SeattleRocks
Recycles dryer sheets
- Joined
- Mar 18, 2019
- Messages
- 72
getting closer.... Been trying to hang it up for the last year or two, but the golden handcuffs are hard to get out of. "just when I thought I was out, they pull me back in..."
I'm a young 55 and so is my wife (no kids) - very physically fit and healthy
Live in Pacific Northwest
Been very blessed in my career - basically won the game
Hope to FIRE in 2020 - once I am done, I am totally done
Assets: Approaching $10M
$2M in real estate (paid for)
$1.3M in 401K/IRAs invested in Vanguard Index funds
$6.5M in post tax investments - mostly CDs - all over 3%+ (70%)
In Vanguard as well in boring index funds - low cost (30%)
Zero debt
Lifestyle requires about $160K a year. Will have to pay my own health insurance and no pension.
Not an aggressive investor, was fully invested up to about 6 months ago, felt it was all too frothy, didn't have the gut to ride out another downturn so pulled out and went to cash. I know, I know...but I am of the philosophy that if you won the game, why play. Lets me sleep at night. Safe 3% returns are fine by me. I don't need to leave anything to anybody.
I like my work and the social aspect of it plus the perks which are many. But the stress is a killer, 70% on a plane, put so many things I want to do on the back burner and finally woke up that time is the most valuable asset any of us has and you aren't guaranteed any of it.
So, just told the company last week that I am done in less then 12 months so the countdown begins. When I retire, I have an opportunity to teach a day a week which will be great. Just starting to unwind it all and plan for the last part of my life...
Thanks to this forum. It is very well run and some great insight.
I'm a young 55 and so is my wife (no kids) - very physically fit and healthy
Live in Pacific Northwest
Been very blessed in my career - basically won the game
Hope to FIRE in 2020 - once I am done, I am totally done
Assets: Approaching $10M
$2M in real estate (paid for)
$1.3M in 401K/IRAs invested in Vanguard Index funds
$6.5M in post tax investments - mostly CDs - all over 3%+ (70%)
In Vanguard as well in boring index funds - low cost (30%)
Zero debt
Lifestyle requires about $160K a year. Will have to pay my own health insurance and no pension.
Not an aggressive investor, was fully invested up to about 6 months ago, felt it was all too frothy, didn't have the gut to ride out another downturn so pulled out and went to cash. I know, I know...but I am of the philosophy that if you won the game, why play. Lets me sleep at night. Safe 3% returns are fine by me. I don't need to leave anything to anybody.
I like my work and the social aspect of it plus the perks which are many. But the stress is a killer, 70% on a plane, put so many things I want to do on the back burner and finally woke up that time is the most valuable asset any of us has and you aren't guaranteed any of it.
So, just told the company last week that I am done in less then 12 months so the countdown begins. When I retire, I have an opportunity to teach a day a week which will be great. Just starting to unwind it all and plan for the last part of my life...
Thanks to this forum. It is very well run and some great insight.