Not a cat

Marty almost got arrested by the feds or whacked by the mob or Mexican cartel but fortunately at the last second some miracle happens and they live to launder another day. But in doing so, the seeds of the next catastrophe are planted.

I completed my backdoor Roth for the full 7,000 (I'm an old) on Tuesday. Great timing. Funny thing about psychology, I spent last night lamenting that I got that 7k in right before a sharp drop. Didn't think twice about the far larger amount already in the Roth that was hit by the same downturn. I guess in my mind somehow the funds were different.

If I owned a car dealership, I'd easily have a million dollars. So both at the same time. But Ali, every day and twice on Sunday.

Do you recall gardere as having a rifle in football?

I guess we have Asian Gilbert Gottfried in season 5.

Johnny gently telling Miguel of the new arrangement- your Mom and I are hooking up.

[Mansplaining] Pacing [Mansplaining].

This. I'm already mentally preparing to sell my house in 18 months when the youngest graduates and I'm just stunned at all the stupid shit I own. And this is after renting a 10 cubic yard dumpster 2 years ago and cleaning out the most useless of it. Seems that about 10% of my stuff serves a useful function (clothes, utensils, etc.) or brings me joy (fishing and camping gear). The rest is just a bunch of shit cluttering up my life.

This. I remember I was at Disney animal kingdom and the yeti ride was stuck. You could see passengers at the top of the ride just buckled in and unable to get out. I turned to my kids and said bad news, we aren't riding that thing.

Have you considered investing in timber properties? Virtually a foolproof retirement investment.

4% is certainly conservative but that's the whole point, it's supposed to cover the worst case scenarios and still be "safe". 5 or even 6 percent works in a lot of cases but if you're retiring in 1929, 1968 or 2000 you don't want to be withdrawing above 4%. If you can be flexible and cut expenses or get part time work when the shit hits the fan then it gets easy. In my situation, I hit my own version of a bear market in 2018 when half my portfolio went Thanos on me. No problem, go back to work for a bit and ride it out. Flexibility is key.

It all depends on the income you think you'll need. Good rule of thumb is withdrawing 4% annually adjusted for inflation will suffice for a 30 year retirement and a 3 to 3.5% withdrawal rate will last into perpetuity for a decently balanced 60/40 or so portfolio. So if you need 80k a year, 2MM should do for a 30 year retirement, and 2.5MM for a longer one. If you can get by on 50k a year shit gets fairly easy to reach on a professional income. There's always a chance we hit 1980s Japan in the market or have 70s style inflation, and of course those numbers go out the window. But in those cases I think we're all fucked anyway. The scariest thing is the sequence of return risk. A really shitty bear market in the first year of retirement is just brutal for your prospects. Someone that retired in 2000 might be eating cat food while someone who did in 1999 or 2001 is fine.

In house lawyer for financial services firm.

The best thing that ever happened to me was in 2005 going to work for a regulated financial firm that made it a pain in the ass to own individual stocks. Nothing but stale boring low cost index funds for me since then and it's done wonders for both my psyche and balance sheet.

I retired at 45. Got divorced at 48, which throws a huge wrench in FIRE plans. Fortunately, didn't burn any bridges so was able to get my old job back. Now I'm almost 52, and have a more money just for me than the joint assets I had when I retired the first time. It's really stunning how much a single upper middle class dude can save without even really trying, plus a raging bull market didn't hurt. I could easily retire this second if I really wanted but my youngest is a junior in HS so I figure might as well work another year as it's not like I'm going to be traveling the world until he goes away to college. (Side note, your work conditions really improve when both you and your employer know you don't really need the paycheck). Once he goes to college, I figure I'll rv around the country with my dogs for a while. When that gets boring, I'll hike the Appalachian trail, paddle the Mississippi or something else stupid like that. Or maybe 2 chicks at the same time.

It's almost as if the last 4 years were preparing Sam for this exact moment.

Are you a military family where parameter vs perimeter comes up 40ish times a year? Are your conversations basically did you check the perimeter before coming in, or does that equipment fit the parameters of our mission?

It's so painful watching Michael. It's like watching an 8th grader whose sole frame of reference is watching romantic comedies.

I'm in Bloomington, MN, home of both Oliva and Joey Freshwater. Oliva told some stories where he and some other latin player fresh off the boat were assigned as part of a PR tour to go speak to a group of season ticket holders in BFE Minnesota. A couple of Cubans at the height of the cold war with barely passable English getting lost in rural Minnesota. They'd pull over to ask for directions, someone would recognize them and direct them to their eventual destination.

Just finished this- huzzah.

Good to see Oliva in. I'm no sabremetric guru that can tell you whether or not he's actually deserving from a baseball standpoint, but he's a genuinely good dude. His grandson and my son play on the same baseball team and he'll just sit around and bullshit with anyone about anything, even if you can't understand half of what he says. Yes, I know, cool starry bra.

To be fair, nobody likes their dates stolen.

Easily argue? Based on results, Lincoln is clearly below Wilkinson, stoops, and (spits on ground) Switzer. He's competing with Fairbanks for 4th place.

I don't recall it going down that way or that dickeater was pushed out.

Yeah, I'm a dumbass. Typed USC twice instead of including tOSU. To clarify, UT, OU, ND, Mich, tOSU, USC, bama. The 7 blue bloods, imo.