Search found 645 matches

by unemployable
Mon Aug 02, 2021 11:53 pm
Forum: Transportation Questions
Topic: Will Gas Stations Exist In 15 Years?
Replies: 17
Views: 404

Re: Will Gas Stations Exist In 15 Years?

Many vehicles sold today will still be in good condition in 20 years, and it's better for the environment to keep them running as long as possible than junk them and buy a new EV, so pretty clearly yes. I highly doubt gas stations will go away in the US in my lifetime (age 50). Weren't self-driving ...
by unemployable
Mon Aug 02, 2021 7:54 pm
Forum: Money Questions
Topic: Is 4% dead?
Replies: 27
Views: 1085

Re: Is 4% dead?

The FIRE subs have completely stratified to the point where I'm not sure which ones are serious anymore. In addition to unprefixed, lean and fat, we now have: povertyFIRE, clearly below leanFIRE baristaFIRE, which might be a joke sub leanishFIRE, slightly above lean chubbyFIRE, slightly below fat co...
by unemployable
Sun Aug 01, 2021 7:36 pm
Forum: Money Questions
Topic: Is 4% dead?
Replies: 27
Views: 1085

Re: Is 4% dead?

If I understand your questions, the answer is yes to both. The majority of participants in the options market want downside protection while staying net long (long puts) or are doing covered calls, willing to sacrifice some upside in exchange for guaranteed premium immediately (short calls). There's...
by unemployable
Sun Aug 01, 2021 6:28 pm
Forum: Money Questions
Topic: Is 4% dead?
Replies: 27
Views: 1085

Re: Is 4% dead?

Options premiums are one of the few free lunches in finance. Firstly implied vol is systematically higher than realized vol is. Secondly the vol skew structurally overvalues puts relative to calls. (Some other assets have skew, for example oil and oil products are skewed to the upside.) So yes, sell...
by unemployable
Sun Aug 01, 2021 5:15 pm
Forum: Money Questions
Topic: Is 4% dead?
Replies: 27
Views: 1085

Re: Is 4% dead?

Well, this is ERE, I thought 50k/yr was supposed to be considered extravagant and wasteful. :)

One the r/leanfire subreddit they ban you if you claim annual expenses of more than $20k. Wish I were kidding.
by unemployable
Sun Aug 01, 2021 2:24 pm
Forum: Money Questions
Topic: Is 4% dead?
Replies: 27
Views: 1085

Re: Is 4% dead?

You can also do some primitive market timing when selling assets to cover living expenses. Sell the things that have run up the most or are the most above their historical valuation, or at least don't sell the things that have crashed. Retirement spending models never seem to address exactly how you...
by unemployable
Sun Aug 01, 2021 2:15 pm
Forum: Money Questions
Topic: Is 4% dead?
Replies: 27
Views: 1085

Re: Is 4% dead?

taxation on dividends (26% to the US' 15%) US dividend tax is zero if your overall gross income is less than $50k or so, and then the 15% rates and above are marginal. Dividends are considered the same as long-term capital gains as long as you hold the stock for 60 days surrounding the ex date. Mos...
by unemployable
Sat Jul 31, 2021 8:15 pm
Forum: Money Questions
Topic: Is 4% dead?
Replies: 27
Views: 1085

Re: Is 4% dead?

The two worst periods for 4% withdrawal rates were the Great Depression and the persistent inflation of the 1970s. I'm not sure we're going to drop 87% like we did in 1929-32, but right now looks and feels a godawful lot like the beginning of another bout of structural inflation, and we're making a ...
by unemployable
Tue Jul 13, 2021 8:21 pm
Forum: Housing Questions
Topic: Early retirement without home ownership
Replies: 29
Views: 5441

Re: Early retirement without home ownership

Absent a nationwide Prop 13, taxes on a modest home can swamp any ERE budget. Has anyone modeled this fixed and "un-hackable" cost in ERE? Property taxes in most of rural America are well under $1000/year, often under $500/year. They can be expected to rise with inflation unless where you...
by unemployable
Mon Jun 28, 2021 12:14 am
Forum: Lifestyle Questions
Topic: A Jacob Mention
Replies: 135
Views: 8283

Re: A Jacob Mention

Say what you want about hourglasses and Wheaton levels, but I leave for awhile and come back to see the same 20-30 people posting to each other with a handful of others on the periphery who probably won't be around in a few months. Same as it's been since I started reading here. I feel like I have a...
by unemployable
Sun Jun 27, 2021 11:14 pm
Forum: Housing Questions
Topic: Semi-retirement locations?
Replies: 43
Views: 3542

Re: Semi-retirement locations?

I still say cost of living should not be a factor at all in the calculation or it should be way down the list of priorities. If cost of living (presumably mostly housing) doesn't matter, then what cost does? Or is this Wheaton Level 8 stuff where money is only used because you don't have some other...
by unemployable
Sun Jun 27, 2021 10:35 pm
Forum: Housing Questions
Topic: Semi-retirement locations?
Replies: 43
Views: 3542

Re: Semi-retirement locations?

In America the tax rate for someone making less that $30k per year is basically closer to zero than to the Italian 40ish%. A single making $30k wage income would pay 7.85% social security/medicare on the whole thing and 10% federal income tax on about $17k of that. So about $4k total. Plus state ta...
by unemployable
Sun Jun 27, 2021 10:23 pm
Forum: Lifestyle Questions
Topic: ERE Motivations
Replies: 13
Views: 969

Re: ERE Motivations

Lack of an alternative that was more attractive, more actionable or had a better guarantee of success.
by unemployable
Fri Jun 25, 2021 9:46 am
Forum: Politics, and other eternal disagreements
Topic: Is ERE more a thing for men?
Replies: 11
Views: 971

Re: Is ERE more a thing for men?

Well yeah, the primary way for women to "retire" is (still) to marry a man with money.
by unemployable
Sun Apr 18, 2021 10:47 am
Forum: Inspiration
Topic: Best Life Lessons to Pass on to Kids
Replies: 33
Views: 15206

Re: Best Life Lessons to Pass on to Kids

The one I learned from my dad was not to have kids, and it was one of the few I heeded.
by unemployable
Fri Feb 12, 2021 9:01 pm
Forum: ERE Journals
Topic: Anticonsumerist's Journal
Replies: 47
Views: 4668

Re: Anticonsumerist's Journal

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...
by unemployable
Sat Jan 30, 2021 2:41 pm
Forum: Resources & Recommended Reading
Topic: Freedom 45 from Pierre Yves Mcsween
Replies: 12
Views: 1534

Re: Freedom 45 from Pierre Yves Mcsween

If I'm obligated to work, then YOU are obligated to employ me, eh?
by unemployable
Thu Jan 28, 2021 12:16 pm
Forum: ERE Journals
Topic: 39 & Looking to retire this year. Advice appreciated
Replies: 39
Views: 2224

Re: 39 & Looking to retire this year. Advice appreciated

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.
by unemployable
Thu Jan 28, 2021 11:23 am
Forum: ERE Journals
Topic: 39 & Looking to retire this year. Advice appreciated
Replies: 39
Views: 2224

Re: 39 & Looking to retire this year. Advice appreciated

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

viewtopic.php?f=3&t=11748
by unemployable
Thu Jan 28, 2021 9:56 am
Forum: ERE Journals
Topic: 39 & Looking to retire this year. Advice appreciated
Replies: 39
Views: 2224

Re: 39 & Looking to retire this year. Advice appreciated

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.