Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Going to mug an 84 year old women
Old 05-29-2008, 04:55 PM   #1
Recycles dryer sheets
lemming's Avatar
Join Date: May 2008
Posts: 377
Going to mug an 84 year old women

I have been running firecalc on my numbers and the numbers all work out for a 25 year run then I run into a 5% -10% failure rate. Or a 90% success rate if I'm feeling more like the glass is half-full-which I never do.

Portfolio balance now about $680,000.

One of the financial books I read last year was the Lucas "Buckets of Money"
Great title -really lousy book but I got one tidbit of information I want to keep; It's okay to spend principal when you have a separate portfolio for growth. So I have designated a bucket#1 for 3 years of expenses along with the dividend income during those years from a Utilities stock (yearly dividends =$8000. Then I start to burn through that stock for a 5 year term. Figured on a 4% increase in spending per year.

When I get to 67 ,the plan is that 3rd bucket will have grown, social security will cover 30% of my expenses and the time line will then take me to age 93.

I have considered medical. Policies look affordable-but are they available Will rant about that later.

lemming is offline   Reply With Quote
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 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!

Old 05-29-2008, 05:10 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2004
Posts: 10,894
- Welcome to the board.
- You may want to pay a visit to the FAQ Forum if you haven't been there yet. Theres a FAQ on Lucia's Buckets. There are some bucket believers here.
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Mug Shots TromboneAl Other topics 4 10-06-2007 05:05 PM
Men Choose Women on Looks; Women Rate Themselves and Try For Best They Can Likely Do haha Other topics 44 09-15-2007 08:48 PM
PSA for Women kjrn Other topics 4 06-02-2007 01:06 PM
What Women Want 2B FIRE and Money 92 01-04-2007 05:46 PM
Mel takes a pretty good Mug Shot............... Cut-Throat Other topics 28 08-02-2006 06:03 PM


All times are GMT -6. The time now is 02:04 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.