On 12/23/2024 4:23 PM, -hh wrote:
On 12/23/24 9:12 AM, Tom Elam wrote:
On 12/21/2024 4:10 PM, Alan wrote:
...
Are you still whining, Liarboy?
And I'm not 67.
I'll check my numbers. Left Malvern Collegiate Institute (grade 9-12
high school) in 1980, likely at age 18 unless you failed a grade or
two. Highly unlikely you ever skipped a grade. 1980-18=1962.
2024-1962=62, or so. Could be 63, depending on details. Closer?
https://schoolweb.tdsb.on.ca/malvernci/About-Us
I'll amend my remark.
"Bottom line? No wonder 62-ish year old not-retired ...
Interesting dig attempt from one who worked for more than a decade
longer: just how old were you when you finally hung it up? 75? 76?
Very unlikely he can afford much of an upgrade."
Interesting dig attempt from one who definitely knows that one of his
hobbies is running a dedicated race car (or two).
...
In the borrowed CAP again, most likely.
...
Seems like someone forgot about skiing as another pastime. /s
I don't borrow CAP aircraft. I am privileged to fly missions authorized
and funded by USAF. Today it was demo flights for 2 high school students
with aviation career interests. That is most of my flying these days.
I don't think Alan has mentioned skiing in a long time...
Forgot, I was already pretty well off in 2002. But the opportunity
to make $200-300 an hour and be my own boss was very tempting.
By 55, 2001, 22 years later, I was at $2.5 million....[/quote]
And by 56, it dropped to $1M as your life choices caught up with you.
... I was very much part-time, and were were able to travel
on our schedule and I was able to pursue my flying avocation.
The 401k that came out of that has enabled a VERY comfortable
retirement.
My last major project started in late 2018, but took to 2020 once itstarted.
I have not accepted another since, and several were offered.
In 2018 I turned 72 and the RMD money started to flow in. It
was always my intention to scale way back once the 401K kicked in.
As I stated were a now VERY comfortable, even to the point of
re-investing considerable RMD and investment earnings. It's
been a great ride.
Oh, and by the way, if you want to fly a CAP airplane on a mission
not USAF-assigned you can rent one for a few hours...CAP 182 is
currently about $150/hour compared to $178 for the club 182 I rented
last week.
And one more point. By working into my 70's I was not in
the denominator of the dependency ratio for ...
... and extra 15 years or so after I retired from my full time job.
One solution to dependency ratio declines is to increase retirement
age for more of us.
On 12/23/2024 4:23 PM, -hh wrote:
On 12/23/24 9:12 AM, Tom Elam wrote:
On 12/21/2024 4:10 PM, Alan wrote:
...
Are you still whining, Liarboy?
And I'm not 67.
I'll check my numbers. Left Malvern Collegiate Institute (grade 9-12
high school) in 1980, likely at age 18 unless you failed a grade or
two. Highly unlikely you ever skipped a grade. 1980-18=1962.
2024-1962=62, or so. Could be 63, depending on details. Closer?
https://schoolweb.tdsb.on.ca/malvernci/About-Us
I'll amend my remark.
"Bottom line? No wonder 62-ish year old not-retired ...
Interesting dig attempt from one who worked for more than a decade
longer: just how old were you when you finally hung it up? 75? 76?
Very unlikely he can afford much of an upgrade."
Interesting dig attempt from one who definitely knows that one of his
hobbies is running a dedicated race car (or two).
> Actually, that is now even worse. Still working and stuck in a 500
sq ft
condo that is smaller than my kitchen, family room and one bathroom.
Heck, your "home" is not much larger than my garage. One thing for
sure, you don't suffer from claustrophobia.
How big is one's bedroom once our eyes are closed? /s
Got to go now, I need to prep for some flying today.
In the borrowed CAP again, most likely.
I passed an IFR checkout yesterday too! Then in a few days we leave
for 2 weeks at sea and a few interesting port stops. When are you
driving a race car again, or going to a warm spot on a winter break?
Seems like someone forgot about skiing as another pastime. /s
-hh
And one more point. By working into my 70's I was not in the denominator
of the dependency ratio for and extra 15 years or so after I retired
from my full time job. One solution to dependency ratio declines is to increase retirement age for more of us.
