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tony

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  1. This may not apply to most of us as it deals with those self-employed. Still, it might give some ideas about withdrawal rates and how to proceed. https://thefinancebuff.com/easy-early-retirement-portfolio-withdrawals.html
  2. Interesting facts and percentages https://etfdailynews.com/2018/10/18/take-a-peek-at-what-the-top-1-percent-have-in-savings/
  3. Do investors become less effective as they get involved in more complex analyses? https://www.gurufocus.com/news/756355/john-bogle-8-basic-rules-for-superior-returns
  4. Ed I am glad you got some enlightenment out of the article. I think it comes down to whether you are more of an Introvert vs an Extrovert. From your comments, it sounds you and me may have somewhat similar personalities. Your workplace observations echo mine. Sound like you may very well be a FIRE candidate and I don't worry about you because you understand money. I worry more for those that have not developed adequate financial acumen and lifestyle planning and who are ready to jump into the movement without deep thinking on the subject. They may regret their decisions later in life. I did not retire exactly "Young" as I am now 64 and I retired at 62. I would have retired sooner but stayed in longer so I could claim my full pension. Quitting sooner would have cost me a great deal of money. I am not bored and don't have to be busy every second of every minute. I do whatever. I am also going to the gym often and have lost 20 pounds. I wasn't even ever heavy in the first place but I guess that workplace stress can put fat on you out of sight and around your internal organs. I'm healthier now than when I was younger. I don't need that constant human contact some folks need. I especially don't miss the workplace adult human interactions at all but I do miss the young people and students somewhat. I know a fellow teacher who retired just this year and he is already going crazy. He misses that human contact so much that he is volunteering for whatever in the school system for free as well as assisting the boy's basketball team and involved in classroom substituting in emergency situations. He told me he does not ask for compensation. So it can all come down to your personality type. He is emotionally struggling with retirement. I am not. I have heard that on any given day he can be seen hanging around the high school. I haven't been back.
  5. Is early retirement really that great? Food for thought. https://www.financialsamurai.com/the-negatives-of-early-retirement-life-nobody-likes-to-talks-about/#comments
  6. Ready , Aim, FIRE ? https://www.usatoday.com/story/money/personalfinance/retirement/2018/10/18/why-1-million-may-not-enough-retire-comfortably-savings/38157041/?utm_source=usatoday-Retirement&utm_medium=email&utm_campaign=baseline&utm_term=hero
  7. I think you should Fire but just learn all you can by the process and keep an open realistic mind of what might go wrong . With all that extra time on your hands you may very well spend more money not less. There are mental and emotional factors governing a FIRE lifestyle as the article below points out . Many retired people despite their ages are miserable and bored. I've also posted my opinion on other threads that not being able to predict the future makes a Fire lifestyle scary. Ed, I think you are too darn smart to stop contributing to society at a very young age . https://www.financialsamurai.com/the-negatives-of-early-retirement-life-nobody-likes-to-talks-about. Scroll to the top for article before reading comments.
  8. This reminds me of when I was on a book adoption committee at my school. We found the perfect personal finance book that was easy to read and made its point simply. It was perfect for a wide range of student ability levels but was very intelligently written without being overly complex .The committee (teachers)was unanimous in the choice of the textbook. The parents on the committee voted against adopting it. Reason? "My son or daughter deserves a more complex and thicker textbook"........and full of big words their kids probably didn't understand HA HA!. The parents chose the most complex, hardest to read, and understand books as better choices. To many folks, complex and confusing equals "must be better". I've always thought the opposite . KISS (keep it simple stupid) has always been my preferred method. However simplicity can be confused sometime as " low level" Thus the word simpleton exists. I too felt years ago that index funds were too simple, too easy so that something must be wrong with them. I drank the Kool Aid offered by the financial industry. It took this site and John Bogle to get me to understand that index funds were the way to go. Previously I had just managed funds. I remember reading all the manager interviews in Money magazine on how their stock picking prowess was so brilliant. Turns out it was all hype. Still is.
  9. Great Trailer. Look forward to seeing the documentary. Regardless if the fire movement is realistic or not ( I'm still not convinced its possible long term for everyone) what these folks will learn along the way of the journey will be invaluable. I do wish them the best of luck and I admire the FIRE mentality towards less consumerism and a more frugal lifestyle. I hope whatever comes out of this movement catches on with a larger population over time.
  10. One of the biggest stories in investing over the past ten years has been a shift away from expensive, actively managed mutual funds towards lower cost, index-based mutual funds and ETFs. Coinciding with this trend has been the rise of fee-based registered investment advisors (RIAs) and the decline of commission-based brokers. https://theetfeducator.com/2018/10/16/fee-war-moving-to-advisors/
  11. https://www.cnbc.com/2018/10/16/target-date-funds-are-super-simple-but-is-that-all-you-need-to-know.html?__source=yahoo|finance|headline|story|&par=yahoo&yptr=yahoo
  12. If you feel unsure of your basic financial knowledge this article might help you move in the right direction. These terms mentioned in this article are often discussed here. Note if you see story continues in blue, click on it as there is more to the story than might appear at first. https://finance.yahoo.com/news/many-americans-don-apos-t-220400790.html
  13. Dustin Before you can get them to take action you will need to educate them on basic financial literacy as most Americans are deficient on this topic due to lack of educational emphasis in high school, college and workplace . In my high school our teacher advisory counsil was powerless and our recommendations were ignored. I hope its different for you. Good luck.
  14. tony

    Help deciphering fees

    Your math sounds good to me and if its off Ed will correct it. Regardless it makes the point and should catch everyone's attention. Something that is often missed in this equation is that low fees alone won't advantage you much if teachers don't make a concerted effort to save a good amount each month throughout their career and with increasing that amount yearly. I 've known teachers who saved $50.00 a month and thought that would do it for them. It takes more savings effort than that to get to the promised land sooner.
  15. Jeb You are not the first to think that LOL. He would never get published if he had my typing skills and spelling/grammar skills. I never took a word processing class in high school and I regret that it sometimes shows if I am not super careful. I am sure too, that many a student in retrospect wishes they had been required to take a financial literacy class taught by a competent teacher in their school days.
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