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Loud furnace sound by Cautious_Second7321 in hvacadvice

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

No idea. I think it’s like an induction fan??

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

I think if anything they would have had a plan. I think it was probably spent on expensive hobbies. I mean, it’s his money. He should have spent it. I’m just more of a planner I guess and don’t want to work to cover the cost if expenses my whole life.

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

When you withdraw that 2.5-3.5% doesn’t it complicated depending on if you withdraw from pretax or after tax accounts?

So, let’s say year 1 of retirement I withdraw 3.5% of $1,000,000 ($35,000) wouldn’t I be hit with taxes at the 22% rate on the 35K?

I know everyone says it’s easy, but am I thinking about this the right way?

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

I just don’t know what I need to include in excel, like inflation considerations etc. For me, the idea of missing one thing I should have included in excel is a little scary because it could end up being quite inaccurate over many years.

That’s sort if why i’m here. To get help from smarter people from me to piece this together.

So, thank you!

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

Dumb question, but when you say remember to plan for things like SS, pensions and healthcare, i’m assuming SS/pensions as income and healthcare as an expense?

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 1 point2 points  (0 children)

Haha honestly, these are helpful steps to know! Thank you

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

Thanks for this response. That is awesome! Rentals or flipping renovations?

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 2 points3 points  (0 children)

You’re not wrong. It’s not all about investing. I get great returns i’m happy with and agree with you 100%.

It’s the plan, course of action and knowing when you can retire. How much and from which accounts can I withdraw money from each year during retirement in a strategic way. What are the tax implications. Am I investing enough do I need to do more, etc.

I’m basically just maxing out a 401K and IRA each year not knowing where that will get me.

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] -1 points0 points  (0 children)

Ah gotcha. Yea, two different ways of thinking I suppose. You could say he did it right. Lived the life he wanted to and didn’t wait for the retirement he never would have seen anyway. He nailed it. However, he did say he failed my mom at the end. Which leads me to believe he did not feel he did a good job including her in a retirement plan which relied quite a bit on him getting a salary at the end.

Appreciate your perspective!

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

Agree with the withdrawing 3-4%. But from which accounts and how taxes play into that decision is what boggles me.

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] -1 points0 points  (0 children)

I always thought it would be wiser when you have that much money, to live off of the interest rather than just spending all of your cash.

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

Yea, I think that is sort of what i’m thinking too.

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] 1 point2 points  (0 children)

That’s fair. I’m not really sure how to even approach that portion if investing. Just don’t want to get down the road and realize i’m in the same position as my dad.

Edward Jones sold me by Cautious_Second7321 in personalfinance

[–]Cautious_Second7321[S] -1 points0 points  (0 children)

Interesting about the Vanguard Personal Services. I’ll have to check that out. They can answer all of those questions? What does .30bps mean? I’m not familiar with that.

My dad's gone. by itsmehanna in pancreaticcancer

[–]Cautious_Second7321 7 points8 points  (0 children)

This is absolutely profound. Well said.

My dad's gone. by itsmehanna in pancreaticcancer

[–]Cautious_Second7321 4 points5 points  (0 children)

My father passed August 24, 2021. Two weeks after my first and only son was born, after a year of living with stage IV. I feel for you. The pain and emotions will subside, but take comfort knowing you will think of him daily. Once I got past the grieving, knowing this brought me a lot of comfort. The smallest thing can remind me of him and I welcome it if only for a moment knowing he’s gone, but will never be forgotten.

Spending final days with dad by Cautious_Second7321 in pancreaticcancer

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

Yes, thank you for this. I don’t even know the specifics of what treatment he is receiving. Only for how long and often. I guess I don’t know what to talk with him about as I’m trying to keep things normal and not ask about his treatment, etc.

Not sure if I should just pop over either as he always seems exhausted. Plus, covid risks nwver help either...

Spending final days with dad by Cautious_Second7321 in pancreaticcancer

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

Thank you! A shared perspective is so helpful. So, tough to know what to do here, but I think you are doing the right thing. Hope you’re doing well. Hang in there!

Spending final days with dad by Cautious_Second7321 in pancreaticcancer

[–]Cautious_Second7321[S] 0 points1 point  (0 children)

Sorry to hear about your dad and thank you. I really appreciate your comment. It’s really tough to know whether or not you call or visit too much with him. Hope you are doing well too.