The Intersection of FIRE and Disney

[SouthFayetteFan]

Thought I’d try Amex Platinum Concierge to see how they handled a research request on hiking trails and waterfalls and they put this list together.

Thought I’d share for those headed to Maui. Distance is from WA Grand Wailea:

Trails

Hosmer Grove Loop Trail
Distance: 41.3 Miles
Parking: $30.00

Wai'anapanapa State Park Trails
Distance: 62.3 Miles
Parking: $10.00

Hoapili Trail & Kings Trail
Distance: 6.9 Miles
Parking: Free

Twin Falls Trail
Distance: 32.1 Miles
Parking: Free

Kuloa Point Trail
Distance: 64.7 Miles
Parking: $30.00

Iao Valley State Park
Distance: 19.7 Miles
Parking: $10

Waikamoi Ridge Trail
Distance: 39.5 Miles
Parking: Free

Waihee Ridge Trail
Distance: 24 Miles
Parking: Free


Keoneheehee - Sliding Sands Trail
Distance: 49.5 Miles
Parking: $30.00

Pipiwai Trail
Distance: 64.5 Miles
Parking: $30.00

Haleakala Summit Trails
Distance: 41.5 Miles
Parking: $30

Halemauu Trail
Distance: 45.1 Miles
Parking: $10

Supply Trail
Distance: 42.8 Miles
Parking: $30.00

Nakalele Point & Blowhole
Distance: 44.8 Miles
Parking: Free

Dragon's Teeth
Distance: 38 Miles
Parking: Free


Waterfalls


Keoneheehee - Sliding Sands Trail
Distance: 49.5 Miles
Parking: $30.00

Pipiwai Trail
Distance: 64.5 Miles
Parking: $30.00

Haleakala Summit Trails
Distance: 41.5 Miles
Parking: $30

Halemauu Trail
Distance: 45.1 Miles
Parking: $10

Supply Trail
Distance: 42.8 Miles
Parking: $30.00

Nakalele Point & Blowhole
Distance: 44.8 Miles
Parking: Free

Dragon's Teeth
Distance: 38 Miles
Parking: Free


Waterfalls


Upper Waikani Falls
Distance: 49.3 Miles
Parking: Free - drive about 1/10 mile past the falls – there is a small parking area

Makapipi Falls
Distance: 54.8 Miles
Parking: Free - there is a small pull off

Makahiku Falls
Distance: 66.5 Miles
Parking: $30 - Off the Pipiwai Trail - Haleakala National Park charges a fee to enter

Waimoku Falls
Distance: 67.6Miles
Parking: $30 - Off the Pipiwai Trail - Haleakala National Park charges a fee to enter

Alelele Falls
Distance: 63.3 Miles
Parking: $30 - Haleakala National Park charges a fee to enter

Ohe’o Gulch
Distance: 66.5 Miles
Parking: $30 - Haleakala National Park charges a fee to enter

Waikamoi Stream and waterfalls
Distance: 39.7 Miles
Parking: Free - Road Access


Honokohau Falls
Distance: 42.7 Miles
Only Accessible by Helicopter tour

Makamaka’ole Falls
Distance: 25.9 Miles
Parking: Free

Has anyone put anything on Road to Hana together they might want to share?

Did you mean to share this in the CC thread?

 

[FreeDiningFanatic]

I did totally mean to post that to the cc thread, thanks for catching my mistake!

But, many of these are free activities, so if you’re chasing fire, enjoy!!

ETA: Post removed

 

[QueenIsabella]

Actually, we're going to Maui next year, and my DD25 and her boyfriend (who will likely be coming) love to hike. And want to do free/cheap activities. So, it's a little early, but I'll check back with you in a year or so. Travel is our one big splurge, and I promised DH a blowout trip to Hawaii. The last time he and I were there, we scattered his dad's ashes on a mac nut farm outside Hilo. That was 1990. I promised we could come back with our children. So, here we are.

 

[platamama]

I'd like to ask a FIRE-adjacent topic: do folks on here have a living trust for their finances? Any opinions on pros/cons of having one? I wish I could do a fancy poll thingy, but I guess that's for top-line threads.

 

[PaintsWithAllTheColors]

I'd like to ask a FIRE-adjacent topic: do folks on here have a living trust for their finances? Any opinions on pros/cons of having one? I wish I could do a fancy poll thingy, but I guess that's for top-line threads.

