LazyErik
Dryer sheet aficionado
- Joined
- Jun 21, 2013
- Messages
- 49
Hi ER,
Ive been lurking for about six months. Thought I'd register and say hello. I'm in my late 30s, looking to retire at 45 (class of 2019. . . hopefully I don't get held back). DW and I have been saving almost 55% of our income for 12 plus years. I also had a nice inheritance while in High School and since I didn't know what to do with it, I just indexed it. It actually has done quite well and it makes up almost 35% of our net worth. (I thank my uncle every time I see him for teaching me about index funds when I was 17 and thought I knew everything.)
We have been maxing out all of our 401k options, 403 b accounts, Roth IRAs (on years they are available), etc. My big push right now in the next six years is to save enough cash to supplement our dividend income for our years from 45-60. We live very inexpensively, so our dividends currently cover almost 75% of what we need for our yearly expenses.
FIREcalc says we can easily make it right now, but I always worry about that sort of thing. I have a good job I like, nice fellow employees, and the work stress is manageable without copious amounts of alcohol. My wife works at a University and loves her job, but she said she would probably be ready to quit when she hits 45. Our biggest fear is what would we do after ER?
Thanks for all the wonderful information on this forum. I hope to be a good contributing member.
Ive been lurking for about six months. Thought I'd register and say hello. I'm in my late 30s, looking to retire at 45 (class of 2019. . . hopefully I don't get held back). DW and I have been saving almost 55% of our income for 12 plus years. I also had a nice inheritance while in High School and since I didn't know what to do with it, I just indexed it. It actually has done quite well and it makes up almost 35% of our net worth. (I thank my uncle every time I see him for teaching me about index funds when I was 17 and thought I knew everything.)
We have been maxing out all of our 401k options, 403 b accounts, Roth IRAs (on years they are available), etc. My big push right now in the next six years is to save enough cash to supplement our dividend income for our years from 45-60. We live very inexpensively, so our dividends currently cover almost 75% of what we need for our yearly expenses.
FIREcalc says we can easily make it right now, but I always worry about that sort of thing. I have a good job I like, nice fellow employees, and the work stress is manageable without copious amounts of alcohol. My wife works at a University and loves her job, but she said she would probably be ready to quit when she hits 45. Our biggest fear is what would we do after ER?
Thanks for all the wonderful information on this forum. I hope to be a good contributing member.