On 12/24/2024 4:17 PM, -hh wrote:
On 12/23/24 7:20 PM, Tom Elam wrote the first of four posts (merged
herein):
On 12/23/2024 4:23 PM, -hh wrote:
On 12/23/24 9:12 AM, Tom Elam wrote:
On 12/21/2024 4:10 PM, Alan wrote:
...
Are you still whining, Liarboy?
And I'm not 67.
I'll check my numbers. Left Malvern Collegiate Institute (grade
9-12 high school) in 1980, likely at age 18 unless you failed a
grade or two. Highly unlikely you ever skipped a grade.
1980-18=1962. 2024-1962=62, or so. Could be 63, depending on
details. Closer?
https://schoolweb.tdsb.on.ca/malvernci/About-Us
I'll amend my remark.
"Bottom line? No wonder 62-ish year old not-retired ...
Interesting dig attempt from one who worked for more than a decade
longer: just how old were you when you finally hung it up? 75? 76? >>>>
Very unlikely he can afford much of an upgrade."
Interesting dig attempt from one who definitely knows that one of
his hobbies is running a dedicated race car (or two).
Odd how with four replies, Tommy missed the first point.
...
In the borrowed CAP again, most likely.
...
Seems like someone forgot about skiing as another pastime. /s
I don't borrow CAP aircraft. I am privileged to fly missions
authorized and funded by USAF. Today it was demo flights for 2 high
school students with aviation career interests. That is most of my
flying these days.
Minor details to the point which was that your out of pocket expense
was essentially zero, making the hobby be quite cheap.
I don't think Alan has mentioned skiing in a long time...
So? When did Absence of Evidence flip to become Evidence of Absence?
-----
Forgot, I was already pretty well off in 2002. But the opportunity
to make $200-300 an hour and be my own boss was very tempting.
Quite an interesting spin on that history, because from the 2016
archives:
[quote]
By 55, 2001, 22 years later, I was at $2.5 million....[/quote]
And by 56, it dropped to $1M as your life choices caught up with you.
... I was very much part-time, and were were able to travel
on our schedule and I was able to pursue my flying avocation.
The 401k that came out of that has enabled a VERY comfortable
retirement.
Of course consulting can be more schedule-flexible by its nature,
although fewer hours needs to be queried if that's by hours booked, or
actually worked, since Tommy has said that he typically worked more
hours than he booked. Finally, 'comfortable' is made easier when one
defers for a decade later than average retirement age.
My last major project started in late 2018, but took to 2020 onceit started.
But the question was when you retired: that statement only makes it
clear that as of 2020 (age 72+2=74), you were still taking on new work.
I have not accepted another since, and several were offered.
In 2018 I turned 72 and the RMD money started to flow in. It
was always my intention to scale way back once the 401K kicked in.
As I stated were a now VERY comfortable, even to the point of
re-investing considerable RMD and investment earnings. It's
been a great ride.
Yet envision having as good of a ride while retiring ten years
younger. Something along those lines is still a possibility for Alan,
et al.
-----
Oh, and by the way, if you want to fly a CAP airplane on a mission
not USAF-assigned you can rent one for a few hours...CAP 182 is
currently about $150/hour compared to $178 for the club 182 I rented
last week.
So instead of free, a mere 15% discount for local joyriding.
-----
And one more point. By working into my 70's I was not in
the denominator of the dependency ratio for ...
So what? Individual decisions like this invariably are self-serving,
so its not like you were being highly altruistic and didn't claim SS
to avoid being a burden on society, particularly in light of your
'VERY comfortable' 401k, as you you were quite aggressive in maxing
that out, which served to lower your reportable income & lowered SS
taxes paid.
... and extra 15 years or so after I retired from my full time job.
An 'extra' interesting euphemism for being caught in an office purge
in your 50s, and losing more than half of your net worth in a divorce.
One solution to dependency ratio declines is to increase retirement
age for more of us.
Pretty much the worst solution, as non-whitecollar workers pay with
their bodies and have difficulties getting even to age 62 without
deliberating injuries & loss of income. Consider instead liberalizing
immigration policy and providing affordable childcare, as both are
less injurious & expand in the younger prime working age (25-55)
workforce.
