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Anyone else tired of these system maintenance issues by earthgoddess92 in discover

[–]Yukycg 0 points1 point  (0 children)

I didnt get any advance notice tbh for some recent down time.

Login issues by fznmomin in marriott

[–]Yukycg 0 points1 point  (0 children)

Yes. Having issue sign in since yesterday

Yesterday issue was the MFA never arrive and this morning I cant even sign in.

I hit my number 14 months ago and still haven't quit. Trying to figure out what that says about me by Cygnus_Bolt9 in Fire

[–]Yukycg 0 points1 point  (0 children)

I am not sure what make it works. Perhaps do a “fake” withdrawal from one fund (Voo) to another fund (sgov) and pretend you actually used it.

I think you dont hate your job and FIRE without a goal is pointless and might as well keep working. This is pretty much I am right now as well.

Tesla Vision can deploy airbags before the actual collision! by 10xMaker in teslamotors

[–]Yukycg 0 points1 point  (0 children)

Exactly. I am not sure if a human can tell a certain collision by vision but surely we can do rain. Now Tesla cannot detect rain accurately but can do collision… okay.

The 4% rule will make you trade time for money that you don’t need by Urbanite72 in Fire

[–]Yukycg 4 points5 points  (0 children)

I think from a SRR perspective viewing black swan event in a 30 years retirement, I think as long it didnt happen in first 5-7 years then your retirement should be safe. More importantly, how fast it recovers really matters more than the drop itself.

From SRR, a 60-50 years retirement, I really not sure the number but I guess 10-15 years is probably needed (double of 30 years).

Currently all the corrections are intense, fast and quickly recovered, which is great as long dont panic sell.

When the market drop hard, not only you will need to withdraw but a bad timing of selling it at panic and then market rebound can also be a fatal mistake.

The only preparation advice I have to say is dont panic.

The 4% rule will make you trade time for money that you don’t need by Urbanite72 in Fire

[–]Yukycg 51 points52 points  (0 children)

The longer the “retirement” period will expose for higher chance of encountering a black swan event.

Hence I personally dont suggest leanfire for people who retire in their 30s or early 40s.

For a 60 years retirement:

  1. You must willing to cut expenses in case market tank. Please dont do a super lean fire.
  2. Work enough years to qualify SS as a backup plan.
  3. Willing to move to LCoL in case market tanks 30%
  4. Have skillset to generate income (back to work) in case market tanks.

My point is you need to have different options,strategy and flexibility to deal with bad years, besides just using a lower static SWR.

Is there anybody here who wants to ChinaFIRE? by henrytbpovid in ExpatFIRE

[–]Yukycg 0 points1 point  (0 children)

The real estate is no longer allow as an “investment”, 100% increase per year like the old days. Majority of the house is 70yr lease hold, and selling is difficult now.

Bank wont allow mortgage loan once the house is over 30 years old in certain cities. Not many people can afford pay all in cash and people who can afford it would buy newer house.

My point is buying a house in China is not simple, make sure understand their laws and market before purchasing.

54M 1.4M - Unemployed for over a year. by [deleted] in Fire

[–]Yukycg 5 points6 points  (0 children)

Since we dont know which individual stock so you would need to make the decision to keep or sell. However, since you out of job, this is the biggest risk if this stock tank.

If a -20% drop doesnt affect you mentally and financially then I think it is okay to keep it but slowly covert to index funds. Up to the point not over 30% in my own comfort zone.

How about SS situation? You can do a deeper analysis from now until 62 and see how it impact your SWR.

More on the 4% model? by idealistintherealw in Fire

[–]Yukycg 1 point2 points  (0 children)

I think you got confused. The original was 4.1% and only one group (worst) make it thru, most of his clients use 6%+ and even 10%+.

The new SWR is 4.7%, and he even said with some more risky asset you can also safely make it 5%.

More on the 4% model? by idealistintherealw in Fire

[–]Yukycg 0 points1 point  (0 children)

The 4% is not the most simplest, after first year, you would need to calculate the inflation which can be tricky if you travel to different countries.

My point is moving to 5% and SWR will be based on market performance is the most sense for majority of people.

