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I FIRE’d in 2009 but still keep in touch with a few people that I worked with for many years. Last week I met a couple of them (also retired) for lunch. The lunchtime conversation touched on many subjects and commiserations. At some point my friends began to pick on me because I got bored and...

An interesting article that compares strategy and realities of SWR https://www.fidelity.com/insights/retirement/new-math-for-the-4-percent-retirement-rule

An interesting overview of market timing.... and its many flaws. Calling the Turns: Why Market Timing Is So Hard

It depends on where you live. In the Minneapolis area the unemployment rate is 3.7% and it is very difficult to find good employees – f/t or p/t. Many employers actively seek retirees, especially if you have good skills. I work six day a month at a large hospital. I am warm, dry, and I don’t...

Many thanks to all for your explanations, thoughts, and suggestions. They are very helpful. audreyh1 - You are correct, and that is another quandary to address. I have talked to the lawyers several times about this but no definitive answer yet. SCGamecock - An excellent analogy - Thank you.

I am 5 years into FIRE and my current WR is less than 1%. I am not cheap or excessively frugal and I do pretty much whatever I want, however, I have no family and I am not into golf, country clubs, lavish vacations, etc. A few trusted friends have been giving me [-]crap[/-] [-]criticism[/-]...

I believe the 4% rule is based on a 30 year expected retirement life and is intended to be used as a tool for making a crude estimate of required assets. A more accurate estimate of SWR requires incorporating many variables. I just posted this link to an article in a new thread and it may be...

A good analysis and explanation (IMO) of the 4% rule. Not sure I agree with commentary regarding annuities but for the most part an objective analysis. https://www.fidelity.com/insights/retirement/rethinking-the-withdrawal-rule

Not sure if this is allowed - but here is a cut/paste of the article. ------------------------------------------------ [MOD EDIT] - - no, unfortunately copying the whole article is not allowed here for copyright reasons...

Nothing we did not already know – but a good illustration of risk vs. gain. http://news.morningstar.com/articlenet/article.aspx?id=691582

I retired from megacorp in 2009 and after I submitted my letter of intent to retire they sent me to retirement school. It was a three day class and a lot of the material was about the pension, retiree medical, social security, etc. – but there was a section on “the psychology of retirement”...

I started working in IT in the late 60's - in the early years the job was interesting, challenging, creative, etc. Over the years the job changed and became mind numbing and very stressful... but with golden handcuffs. In an effort to counter balance all of the associated BS, and to appease my...

2.05% as of 3/31/15 - AA is 70/30 - All mutual funds - About 30% S&P index - A couple of Moderate Allocation funds - A few other active managed funds -

I am 5 yrs into retirement and I still have a mortgage on the house. I could pay it off tomorrow but the mortgage is at 2.8% and you would have to hold me at gun point to do so. As always YMMV.

I can understand and empathize with those that desire to stay put. I pretty much lived in an airplane for 15+ years when I was wo*king and that traumatized me for life. I have been a lot of places and done a lot of things but when I step back and assess the many events and adventures I find...

Another study of Millionaires. This one by Fidelity – egregiously self serving – but reinforces previous conclusions. https://www.fidelity.com/insights/personal-finance/factors-to-becoming-a-millionaire

I am 5 years into retirement and like many others on this forum I experienced anxiety, exhilaration and terror during the first months/year of retirement. The mixed feelings and reaction are somewhat predicable and are justified. Given time most will meld into quiet contentment. My experience...

An interesting quote from a article about the succession plan at Berkshire Hathaway- Here are Warren Buffett's exact words from the 2014 Berkshire Hathaway annual letter on why he wants his son Howard to be a non-executive chairman at Berkshire: "To further ensure continuation of our culture...

+1 One of the statistics quoted in the book “The Millionaire Next Door” states that the majority of millionaires are self-made. I believe the number was 80+ percent. So, yes it can be done , but it is not easy.

+1 Well stated -

+1 An excellent analogy and an accurate description of the “evolution” process I went through. As always, YMMV, and I often felt envious of others that had better prepared for retirement. Perhaps a new subject for discussion: When I submitted my letter of intent to retire at megacorp they...

Interesting – I also experienced this reaction. Not sure why others reacted that way – but I became very deliberate about avoiding the subject. Like you, it is better now, but I am still careful.

A little clarification regarding the j*b mentioned in my original post: The motivation for taking on a (very) part time j*b was partly to retain some of the social benefits of the workplace and also to keep in touch with the working world. I have no family so just being around people is...

Cathedral Rock - Sedona AZ - Jan 2015

It has been 5 years since I retired and I thought I would share my experience with others on this forum. As I look back and assess the many events and evolutions of the past 5 years I can identify several of the more profound effects . I will qualify the following remarks by stating that I am...