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I retired about 5 years ago at 54. My portfolio is about 42% fixed, 35% equity funds, and 23% cash in CD’s. In 2 years, I’ll be taking my SS income. The fixed portion provides about 120% of my living expenses. It consists of AAA insured and AMT free 30 year municipal bonds (not funds) which...

Thanks for all of your replies. You're all right and I'm wrong, so I'll butt out. For ME, renting would be ideal, but for her, she'll have to decide. In fact, my wife and I just downsized from a house to a condo for many of the reasons I presented, ie less maintenance effort, simplified...

My sister is 62 and is retiring next month. She's single with no children. I'm suggesting that it might be a good idea to sell her (mortgage free) home and rent, perhaps in a retirement community, or perhaps in an apartment or condo near where she currently lives. My thoughts for doing this...

I understand very little of what you've said, but enough to make SURE my sister consults a good accountant before she actually aquires those shares from her company. Thank you VERY much for that advice...... HBH

Thanks for all of the replies. I'm doing this for my sister who's retiring in 4 weeks. When I run the figures (WITH income tax) through FireCalc, I get a success rate of 100%. :) When she retires, the ESOP from her privately held company will be rolled over as cash into her self-directed IRA...

Thanks for your reply. In that case, should I add my estimated income taxes to my estimated expenses to arrive at a more correct estimate? HBH

When I'm entering the figures into FIRECalc, for the 1st question (Withdrawals), should I enter the amount I expect to spend, EXCLUSIVE of income tax from the withdrawls? If so, where do income taxes figure into the FIRECalc calculations? Thanks for any assistance.....

Lucky? Maybe some, but...... Similar to Kumquat, except my options went from $.19 to $40. I started with computers in 1969, and the lucky part was that I really enjoyed the work that I did. I can remember around 1970 when I was 23 I was the systems programmer working with an IBM 360/40. I...

In helping my retiring sister with her retirement financial plans, many posters recommended the use of a single targeted retirement fund, such as the Vanguard Target Retirement Fund 2005. I understand the value of a targeted retirement fund for someone in their 30's, 40's, or even 50's. The...

Reply from brother Hi, This is Mugs' brother. You all sure have been helpful to her with all of your replies. Probably the best thing you've all done is that she's now leaning against using that expensive financial planner! I tried to dissuade her, but she needed that extra nudge.... If she...

Dot Com Lottery Although not a lottery winner, I aquired sudden wealth in 1999. I was working for a Dot Com company that IPO'ed in early 1999. As soon as I was able (6 months later) I sold all of my stock producing a lottery like bonanza. My 1999 tax bill was huge! I had reservations at the...

I was fortunate enough to sell my DotCom investments a few months before the DotBust. As a result, I retired 3 years ago. My strategy now is that I have about 50% of my investments in fixed income (tax-free 30 year municipal Bonds (not funds) and reits). These generate enough income to live...