canadian_guy
Dryer sheet wannabe
- Joined
- Sep 14, 2006
- Messages
- 10
Back in Sept 2006 I posted to this forum and Nords described me as "teetering on the brink of ER". I'm 35, single, and my financial breakdown was:
520K: stocks (I invest myself through Ameritrade)
150K: HSBC direct (5% apy)
225K: 401K/IRAs
75K: home equity (still have 140K mortgage @4.75%)
25K: chequing
------
995K
Despite getting bitch-slapped with a major MREIT holding (IMH), my current situation looks like:
575K: stocks (I invest myself through Ameritrade)
205K: HSBC direct (5% apy)
300K: 401K/IRAs
75K: home equity (still have 140K mortgage @4.75%)
20K: chequing
------
1175K
Growing my net work by about 200K is great, but it leads me to the crux of my problem with ER... there is always that next bonus/stock option/raise around the corner. While I wait for that I'm still getting paid, still growing my savings, etc. Why not hold on just another six months. Of course six months goes by, and the cycle repeats.
How do I get past this?
Another unrelated question is retirement location. I've lived in the USA for the past 10 years, but I'm not yet a citizen. America is a great country, but I don't see it as all that ER-friendly. The main reasons are medical insurance and taxation.
Correct me if I'm wrong, but I could move down to Montevideo, and not pay any tax on my US investment income (of course I would have to abandon my green-card status), have access to cheap and high quality health care, and have a much lower cost of living. I can imagine people saying, "yeah, but you'll be living in URUGAY!". My (limited) research on Uruguay seems to indicate it is a stable, safe, and developed country. Has anyone lived there, or known anyone that has lived there?
Thanks for reading, and I look forward to your feedback!
520K: stocks (I invest myself through Ameritrade)
150K: HSBC direct (5% apy)
225K: 401K/IRAs
75K: home equity (still have 140K mortgage @4.75%)
25K: chequing
------
995K
Despite getting bitch-slapped with a major MREIT holding (IMH), my current situation looks like:
575K: stocks (I invest myself through Ameritrade)
205K: HSBC direct (5% apy)
300K: 401K/IRAs
75K: home equity (still have 140K mortgage @4.75%)
20K: chequing
------
1175K
Growing my net work by about 200K is great, but it leads me to the crux of my problem with ER... there is always that next bonus/stock option/raise around the corner. While I wait for that I'm still getting paid, still growing my savings, etc. Why not hold on just another six months. Of course six months goes by, and the cycle repeats.
How do I get past this?
Another unrelated question is retirement location. I've lived in the USA for the past 10 years, but I'm not yet a citizen. America is a great country, but I don't see it as all that ER-friendly. The main reasons are medical insurance and taxation.
Correct me if I'm wrong, but I could move down to Montevideo, and not pay any tax on my US investment income (of course I would have to abandon my green-card status), have access to cheap and high quality health care, and have a much lower cost of living. I can imagine people saying, "yeah, but you'll be living in URUGAY!". My (limited) research on Uruguay seems to indicate it is a stable, safe, and developed country. Has anyone lived there, or known anyone that has lived there?
Thanks for reading, and I look forward to your feedback!