Naturally, that would depend on your asset allocation. I think that if you had a 60/40 (equities/fixed) AA, 3% would probably be all right but that is IF past market conditions are assumed to continue into the future.One question -- does everyone agree with Nords that 2% SWR is too conservative and that 3% is fine, even if you are looking at the possibility of 50+ years in retirement? Thanks!
That's true, so use a college with a $40K+ annual bill that offers aid only based on need, which many of us with a very nice nestegg won't have a chance of getting.Running bum, Ivy League colleges often have the best financial aid and now offer aid with no student loans required -- all grants. So ironically they can be the cheapest places to go to college! I went to one and it cost less than my state university.
So true. Also, grad schools generally provide assistantships for their grad students that include tuition and a small stipend. In my department, 100% had their tuition and expenses paid for. Depending on their qualifications some had to work part time (teaching labs and such), some didn't, and some were paid for doing research that became their doctoral research. I taught and worked in the departmental library for my M.S. assistantships, and had a research assistantship doing my own dissertation research throughout my Ph.D. studies.Running bum, Ivy League colleges often have the best financial aid and now offer aid with no student loans required -- all grants. So ironically they can be the cheapest places to go to college! I went to one and it cost less than my state university.
.. Ivy League colleges often have the best financial aid and now offer aid with no student loans required -- all grants. So ironically they can be the cheapest places to go to college! I went to one and it cost less than my state university.
One question -- does everyone agree with Nords that 2% SWR is too conservative and that 3% is fine, even if you are looking at the possibility of 50+ years in retirement? Thanks!
Ok everyone, one more question. There is a chance (slight) that I may be able to stay at my current position, work 1/2 time, and commute back and forth (cross-country). Is that a crazy idea? $ will be good, but the stress of commuting might be too much. Alternative is significantly less $ but no commuting. Thanks.
Ok everyone, one more question. There is a chance (slight) that I may be able to stay at my current position, work 1/2 time, and commute back and forth (cross-country). Is that a crazy idea? $ will be good, but the stress of commuting might be too much. Alternative is significantly less $ but no commuting. Thanks.
One question -- does everyone agree with Nords that 2% SWR is too conservative and that 3% is fine, even if you are looking at the possibility of 50+ years in retirement? Thanks!
You realize that it doesn't matter what I think, and that you have to live with both the financial (mathematical) & emotional (sleep-at-night) consequences of your decision?One question -- does everyone agree with Nords that 2% SWR is too conservative and that 3% is fine, even if you are looking at the possibility of 50+ years in retirement? Thanks!
What do YOU want to do?Everyone on the board has been extremely helpful, and I thank you again for all of the advice. I now have to make a decision quickly. I have been offered a position on the West Coast that is a very good job, but the annual pay is what I would make in less than one month in my current position. Also, I would get very little vacation and would essentially be starting over. The alternative is to stay put, make as much $ as I can in the next several months, and look for a new job later if DH confirms he is happy in new location with new position. Of course, this job no longer will be available. It is a great position with a lot of responsibility that will help me long-term in my career, but the $ is very low. Do I take this job, or wait it out in my current position? Thanks.
What do YOU want to do?
One month = one year? 6 months = 6 years? I'd stay 6 months and then take 6 years to decide if I want to go back to work.
I have been offered a position on the West Coast that is a very good job, but the annual pay is what I would make in less than one month in my current position. Also, I would get very little vacation and would essentially be starting over. The alternative is to stay put, make as much $ as I can in the next several months, and look for a new job later if DH confirms he is happy in new location with new position. Of course, this job no longer will be available. It is a great position with a lot of responsibility that will help me long-term in my career, but the $ is very low. Do I take this job, or wait it out in my current position? Thanks.