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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.

I heard a great quote about retirment which was " To stay active, but not busy" I think it sums up exactly how I want to live each day after I FIRE later this year. I have heard it's better to have a loose schedule, possibly daily or weekly with interests and hobbies, but without too many (or...

To the OP's original question....I'm about to consolidate two 401K's (620k) into an IRA and as DD posted above, I too like the Vanguard LifeStategy fund VASGX VASGX breaks out as 80/20: Total Stock Market Fund 48.6% Total International stock Fund 32.3% Total Bond Fund 13.6% Total Intl Bond 5.%...

Thanks everyone for the good reference points and helping me understand this better. It's really about finally flipping the switch from saving for the last 30 years to spending and that is not easy to digest sometimes. But as many of you said, nobody says "Gosh I wish I had worked a few more...

So I have been happily planning my FIRE for several years and actually listed the specific date 5 years ago...I found myself getting excited as each milestone passed, especially last year, as I had less than a year to go etc... But lately, as I get within 3-4 months of actually handing in my...

A really well written post that provides some valuable insight from your two year journey, so far. Look forward to reading more about your retriement in the future.

Not yet, as my tennants have all remained up to date... Most of eviction moratoriums freeze rent increases, but also contain specific wording on re-payment plans and a burden on the tenant to attempt to repay or agree to terms on repayment. I admit I am still concerned about the duration of...

Good questions Sunset... I assumed it would need to transition to an IRA as 401K needed to be employer plans inside brokerages?...Did not think I could move to say a Scwab or Vanguard as another 401k, but only as a IRA? I do not have any company stock in either 401k plan. I may also take a...

I realize this may be just a personal preference, but is there a preferred investment company to consolidate 401k's? Currently I have it split between 2 employer plans (Fidleity and Mass Mutual)...Both are ok, but have limited Fund options. Anyone else have any recommendations or has already...

Thanks Cathy...Yes taking the tax hit all in 2020 or 2021 is not the option... I will attempt to take as much as I can in 2022 and still stay in the 12% tax rate. The 100k does matter for me over a 5 year period, as I live on a boat and have very reasonable expenditures. I'm only planning to...

Ok, I was originally planning to retire early late next year utilizing a a 5 year SEPP plan withdrawal until I would hit closer to 59.5/Rental income and my SS at 62. The SEPP was needed basically as a (5) year bridge, however the mid-term rate which benchmarks and establishes the SEPP payments...