-hh
Incredible how you can find a cloud in any silver lining!
How much did I work in 2019-2024? I have the billing records!
2019 330 hours - the year the opinion was done
2020 44 hours - followup and depositions
2021 0 hours
2022 20 hours - reply to plaintiff challenges
2023 4 hours - testimony prep for a trial that never happened
A 15% discount is a long way from "borrowing". CAP flying is far from
free for me. I have also held numerous staff positions that take up time
and effort. My current position is coordinating pilot and squadron
resources for our Cadet O-Flight mission. Measured by aviation activity
it's the most important aviation activity in the wing. I just took that
on as of 1 October. So far this fiscal year activity is up by 45% versus FY23. FY24 flying hours are 200.4. My hours? 32. My admin hours? A lot
more than that. Is it fun? Yes. Why is that a problem for you?
Since maxing out my 401k along with 2 IRA accounts established when I
retired I have paid state and federal income tax on over $500,000 in
RMDs.
Yes I saved taxes to accumulate the wealth, but not in paying it
back. That's just how in works.
"deliberating" injuries? Was that a typo?
You euphemism is a debasement of someone who had a plan, a major
derailment, then more than recovered all on his own and through hard
work that was rewarding in every sense of the word.
You could learn a few things about a rewarding retirement.
On 12/27/2024 9:20 PM, -hh wrote:
On 12/27/24 5:59 PM, Tom Elam wrote:
On 12/24/2024 4:17 PM, -hh wrote:
On 12/23/24 7:20 PM, Tom Elam wrote the first of four posts (merged
herein):
On 12/23/2024 4:23 PM, -hh wrote:
On 12/23/24 9:12 AM, Tom Elam wrote:
On 12/21/2024 4:10 PM, Alan wrote:
...
Are you still whining, Liarboy?
And I'm not 67.
I'll check my numbers. Left Malvern Collegiate Institute (grade
9-12 high school) in 1980, likely at age 18 unless you failed a
grade or two. Highly unlikely you ever skipped a grade.
1980-18=1962. 2024-1962=62, or so. Could be 63, depending on
details. Closer?
https://schoolweb.tdsb.on.ca/malvernci/About-Us
I'll amend my remark.
"Bottom line? No wonder 62-ish year old not-retired ...
Interesting dig attempt from one who worked for more than a decade >>>>>> longer: just how old were you when you finally hung it up? 75? 76? >>>>>>
Very unlikely he can afford much of an upgrade."
Interesting dig attempt from one who definitely knows that one of
his hobbies is running a dedicated race car (or two).
Odd how with four replies, Tommy missed the first point.
...
In the borrowed CAP again, most likely.
...
Seems like someone forgot about skiing as another pastime. /s
I don't borrow CAP aircraft. I am privileged to fly missions
authorized and funded by USAF. Today it was demo flights for 2 high
school students with aviation career interests. That is most of my
flying these days.
Minor details to the point which was that your out of pocket expense
was essentially zero, making the hobby be quite cheap.
I don't think Alan has mentioned skiing in a long time...
So? When did Absence of Evidence flip to become Evidence of Absence? >>>>
-----
Forgot, I was already pretty well off in 2002. But the opportunity >>>> > to make $200-300 an hour and be my own boss was very tempting.
Quite an interesting spin on that history, because from the 2016
archives:
[quote]
By 55, 2001, 22 years later, I was at $2.5 million....you.
And by 56, it dropped to $1M as your life choices caught up with
[/quote]
... I was very much part-time, and were were able to travel
on our schedule and I was able to pursue my flying avocation.
The 401k that came out of that has enabled a VERY comfortable
retirement.
Of course consulting can be more schedule-flexible by its nature,
although fewer hours needs to be queried if that's by hours booked,
or actually worked, since Tommy has said that he typically worked
more hours than he booked. Finally, 'comfortable' is made easier
when one defers for a decade later than average retirement age.
My last major project started in late 2018, but took to 2020 onceit started.
But the question was when you retired: that statement only makes it
clear that as of 2020 (age 72+2=74), you were still taking on new work. >>>>
I have not accepted another since, and several were offered.
