I remember when the movie "Urban Cowboy" came out in the 70s. Prior to that the pickup was strictly a redneck work truck. I bought the top of the line F-150 for $2300.00 in 1973 and later after the movie, everybody wanted to be a cowboy, I sold it in 1975 after 2 years of using it for work for $5595. Love those urban cowboys.
We never actually use the 4% rule however, since our RMDs are about 4% and we both have pensions and SS, we have enough without worrying about it.
But as an aside to Dan, in Texas there is a clause in Homeowners Policies, I think it is Exclusion K, that covers termite damage but is only added to the policy for an additional fee and you have to specifically ask for it to be added to your policy. I have not checked other states.
Sorry Kevin but I am confused. You state you are taking 3% per month which I figure is 36% of your total investment year. However, you could be saying that you take 3% of your total funds and divide that amount by 12, and that is the amount you take out per month. That would work like: $200,000*.03 = $6,000/12 = $500 per month; however, what you appeared to state was: $200,000*.03=$6,000 per month withdrawal. Please de-confuse me as to which you are using. Thank you
Continuing to mostly stand pat, although I have added some to my positions in Swedish, Australian, and Polish companies, along with an Emerging Market ETF. This was all planned and ongoing but we have a strong cash/bond position so basically we are just following Charlie Munger's advice and seating on my arse and doing nothing or at least very little, other than watching the Cardinals on the bird feeders. Just remember, this to shall pass.
Personally, do not care whether it happens or not, but the great-grand kids are going to need help down the road and my problem is dividing $5,000 equally by 6 (at the moment).
Having kids too young (although I would not trade them for anything); and,
Not following the advice of a neighbor who worked at Merrill Lynch back in 1982. He talked me out of investing my first IRA in Valero Petroleum and instead investing in this little start up company. Then against his advice 6 months later I sold that $7 stock at a loss of $.12 per share. So much for owning almost 300 shares of Microsoft in 1982.
Marjorie has it right and basically so do all the others. As a Purchasing Officer for the Federal Judiciary I had a card that stated that on anything I purchased that no taxes would be owed or paid.
We take RMDs early in the year but even though basically retired at 76(myself) and 79(my Wife) I work part-time as a research librarian at our local library. Thus, I still have an income and use the RMD to fund our ROTH IRAs for each year as soon as they are dispersed. With what is left over, we fund the grandkids and great-grand kids 529s. So it all stays sheltered even though there are taxes removed from the total amount.
Comments
I remember when the movie "Urban Cowboy" came out in the 70s. Prior to that the pickup was strictly a redneck work truck. I bought the top of the line F-150 for $2300.00 in 1973 and later after the movie, everybody wanted to be a cowboy, I sold it in 1975 after 2 years of using it for work for $5595. Love those urban cowboys.
Post: I Really Don’t Get It, But I Guess That’s OK
Link to comment from October 21, 2025
We never actually use the 4% rule however, since our RMDs are about 4% and we both have pensions and SS, we have enough without worrying about it. But as an aside to Dan, in Texas there is a clause in Homeowners Policies, I think it is Exclusion K, that covers termite damage but is only added to the policy for an additional fee and you have to specifically ask for it to be added to your policy. I have not checked other states.
Post: Are you actually using the 4% rule?
Link to comment from September 17, 2025
I also like Squaredle and play it daily to make me think.
Post: Building Connections
Link to comment from April 22, 2025
Sorry Kevin but I am confused. You state you are taking 3% per month which I figure is 36% of your total investment year. However, you could be saying that you take 3% of your total funds and divide that amount by 12, and that is the amount you take out per month. That would work like: $200,000*.03 = $6,000/12 = $500 per month; however, what you appeared to state was: $200,000*.03=$6,000 per month withdrawal. Please de-confuse me as to which you are using. Thank you
Post: 4% every year? even this one?
Link to comment from April 9, 2025
Continuing to mostly stand pat, although I have added some to my positions in Swedish, Australian, and Polish companies, along with an Emerging Market ETF. This was all planned and ongoing but we have a strong cash/bond position so basically we are just following Charlie Munger's advice and seating on my arse and doing nothing or at least very little, other than watching the Cardinals on the bird feeders. Just remember, this to shall pass.
Post: Tariffs and our retirement assets
Link to comment from April 4, 2025
Personally, do not care whether it happens or not, but the great-grand kids are going to need help down the road and my problem is dividing $5,000 equally by 6 (at the moment).
Post: What will you do with $5,000?
Link to comment from February 23, 2025
Three things immediately come to mind
Post: My Mistakes
Link to comment from February 21, 2025
Marjorie has it right and basically so do all the others. As a Purchasing Officer for the Federal Judiciary I had a card that stated that on anything I purchased that no taxes would be owed or paid.
Post: A Taxing Situation
Link to comment from February 12, 2025
We take RMDs early in the year but even though basically retired at 76(myself) and 79(my Wife) I work part-time as a research librarian at our local library. Thus, I still have an income and use the RMD to fund our ROTH IRAs for each year as soon as they are dispersed. With what is left over, we fund the grandkids and great-grand kids 529s. So it all stays sheltered even though there are taxes removed from the total amount.
Post: Is there a best time to take an RMD? Does matter when?
Link to comment from January 20, 2025
Mostly Vanguard but so far 9.4%
Post: What is The 10 Year Return on Your Portfolio?
Link to comment from November 27, 2024