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How is COL in Mass? Can I live on $80k there? I'll start packing tonight! Now to just learn to like kids... J/K MIMH

Did you buy it? Tell us more what you thought about it... hopefully they invested more in the product than the website? :)

The problem is, is it really guaranteed? My father-in-law-in-law lives entirely off of his UPS Pension. A couple years ago he was informed it was going broke, and that his benefit would be cut in half... there was some sort of lawsuit that put that cut in half on hold, and now it looks likely...

Land ownership rights are just paper as well. If paper money becomes worthless land deeds may be just as worthless. Just saying. That puts out an argument for gold and silver... but of course, they can seize that too. I guess that is why so many survivalists are all about guns and amo. In...

So this is what people do and talk about after early retirement... Beat's workin' huh? :facepalm: :laugh:

Are there consultants like this for households? "Sorry little Joey, the consultant says you have to move out. I know you're only 5, but don't worry, we'll keep paying you 60% of your allowance for the next 12 weeks while you look for a new home." :blush: MIMH

Of course, compensation has little to do with how hard the work is. Consider a teacher's salary as compared to an engineer. Consider a social worker's salary as compared to a veterinarian. While there is some connection between the toughness or risk (i.e. coal miner) of the job and...

What about an instant/tankless WH if space is your concern plus enough HW to fill the tub...

JoeWras, You're totally correct. I've never worked at MegaCorp, except for a summer internship at Boeing. There are a lot of differences, as you indicate, including less overlapping responsibility... and fewer people in general. If those two leave at the same time, my workforce is cut by...

As I said, some folks certainly have an easier path to success than others, but you see so many folks self-sabotage their financial situation. I'm sure my tenants think that the man is keeping them down... as the Amazon truck shows up with their weekly delivery of "stuff they don't need" while...

I hear you, but I'm not sure hail is a good claim example. There is almost no potential 'fault' in hail damage. Wait until your house fire, or you cause a 10 car pile up, or some other six-seven digit payout by your insurance... then I'm not so sure about the zero loyalty approach. I've heard...

I see your point... that said, as long as you have a plan for the bear and the discipline to stick with it.... I didn't sell a dime when the market crashed in 2008 (I am too young for the previous bears). I didn't buy much either, because I didn't have any extra cash. My parents bought the...

I know this is an old thread, but I want to add the perspective of a small business owner. My #2 and #3 have been telling me they're 5 years from retirement for the last 4 years (it never gets closer). First, I really appreciate that they gave me that heads up, even as it gets pushed out...

This approach seems crazy to me, and my approach I expect seems crazy to you. If you work with an FA the first thing they want to know (after your goals) is your risk tolerance level. We're all different when it comes to this, and that's OK because there are soooo many different ways to make...

To add to this... A Roth IRA (which has income limits) allows you to withdraw the money you put in anytime you want. The gains, on the other hand, have to stay put until you're 59 1/2 like a normal IRA to avoid penalties. Another great thing is that, you put the money in AFTER TAX so there...

IMO employees of a company shouldn't be worried about this... investors, perhaps should (well, be worried about CEO compensation, not the ratio). As an owner of the company, you're paying that gals/guys salary. If s/he is worth it, GREAT! If s/he isn't then fire him/her! I think the ratio...

That is a great idea, but I'm not sure why not a HELOC instead (assuming plenty of home equity) to avoid that downside you mentioned...

1) I'm told those brokers others speak of are sometimes incentivized by their underwriters better for certain lines than others, so they may not actually be looking out for your best interest. 2) I'm told loyalty can pay off if you have a claim. They'll look at how long you've been a client...

Here's my thinking. I think my house will likely be paid off, or close to it, when I retire. I recently discovered the amazing world of HELOCs. I found a bank willing to do a HELOC for 10 years (with a 10 year amort. payback at the end with a fixed interest rate) with no loan origination fees...

I'm not in your shoes, because I haven't retired yet, but I've heard this mantra before. Those who save, continue to save in retirement. I'm not a huge proponent to financial advisers, but I do believe some people need them. Some - to ensure they have enough at retirement. Others - to ensure...

A Bird In Hand, I just found your thread today, and I found it very fun to read your plans from 2012 and your updates. I'm on a similar trajectory to you, just about 5 years behind you. I'm 35 now, and at least contemplating the idea of ER or ESR at 45. Honestly, healthcare and college...

With how big the World is, or just the USA for that matter, comparing one's net worth and potential success at FIRE seems impossible. One with $4MM+ in assets could actually be living on a tighter budget than one with $1MM in assets based on COL area, aging parents or kids needing support, Soc...

This just popped into my email box today from Vanguard (and I'm guessing many of your inboxes as well): https://vanguardblog.com/2018/05/15/answers-to-your-top-college-savings-questions/ Here’s how it works on the Free Application for Federal Student Aid (FAFSA): Assets (including 529 plans)...

LOL, I do calculate my break-even on insurance... at least to the extent "if I raise my deductible from 1000 to 2000 I have to go 3 years without and accident to come out ahead..." type of break even. MIMH

I appreciate all of the thoughts here... I really do as they have been educational. That said, my parents paid for my college entirely (including a reasonable amount of 'fun money') and I would like to do the same for my kids - paying it forward. They let me keep any scholarships I earned and...