Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Re: Introduce yourself here!
Old 02-23-2005, 03:11 PM   #281
 
Posts: n/a
Re: Introduce yourself here!

Hello playaman! We did not research 55+ communities
because we did not think they would work for us.
However, I understand the appeal. In fact, a friend
retired and moved to "The Villages" in Florida and he
claims they love it. My wife and I are more tuned
to being off by ourselves and speaking for myself, I tend
to be a bit of a loner and self-entertaining. OTOH,
some day we might look into it (55+ spots).

JG
__________________
 
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: Introduce yourself here!
Old 02-24-2005, 07:27 PM   #282
Confused about dryer sheets
 
Join Date: Feb 2005
Posts: 1
Re: Introduce yourself here!

Hello everyone...just found this site. Think it is wonderful. I am 50 yrs old, raising a 3 yr old granddaughter. Working...but very concerned about getting ready for Retirment. Have just over $30K saved and worried a bout how we will get there? Any suggestions.
__________________

__________________
bubbie2leo is offline  
Re: Introduce yourself here!
Old 02-25-2005, 08:26 AM   #283
Thinks s/he gets paid by the post
 
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,694
Re: Introduce yourself here!

There are a lot of folks who can help with your question but they will need a lot more details. Do you expect a pension? How much from Social Security? How about real estate? One big issue for some folks is medical costs. You may have enough assets around elswhere but if it is only $30K in total resources you are about $1M short by conventional measurements.
__________________
T.S. Eliot:
Old men ought to be explorers
yakers is offline  
Re: Introduce yourself here!
Old 03-03-2005, 06:34 AM   #284
Dryer sheet wannabe
 
Join Date: Jan 2005
Posts: 23
Re: Introduce yourself here!


Hello All,

I'm 57 1/2 and in my first week of early retirement. I must say I'm absolutely enjoying my ER. I'm still decompressing from my final job in which I was on call for 24/7, 365. Now I can sleep through the night without worrying about a phone call from work. I'm also struck by how many work related issues I took home with me without even realizing it. And how much these work related issues interfered with my home life. Those issues are gone and I no longer have to think about them.

I've joined a gym. I plan on working out, taking care of my health, taking charge of my life, enjoying my family, and enjoying my time.

This is a great forum and I've gotten a lot of excellent information from it.

Twincity

__________________
twincity is offline  
Re: Introduce yourself here!
Old 03-03-2005, 01:11 PM   #285
Dryer sheet aficionado
 
Join Date: Mar 2005
Location: Alexandria
Posts: 47
Re: Introduce yourself here!

I have enjoyed reading the posts to this forum for some time and have learned a great deal. I feel that the discussions are always worthwhile and have gone a long way toward assisting me in making the decision to retire.

I am 58, single and will receive a $27K pension (COLA). I have a 401(k) from a previous employer of $267K that I have not yet rolled-over to an IRA. My present 401(k) has only $5K, but I have an IRA with $41K and a Roth IRA that has about $18K. I also have approximately $85K in cash and $50K in taxable investments. My allocation is 50/50, not counting the cash.

The equity in my home is around $300K and I plan to relocate (although I haven't actually determined where I would like to go at this point). I drive a ten year-old pickup truck and spend only moderately.

FIRECALC indicated that I might be able to count on a yearly gross income of over $60K, which seems like more than enough to survive or even prosper, based on what I have read here.

I would like to know if this is a valid assumption. Also, is a period of part-time work prior to selling my home and relocating worth considering at this point? I should point out that I enjoy my job (but not the commute). However, I would also like to take advantage of my remaining years of good health and possibly spend some time on pursuits other than work: travel, hobbies, visiting friends and family, etc.

Your responses and advice would be most welcome.

__________________
Chester_A._Riley is offline  
Re: Introduce yourself here!
Old 03-03-2005, 01:31 PM   #286
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Introduce yourself here!

Chester, the cola pension has a lot of value so long so long as the source of the pension is healthy. I assume you are eligible for social security when you reach age 62--do you have an idea what that amount is? I assume the home is mortgage free? Do you also have retirement health insurance? If so, you look in good shape to me.