In 2018 I turned 72 and the RMD money started to flow in. It
was always my intention to scale way back once the 401K kicked in. >>>> > As I stated were a now VERY comfortable, even to the point of
re-investing considerable RMD and investment earnings. It's
been a great ride.
Yet envision having as good of a ride while retiring ten years
younger. Something along those lines is still a possibility for
Alan, et al.
-----
Oh, and by the way, if you want to fly a CAP airplane on a mission >>>> > not USAF-assigned you can rent one for a few hours...CAP 182 is
currently about $150/hour compared to $178 for the club 182 I rented >>>> > last week.
So instead of free, a mere 15% discount for local joyriding.
-----
And one more point. By working into my 70's I was not in
the denominator of the dependency ratio for ...
So what? Individual decisions like this invariably are self-
serving, so its not like you were being highly altruistic and didn't
claim SS to avoid being a burden on society, particularly in light
of your 'VERY comfortable' 401k, as you you were quite aggressive in
maxing that out, which served to lower your reportable income &
lowered SS taxes paid.
... and extra 15 years or so after I retired from my full time job. >>>>An 'extra' interesting euphemism for being caught in an office purge
in your 50s, and losing more than half of your net worth in a divorce. >>>>
One solution to dependency ratio declines is to increase retirement >>>> > age for more of us.
Pretty much the worst solution, as non-whitecollar workers pay with
their bodies and have difficulties getting even to age 62 without
deliberating injuries & loss of income. Consider instead
liberalizing immigration policy and providing affordable childcare,
as both are less injurious & expand in the younger prime working age
(25-55) workforce.
-hh
Incredible how you can find a cloud in any silver lining!
Incredible how every cloud you ever talk about is lined with gold.
Not true, but not many clouds either.
How much did I work in 2019-2024? I have the billing records!
2019 330 hours - the year the opinion was done
2020 44 hours - followup and depositions
2021 0 hours
2022 20 hours - reply to plaintiff challenges
2023 4 hours - testimony prep for a trial that never happened
Which are hours billed, not worked. As you've already admitted, you
work more hours than you actually bill.
The point being that after 2019, age 73, the hours are minimal. Even
before that I never worked anywhere close to full time, and we took some incredible trips.
A 15% discount is a long way from "borrowing". CAP flying is far from
free for me. I have also held numerous staff positions that take up
time and effort. My current position is coordinating pilot and
squadron resources for our Cadet O-Flight mission. Measured by
aviation activity it's the most important aviation activity in the
wing. I just took that on as of 1 October. So far this fiscal year
activity is up by 45% versus FY23. FY24 flying hours are 200.4. My
hours? 32. My admin hours? A lot more than that. Is it fun? Yes. Why
is that a problem for you?
Nothing against volunteering, but simply noting that you're still out
hustling for the benefit of flying with minimal personal cash outlay.
I enjoy the admin piece too. Hustling implies that I don't.
Since maxing out my 401k along with 2 IRA accounts established when I
retired I have paid state and federal income tax on over $500,000 in
RMDs.
$500K ... but across how many years? Well, age 70.5 in 2016 would
mean 9 years. So call it an average of ~$50K/year, and without
looking up the historical & current IRS Uniform Lifetime Table, using
a factor of ~25x would mean you're drawing from ~$1.25M in tax-
advantaged accounts.
I said over $500k. Your estimates are low.
Yes I saved taxes to accumulate the wealth, but not in paying it
back. That's just how in works.
Depends on the marginal tax bracket of then vs now, and we know that
the 2017 TCJA lowered the brackets.
My marginal rate has gone up. 2024 income is 50% higher than 2016.
"deliberating" injuries? Was that a typo?
Yup; meant debilitating.
You euphemism is a debasement of someone who had a plan, a major
derailment, then more than recovered all on his own and through hard
work that was rewarding in every sense of the word.
No, not debasing it at all: merely noted that [this] recovery took
them past the US average retirement age and well into their 70s.
I planned to work at Lilly until age 65, 2011. In a sense I did, they
were my biggest client until about 2009. In the meantime I built a core
of other clients that took me to 2018, and enjoyed the assignments. I consider myself lucky.
You could learn a few things about a rewarding retirement.
Just what kind of 'rewarding retirement' has you taking digs at Alan?