We made one this past year with the goal of our assets, including our house, avoiding probate. I don’t really know of cons besides the extra paperwork, to be honest. I think that certain tax advantaged accounts bypass probable anyways, but real estate and other investment accounts would not, so having them in the trust would help with that. Also, while you have to move real estate into the trust itself, for most investments you can simply name the trust as the primary beneficiary to transfer to upon death.

 

[Starport Seven-Five]

Ran our quarterly NW numbers tonight. This was a weird quarter for us so I wasn't sure what to expect going in. We received stimulus funds and bonuses this quarter but also spent a good amount of money on furniture and took a trip to Hawaii. Was pleasantly surprised to see we met the targets we were tracking pretty easily.

I also found that when my HSA migrated, they changed the fund it was invested in. I was up less than $1 on an 8k balance. Frustrating but I corrected it so it won't be an issue going forward. I have no idea when I would have caught that if it weren't for a financial "audit" like this.

 

[ski_mom]

Just curious how people estimate expenses for when one spouse passes? The spreadsheet I have put together increases our desired retirement income by 3% each year and if we work until I'm 56 (DH will be 62 but really has no desire to retire early), if we continue our retirement contributions at our current rate, our pensions plus SS and 401k will get us through our whole life. The spreadsheet is coming out with plenty left in 401k when I'm 107 and DH is 113, so I think we're covered lol.

But, our pensions are options for life of retiree only, life of retiree with 2/3 to surviving spouse, 1/2 to surviving spouse, etc, so our income will go down when one of us passes. I know expenses should also go down, but just curious if there's a standard percentage or anything like that? I know it wouldn't be 1/2 because you would still have a certain amount of fixed costs, etc that wouldn't go down.

I know it's different for everyone, just curious how others plan for this situation.

 

[QueenIsabella]

I'll be honest--we haven't specifically planned for it. Of course, DH won't retire for another 6-8 years, either. What we HAVE done is talk, generally, about what will happen when one of us passes. We have yet to determine which of our 4 kids would be the best choice for POA and all that--ironically, our youngest is likely the best choice (most interested in finance), but he's only 15. Older three have zero interest in anything money-related, both girls want to live far away (one already does0, older son has Asperger's and will need sibling help himself.

I'm also concerned that DH might be susceptible to scams--he can be gullible, and sends in the "Publisher's Clearinghouse" crap, like he has a chance to win. The only thing I've said to him directly is, "If you give a penny to your brother, I'm coming back to haunt you!" His brother got much more financial support from their mother, but has a much lower net worth than we do. Plus, he smokes--his choice, for sure, but I'm not funding his bad choices.

If you're picking pension stuff, I would run the numbers, and try to consider reasonable scenarios--I know I wouldn't want to have to maintain this big house without DH, so I'd move to something smaller, for example. And I'd travel less without him.

 

[RamblingMad]

Just curious how people estimate expenses for when one spouse passes? The spreadsheet I have put together increases our desired retirement income by 3% each year and if we work until I'm 56 (DH will be 62 but really has no desire to retire early), if we continue our retirement contributions at our current rate, our pensions plus SS and 401k will get us through our whole life. The spreadsheet is coming out with plenty left in 401k when I'm 107 and DH is 113, so I think we're covered lol.

But, our pensions are options for life of retiree only, life of retiree with 2/3 to surviving spouse, 1/2 to surviving spouse, etc, so our income will go down when one of us passes. I know expenses should also go down, but just curious if there's a standard percentage or anything like that? I know it wouldn't be 1/2 because you would still have a certain amount of fixed costs, etc that wouldn't go down.

I know it's different for everyone, just curious how others plan for this situation.

Expenses should go down. You have one less mouth to feed.

II’d be more worried about going into extended care, so I’d look for insurance since you can plan for it.

 

[QueenIsabella]

Expenses should go down. You have one less mouth to feed.

II’d be more worried about going into extended care, so I’d look for insurance since you can plan for it.

Yeah, some of us plan to self-fund long term care, if we need it. I've been watching the long-term care insurance industry for a few decades now, I don't have much faith that it's going to provide what it claims it will. Too many companies have gone under or raised their premiums to insane levels. Also, in my case, none of our parents ended up needing LTC insurance.

 

[BridgetBordeaux]

Yeah, some of us plan to self-fund long term care, if we need it. I've been watching the long-term care insurance industry for a few decades now, I don't have much faith that it's going to provide what it claims it will. Too many companies have gone under or raised their premiums to insane levels. Also, in my case, none of our parents ended up needing LTC insurance.

