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Old 02-04-2020 | 01:37 PM
  #31  
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Originally Posted by Aquaticus
The difference in your standard of living at 65 with 3,000,000 +/- 400,000 isn't worth being miserable in all the years leading up to it. .
Based on a 20 year life expectancy at age 65, the difference in your standard of living will be $20,000 a year.

if you are conservative in retirement you will initially only be taking out 4% per year from your $3million so, yeah, that’s potentially the difference between living on $120,000 a year or $140,000 a year. I know which I would prefer.
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Old 02-04-2020 | 06:10 PM
  #32  
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No wife, happy life.
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Old 02-05-2020 | 03:51 AM
  #33  
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Originally Posted by Excargodog
Based on a 20 year life expectancy at age 65, the difference in your standard of living will be $20,000 a year.

if you are conservative in retirement you will initially only be taking out 4% per year from your $3million so, yeah, that’s potentially the difference between living on $120,000 a year or $140,000 a year. I know which I would prefer.
I was using back of the napkin numbers and came up with 16000 less a year at 4% withdraw vs having an unhappy wife... we all should be socking away a lot more than 3 mil as well. Some of our guys are still going to be in some of the highest tax brackets just from MRD's. It ultimately comes down to personal choices but I think if I absolutely had to I could reduce expenditures or make more money to make up for the 16000-20000 a year.
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Old 02-05-2020 | 04:20 AM
  #34  
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Excellent advice. To piggy back, also think about habits and how they change. Will she be content with the amount being spent, or will it grow like a drug habit...
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Old 02-05-2020 | 06:47 AM
  #35  
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Buy the ORD house, make her happy, hang out and wait for the premium pay dinner bell.
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Old 02-05-2020 | 07:39 AM
  #36  
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This isn’t about taxes or wife’s current hotness or kids. This is about a spender being married to a saver. Either one or both of you change your view of spending/saving or both of you will be miserable until the inevitable divorce.
Having tried to change a spender for 15+ years, I can state. It’s near impossible to change a spender so I suggest the OP either divorce or accept living paycheck to paycheck with growing credit card debt because the spending won’t stop at buying the house. And once you’re broke, she’ll likely divorce you anyway- expect that during the next airline downturn.
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Old 02-05-2020 | 02:40 PM
  #37  
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Originally Posted by Andy
This isn’t about taxes or wife’s current hotness or kids. This is about a spender being married to a saver. Either one or both of you change your view of spending/saving or both of you will be miserable until the inevitable divorce.
Having tried to change a spender for 15+ years, I can state. It’s near impossible to change a spender so I suggest the OP either divorce or accept living paycheck to paycheck with growing credit card debt because the spending won’t stop at buying the house. And once you’re broke, she’ll likely divorce you anyway- expect that during the next airline downturn.

Yep. Can’t count how many times I’ve listened to this same tale of woe from middle aged first officers. Danger Will Robinson!!!
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Old 02-05-2020 | 03:01 PM
  #38  
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Originally Posted by BMEP100
Yep. Can’t count how many times I’ve listened to this same tale of woe from middle aged first officers. Danger Will Robinson!!!
Is this right after they tell you about their “girlfriend” in HKG or LIM?
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Old 02-06-2020 | 06:34 AM
  #39  
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Originally Posted by JoePatroni
Is this right after they tell you about their “girlfriend” in HKG or LIM?
That usually comes a few years later, after the divorce.
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Old 02-06-2020 | 12:05 PM
  #40  
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Originally Posted by BMEP100
Yep. Can’t count how many times I’ve listened to this same tale of woe from middle aged first officers. Danger Will Robinson!!!
Same. Hope he got a pre-nup.
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