In any event, I'm confident that my retirement will start well before
age 74, which will afford ample rewards. Of course, as illustrated
with travels to Africa 3x, etc, you already know that we've not waited
for retirement; currently even thinking about Antarctica next year,
even if the YoY gains don't crack seven digits.
-hh
What I meant about rewarding is not just the travel, but finding a side
gig or two that you enjoy so much you can't give it up, and you can help others in the process. Like part time consulting and being involved with
an aviation organization has been for me. Travel is self-centered, there
is more to life than that. You have your photography too. How does that
and personal travel help others? Maybe you don't give a damn about
serving others?
As for Alan his racing gig has seemingly petered out. A revealed in
SCCBC public records he is absent from leadership positions. His racing entries for the last three years have been few and far between. Maybe he
is still going golfing and skiing?
As for Alan his racing gig has seemingly petered out. A revealed in
SCCBC public records he is absent from leadership positions. His
racing entries for the last three years have been few and far between.
Maybe he is still going golfing and skiing?
YA attempt to equate Absence of Evidence as Evidence of Absence...right?
FWIW, I've not mentioned PCA events for a long time (2011?), but that
isn't proof that I'm not still attending meetings or events.
On 12/29/2024 9:23 PM, Alan wrote:
On 2024-12-29 14:09, -hh wrote:Alan, how many season championships have you won?
As for Alan his racing gig has seemingly petered out. A revealed in
SCCBC public records he is absent from leadership positions. His
racing entries for the last three years have been few and far
between. Maybe he is still going golfing and skiing?
YA attempt to equate Absence of Evidence as Evidence of Absence...right? >>>
FWIW, I've not mentioned PCA events for a long time (2011?), but that
isn't proof that I'm not still attending meetings or events.
And it turns out that Tommie isn't much of a researcher...
...as I was chairman of the Race Drivers Committee in 2023.
<https://web.archive.org/web/20230422005048/https://www.sccbc.net/
about- sccbc/race-drivers/>
'Membership on the Race Drivers Committee is by invitation only. The
committee is comprised of some of the best racers in British Columbia.
Most committee members have won championships in their class while
others have done consistently well over the years and have proven
themselves capable of excelling in all race conditions.'
Not bad for a supposedly "terrible" driver.
😎
On 12/29/2024 9:23 PM, Alan wrote:
On 2024-12-29 14:09, -hh wrote:Alan, how many season championships have you won?
As for Alan his racing gig has seemingly petered out. A revealed in
SCCBC public records he is absent from leadership positions. His
racing entries for the last three years have been few and far
between. Maybe he is still going golfing and skiing?
YA attempt to equate Absence of Evidence as Evidence of Absence...right? >>>
FWIW, I've not mentioned PCA events for a long time (2011?), but that
isn't proof that I'm not still attending meetings or events.
And it turns out that Tommie isn't much of a researcher...
...as I was chairman of the Race Drivers Committee in 2023.
<https://web.archive.org/web/20230422005048/https://www.sccbc.net/
about- sccbc/race-drivers/>
'Membership on the Race Drivers Committee is by invitation only. The
committee is comprised of some of the best racers in British Columbia.
Most committee members have won championships in their class while
others have done consistently well over the years and have proven
themselves capable of excelling in all race conditions.'
Not bad for a supposedly "terrible" driver.
😎
On 12/29/2024 9:23 PM, Alan wrote:
On 2024-12-29 14:09, -hh wrote:
As for Alan his racing gig has seemingly petered out. A revealed in
SCCBC public records he is absent from leadership positions. His
racing entries for the last three years have been few and far
between. Maybe he is still going golfing and skiing?
YA attempt to equate Absence of Evidence as Evidence of Absence...right? >>>
FWIW, I've not mentioned PCA events for a long time (2011?), but that
isn't proof that I'm not still attending meetings or events.
And it turns out that Tommie isn't much of a researcher...
...as I was chairman of the Race Drivers Committee in 2023.
<https://web.archive.org/web/20230422005048/https://www.sccbc.net/
about- sccbc/race-drivers/>
'Membership on the Race Drivers Committee is by invitation only. The
committee is comprised of some of the best racers in British Columbia.
