these ideas... like buying toilet paper and then returning it to the store after you've used it. Or turning your underwear inside out and using as a coffee filter!

Yikes! That sounds like a real mess. Ours is a separate lot with it's own tax key # but the contract is subject to my review of the survey, which the seller is having updated this week. Our purchase is also contingent on the perc test so hopefully it'll come out favorably. Great advice on...

Without a long term care possibility, the number would be $400,000 plus Social Security. But with medical uncertainties I'd round it up to an even $1 million.

The land is in the upper midwest. Great place to be... at least for 3 out of the 4 seasons. I'd much rather be where you are from December through March!

Yep, the seller knows we're all in either way. We wouldn't like it but we could come up with the money if we had too. Taxes in this area are very reasonable. Even after we build they should be less than our current home. See the attached picture. I think we're in great shape there! Yes...

Thank you all for the reassurances. As the hours pass, I feel less and less anxiety and your encouragement really helps. A number of you had very good points regarding the limited downside. I guess that helped push us over the edge. Worst case scenario we could just sell the lot but I...

First some background... DW and I are mid to late 40's and have been planning for FIRE by age 55 (lately it feels like 53 is a better plan). I'd like to say we've lived pretty modestly over the years to be able to put away lots of money for retirement. The home we currently own is below our...

I had about 50% of our money at Vanguard and 50% at Fidelity and decided Fido was much easier to work with. Moved everything over to Fidelity about 5 years ago and very happy with the decision. Still held onto to some of my favorite Vanguard funds and don't trade them (to avoid the transaction...

How fun- I'm in! Getting set up now!

My work is closer to home so I almost always get home first to start dinner. I probably handle 6 of 7 days a week.

+1 Have you itemized your expenses and determined how much is fixed vs. discretionary? I bet you could easily cut back in a bad year if you had to... but you probably wouldn't have to anyway based on your numbers. Congrats!

Maybe I'm just being optimistic, but we are planning on receiving Social Security benefits. In our retirement plan we reduce the benefit by 25% to acknowledge the solvency issues but something will be there. There are too many Americans who just don't save anything significant and I don't see...