We got 2 LTC policies when we were about 40 years old.

We are now about 60.

One is for 5 years and one is for life.

We got them as a sort of safety net/stalling tactic to be able to have the benefit of some time to restructure our finances after an event (fall/stroke etc) instead of having to be in crisis mode and under tons of stress.

It also protects our nest egg from depletion for many years.

Yes, our rate has gone up several times (a lot) but we have also had more assets each decade to pay the annual bill.

So.................the annual bill went up and our assets grew almost each year............and even though the cost is more...........it is now protecting more.

Yes..........we may never use it..........but I think one of us will need it in our lifetime...........and if so, it will make it easier for the other spouse or our adult child to deal with the long term care expenses.

 

[QueenIsabella]

We got 2 LTC policies when we were about 40 years old.

We are now about 60.

One is for 5 years and one is for life.

We got them as a sort of safety net/stalling tactic to be able to have the benefit of some time to restructure our finances after an event (fall/stroke etc) instead of having to be in crisis mode and under tons of stress.

It also protects our nest egg from depletion for many years.

Yes, our rate has gone up several times (a lot) but we have also had more assets each decade to pay the annual bill.

So.................the annual bill went up and our assets grew almost each year............and even though the cost is more...........it is now protecting more.

Yes..........we may never use it..........but I think one of us will need it in our lifetime...........and if so, it will make it easier for the other spouse or our adult child to deal with the long term care expenses.

There's absolutely nothing wrong with having LTC insurance, if you've run the numbers and it works for you. I'm concerned about it actually being there when people need it. Plus, it doesn't make sense for us. But, it's like whole life insurance or annuities--everyone's situation is different, what is the right choice for you, might not be for me, and vice-versa. It sounds like you have a good plan in place, that's really the important thing.

 

[DisneyTexan]

Yeah, some of us plan to self-fund long term care, if we need it. I've been watching the long-term care insurance industry for a few decades now, I don't have much faith that it's going to provide what it claims it will. Too many companies have gone under or raised their premiums to insane levels. Also, in my case, none of our parents ended up needing LTC insurance.

If you don't want to worry about changes in premiums, you can buy a lump-sum long term care policy. The one-time premium can be paid at many different levels to provide different levels of coverage. The good part is that once it is paid, you never have to worry about a premium again.

https://www.lfg.com/public/individu...nuities/longtermcareplanning/moneyguardIIIicc

 

[BridgetBordeaux]

All time highs today.
S&P 500 well over 4000.
The last 2 trading days has seen about a total 2.5 to 3 percent increase.

 

[RamblingMad]

All time highs today.
S&P 500 well over 4000.
The last 2 trading days has seen about a total 2.5 to 3 percent increase.

It’s crazy. But I keep on buying.

 

[Starport Seven-Five]

All time highs today.
S&P 500 well over 4000.
The last 2 trading days has seen about a total 2.5 to 3 percent increase.

We were teetering on hitting a milestone number over the weekend. Blew threw and closed 1% past it on Monday.

 

[bernina]

We were teetering on hitting a milestone number over the weekend. Blew threw and closed 1% past it on Monday.

Congratulations!! We're so close to hitting a big milestone but not quite there yet.

 

[disfanforlife]

I have some CDs maturing in the next few weeks that we had a good rate on. Anyone know of CDs available now with a decent rate? I can’t find any.

 

[BridgetBordeaux]

I have some CDs maturing in the next few weeks that we had a good rate on. Anyone know of CDs available now with a decent rate? I can’t find any.

Went to bankrate.com today...............best 1 yr rate was .7 percent.

Due to low rates in the economy, CDs have been miserably low for a while.

The days or 2.5/3.5 rates are long behind us............they will come back, but the economy needs to heat up and the Fed needs to raise rates...............but that may not be for a bit of time.

 

[disfanforlife]

Went to bankrate.com today...............best 1 yr rate was .7 percent.

Due to low rates in the economy, CDs have been miserably low for a while.

The days or 2.5/3.5 rates are long behind us............they will come back, but the economy needs to heat up and the Fed needs to raise rates...............but that may not be for a bit of time.

Thank you. That’s what I thought, but figured it didn’t hurt to ask in case someone knew of something I didn’t. I have .7 in a saving account at one bank right now due to a referral so I might just park the money there for a few months.