__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline  
Re: Introduce yourself here!
Old 03-03-2005, 01:41 PM   #287
Dryer sheet aficionado
 
Join Date: Mar 2005
Location: Alexandria
Posts: 47
Re: Introduce yourself here!

Thanks, Martha. My home has an $180k mortgage, but the homes around me appear to be selling within a week or two, so I am not really concerned. My last social security statement noted a $1340 monthly benefit at age 62 (I suppose this is IF I continue to work ‘til 62?). And, yes, my health insurance will continue at my group rate until I am eligible for Medicare, although I must pay the monthly charges, once retired.
__________________
Chester_A._Riley is offline  
Re: Introduce yourself here!
Old 03-05-2005, 05:35 AM   #288
 
Posts: n/a
Re: Introduce yourself here!

Hello Chester! If I was single with what you have, I
could hang it up and live the Life of Riley Good luck!

JG
__________________
 
Re: Introduce yourself here!
Old 03-05-2005, 01:04 PM   #289
Dryer sheet aficionado
 
Join Date: Mar 2005
Location: Alexandria
Posts: 47
Re: Introduce yourself here!

Thanks, JG. I am impressed that you noticed the William Bendix link. 8)

I have a great deal of respect for the critical manner in which members of this forum approach most questions. The real life experience of the folks that post here is very valuable. It is quite revealing that the net worth required for FI has proven to be so much less than I was led to believe by the alleged financial experts in the MSM.

So, since there have been no negative comments, I suppose that I am in pretty fair shape financially. And I have no reason to claim "Wotta revoltin development this is!"
__________________
Chester_A._Riley is offline  
Re: Introduce yourself here!
Old 03-13-2005, 03:48 PM   #290
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Introduce yourself here!

Hi Rile,

Sounds like the sale of your home and where and how much you spend for the next Casa de Riley is an important ingredient in your financial future. If you can sell high and buy low in an area that suits you... you'll be home free!

BUM
__________________
In a panamax down by the river.
BUM is offline  
Re: Introduce yourself here!
Old 03-14-2005, 08:43 AM   #291
Dryer sheet aficionado
 
Join Date: Mar 2005
Location: Alexandria
Posts: 47
Re: Introduce yourself here!

I suppose that's the way I should be thinking at this point, Bum. Having a home that is mortgage-free is certainly an essential ingredient. I have been considering a move to Tennessee; I have lived in Florida, which seems to be the usual retirement destination, in the past and found the extended hot weather a bit too much for me.

Am I correct in assuming that I am otherwize within a comfortable margin for covering normal living expences?

I am rather frugal (cheap) and rarely spend on expensive items without an extremely detailed examination.
__________________
Chester_A._Riley is offline  
Re: Introduce yourself here!
Old 03-14-2005, 10:24 AM   #292
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Re: Introduce yourself here!

Quote:
Am I correct in assuming that I am otherwize within a comfortable margin for covering normal living expences?
I am rather frugal (cheap) and rarely spend on expensive items without an extremely detailed examination.
Someone with your resources who is comfortable being cheap should be absolutely OK.

As I see it, your immediate income will be $27,000 pa. In 4 years, that will increase with SS by $16,080 to $43,080. You have $300,000 home equity that you hope to pull out soon, and $461,000 in various taxable and retirement investment assets. You have adequate liquidity for your short term needs, and to bridge until your home is sold or your SS kicks in. If you capitalize your assets with an SWR of 3-4%, you get somehere around $22,000 to $29,000 additional. So you would have at least $65,000 to pay rent or mortgage, health insurance and your other expenses.

If you feel that you have some specific area of vulnerability that we haven't noticed, just point it out.

But knowing only the above, it looks good to me!

Mikey
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline  
Re: Introduce yourself here!
Old 03-14-2005, 10:40 AM   #293
Dryer sheet aficionado
 
Join Date: Mar 2005
Location: Alexandria
Posts: 47
Re: Introduce yourself here!

Thank you, mikey. There are no areas of vulnerability that I am aware of at this point.

A quick analysis by a person with no stake in my situation, and has some experience with retirement, is exactly what I needed.

