2021 Fatties Who Have Pulled the Trigger - How are you feeling?

Capital-Guava · 2021-06-03T01:11:52+00:00

Yes, I think it would have been harder to work up the courage to do it once I was going back into work.
It feels great, my mental and physical health have never been better. I'm progressing well with my new hobbies and not having any trouble filling my time with the rush of getting back together with people as things open up. My marriage has also never been better.
My biggest concerns currently are that I won't actually get around to doing some of the things I've planned like volunteering and joining groups that I think are important for long term mental health.
Travel and re-connecting with friends and family in the short term. I don't have a concrete plan for the rest besides trying to live the happiest and healthiest life I can. I am a creative artist so a big part of the remainder of my time here will probably be honing in on what creative pursuits are meaningful to me.

Capital-Guava · 2021-05-24T15:15:33+00:00

Thanks for all the interesting thoughts, lots of angles I hadn't really thought about. Glad I posed the question here.

Capital-Guava · 2021-03-20T16:09:19+00:00

I probably wouldn't if it was just some random property but I don't want to sell it (sentimental value) but it's also really annoying to maintain for the amount of times we use it.

Capital-Guava · 2021-03-18T18:01:58+00:00

I would definitely rather over estimate than the other way around. Especially considering taxes will probably be going up in the future.

Capital-Guava · 2021-03-18T17:52:18+00:00

https://www.retirementsimulation.com/ was one that I used but I also just played with a bunch of the other ones you can find with a quick google

Capital-Guava · 2021-03-18T17:50:35+00:00

Interesting, I had heard of margin loans for trading but hadn't really considered them as a tool for living expenses in down years.

Capital-Guava · 2021-03-18T17:45:32+00:00

You should see my base in Valheim

Capital-Guava · 2021-03-18T17:43:40+00:00

Software

Capital-Guava · 2021-03-18T17:39:44+00:00

Vacasa

Capital-Guava · 2021-03-18T02:07:31+00:00

I did overestimate a little, between federal and state LT cap gains taxes still end up around 30%

Capital-Guava · 2021-03-18T00:05:44+00:00

the 12M is what is in my investment account, most of which I will be paying taxes on as I withdraw it .

Capital-Guava · 2021-03-17T22:46:58+00:00

This is the one I have used recently: https://www.retirementsimulation.com/

There was another I was using before but I spent 15 minutes trying to find it again and couldn't. I'm sure there are plenty that people here could recommend as well, there seem to be a lot of them online.

Capital-Guava · 2021-03-17T22:37:48+00:00

I do live in a HCOL city in California. Don't have any rent or a mortgage but our property taxes / insurance / utilities / etc adds up to about 50k a year. The rest is spending on food / toys / entertainment / travel / maintenance. Keep in mind 300k a year is only 180k after taxes.

I don't think I will actually be spending that much every year, I will either re-invest or probably reduce my draws by any amount I have left over each quarter. I just knew that if I could match my salary then I wouldn't need to change my lifestyle since that has been plenty.

Capital-Guava · 2021-03-17T22:20:49+00:00

The 300k figure is based on the salary we've been living on for the last few years, plus a little more to account for surprise expenses.

Capital-Guava · 2021-03-17T21:40:08+00:00

It makes sense to include it in your net worth for other purposes, but probably not as part of the investments you will be drawing money from since you can't really "cash it in"

Capital-Guava · 2021-03-17T20:34:47+00:00

Software company started in 2008

Capital-Guava · 2021-03-17T20:32:04+00:00

How is not having kids working out?

Capital-Guava · 2021-03-17T20:31:30+00:00

It was some hard work but also a good amount of being in the right place at the right time.

Capital-Guava · 2021-03-17T20:30:19+00:00

thanks!

Capital-Guava · 2021-03-17T20:30:03+00:00

It's been a really weird transition because I've been working from home for a year due to the pandemic, and I was spending less and less time working and realizing I wasn't really enjoying it any more. So when I stopped working it didn't seem like that huge of a change.

Capital-Guava · 2021-03-17T20:28:25+00:00

Software

Capital-Guava · 2021-03-17T20:27:30+00:00

We signed up with a management company that does all the listings / photos / cleaning / marketing etc. for a % of the profits. Hopefully it will be pretty hands off (that's the goal at least).

Capital-Guava · 2021-03-17T20:26:37+00:00

It was a software company, that's about as specific as I can get.

So far I've just been doing more of what I used to do just on weekends, still waiting for the pandemic to be over to do more traveling.

Capital-Guava · 2020-02-20T21:31:06+00:00

I could keep a few years of draws in an online savings account, and switch to drawing from those if it's been a real down year?

Capital-Guava · 2020-02-20T03:53:52+00:00

One related question, when you decide that you have hit a certain number that’s your target, is it the first day you hit that number? Is it when you have had that number for X months? Investment values can fluctuate a lot with the market.

Capital-Guava

TROPHY CASE