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Old 01-03-2015, 10:26 AM   #21
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Originally Posted by heeyy_joe View Post
Work until you have all your social security credits. Avoid the zero years.
It all depends. For us, it is meaningless, even if means-testing isn't strongly enhanced and we remain eligible for SS.

DW will retire with less than 35, but past the second bend point. Unless the rules change, working a few more years to fill it up would be meaningless. So too, although I won't have "zero" years, I'll have a few years under $1500, which I see as the functional equivalent of zero. Even though, unlike DW, many of my years weren't at the maximum, it would be silly to keep working to replace those part-time student jobs with maximum years.
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Old 01-03-2015, 11:09 AM   #22
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Originally Posted by ChiliPepr View Post
But, as of today, I think I will consider me officially financially independent.
Congrats!!!

That's way more than enough for us to pull the trigger & we're 43 & 48. You just need to reduce your expenses. I don't think we could spend 100K/yr if we tried.
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Old 01-03-2015, 09:19 PM   #23
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Originally Posted by 2017ish View Post
It all depends. For us, it is meaningless, even if means-testing isn't strongly enhanced and we remain eligible for SS.

DW will retire with less than 35, but past the second bend point. Unless the rules change, working a few more years to fill it up would be meaningless. So too, although I won't have "zero" years, I'll have a few years under $1500, which I see as the functional equivalent of zero. Even though, unlike DW, many of my years weren't at the maximum, it would be silly to keep working to replace those part-time student jobs with maximum years.
I bet Joe wanted to make a sarcastic note here considering the OP's update portfolio...or at least I interpreted that way.
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Old 02-12-2015, 12:44 PM   #24
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Nice numbers. Congratulations. Just curious as to why the home has not increased in value in the past few years.

Because I did not update the original value... I am one of those people who do not look at the equity in the house as part of my net worth for retirement calculations. I figure I have to live somewhere and look at the cost of the house on the debit side of the ledger. I guess if I had to put a price on what I could sell it for right now it would be between $735k and $750k.
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Old 02-12-2015, 01:00 PM   #25
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Originally Posted by heeyy_joe View Post
Work until you have all your social security credits. Avoid the zero years.

I believe that SS takes your highest 35 years... My first year was in 1979 (ok it was only $778 in '79 and $301 in '80) so I won't have any zero years, just a few small ones!
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Old 02-12-2015, 01:02 PM   #26
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Congrats!!!

That's way more than enough for us to pull the trigger & we're 43 & 48. You just need to reduce your expenses. I don't think we could spend 100K/yr if we tried.

I agree that we could reduce our expenses, I believe we could cut our $100k by a third if we sold our house and bought a slightly smaller one a bit further away from Boston. At least that is our current plan.
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Old 12-28-2017, 03:30 PM   #27
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Well... I have not updated this in a couple years, and I believe that 2018 will be the year...
My IRA/401K is $1.6mm
My Roth 401K is $241k
My liquid investments have grown to $1.82mm

My Primary residence if valued at $800k and I owe $250k
I purchased a retirement home for $400k and owe $140k
I plan on selling my home this spring and assuming I sell my home and pay off both notes, I should add $410k to the savings account.

That should all total just above $4mil. I need about $80k-$100k a year, which would be 2-2.5% withdrawal rate.

Now I just need to suck it up and make the move.
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Old 12-28-2017, 03:46 PM   #28
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Congratulations! If you donít mind sharing-what age will you be at retirement?
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Old 12-28-2017, 04:15 PM   #29
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Congratulations! If you donít mind sharing-what age will you be at retirement?
I will be turning 54 in the summer of 2018.
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Old 12-29-2017, 05:39 AM   #30
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Nice work! Well done. Only thing left to do is retire!
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Old 12-30-2017, 10:43 AM   #31
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Well done! What are you waiting for?? Get out of there and onto Belize man!
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