save4aFIREyday
Confused about dryer sheets
- Joined
- Aug 31, 2007
- Messages
- 9
Hi! I have been lurking for a couple of weeks now, and I have really enjoyed reading these boards. I am so happy to have found people who understand that there are so many better options in life than going to w*rk every day.
So, a little about me: I am a 37 year old female, and I have always been a believer in LBYM, so I have saved money over the years, but it wasn’t until fairly recently (about a year ago) that I really got serious about ER. For the first time, I looked at my asset allocation and started paying much closer attention to what I am saving/spending and where it is going. Currently, I have about $430k saved with approximately the following allocation:
37% Large Market
9% Mid
13% Small
7% REIT
8% Other – primarily a health care fund – not sure what to do with this
10% International
16% Money Market
I would like to increase my international and small-cap holdings, but other than that, I am not sure if I will/should make big changes.
Currently, I make $82k per year and save about 30% of my income. Last year I spent about $30k and expect this year to be about the same. Also, my salary was about $72k last year, and I saved 36% of that. So, I really should be able to save more than 30% this year since my salary is higher, but we shall see. I will not get a pension or retiree health care, so I am thinking I will semi-retire at some point and work enough to get health care and cover basic expenses while letting my savings continue to grow. I’m not sure when I will be able to make that switch, but it is nice to think about reducing my work hours at some point.
Other relevant info: I live in Atlanta and own a house with about $80k of equity. I am single with no kids.
Also, I have taken two sabbaticals in my life, one for 2 ½ months in 2000 and the other for 4 months in 2003, and those tastes of retirement (Freedom!!) have made me very eager to get FIRE’d permanently. I know I am mentally ready for it; I’ve just got to get the finances there, as well!
Anyway, thank you for reading my really long post! Any thoughts or comments you have are welcome! I look forward to getting to know everyone!
So, a little about me: I am a 37 year old female, and I have always been a believer in LBYM, so I have saved money over the years, but it wasn’t until fairly recently (about a year ago) that I really got serious about ER. For the first time, I looked at my asset allocation and started paying much closer attention to what I am saving/spending and where it is going. Currently, I have about $430k saved with approximately the following allocation:
37% Large Market
9% Mid
13% Small
7% REIT
8% Other – primarily a health care fund – not sure what to do with this
10% International
16% Money Market
I would like to increase my international and small-cap holdings, but other than that, I am not sure if I will/should make big changes.
Currently, I make $82k per year and save about 30% of my income. Last year I spent about $30k and expect this year to be about the same. Also, my salary was about $72k last year, and I saved 36% of that. So, I really should be able to save more than 30% this year since my salary is higher, but we shall see. I will not get a pension or retiree health care, so I am thinking I will semi-retire at some point and work enough to get health care and cover basic expenses while letting my savings continue to grow. I’m not sure when I will be able to make that switch, but it is nice to think about reducing my work hours at some point.
Other relevant info: I live in Atlanta and own a house with about $80k of equity. I am single with no kids.
Also, I have taken two sabbaticals in my life, one for 2 ½ months in 2000 and the other for 4 months in 2003, and those tastes of retirement (Freedom!!) have made me very eager to get FIRE’d permanently. I know I am mentally ready for it; I’ve just got to get the finances there, as well!
Anyway, thank you for reading my really long post! Any thoughts or comments you have are welcome! I look forward to getting to know everyone!