Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Hello from Texas
Old 07-18-2002, 01:03 PM   #1
Dryer sheet wannabe
 
Join Date: Jul 2002
Posts: 22
Hello from Texas

I'm 47 and looking to retire just as soon as I can. I work in the high tech field and I'm very glad to have been saving money since I was 25. The various calculators say I'm really close to FI, but I worry about health insurance. Also, I worry that I have correctly calculated my financial needs for retirement.

Laura
lauraf13 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 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!

Re: Hello from Texas
Old 07-19-2002, 10:15 AM   #2
Early-Retirement.org Founder
Developer of FIRECalc
dory36's Avatar
 
Join Date: Jun 2002
Posts: 1,840
Re: Hello from Texas

Welcome!

On the topic of "how much will I need" -- obviously, if you change your lifestyle by travelling more, etc., there will perhaps be a financial impact.

However, to maintain your current lifestyle, here are some things that will reduce your expenses from today's spending:
  • No more commuting; perhaps one less car, cheaper insurance, etc.
  • No more work clothes, less dry cleaning, etc.
  • No more work lunches
  • Much reduced taxable income, so much reduced taxes]
  • No more savings for retirement, through 401k, Social Security, and after-tax savings
You'll have to go through your own figures, but I'll bet you'll find that your current lifestyle costs you no more than half your gross pay.

Good luck!

Dory36

__________________
Often uninformed, seldom undecided.

Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. Mark Twain
dory36 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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
Texas Trip REWahoo Other topics 40 05-13-2007 02:26 PM
Retiring in Texas? Rustic23 Life after FIRE 48 04-07-2007 02:20 PM
Texas Wife Indicted After Lover Killed dex Other topics 2 03-30-2007 08:23 PM
New old news from Texas for old ERs dory36 FIRE and Money 11 10-09-2005 09:58 AM
Anyone want to excavate or survey in Texas? mickeyd Other topics 0 06-08-2004 02:22 PM

» Quick Links

 
All times are GMT -6. The time now is 02:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.