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Been a member of two country clubs. First one we did not live in the neighborhood, was a 20 min drive. We enjoyed it initially but eventually the distance became a real drag. Dropped the membership but I will say I regretted it many times thinking I wish I could book a tee time today or go to...

Thank you Freedom, very insightful. Looked at some offerings today and the corporate bonds are quite appealing with tenors of 1-5 years. I was initially interested by muni’s as I am in a higher tax bracket and will be in a state with state level income tax. I also feel like Muni’s have been so...

If you are building a monthly income stream via bonds how much exposure do you typically tolerate for an individual bond? The lazy part of me thinks most corporate bonds are semi-annual coupon payments. Find 6 bonds at different monthly coupon payment dates to cover all 12 months in the year...

Great to read these. Very motivating and can’t wait for that day to come. Congrats!!

I had read this article as well, which was very interesting. ERN's analysis was focused on using leverage in your portfolio though to see if that could allow a higher withdrawal rate and/or reduce sequence of returns risk. Has some overlap with this margin loan strategy as the thesis is same of...

1) Under traditional withdrawal strategy you will withdraw every year and should expect to pay LTCG since portfolio is growing. There may be certain years you can sell equities that don't have realized gains or you can offset some gains with losses, but generally you are going to be selling...

My original assumptions may have been too conservative. If I flip it to 4% growth and 3% WR, then you hit a peak point around year 30 of margin loan being 32% of portfolio. Due to the huge portfolio you've accumulated by then your % starts slightly declining thereafter. The risks remain thpugh...

I tried running this out long-term under approach of using margin loan proceeds to live off and never repaying the loans. The key positive of this approach in my view is the tax benefit. For higher spenders who may also live in a state with income taxes, your long-term capital gains blended tax...

Whether to supplement your income or to stay busy or any other reason, what have your experiences been with doing part time work after FIRE. I’m coming from a background in business and finance but have thought about doing something general in retirement as a side hustle like being an Uber...

I did a small Roth conversion in 2020. Now I’m rethinking this of not doing any more. I’m in one of the highest income tax brackets and expect to be in a high tax bracket until retirement when I’ll drop down considerably. About 90% of wealth is in taxable accounts and only 10% in tax deferred. I...

I've been using an investment broker for most of my taxable and deferred tax assets. They've done an ok job, no complaints really. I like a lot of their retirement planner and spending tools. But, as I try to get more serious about approaching retirement I'd really like to shift to self-managing...

All great thoughts and advice everyone! I plan to pay off mortgage at time of retirement or in my case at time of relocation will simply not take on a mortgage for the new home. Earlyretirementnow.com convinced me on the benefits of doing that mainly due sequence of returns risk from keeping a...

Congratulations lucky2030. Impressive stats and you have a ton of flexibility on what you decide to do.

My thinking on taxes may be completely wrong. I do have a lot of capital gains built up. My total luck and fortunate timing was getting a small piece of equity in a startup years ago that got bought out. Took those proceeds and put into the market that has been ripping higher the last couple...

Thanks for the responses. Approx $5M today. Feel good about at least getting to $7.5M by 40 unless there are major stock market corrections that then don’t bounce back (a very real possibility).If I’m way off and can’t get there by 40 then will keep the grind going. Spending $300k: it is...

Been lurking reading the great insights and knowledge from this forum. Thanks for providing an amazing resource for this topic. All this reading has really motivated me to assess my situation to try to retire early as soon as possible. Would appreciate any feedback on my current plan: 36 years...