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I used to drink a lot in college and for a period thereafter. I had decent tolerance but would still feel it the next day. I know some friends who had the "Irish" gene and could down a fifth and maintain and feel nothing the next day. Those are the ones that should never drink. I gave it up...

One more thought about "hitting my number" I recall a quote from Lee Trevino: After beating Jack Nicklaus in a playoff at the 1971 U.S. Open: "I was trying to get so far ahead I could choke and still win, but I had to keep on playing." That's been my philosophy about continuing to work and...

That is the one thing we have not done yet but in a few years we will probably start giving significant amounts away to my university (private, medium size, highly rated) as I view my school as giving me the head start in my career climb. I'm not interested in getting my name on a building or...

Thank you for the sage advice. It is less than 20% of my assets and I'll have a 401K rollover next year so there will still be 1M in tIRA after the rollover. I'm just looking at converting 2/3 of my IRA/401K assets. Additionally, this will happen if and only if a 20% market correct happens...

Agree. I'm not sure when I hit my number but it was when I wasn't paying attention and it just sort of happened. I was spending my entire career with 3 objectives. First, remain employed and sustaining cashflow where we could comfortably live below our means. Second, save aggressively...

Thanks for the anecdote. I'm planning on Sept 2025 for my last day at work at this point at age 68 on my terms. After I dialed in this date a few weeks ago I am cherishing every day at work now, even though it is over a year out. The good and the bad is all good.

This is true. Additionally, because of SS and low cash position I will probably be in a high tax bracket forever, albeit capital gains tax rates should apply. I am planning to be in a high bracket even when I'm retired due to capital gains selling assets for cash. This is not part of my...

Currently I have no Roth and will probably have in excess of 3M RMD from tIRA exposure when I turn 73 in 6 years. All IRA and 401K are in SPY-like equities now. tIRA is about 2M, 401K is about 800K and 401K is not part of this discussion. tIRA and 401K is about 20% of investable assets...

Adding to this, a percentage means something totally different if your assets are $1M vs $100M. 50/50 for someone with $100M is going to create insane AGI which comes with many other issues. A friend of mine who is worth over $100M made this mistake and now he is burdened with too much AGI and...

My friend financed his home with a cash margin loan secured by his vast margin-able securities holdings. He shopped around and found the lowest margin rate and borrowed 2M against his stocks. I shook my head but he told me he can offset the margin interest against his capital gains which...

I did a lot of things when I was younger where I could have easily died but none having to do with drugs. My activities were like riding or driving too fast, hiking and climbing in places without appropriate safety equipment and playing football and getting concussed. I don't know anyone...

Seems like this is a family business and you feel some responsibility, perhaps symbolic responsibility to not be the one who shuts it down. There also appears to be no succession planning. This may be an opportunity for you to craft a statement of condition and make it clear you are at a...

I find spinners cute but not very practical since I travel light and maximize my carryon. I have 2 2-wheel carry-ons which both maximize cubic inches of capacity. One is "Eagle Creek No Matter What Flatbed 22 Inch" but unfortunately no longer made but has max capacity for domestic carry-on...

Why not just use it once a month to buy a jar of peanut butter or some other innocuous purchase on Amazon and be done with the threat? Amazon is trustworthy and not going to steal the card ID. I cycle through a few of mine and use them to make micro-purchases on my Amazon account. I just used...

It seems your time is worth more than the value of your stock. What is to stop you from advising to sell the corporation and cash everyone out? You have 95% of the operating responsibility (not sure if that means control) so why not draft a plan to sell/liquidate the firm? Worst case, it will...

I have never done any conversions, perhaps out of disinterest and laziness. That said, what if OP has many times FI (he didn't say how much his total assets are, just 60%, I believe) and he is in a high bracket. Would it be worth it? I have a wealthy friend who has a large cash position (10M)...

I stopped changing my oil years ago but that was after we installed pavers on the driveway and it my wife would kill me if I spilled oil on them. LOL. Regarding ramps, I have two different sizes of Race Ramps which are very pricey but lightweight and safe. I also insert jackstands, just in...

I shop cars like you. We have two normal cars and I have one "supercar" in the garage. It is rare and slowly appreciating in resale value so I don't disclose the make/model as I wish to remain anonymous here since we are stealth with our wealth. I'm curious about your Porsche experience. I...

Personally I use Google Office as it was introduced to me at my current job and it does most of what I need. I'm willing to live with the giving up of privacy.

Thinking about this, I do watch a lot of live sports on TV (streaming on computer or phone, virtual TV) and I do watch quite a few special interest YouTube channels but I'm always multi-tasking when on computer or phone. I'm one who doesn't consider reading as a couch potato activity as that...

Thank you for the inspiring words. I don't get to spend much time in my shop but it is fully decked out to do a resto project and ready to go. I have a 72" Snappy cab full of tools (3 other tool cabinets, too) I've acquired in the last 50 years waiting to get used. I still do basic stuff but...

Thank you. Nothing really wrong with any choice, even if sub-optimal for one's health. Just not for me. My other goal is to not gain weight. Ham license was done at my wife's urging after she saw the complexity of the exam questions. Brain issues runs in my family and she told me if I...

I'm 67 and plan to retire next year. We are many times FI and I'm not working for the money (obviously). I have this concern about shutting down and adjusting to retirement. I'm working through that now and plan to leave at the end of Sept 2025 due to some RSU vesting, while leaving a...

Agree. As someone who tends to decent tips (20%+) that is just fric'n insulting to charge for a credit card. If they only knew how short-sighted that sort of thing is. I don't care how much I like the place I would tell them they lost my business on general principal, not because of the...

Wow, you folks are all over the place on umbrella coverage. Can you let me know why you might need more than $2M? I just changed ours from $1M to $2M and thought it might be excessive. We don't own a rental, but have 3 vehicles, a modest house, no bad behaviors, low risk life, etc. Our...