Early Retirement Extreme Forums

Good luck with the visa applications :) Would Unemployable and Jacob recommend doing CFA for a middle age person to strenghten employability? If the people whose jobs you want have CFAs (but not necessarily MBAs or some other advanced degree) then yes. I would not do it just to do it. Back in the o...

If I'm obligated to work, then YOU are obligated to employ me, eh?

An exhaustive paper on all the ins and outs of 72t's.

https://72tnet.com/a-practical-guide-to-sepps/

Worth downloading and saving. Dated 2004 but functionally little or nothing had changed that I'm aware of.

We had this discussion last month; OP seems to have disappeared

viewtopic.php?f=3&t=11748

2Birds1Stone wrote: ↑

Thu Jan 28, 2021 7:44 am

Even adding a 10% penalty doesn't come anywhere close to $650k.

My bad; I was thinking that was an annual amount.

You'd want to take smaller amounts out every year rather than all at once so you're not pushed into a higher bracket.

I have an idea, lets do a kickstarter for upscale urban tent campgrounds in LA. This already exists in New York. Sleep in a tent for a low, low $1100/night. My expenses for living out of my SUV this last summer were closer to $800 for a whole MONTH. And I used a LOT of gas. Isn't the whole point of...

If you’re still making your paltry 4% you’ll need $350,000 from your retirement account. Tack on a 10% penalty and you have a $385,000 withdrawal. You still have to pay income tax on this as if you worked for it -- which of course you did, in a prior year. In 2021 dollars/brackets you'd be in the 3...

Your liquid net worth is a good bit south of 4.3M. You have to live somewhere, and I presume even with no job you're golden-handcuffed into your kids' school districts, so you'd be reluctant to move. Fun fact, I've seen $70k houses in SW Virginia I'd be happy to live in, and yes I've been there many...

Ha, perhaps I spoke too soon. I should say, they are out of style for me :D Well, it was 10-15 years ago. My tailor suggested pants should touch the top of the soles at the heel when standing, and my experience is that is the correct length. I wasn't aware there were Bangkok tailors that cut the cl...

@unemployable: What specifics would you research before buying a nice suit? Big thing is the fit around the neck and shoulders. When you shrug your shoulders or raise your arms the jacket collar should remain snug with your shirt collar. Other things that signal "class" are French collars...

Welcome. I've been all over NC including living in the two big metro areas. I've been looking to move to the mountains for some time.

Back when I had a job I would go to Bangkok once a year to buy business clothes. I would drop about as much as the plane ticket there cost me. Since then I've thrift-stored maybe 75% of what I bought. I had no problem spending the money because it was for my actual appearance. A good suit ran around...

We're doing this? OK. A bit more than half in a portfolio of stocks and REITs that yield 7%. They're out there; quite a few of them in fact, although I suspect you're running out of time on XOM. Principal should roughly grow with inflation. This gives me about $100k/year after tax. Call it eight gra...

Within the next 3 or 4 years I will likely be able to apply for medical retrieval jobs: getting paid to jump out of helicopters onto cargo ships with sick passengers, or pick-up wounded people from the bush... What a blast! :D That actually sounds fun. I mean more fun than doing the same old doctor...

Hi. I wrote this a couple years back: (By the way, does anyone else not envy doctors? You show up at the same damn hospital or practice every day for 30 years and deal with sick people. Your reward is you get to drive a two-year-old BMW home. You don't get to take business trips to hospitals in like...

I don't think mean reversion has gone away. But I do believe the mean we're supposed to revert to can see changes in its inputs. The mean P/E in the 1950s-70s, when we had fought two World Wars and suffered a Great Depression within people's memories, doesn't have to have the same assumptions underl...

He left out Level 10, where a neighbor complains to the HOA that they've gone too long without cutting the grass and have unapproved structures in their yard and have to take everything down.

If you can internalize ERE (or vanilla RE) you have the work ethic to escape minimum wage one way or 'tother.

Japanese bonds have been in the 1-handle or lower since the mid 1990s, very different from Treasuries (for now). But it doesn't really matter what you use for bonds. The important thing is that some part of your portfolio wasn't in NKY. Four percent in all-NKY would've failed by 2002 for any startin...

The economy and the market are complex evolving systems, so strategies have to change. At some point previous benchmarks must be abandoned. Probably most importantly, the Greenspan put didn't exist before 1987, although some previous crashes were accompanied by a fair amount of intervention by priv...