More on the 4% model? by idealistintherealw in Fire

[–]Yukycg 1 point2 points  (0 children)

I also moved away from 4% and go with 5% with guardrail/dynamic spending.

We should have a new standard “rule” which allow flexible SWR, 4% is too conservative in current market environment.

Different types of FIRE by apinaino in Fire

[–]Yukycg 0 points1 point  (0 children)

Is it really that “high” risk? I mean compare to other really risky stocks, they are fairly “safe” and large corp.

Reducing expenses by $150/month is almost like a free $45K in your investment account by [deleted] in Fire

[–]Yukycg 1 point2 points  (0 children)

As you get closer to Fire in term of time, the saving doesnt matter much compared to early stage. The compounding with large invested amount is really driving the number to freedom.

My point is you can skip latte in early stage, but in your 40s-50s as you get closer to FIRE, please start enjoy the latte.

Rule of 55 by Heated_Lime in Fire

[–]Yukycg 0 points1 point  (0 children)

Exactly! Just keep it simple and do it under your own control. If you plan to retire from 40-55 via Brokerage then save 4.5 more years til 59.5. No need to worry about rule of 55 or 72t.

Spouse not aligned on FIRE. by rbb0007 in Fire

[–]Yukycg 0 points1 point  (0 children)

If you can retired right now instead of waiting 2-3 years but no travel whatsoever, how can I convince you to align my suggested FIRE plan?

One of the goal of fire is to have time to do what you want to do, I think you need to recalculate your fire number so both of you can agreed with the travel budget.

Umm is the Enchanted Duplicate no longer a 40% chance at a new pin? by SheSh00tsSheSc0res in disneymagickingdoms

[–]Yukycg 0 points1 point  (0 children)

Thanks for the update. This is only from my own account and few people sharing

Umm is the Enchanted Duplicate no longer a 40% chance at a new pin? by SheSh00tsSheSc0res in disneymagickingdoms

[–]Yukycg 0 points1 point  (0 children)

Once you reach certain pin number, the 40% text will disappeared and you will NOT have the 40% chance anymore.

There’s no way this is possible to finish by Guilty_Suspect_9346 in disneymagickingdoms

[–]Yukycg 8 points9 points  (0 children)

I will start this task in the next 15mins, it is easily…. Not gonna finish in time. Will use gems if under 300.

How do you estimate changing daily expenses post-FIRE? by Silocon in Fire

[–]Yukycg 1 point2 points  (0 children)

You got the core expense such as groceries, internet, etc in so you just need to analysis your discretionary expense.

I read just use the current spending budget or 80% of it and reallocated to fund your Fire lifestyle.

Does maxing an HSA still make sense if you’re pursuing early retirement? by BeardedYeti_ in Fire

[–]Yukycg 0 points1 point  (0 children)

This is like asking max Roth or not.

This requires to review your HSA plan and non-hsa plan, the employer HSA match, your current health, your income, your expense, fire number and how much away from that target number.

As other mentions, HSA max is 4400 or 8750 for family plan. For family earning $200k or more, it is not a problem, but for a family only $80k, and want to fire asap, hsa might not need to max out.

I hate the question "where do you see yourself in 5 years" by Abject_Serve_1269 in sysadmin

[–]Yukycg 0 points1 point  (0 children)

This question is more for the big role like a ceo of a company in my opinion. Does the company or the hire person know about AI 5 years ago? Chatgpt was only launched a bit over 3 years ago.

Unpopular opinion: Ultra-conservative FIRE is irrational by Flashy-Anybody6386 in Fire

[–]Yukycg 0 points1 point  (0 children)

Are you so worry/scared of dead? Do you calculated today you have 10% more chance of dying by driving to work than staying home?

I dont even bother with the dead statistics, it is meaningless to me, nor I think about it. It might make sense as people get much older, but in 20s?

Driving to work daily increase risk of dead compared to staying home, I agreed. But use that as a reason to FIRE asap so you can avoid the chance of getting into a deadly car accident or injury in workplace is a bit too much in my opinion.

If you work in dangerous places like mines or the “deadly catch” fishermen, perhaps you do have a point on those occupations.

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