I figure this may cause eyerolls amongst the investment wizards, but I'm a big fan of Mr. Money Mustache. His articles are so enjoyable to read. I stay out of the forum as some of the people there are batshit crazy IMO! Unlike pinside
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I figure this may cause eyerolls amongst the investment wizards, but I'm a big fan of Mr. Money Mustache. His articles are so enjoyable to read. I stay out of the forum as some of the people there are batshit crazy IMO! Unlike pinside
You should post on bogleheads. Not that there's bad advice here, just that posting this kind of recommendation based on your particulars is exactly what they do.
Some spending models take age into consideration. Bernicke's I think. You can do some projections with firecalc and cfiresim.
Personally I find it difficult to estimate healthcare costs.
Quoted from Baiter:If inflation is anywhere near historical averages of nearly 3%, you'll need a 6.5% annual return to allow you to withdraw 3.5% and still keep the principal at the same relative value.
There are some arguments against SWR, not the least of which is agreeing upon a safe percentage. Wade Pfau did a study showing 2-3% SWR going forward. However that was in 2010 and I believe he has revised that upward. EarlyRetirementNow recently wrote a massive series of blogs about SWR. He had some good points although he comes across as a bit of a dick!
I think of SWR as a savings target, but I don't explicitly use it for spending models as I plan to spend the principal. I intend more flexibility than a strict SWR would allow. "FWR" if you will If you have the option to ease into retirement, via part-time work, SLE Sterns, or other income streams, even better. I read a study (which of course I can't find now!) that showed the first five years of retirement pretty much determine the long-term success rate.
Also I recently found this awesome site http://www.flexibleretirementplanner.com
It uses Monte Carlo sims like most other sites, but you can run additional sensitivity analyses with all sorts of parameters to tweak. It's my favorite site of its kind.
Quoted from iceman44:Read this, understand it and pay attention to the 10 yr treasury closely
https://www.yahoo.com/finance/news/apos-why-stock-market-turmoil-184600325.html
I read it but I didn't really get it.
"We're in a vicious cycle here. If the yields go up, you have to sell stocks. If you sell stocks, and they crash, yields come back down," said Art Hogan, chief market strategist at B. Riley FBR.
Why do we have to sell stocks? What's the actionable advice?
Tbh I don't understand the big players in the bond market. Seems like a house of cards. I can't see how what they do applies the average investor. ELI5!
Looks to me like if you had listened to Mr. Hogan last week you'd have missed out on the biggest single week gain in 6 years!
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