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gpburdell
| Favorite team: | Georgia Tech  |
| Location: | ATL |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 1614 |
| Registered on: | 6/3/2015 |
| Online Status: | Not Online |
Recent Posts
Message
quote:
So are they abandoning the live action show? They don't seem to care much about it even though it's a big hit.
Nope; season 3 is currently in production. I think they are remaking the anime to be a more streamlined version. The anime has over 1100 episodes and is still going.
I'm actually glad for this new adaptation as I want to watch the anime but it felt too daunting. While I enjoy the live action, I'm sure alot of things get left out. So this new show is hopefully a good middle ground.
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quote:
quote:
You can withdraw ~$100K of growth annually without paying a dime of taxes FWIW
Explain please.
There are different ways to do it as MFJ. I've seen it discussed on Bogleheads before. Usually takes a combination of strategies.
This is a recent video talks about ways to do it:
https://www.youtube.com/watch?v=9qW6x5oePcc&
re: Vegas Hotel Recs for Sphere Concert
Posted by gpburdell on 6/22/26 at 6:55 pm to CapitalTiger
Using Uber/Lyft to get to & from Sphere is a breeze now. It wasn't though when it first opened; I've been to Sphere twice. So staying at a close hotel isn't needed unless you want to walk.
Fwiw, I will be there next week and will see Illenium at Sphere. Will be staying at Cosmo.
Fwiw, I will be there next week and will see Illenium at Sphere. Will be staying at Cosmo.
re: Retirement discussion that I never thought I’d have.
Posted by gpburdell on 6/22/26 at 1:36 pm to Everyday Is Saturday
quote:
Exactly how we planned it!
Nest egg cash flow well covers essential expenses (including housing), in addition to having funds available to pay mortgage off (even though that is highly unlikely).
And, not or, you always have the option to pay it off at will (if ‘peace of mind’ value from being debt free ever shifts to become THE most important).
Suspect you and I are not on the Dave Ramsey Christmas card list (re use of cheap mortgage debt).
I went one step further. I took about 30% of my portfolio and built a TIPS ladder which will cover my basic/essential expenses until I start SS.
With that TIPS ladder, no matter what happens with the stock market my ability to retire is no longer in question. This is my solution to SORR. I still remember the crash of 2008 and that so many people had to delay their retirements for years. I'm at the finish line and don't want to fall victim to SORR.
Yeah Ramsey is good for people who can't live below their means and get out of debt. From an investing perspective, he's a hack.
re: Retirement discussion that I never thought I’d have.
Posted by gpburdell on 6/22/26 at 12:25 pm to TorchtheFlyingTiger
quote:
"superhero account" that's a new term for me. Apparently just cheesy slang for taxable brokerage?
Yeah I've seen that term used by some of the financial bloggers I've watched on YT the past year.
I think it's because many people don't realize how powerful a taxable brokerage account can be (i.e. 0% LT capital gains rate) especially if retiring before 59.5.
The few friends that i discuss finances/investing with have sizable trad 401k/ira, roth ira and hsa. However I don't believe any of them have built up a sizable taxable account. About 20% my portfolio is in my taxable account.
re: Retirement discussion that I never thought I’d have.
Posted by gpburdell on 6/22/26 at 11:20 am to Everyday Is Saturday
quote:
I’m retired with a 2.8% mortgage. Have multiple funds that could pay it off tomorrow, but giving up 9-12% after tax returns and positive spread over mortgage rate goes against my financial DNA. I will have that mortgage until I am a ghost.
Using other people’s money for positive spread is a big reason why retiring early was possible.
Peace of mind of financial freedom >
Peace of mind of ‘no debt of any kind’.
This. Turned 50 this year and planning to retire in a few years. I've got 25 years left on a 400k mortgage at 2.25%. I could pay this off now as well but why would I. When I retire, I have already accounted for the mortgage payment as part of my basic expenses I will have.
I already consider the mortgage payment cheap and it's just getting relatively cheaper every year due to inflation. In 10+ years, I will be laughing at how crazy cheap that mortgage payment is.
quote:
It's live action for some reason. They could have animated it and saved money by letting Jeff Hays voice every character. Now we will get one season every five years before it is abruptly canceled for costing too much.
While I'd be fine with animation, it just doesn't get massive viewers usually excluding Disney/Pixar. Look at Arcane, probably the GOAT of animated series and never went mainstream.
Brandon Sanderson has discussed this on his podcast for his properties saying the above. Many people thought it would be a good idea for Stormlight Archive to be animated. However it will be a live action tv series as well on Apple TV.
Another vote for Aruba. Stayed there for a few days this past Memorial Day. It was great and would definitely go back. Very safe; it's part of the Kingdom of the Netherlands.
