Drawdown Plan – Apr 2021 Update

Well, the last time I reviewed my drawdown plan was back in Oct 2018 (well before the Covid virus or our closing in on our FI number). I had previously written in 2017 at the start of my journey, and then updated in Mar 2018 (prior to our meeting with a financial advisor). Based on … Continue reading “Drawdown Plan – Apr 2021 Update”

Drawdown Strategy Analysis – using “Power of Zero” – V2 using lessons from the book

My last post, I covered the traditional way to withdraw upon reaching retirement (all your taxable, then all your tax deferred, and finally, all your tax-free spending. In the end, I was left with $1.1M in my Roth IRA. I also did the analysis with a withdrawal rate of $84,000/year (of which 8,500 if Fed/State … Continue reading “Drawdown Strategy Analysis – using “Power of Zero” – V2 using lessons from the book”

Drawdown Strategy Analysis – using “Power of Zero”

After reading The Power of Zero  I decided to do an analysis on how effective this would be versus my current drawdown plan.  Some of the key aspects of the analysis include: Withdrawal amount after taking into account taxes Effect of revenue on social security Effect of revenue on medical subsidies As you remember from my … Continue reading “Drawdown Strategy Analysis – using “Power of Zero””

Mr. 39 Months “Drawdown” plan

May 2, 2018 Updated drawdown plan from Oct 2018, based on “Power of Zero” analysis Okay, as I get more information, I continually have to look at adjusting my draw down plan – even as I hit 26 months to go. If you remember from my previous draw down update, the desire of Mrs. 39 … Continue reading “Mr. 39 Months “Drawdown” plan”

I’ve reached 39 Months!

July 1, 2020 Well, 39 months ago (Apr 2016), I started the blog, with the idea of tracking my progress, as I sought to reach FI within 39 Months, by July 1, 2020. My hope was that my comments, thoughts, mistakes and learning might assist others in their pursuit. I also took the opportunity to … Continue reading “I’ve reached 39 Months!”

Saturday Linkage

June 20, 2020 Building a Dream (Retirement Manifesto): The two of them are retired and starting to build a dream workshop. Thoughts on pursuing your dreams. What’s your magic number? (Rational Walk); Good discussion on your “number” and the costs and benefits of achieving it, as well as potential timelines. Emotional Benefits of Gardening (Princeton … Continue reading “Saturday Linkage”

Dividend Account results – 1st qtr 2020

I’ve been tracking my dividend/income account for some time, to see how I could create an income stream out of my investments, rather than just depending on growth stocks and selling them off as I move through retirement and use my  bucket system. The old traditional way was to use dividend paying stocks and bonds … Continue reading “Dividend Account results – 1st qtr 2020”

Spread-sheeting your way to Financial contentment…

Like most of you, I’m a spreadsheet junkie, and I love nothing better than to open one up and redo my financial calculations. I could spend hours doing “what ifs” with our finances (and I often do). What I find fascinating is that there hasn’t really been a good software packaged developed, that I know … Continue reading “Spread-sheeting your way to Financial contentment…”

Well I screwed up…..

 In working through my “Power of Zero” philosophy and plan, which included doing a Roth IRA conversion from my IRAs to Roth (in the hopes of keeping my taxes low to non-existent in retirement) I failed to take into account hitting the limits on who can pay into a Roth. In order to put money … Continue reading “Well I screwed up…..”

Medical Costs in year 1 of early retirement

As we get closer to FIRE, one of the things Mrs. 39 Months and I (and so many others) get concerned about is paying for medical costs prior to hitting age 65. In the US, Medicare picks up at that age, and though there are still medical bills, Medicare does help pick up a lot … Continue reading “Medical Costs in year 1 of early retirement”