AnotherAverageJoe
Confused about dryer sheets
Hello everyone!
I live in the Boston area working as an engineer at a large software company that begins with an O and ends with racle. Been thinking about early retirement for as long as I can remember - w*rk is sometimes satisfying but mostly just grueling. I'm thirty two years old and have been in software engineering and support for 11 years now. I readily admit that there are days when I feel like I can't take much more, and it is on those days that the thought of FI and early retirement keeps me afloat.
A bit of background:
A few years ago I was single and socking away boatloads of cash. Now I'm living with my wife in a single family house we purchased together in mid 2008. I've definitely had to readjust my thinking regarding the year I can realistically retire, due to three things:
1. The stock market catastrophe of the last couple of years
2. The real estate meltdown
3. The fact that I've been putting an awful lot of money into the house in a short period of time (new roof, new windows and doors, exterior insulation, sump pump, and exterior paint job = appx 32K, of which I paid half.)
Other than the exterior painting job, all of the other w*rk was absolutely necessary (and I don't think we'll be doing anything else!!) but I do feel that I've gotten off track in terms of my savings goals, which is part of the reason I wanted to join this forum; I desperately want to get out of the grind and into real living.
Here's where I am:
Age: 32
Income: 119K
401K: 130K, mostly in domestic and international index funds, stocks and commodities
Other investments: About 70K in stocks and bonds with Vanguard, and a 10K emergency cash fund
Mortgage: 510K, which seems crazy until you consider that I only pay 50% of the monthly as my partner is responsible for the remainder (We're a dual-income couple right now. Might change if we have kids.)
Debt: Nothing other than the house
Assets: Our house is valued at roughly 650K, and we did put 20% into it at purchase time, so I should be able to claim half of the 130K equity as my own asset.
This puts my approximate net worth at around 270-290Kish, depending on the month that I'm evaluating the value of my fluctuating assets.
Just looking for support and knowledge from the community here as I try to get back on track, concentrating on putting money into my 401K and outside accounts, rather than continuing to shovel money into my house. I can't believe it's taken me until 2009 to find this wonderful forum.
I live in the Boston area working as an engineer at a large software company that begins with an O and ends with racle. Been thinking about early retirement for as long as I can remember - w*rk is sometimes satisfying but mostly just grueling. I'm thirty two years old and have been in software engineering and support for 11 years now. I readily admit that there are days when I feel like I can't take much more, and it is on those days that the thought of FI and early retirement keeps me afloat.
A bit of background:
A few years ago I was single and socking away boatloads of cash. Now I'm living with my wife in a single family house we purchased together in mid 2008. I've definitely had to readjust my thinking regarding the year I can realistically retire, due to three things:
1. The stock market catastrophe of the last couple of years
2. The real estate meltdown
3. The fact that I've been putting an awful lot of money into the house in a short period of time (new roof, new windows and doors, exterior insulation, sump pump, and exterior paint job = appx 32K, of which I paid half.)
Other than the exterior painting job, all of the other w*rk was absolutely necessary (and I don't think we'll be doing anything else!!) but I do feel that I've gotten off track in terms of my savings goals, which is part of the reason I wanted to join this forum; I desperately want to get out of the grind and into real living.
Here's where I am:
Age: 32
Income: 119K
401K: 130K, mostly in domestic and international index funds, stocks and commodities
Other investments: About 70K in stocks and bonds with Vanguard, and a 10K emergency cash fund
Mortgage: 510K, which seems crazy until you consider that I only pay 50% of the monthly as my partner is responsible for the remainder (We're a dual-income couple right now. Might change if we have kids.)
Debt: Nothing other than the house
Assets: Our house is valued at roughly 650K, and we did put 20% into it at purchase time, so I should be able to claim half of the 130K equity as my own asset.
This puts my approximate net worth at around 270-290Kish, depending on the month that I'm evaluating the value of my fluctuating assets.
Just looking for support and knowledge from the community here as I try to get back on track, concentrating on putting money into my 401K and outside accounts, rather than continuing to shovel money into my house. I can't believe it's taken me until 2009 to find this wonderful forum.