It's definitely not "exotic". However being only a 4 hr flight from ATL makes it a good option if you are on the east coast.
It's definitely not "exotic". However being only a 4 hr flight from ATL makes it a good option if you are on the east coast.
I did it once in a low income year when I took a year off when my dad got sick. I think I converted an amount into the 12% bracket or whatever that second bracket was at the time. Btw that conversion also allowed me to get ACA insurance as it counted as income for eligibility.
I plan to do roth conversions when I retire in a few years but I haven't done any modeling to figure out how much etc. Just like before, the side benefit of doing roth conversions will help me be eligible for ACA until I can get on Medicare. That could be 8-10 years depending on when I retire.
It will be a balancing act of roth conversions, dividends/interest & capital gains and keeping ACA premiums reasonable.
I plan to do roth conversions when I retire in a few years but I haven't done any modeling to figure out how much etc. Just like before, the side benefit of doing roth conversions will help me be eligible for ACA until I can get on Medicare. That could be 8-10 years depending on when I retire.
It will be a balancing act of roth conversions, dividends/interest & capital gains and keeping ACA premiums reasonable.
quote:
E.g., Juxtapose the 4.7% contention with that which, according to the Federal Reserve's 2022 survey, insists nearly 20% of US households are worth at least $1 Million.
Many of those millionaires are due to house equity. If we're talking "liquid millionaires" (stocks/bonds/cash) then there is only 1-2% of individuals who meet that criteria in the US.
re: Basic math of Roth vs Traditional many get wrong
Posted by gpburdell on 5/22/26 at 10:47 am to TorchtheFlyingTiger
quote:
Assuming exact same contribution is cheating. To be accurate, you start both scenarios with an equal amount of $ available to invest. Then account for up front taxes on Roth (lower net contribution) versus 100% going into traditional but account for taxes on back end.
I agree with you. You have to account for the upfront taxes paid which decrease your total amount of $ you can invest. Now the other way to look at it is have both 401ks types invest the the same amount. However, you take the income tax savings from the trad 401k & invest that in a taxable account.
Imo that combination of trad 401k & taxable account is a better way to go (along with roth ira & hsa). Then you still have the option to do Roth conversions with the trad 401k at a low tax rate in the future to further optimize.
re: Retirement at 55 questions
Posted by gpburdell on 5/18/26 at 1:11 pm to TorchtheFlyingTiger
quote:
Up side for those of us carrying mortgage into retirement is P&I is a fixed expense not requiring inflation adjustments so housing becomes a diminishing portion of inflation adjusted expenses over the years. So, withdrawals may not need to be increased quite as much as inflation annually.
Agreed. When I start retirement, all of my basic expenses will be covered by a TIPS ladder. This includes my mortgage payment which is a fixed & nominal expense as you mentioned. Since TIPS provide a real (inflation adjusted) income each year, that diminishing becomes more significant each year.
re: Retirement at 55 questions
Posted by gpburdell on 5/18/26 at 12:15 pm to deuceiswild
Some comments:
-$140k would be a 6% withdraw rate which is pretty aggressive imo. Though if you're planning for less than 30 yr retirement then maybe it's fine. I personally would go with a variable strategy like VPW which is what I will do. https://www.bogleheads.org/wiki/Variable_percentage_withdrawal
-There are ways to access 401k before 59.5: https://www.madfientist.com/how-to-access-retirement-funds-early/
-Fyi rule of 55 applies to all 401k plans as it's an IRS rule. Just be aware that not all 401k plans allow partial distributions which is what you want. Verify that's allowed under your 401k plan.
-For health insurance, many early retirees go with ACA. Though it can be expensive if you aren't able to control your taxable income. If your taxable income is too high then you get no premium subsidy. You can check what an ACA plan would cost you here: https://www.healthcare.gov/apply-and-enroll/health-insurance-plans-estimator-overview/
-I assume that you can get private health insurance still that isn't ACA. However ACA plans guarantee that pre-existing conditions are covered and have out of pocket limits. Non ACA plans may or may not offer that.
-I would not pay off a 3.75% mortgage. Just include the mortgage payment as part of your monthly retirement expenses. I have a 2.25% mortgage for another 25 years and I'm looking to retire in 5 years. No way I'm paying that off early. That payment just gets relatively cheaper with inflation each year.
-$140k would be a 6% withdraw rate which is pretty aggressive imo. Though if you're planning for less than 30 yr retirement then maybe it's fine. I personally would go with a variable strategy like VPW which is what I will do. https://www.bogleheads.org/wiki/Variable_percentage_withdrawal
-There are ways to access 401k before 59.5: https://www.madfientist.com/how-to-access-retirement-funds-early/
-Fyi rule of 55 applies to all 401k plans as it's an IRS rule. Just be aware that not all 401k plans allow partial distributions which is what you want. Verify that's allowed under your 401k plan.
