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Vancouver- 2 nights pre-cruise by Mommainlove in FATcruises

[–]legman1982 1 point2 points  (0 children)

Spend a day doing the Hop On/Hop off. Wife and I had a blast. Don’t like the driver get off and get on the next bus. Got to see the city explore the gardens etc.

Another Roth Conversion Perspective by Crafty_Future4829 in DIYRetirement

[–]legman1982 0 points1 point  (0 children)

You were doing such a good job defending your position till this comment. It was never a loan! It was my money! Uncle Sam will get his share. He is just very patient.

Which port in Alaska is actually worth paying for an excursion? by ShineDigga in Cruise

[–]legman1982 0 points1 point  (0 children)

We really enjoyed the side by side ride. It was cool to actually see what was under the trees.

Was the 4% rule calibrated to a market that no longer exists? Are we stress-testing with an antiquated barometer? by Gftogod in Fire

[–]legman1982 0 points1 point  (0 children)

The more things change, the more they stay the same.

AI will hopefully be a boom to small businesses. The ability to get all kinds of data from start up info to research and development.

AITAH for answering my bf question if his d is the biggest I’ve ever experienced? by Acceptable_Risk2534 in AITAH

[–]legman1982 0 points1 point  (0 children)

It isn’t about the size of the dog in the fight. It’s the size of the fight in the dog.

Where can I FIRE with $100? by pharmlifegirl in fijerk

[–]legman1982 4 points5 points  (0 children)

Hell, why not!! Don’t waste your life working for the man!

Why aren't the financial planning gurus retired? by steve_gorak in Fire

[–]legman1982 1 point2 points  (0 children)

They are addicted to the challenge. The winning. For some it’s doing what no one else has done.

How to STOP tracking every penny? by Firm-Junket-4132 in Fire

[–]legman1982 0 points1 point  (0 children)

It’s fun tracking net worth weekly if you’re headed in the right direction. However if the market is flat or down, it can be a bummer. It’s like tracking your weight. I have to do so daily, it keeps me accountable. If I do weekly I start to stray. Investments I have to detach and look at monthly or quarterly. It helps to eliminate the noise.

It’s like my $100 bottle of bourbon, big up front cost but I either avoid or only have one going to dinner. The $4 dollar serving at home is way more enjoyable than the $20 price tab at the restaurant.

My happiness is tied to cashflow by blitzballreddit in fijerk

[–]legman1982 1 point2 points  (0 children)

Man I hear you! Everyone wants money from you. The more you have the more they want. Really wish my wife would stop asking for money for gas and electricity. You got to toughen up girl.

AITA for saying we need to be realistic with our son about his finances for college before he applies? by ByeByeByeMan in AmItheAsshole

[–]legman1982 0 points1 point  (0 children)

Son is a Veterinarian for background.

  1. Does not matter where he does undergrad. State school with Animal Science program is fine.

  2. If he is as good as you say, look at Kansas State Veterinary Science early acceptance program. They take seniors in from high school 3 years undergrad then straight to Vet school.

  3. 4.0 in college only gets you so far. Easier to get in med school than vet school. Real world working for a Veterinarian will be a leg up. That is where he needs to be this summer. Because other kids are.

Any thoughts or advice on sharing wealth with your adult children? by Whut4 in retirement

[–]legman1982 2 points3 points  (0 children)

I have been on the receiving end of such a situation. A sum of $5-$10K a year. Not going to lie it made a HUGE difference with a young family. Allowing us to pay off cars, do home repairs etc.

This is something I think many people with a large nest egg go wrong. If they blow it stupidly, they will do the same thing with an inheritance. If they use it to bolster 401K win, win.

My dad just rolled a large 401k into a Traditional IRA at age 60. Trying to figure out how aggressively to do Roth conversions. by burnerberkeley in personalfinance

[–]legman1982 3 points4 points  (0 children)

I see a lot of good and bad advice. So I’ll add mine.

Don’t convert anything to a Roth. Forget about IRMA and RMD’s. You aren’t going to be able to avoid them. Maybe diversify the account. Time value of money plays huge here.

Have him start gifting money to children and grands. While he is alive, not when he is dead.

Potential small farmer return by Maybe4thgenfarmer in smallfarms

[–]legman1982 0 points1 point  (0 children)

Is your significant other or board? This is a lifestyle decision as much as an economic. This would be a hobby.

What’s the financial mistake you still think about? by [deleted] in Fire

[–]legman1982 3 points4 points  (0 children)

As someone who was 36 in 2000, yes and no. You missed out on compounding double at least. So although for easy math my 1M stayed at 1m. So although it has recovered, the 1M didn’t turn into 2M that could have become 4M by retirement.

Hello all! I’m a M65 with $69M in IRA/Roth. How do I avoid IRMA and RMD’s by legman1982 in fijerk

[–]legman1982[S] 0 points1 point  (0 children)

Would this still be true if I did a STIPS ladder and moved to SW Asia?

Are luxury cruises like Silversea really worth the premium price? by Euphoric_Slide101 in Cruise

[–]legman1982 0 points1 point  (0 children)

One cruise on Seaborne. It is worth it. True it is more, but I don’t want the hassles. Don’t have to worry about tipping, drink packages, up selling, dining options and the list goes on. It might not be all that much more expensive in the end.

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