Most committee members have won championships in their class while
others have done consistently well over the years and have proven
themselves capable of excelling in all race conditions.'
Not bad for a supposedly "terrible" driver.
😎
One year service as a committee chairman! WOW! Where is the long list of
your leadership positions? Why were you chair only one year? Quit?
Fired? Lack of interest in serving the organization?
FYI I have been involved in various CAP committees and administrativepositions every year since I joined in 2004. And you brag about
attending meetings and events and 1 year as an appointed committee
chairman? LOL! That is not much of a commitment level.
On 1/16/2025 8:07 AM, -hh wrote:
On 1/15/25 5:33 PM, Tom Elam wrote:
On 12/29/2024 9:23 PM, Alan wrote:
On 2024-12-29 14:09, -hh wrote:Alan, how many season championships have you won?
As for Alan his racing gig has seemingly petered out. A
revealed in SCCBC public records he is absent from
leadership positions. His racing entries for the last
three years have been few and far between. Maybe he is
still going golfing and skiing?
YA attempt to equate Absence of Evidence as Evidence of
Absence...right?
FWIW, I've not mentioned PCA events for a long time (2011?),
but that isn't proof that I'm not still attending meetings
or events.
And it turns out that Tommie isn't much of a researcher...
...as I was chairman of the Race Drivers Committee in 2023.
<https://web.archive.org/web/20230422005048/https://
www.sccbc.net/ about- sccbc/race-drivers/>
'Membership on the Race Drivers Committee is by invitation
only. The committee is comprised of some of the best racers in
British Columbia. Most committee members have won
championships in their class while others have done
consistently well over the years and have proven themselves
capable of excelling in all race conditions.'
Not bad for a supposedly "terrible" driver.
😎
As many Nobel Prizes as you've won, Tommy: Goalpost move much?
-hh
So a SCCBC season championship = Nobel Prize?
FYI my office wall is covered with activity-based CAP awards. More
are in the desk, ran out of wall room. Those awards are at the Wing,
Region and National levels. One award is the Wing Senior Member of
the Year. I was selected to run the program that was responsible for
half the Wing's flying and did that for 4 years. It was a full time
job. I was promoted from that to running of the Wing's flying
programs.
I don't think you can equate that activity level to running a
single committee. But not a Nobel Prize either.
Your claim that my CAP flying is free attaches a $0 opportunity cost
to all the administrative time I donate.
On 1/16/2025 8:07 AM, -hh wrote:
On 1/15/25 5:33 PM, Tom Elam wrote:
On 12/29/2024 9:23 PM, Alan wrote:
On 2024-12-29 14:09, -hh wrote:Alan, how many season championships have you won?
As for Alan his racing gig has seemingly petered out. A revealed
in SCCBC public records he is absent from leadership positions.
His racing entries for the last three years have been few and far
between. Maybe he is still going golfing and skiing?
YA attempt to equate Absence of Evidence as Evidence of
Absence...right?
FWIW, I've not mentioned PCA events for a long time (2011?), but
that isn't proof that I'm not still attending meetings or events.
And it turns out that Tommie isn't much of a researcher...
...as I was chairman of the Race Drivers Committee in 2023.
<https://web.archive.org/web/20230422005048/https://www.sccbc.net/
about- sccbc/race-drivers/>
'Membership on the Race Drivers Committee is by invitation only. The
committee is comprised of some of the best racers in British
Columbia. Most committee members have won championships in their
class while others have done consistently well over the years and
have proven themselves capable of excelling in all race conditions.'
Not bad for a supposedly "terrible" driver.
😎
As many Nobel Prizes as you've won, Tommy:
Goalpost move much?
So a SCCBC season championship = Nobel Prize?
FYI my office wall is covered with activity-based CAP awards.
More are
in the desk, ran out of wall room. Those awards are at the Wing, Region
and National levels. One award is the Wing Senior Member of the Year. I
was selected to run the program that was responsible for half the Wing's flying and did that for 4 years. It was a full time job. I was promoted
from that to running of the Wing's flying programs.
I don't think you can equate that activity level to running a single committee. But not a Nobel Prize either.
Your claim that my CAP flying is free attaches a $0 opportunity cost to
all the administrative time I donate.
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