|
01-31-2016, 08:41 AM
|
#1
|
Recycles dryer sheets
Join Date: May 2013
Location: Ventura
Posts: 67
|
Final Check
Hi Forum Members,
I’ve posted my situation here previously, but that was two years ago. Based on what I have been reading here over those past couple years and what FIRECalc says, I think I am good to go. Recent changes in my j*b have made my current situation intolerable, so I am very eager to move on. Listed below are my statistics:
Single, 55 years old, no dependents.
Retirement assets are currently at $1.9M (does not include cash to pay off mortgage). About half in taxable and half in 401k /Roth IRA. Mostly Vanguard index funds. Asset allocation: 65% stock/35% fixed income. No pension.
Social security: $25K/year at age 70 (75% of estimate provided by Social Security website)
Retirement budget: $60K/year (based on previous five years of spending plus $8K for medical insurance and dental expenses, $3K new car fund, $15K travel, $5-10K taxes)
Looking forward to doing what I want to do with my time, which will mostly be landscape photography.
Please share any thoughts you might have. Thank you.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
01-31-2016, 08:45 AM
|
#2
|
Full time employment: Posting here.
Join Date: Jul 2011
Posts: 723
|
Congrats! Sounds like you are in great shape, and well positioned for a nice health insurance subsidy. Enjoy the next phase!
|
|
|
01-31-2016, 08:58 AM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,000
|
If you are ready to go you are financially good to go. Pull that plug whenever you want.
__________________
Numbers is hard
|
|
|
01-31-2016, 08:58 AM
|
#4
|
Recycles dryer sheets
Join Date: May 2013
Location: Ventura
Posts: 67
|
Quote:
Originally Posted by panacea
Congrats! Sounds like you are in great shape, and well positioned for a nice health insurance subsidy. Enjoy the next phase!
|
Thanks Panacea. I'll actually be eligible for subsidized company retiree health insurance that is less expensive than Obamacare, but they might discontinue it at any time, so figure best not to count on it. Over the 25 years I've worked there, they have reduced or eliminated one benefit after another. With either a subsidy from the company or Obamacare, my medical/dental expenses should be less than $3K/year, but figure for planning purposes it is better to not include a subsidy.
|
|
|
01-31-2016, 12:16 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
|
Quote:
Originally Posted by hiker88
...Please share any thoughts you might have. Thank you.
|
My only thought is: what the heck are you waiting for?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
01-31-2016, 12:25 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,942
|
Looks like you are ready to go, Hiker. Where do you go to shoot landscapes? That's my hobby too.
__________________
"The mountains are calling, and I must go." John Muir
|
|
|
01-31-2016, 12:47 PM
|
#7
|
Recycles dryer sheets
Join Date: May 2013
Location: Ventura
Posts: 67
|
Good to hear that you think I am good to go now. I am more than ready to quit, but a bonus based on corporate performance of the previous year is issued in mid March. It is typically about $10K, so figure I should put up with the BS a little while longer even if it is painful.
|
|
|
01-31-2016, 12:52 PM
|
#8
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
|
Your numbers look good to me, but you must promise to share photos. Congrats on the upcoming notice you'll be giving!
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
01-31-2016, 01:02 PM
|
#9
|
Recycles dryer sheets
Join Date: May 2013
Location: Ventura
Posts: 67
|
Quote:
Originally Posted by DrRoy
Looks like you are ready to go, Hiker. Where do you go to shoot landscapes? That's my hobby too.
|
Beautiful image! Is that Toroweap? That place is on my bucket list. I do most of my photography in the western US and planning to do a lot more once I FIRE. If you would like to see some of my work, click on my username, go to About Me, then see the link in Interest.
|
|
|
01-31-2016, 01:12 PM
|
#10
|
Recycles dryer sheets
Join Date: May 2013
Location: Ventura
Posts: 67
|
Quote:
Originally Posted by Bestwifeever
Your numbers look good to me, but you must promise to share photos. Congrats on the upcoming notice you'll be giving!
|
Thanks Bestwifeever. I plan to take part in the Photographers Corner, so stay tuned.
|
|
|
01-31-2016, 05:44 PM
|
#11
|
Full time employment: Posting here.
Join Date: May 2011
Posts: 873
|
Congrats on your upcoming retirement. Gotta tell you after a year, it is fabulous!
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|