-For health insurance, many early retirees go with ACA. Though it can be expensive if you aren't able to control your taxable income. If your taxable income is too high then you get no premium subsidy. You can check what an ACA plan would cost you here: https://www.healthcare.gov/apply-and-enroll/health-insurance-plans-estimator-overview/
-I assume that you can get private health insurance still that isn't ACA. However ACA plans guarantee that pre-existing conditions are covered and have out of pocket limits. Non ACA plans may or may not offer that.
-I would not pay off a 3.75% mortgage. Just include the mortgage payment as part of your monthly retirement expenses. I have a 2.25% mortgage for another 25 years and I'm looking to retire in 5 years. No way I'm paying that off early. That payment just gets relatively cheaper with inflation each year.
re: Basic math of Roth vs Traditional many get wrong
Posted by gpburdell on 5/17/26 at 8:24 pm to TorchtheFlyingTiger
quote:
Thanks for sharing, this visualizer is great.
Yeah I bookmarked it the first time I saw it as it's really useful.
Fyi if you didn't notice, there are two chart options. It defaults to the block one but I much prefer the flow one; just click on the Flows tab to switch.
quote:
Correct. There is a strategy for this. You really need three different retirement vehicles to draw from. I realize for a lot of folks this isn’t an option but if you have a 401k, Roth, and HSA for example you are going to be able to have a huge advantage when it comes to to withdrawal strategies.
Don't forget taxable account and 0% capital gain tax rate.
A single person with no regular income with $65k in capital gains & std deduction would pay 0% in taxes. A MFJ couple would pay no tax on $131k of capital gains.
I like this this site which lets you see how taxes between income & capital gains affect each other:
https://engaging-data.com/tax-brackets/
re: Basic math of Roth vs Traditional many get wrong
Posted by gpburdell on 5/16/26 at 10:33 pm to fallguy_1978
quote:
I have a pretty decent mixture of both, pre-tax and post-tax accounts. I figure in retirement there might be advantages to being able to withdraw from whichever one I want.
Same. My portfolio is split between pre-tax (54%), taxable (17%) and tax free (29%).
I will have options to control my taxable income when I retire.
If island hopping, I'd probably want a minimum of 10 days not counting travel days.
I've been to Maui twice and even staying a week (incl travel days) felt short for just 1 island. Coming from the east coast is brutal and basically the first day will be lost to travel.
I've been to Maui twice and even staying a week (incl travel days) felt short for just 1 island. Coming from the east coast is brutal and basically the first day will be lost to travel.
re: Retirement Portfolio Allocation - When to factor Pension as bond?
Posted by gpburdell on 5/15/26 at 1:57 pm to Everyday Is Saturday
First I'd figure out how much income you want in retirement. Lets say you want $100k/yr.
Then lets assume your pension is $50k/yr, then I'd structure the rest of your portfolio to provide $50k/yr once the pension starts. If you will get soc security, you can reduce that even further.
I don't get a pension but I've built a TIPS ladder which will provide yearly income like a pension until I start soc security.
I just exclude the TIPS bonds I have from the rest of my "risk portfolio" when it comes to stock-bond allocation.
Then lets assume your pension is $50k/yr, then I'd structure the rest of your portfolio to provide $50k/yr once the pension starts. If you will get soc security, you can reduce that even further.
I don't get a pension but I've built a TIPS ladder which will provide yearly income like a pension until I start soc security.
I just exclude the TIPS bonds I have from the rest of my "risk portfolio" when it comes to stock-bond allocation.
re: Can a person retire at 55 with 750k potfolio?
Posted by gpburdell on 4/27/26 at 12:15 pm to Everyday Is Saturday
quote:
You turn 55yo in the year you retire and applies to withdrawals only from the company’s 401k from which you are retiring (and its 401k must allow these early withdrawals)
The only thing the company can control is whether you can make partial distributions (i.e. multiple) or you have to take a single distribution for the balance which basically closes the account.
Either way IRS rule of 55 applies to both distribution scenarios above.
For most people rule of 55 only makes sense if the 401k plans allows the partial distributions.
re: Can a person retire at 55 with 750k potfolio?
Posted by gpburdell on 4/25/26 at 3:31 pm to TorchtheFlyingTiger
quote:
If you are planning to use Rule of 55, check that employer 401k allows it.
Rule of 55 has nothing to do with employers. it's a rule that mitigates the early withdrawal penalty from 401k plan before 59.5. So it applies to all 401k plans.
What is up to each 401k plan is if it allows partial distributions. If a plan doesn't allow partial distributions, then you'd have to take a single distribution for the balance of your account. Which is what most people don't want to do when using rule of 55.
Another vote for Travelpro
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