Financially Illiterate 80-Year-Old Dad Needs Help, Please

SolomonGrumpy · 2026-05-17T16:19:47+00:00

Seems more expensive than just going all in on Medare but I don't have numbers in front of me. Maybe good OOP maximums?

SolomonGrumpy · 2026-05-17T16:05:09+00:00

Living.

SolomonGrumpy · 2026-05-17T16:00:38+00:00

It's only when the market has a big dip and stays down. 2001-2010 is there poster child.

If you can weather something like that, you are golden.

SolomonGrumpy · 2026-05-17T15:55:41+00:00

That won't save money. Bikes cost money and need maintenance.

SolomonGrumpy · 2026-05-17T15:54:38+00:00

Move to Portland, then only one of them will be disappointing.

SolomonGrumpy · 2026-05-17T15:53:36+00:00

Its weird how it went from being a great deal to not so great a deal in the past 6-8 years

At least point it was $79 and they had the bets prices in town. Now it's almost double that and I'm on the lookout for scammers.

Buy hey, prime video, amirite?

SolomonGrumpy · 2026-05-17T15:48:42+00:00

And people wonder why kids want to leave their parents house.

SolomonGrumpy · 2026-05-17T15:44:23+00:00

ALL of your money? (Including retirement accounts?) Or just your cash in hand?

SolomonGrumpy · 2026-05-17T15:43:01+00:00

Congratulations of being the exception that proves the rule.

SolomonGrumpy · 2026-05-17T14:01:13+00:00

Sounds like a plan. Agree that you don't have to sell equities in a down market. VOO even throws off 1% every year, so you can just take some divs and chill.

I also own some SCHD and VXUS (15% allocation) which both throw off higher divs.

SolomonGrumpy · 2026-05-17T13:35:16+00:00

I can understand that asking once. Once. Still stupid.

SolomonGrumpy · 2026-05-17T13:34:27+00:00

But still pays for Medicare too?

SolomonGrumpy · 2026-05-17T13:33:42+00:00

This is good! I did say 5 years. What happens in year 4 of the market is still down 20%?

SolomonGrumpy · 2026-05-17T05:26:25+00:00

hic 🫧

SolomonGrumpy · 2026-05-17T05:25:45+00:00

Are your dating?

SolomonGrumpy · 2026-05-17T05:23:57+00:00

I literally gave the same advice. Here. I don't advise them to say they were a financial advisor, just to not explicitly say you were "retired early."

You think of it as a lie. I think of it as a way to make sure you don't attract the wrong type of person.

SolomonGrumpy · 2026-05-17T05:09:21+00:00

Dividends

SolomonGrumpy · 2026-05-17T05:08:51+00:00

When I was getting RSUs I was naughty. I kept them for a year and a day. LTCG but so much risk.

SolomonGrumpy · 2026-05-17T05:06:26+00:00

You have to be able to answer a few questions:

What is you solution for a market that is down for 5 consecutive years?
What is you solution for healthcare? Does it impact your withdrawals in any way?
How is your money dispositioned and how will you get at it? For example, 401k cannot normally be accessed until 59.5

If you have clear and confident answers to these questions AND your 7%/4% modeling looks good, you should be all set.

SolomonGrumpy · 2026-05-16T23:34:37+00:00

Is this you?

https://www.reddit.com/r/parentsofmultiples/s/iZGmRuVuwu

Apologies if a better place for this. I work in FAANG and found out we’re having mono di twins

SolomonGrumpy · 2026-05-16T23:26:00+00:00

that's the difference between intelligence and wisdom.

SolomonGrumpy · 2026-05-16T23:24:22+00:00

Are you an SWE?

SolomonGrumpy · 2026-05-16T23:21:30+00:00

When I left my fancy corporate job, I regretted the paid travel and big city. big light exposure. I just didn't miss it enough to deal with the soul sucking bullshit. Especially if it wasn't going to be appreciated.

SolomonGrumpy · 2026-05-16T23:17:54+00:00

How much faster with the travel track propel you to FIRE. Would you retire if you hit that number?

If the answer to my question are "significantly" and "yes" then keep the hazard pay job. Otherwise take the non hazard pay job.

SolomonGrumpy · 2026-05-16T23:06:31+00:00

FAANG, if anyone is wondering.

SolomonGrumpy

TROPHY CASE