Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 09-17-2016, 06:02 PM   #21
Full time employment: Posting here.
CaliKid's Avatar
 
Join Date: Apr 2016
Location: Cali
Posts: 514
Seems a bit tight to me. All those rentals could incur big ticket expenses and/or be empty for a while and/or have rents go way down. I would work a bit longer and really focus on saving/mortgage spend down.
__________________

__________________
______________________
Hoping to get out around September 1, 2022... I hope, I hope, I hope. Until then off to work I go....
CaliKid 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 09-17-2016, 06:47 PM   #22
Full time employment: Posting here.
Just_Steve's Avatar
 
Join Date: Apr 2016
Location: Dutchess County
Posts: 821
Quote:
Originally Posted by SonofCohoes View Post
When she retires she wants to sell the primary residence and move right away. She doesn't want to be retired and stay in the same area were in now. Comment went kinda like, heck with that, I'll just keep working if we're gonna stay here.....
I agree with your wife, if I lived in Troy I would want to move too.
__________________

__________________
Just_Steve is offline   Reply With Quote
Old 09-17-2016, 06:52 PM   #23
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
Quote:
Originally Posted by Just_Steve View Post
I agree with your wife, if I lived in Troy I would want to move too.

__________________
SonofCohoes is online now   Reply With Quote
Old 09-19-2016, 09:09 AM   #24
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
Wife's having lunch with our financial gal today, they've been friends for a long time. I wonder what they'll talk about.
__________________
SonofCohoes is online now   Reply With Quote
Old 09-19-2016, 09:15 AM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,254
Quote:
Originally Posted by SonofCohoes View Post
Wife's having lunch with our financial gal today, they've been friends for a long time. I wonder what they'll talk about.
Probably not how much money you could save over the years by not having a financial gal.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 09-19-2016, 10:17 AM   #26
Thinks s/he gets paid by the post
gauss's Avatar
 
Join Date: Aug 2011
Posts: 1,667
So just to clarify I don't think that you addressed SS in your original post.
Were both of you full career earners?

Did you assume $0 SS for Firecalc. If so, then the results would be very conservative.

-gauss
__________________
gauss is offline   Reply With Quote
Old 09-19-2016, 11:11 AM   #27
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
Quote:
Originally Posted by gauss View Post
So just to clarify I don't think that you addressed SS in your original post.
Were both of you full career earners?

Did you assume $0 SS for Firecalc. If so, then the results would be very conservative.

-gauss

Yes We'll both be able to collect. I was going to start at 62. Take hers at full retirement age.
__________________
SonofCohoes is online now   Reply With Quote
Old 09-19-2016, 11:11 AM   #28
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
Quote:
Originally Posted by harley View Post
Probably not how much money you could save over the years by not having a financial gal.
She only has a small portion, most in with Vanguard.
__________________
SonofCohoes is online now   Reply With Quote
Old 09-19-2016, 11:16 AM   #29
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
Quote:
Originally Posted by CaliKid View Post
Seems a bit tight to me. All those rentals could incur big ticket expenses and/or be empty for a while and/or have rents go way down. I would work a bit longer and really focus on saving/mortgage spend down.
Very true with the rentals, the market could puke too. I think you could really fall victim to all the what ifs and die early just from that added stress.
__________________
SonofCohoes is online now   Reply With Quote
Old 09-19-2016, 12:42 PM   #30
Thinks s/he gets paid by the post
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 2,371
After over 40 years of marriage, I learned many years ago that the DW is always right, regardless of the topic.
__________________
Car-Guy is offline   Reply With Quote
Old 09-23-2016, 07:01 AM   #31
Full time employment: Posting here.
Markola's Avatar
 
Join Date: Nov 2013
Posts: 545
It might be useful to create a future monthly budget for life in the new location as a way to verify that the LCOL area is really that. Some things you'll be able to predict to the dollar, some whole categories disappear, and other categories will surface as wild cards you need to clarify. In our moves cross country, I found figuring out these bite-sized pieces useful to predicting the big picture and reducing surprises.


Sent from my iPad using Early Retirement Forum
__________________
Markola is offline   Reply With Quote
Old 09-25-2016, 09:55 AM   #32
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
Quote:
Originally Posted by Markola View Post
It might be useful to create a future monthly budget for life in the new location as a way to verify that the LCOL area is really that. Some things you'll be able to predict to the dollar, some whole categories disappear, and other categories will surface as wild cards you need to clarify. In our moves cross country, I found figuring out these bite-sized pieces useful to predicting the big picture and reducing surprises.


Sent from my iPad using Early Retirement Forum
Ive done the budgeting for retirement with both our present home and the new location. Having our daughter living in the area for going on 4 years now we have a very good idea of the costs in that local.
__________________
SonofCohoes is online now   Reply With Quote
Old 09-25-2016, 10:00 AM   #33
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
A little update to my suggestion of her retiring earlier than I do. We talked it over and thinking DW may be retiring in 8 months and I'd leave after the 20 I'd suggested. We'd wind up with a little less 401 contributions but be further ahead in cash as her retirement income would be greater than her current take home pay. We're stuffing that 401k pretty full right now.
__________________
SonofCohoes is online now   Reply With Quote
Old 09-25-2016, 02:02 PM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,336
Quote:
Originally Posted by SonofCohoes View Post
Wife's having lunch with our financial gal today, they've been friends for a long time. I wonder what they'll talk about.
Ways to transfer money from wife to financial gal. And BTW why are you not invited?

Ha
__________________
haha is offline   Reply With Quote
Old 09-25-2016, 04:06 PM   #35
Dryer sheet aficionado
 
Join Date: Sep 2016
Posts: 40
Quote:
Originally Posted by haha View Post
Ways to transfer money from wife to financial gal. And BTW why are you not invited?

Ha
Uhhhhhh, too much reminiscing.
__________________

__________________
SonofCohoes is online now   Reply With Quote
Reply


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
1 year into retirement and going to try a part time consulting gig jabbahop Life after FIRE 24 03-31-2016 04:25 PM
Full time to part time...to no time! WestcoastRN Hi, I am... 13 11-17-2013 01:02 PM
Last part-time gig now history Rich_by_the_Bay Life after FIRE 36 01-19-2011 07:48 PM
Passed Out At Gig TromboneAl Health and Early Retirement 17 04-01-2007 11:47 PM
4 days until ER and hey I just got a great part time gig! newguy88 Life after FIRE 6 12-19-2006 09:21 AM

 

 
All times are GMT -6. The time now is 09:40 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.