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Messages - gopherguy

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General Discussion / Re: Retiring beyond 55
« on: May 27, 2020, 06:14:26 PM »
Hi Jeremy,
I just saw your reply yesterday. Thank you again for your feedback and sending the link to your service, I wasn't aware of it. I'll be in touch. Thanks again, John

Other / Wills & Trusts
« on: May 08, 2020, 05:42:06 AM »
Hello World... Perhaps itís because most who seek FI are younger, Iíve yet to see information pertaining to Wills or Trusts. The first (and only) time I had an actual will created (by a real living lawyer) I was around 40. Now Iím 55, I own a home when I didnít previously. Iíve moved out of the state where the will was created, Iíve had more kids, my financial situation has drastically changed, my bank accounts and/or financial related institutions no longer match those in the doc (actually I canít say for certain they were included)... but you get the picture. Things have changed ó a lot!

Anyone have firsthand experience in creating DIY will? Maybe itís not smart to do? That type of feedback would be equally helpful. Iím not sure what Iím going to do, but sending out feelers.


General Discussion / Re: Retiring beyond 55
« on: May 05, 2020, 05:43:04 PM »
Thank you GCC.

One concern is the 'bucket plan'. Thanks for your feedback on that 'sounding reasonable'.

bucket 1 will definitely be in CDs and hi yield savings.

Thank you for info about the Target date funds, will look into those.

I'm thinking of moving my quit date to this fall instead of next April. Probably won't be able to invest as much into bucket #3, but I'm really hating work. Furthermore with this virus I'm sort of apprehensive about jumping back on planes... which I do a lot, and will have to do again once my employer brings everyone back WFH.

I look forward to learning more from all the articles you write concerning tax savings. Don't have the energy now, but will after I stop working. I find all of the topics that you write about very interesting. Finance has never ever been my forte, nor business in general. I'm in the creative field. Trying to educate myself on this is a large departure from how I think. And though it's extremely challenging for me I still want to learn, so that's good. Thank you again!

General Discussion / Re: Retiring beyond 55
« on: April 30, 2020, 10:01:54 AM »
Hello GCC, and anyone who would like to respond.

Long story short. I really wanted to try to do my financial planning on my own, but I'm doubting myself. I still think I can sort of manage it on my own, but I feel that I need direct input/feedback in respect to my situation.. and setting up the foundation.

As the subject reads I'm 55. My current plan is to manage 3 buckets.

Bucket #1
1 million in savings and money market: intent is to invest this and not need it until I'm 70. I've invested a small amount already, just prior to sh*t hit the fan with the virus. Thankfully it was a very small portion (to dip my feet in the water), and though I'm down a tad, it's just a very small tad.

Bucket #2
My 401k is about 620K and counting as I'm still working. Mostly invested in money market, and small portion in bond funds. Plan is to live off of this for 10 years, from age 60-70

Bucket #3
Cash. 200K to live off of until I'm 60. I plan to begin when I'm 56-1/2, April 2021. I'm still in process of saving this bucket.

Does anyone recommend an hourly/fee-only financial planner? Is that ok to ask here? I feel sort of confident of what to do with Bucket #1. I'd like to have bucket #2 invested somehow, but obviously it needs to be conservative, but I'm not sure what to do here. For Bucket #3 I think its best to just leave as cash.

Again, I'm looking for someone who I can have a couple hour conversation with, help lay the foundation (of a financial plan). Someone who can see things that I don't see.

Note: No debts, house and cars paid in full.

Thank you.

General Discussion / Re: Retiring beyond 55
« on: April 05, 2020, 06:33:00 PM »
Hello GCC,

Thank you for your reply. I ended up moving some funds back to my Vanguard settlement fund. Thank you for your feedback. Iíve decided not to worry so much about trying to get in at the bottom. I did some research on the history of funds that break the buck... obviously itís rare. But in the heat of the moment I panicked. Iím not a day trader or someone who trades on the volatility. Iím going to jump back in eventually, but not yet. Hope you and all the readers of this forum are in good health and doing well. Best!

General Discussion / Re: Retiring beyond 55
« on: March 23, 2020, 06:31:15 AM »
Hello GCC and everyone... When I submitted my original post/request for feedback of course I couldnít even imagine the current events. Afterward societal and market changes began to happen so quickly I invested (thankfully) just a small portion of my cash position. New Question: I had a significant amount in my vanguard money market account ó settlement fund) in order to deploy quickly into the market. This past Saturday I freaked out and decided to move the cash back to my FDIC insured bank accounts. Reason being I wasnít sure if the money market account might somehow lose value or become inaccessible. Ok, I know that might sound ridiculous, but like I said I Ď freakedí out. Now that the market has dropped precipitously, and may drop further... I want to be ready to go into the market again once it feels right. Thus, I would rather not have my money in the bank because it takes a few days to do the transfer back to Vanguard. Apologies- Iíll get to my question: Is the vanguard Settlement fund safe? Appreciate everyoneís feedback. Hope all who are on this board are in good health, and keeping a level head, relative to the situation. Best!!

General Discussion / Re: Retiring beyond 55
« on: January 30, 2020, 07:38:22 PM »
Thank you for the link to the article. Very informative.

My favorite sentence is "Investing is ultimately an exercise in regret minimization." LOL

Much appreciate all of your feedback.


General Discussion / Re: Retiring beyond 55
« on: January 29, 2020, 01:34:39 PM »
Thank you GCC for your reply.

I've been contemplating VWENX, which is 'roughly' 70/30 stock/bond.

Because valuation is high I'm thinking of slowing dollar cost averaging over the next 18 or 24 months. In your opinion, if you were 55, would you go slow or all in? I'll make up my own mind but curious what you would do.

Glad I found your blog.


General Discussion / Retiring beyond 55
« on: January 28, 2020, 06:52:08 AM »
Hey folks,
Thanks for reading, and thank you (anyone and everyone) in advance for your input.
I'm 55 and have not been invested. Sad but true, and the reason is too long to explain here.
I have a little over 1.1M in cash. And approx. 500K in 401k. House is paid, no debts.
Yearly expenses are approx. 42K.
Iím still employed.
The key for younger people seeking FI is time, younger people have more time to allow their nest egg (investments) to grow. My plan is to invest 1M and not touch it until Iím 67. Is that enough time (a little under 12 years) to allow it to grow? And given the market is valued so high at this time, is it wise to go all in at my age?
Appreciate your feedback!
Note: at 67 I'll also begin to claim social security, so I won't need very much of that 1.1M. My social security will cover at least 75% of my expenses. Thanks again for your feedback!

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