Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Hi I am Drums Newbie
Old 10-27-2019, 11:25 AM   #1
Confused about dryer sheets
 
Join Date: May 2019
Location: small
Posts: 5
Hi I am Drums Newbie

Hello just wanted to introduce myself. Been lurking for a short while and understand I need to come out and say hello. I am a 55 y/o SFM who just sold her biz. Not sure what I may do for the next chapter. But for now I am taking time away from work. Through this group I hope to learn enough to manage my portfolio and stay out of the financial dog house. Also Ive been getting motivated to retire now and begin to enjoy life more without running as business full time.

Without going into too much detail my expenses run about $150K annually and I have no debt. My biggest expense is healthcare and property tax ($1MM home). My liquid retirement funds total $4.3MM (Mostly tax sheltered) and are invested into balanced portfolios at Schwab, Fidelity, and Merrill. I keep about $100K in money markets for emergency. I am sure you all have more questions but with my recent calculations it seems I am OK financially to stop working. Anyway just wanted to say hello and I'll post in from time to time.
drums 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!

Old 10-27-2019, 11:27 AM   #2
Thinks s/he gets paid by the post
grasshopper's Avatar
 
Join Date: Oct 2010
Posts: 2,471
Pull up a chair, lots of good stuff here, retired at 54 and Ms.G at 50.
__________________
For me experiences are not good or bad, just different
grasshopper is online now   Reply With Quote
Old 10-27-2019, 11:40 AM   #3
Thinks s/he gets paid by the post
 
Join Date: Jul 2015
Location: Beaverton
Posts: 1,382
Well, you're in great shape financially. Take some time and relax. See how it fits. My sister retired several times and that was her choice. Me, I just wanted to do it once. Keep in touch
__________________
Jump in, the water's warm.
Bir48die is offline   Reply With Quote
Old 10-27-2019, 12:12 PM   #4
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
Welcome Drums. Looking forward to hearing more about you.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
rodi is online now   Reply With Quote
Old 10-27-2019, 12:20 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
Welcome to our wonderful forum.
Looking forward to additional posts. Nice to see a "Fatfire" post once in awhile.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 10-28-2019, 06:26 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,327
Welcome to the forum. What is an SFM?
__________________
Idleness is fatal only to the mediocre -- Albert Camus
donheff is offline   Reply With Quote
Old 10-28-2019, 06:56 AM   #7
Confused about dryer sheets
 
Join Date: May 2019
Location: small
Posts: 5
Quote:
Originally Posted by donheff View Post
Welcome to the forum. What is an SFM?
so sorry, I am new at the abbreviation game. I am a single female. Not sure that matters on this site but posted anyway.
drums is offline   Reply With Quote
Old 10-30-2019, 11:03 AM   #8
Thinks s/he gets paid by the post
GravitySucks's Avatar
 
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
Welcome.
Health insurance and tax are my largest expenses too, even with a small megacorp subsidy and a much less expensive home.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
GravitySucks is offline   Reply With Quote
Old 10-30-2019, 11:16 AM   #9
Recycles dryer sheets
 
Join Date: Jul 2008
Location: .
Posts: 398
Welcome Drums,
Congratulations on your decision to FIRE. Your initial profile looks like you are in good shape. Take your time and learn how to manage your own finances. Be careful of any advisers that offer to help.

My expenses are about $140k per year. My biggest non-discretionary expenses are also health care and property taxes.
__________________
__________________________________________
"If things go wrong, don't go with them" -Roger Babson
Doribe 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
FireCalc Newbie: Wide variability-final portfolio Delawaredave5 FIRE and Money 14 03-16-2005 07:50 AM
Another newbie pjdaddy Hi, I am... 4 09-07-2004 05:05 AM
Newbie Sock_It_Away Hi, I am... 1 03-26-2004 11:01 AM
another newbie lb Hi, I am... 5 02-23-2004 07:17 AM
Re: Another $#@^%# newbie! unclemick Hi, I am... 0 12-23-2003 02:00 PM

» Quick Links

 
All times are GMT -6. The time now is 04:29 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.