The real world information available on this board is very valuable and is most appreciated.
__________________
Chester_A._Riley is offline  
Re: Introduce yourself here!
Old 03-23-2005, 11:37 PM   #294
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 90
Re: Introduce yourself here!

Greetings 8). Chanced upon site - seems to be genuinely nice (and clever) folks here. I'm Irish, but work and live in both Europe & US. Work is Derivatives Trading/IT. Hobbies: Music (2CD's), Film (half a dozen scripts), Cycling, Travel. If anyone has any thoughts or has tried the stuff below please let me know.


Q1. Good time to convert Euro assets to US$ or not?
(Long-term outlook for US and the dollar?)

Q2. Tax haven work, anyone ever ventured?

Q3. ER income from Real-Estate or Equities?
(The numbers appear close 3.5% rental yields vs ~4% Fund SWR, but which is safer/better re: Q4.)

Q4. Lifesavings secure in Funds after Worldcon/Enrot/Equitable Life?

Q5. House price correction risk as rates go up?

Q6. ER to Canada or US?

Q7. Prop arbitrage i.e. buy a home now in CA (>20% apprec), and sell home in IL (<8% apprec)?

Q8. Locking in FX rates. Read the posts but this still seems a tricky area . . .

Q9. Anyone Trade / mgt their own portfolios / Assets?
__________________
1.Convert Euro assets to US$ now or not?<br />2.Tax haven work, anyone ventured?<br />3.ER income from Real-Estate or Equities?<br />4.ER to Canada or US?<br />5.Lifesavings secure in Funds after Worldcon/Enrot/Equitable Life?<br />6.House price correction risk as rates go up?<br />7.Prop arbitrage i.e. CA &gt; 20% IL&lt;8%?
ER@40 is offline  
Re: Introduce yourself here!
Old 03-27-2005, 05:49 PM   #295
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 699
Re: Introduce yourself here!

Hi folks,

Another potential refugee from NFB here, like Bookm.
I have lurked here occasionally, seems like a nice group
of people. I'm an American living in Japan, not particularly
looking to RE (I like my job), but certainly interested in FI,
because you just never know what the future will bring.
Having lived in the US in the 70s/80s, with one year in the
UK in there, and Japan in the 90s/00s, I have seen a lot
of economic malaise in my life, and I don't think that I would
trust any good times to last, should I ever find myself in the
right time and place to experience them. My basic strategy
is to emphasize saving, diversification, and low costs.

But enough about me for now. See you around,
Bpp

__________________
bpp is offline  
Re: Introduce yourself here!
Old 03-27-2005, 09:20 PM   #296
Recycles dryer sheets
 
Join Date: Aug 2004
Posts: 218
Re: Introduce yourself here!

Hi Bpp!

It's good to see you here!

Beachbumz 8)
__________________
Life is good.
Beachbumz is offline  
Re: Introduce yourself here!
Old 03-28-2005, 01:02 AM   #297
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 699
Re: Introduce yourself here!

Thanks, Beachbumz!

Bpp
__________________
bpp is offline  
Re: Introduce yourself here!
Old 03-28-2005, 02:09 AM   #298
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 79
Re: Introduce yourself here!

Greetings bpp, short time no see. Nice to see you here. I'm happy to know you'll be here to talk with as well.

Bookm
__________________
Bookm is offline  
Re: Introduce yourself here!
Old 03-28-2005, 07:13 AM   #299
Recycles dryer sheets
 
Join Date: Aug 2004
Posts: 218
Re: Introduce yourself here!

Hi Bookm!

It's good to see you over here too!

Beachbumz 8)
__________________
Life is good.
Beachbumz is offline  
Re: Introduce yourself here!
Old 03-28-2005, 07:19 AM   #300
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 79
Re: Introduce yourself here!

Quote:
Hi Bookm!

It's good to see you over here too!

Beachbumz *8)
Likewise Beachbumz. I didn't know you were so active here. All the boards combined you posted at in the recent past, you have been quite busy.

I don't know if you read my question I posted at NFB the last day there or not, but I didn't get to find out if you did. It was about a place in Port Canaveral called Grills tiki bar?

Bookm
__________________

__________________
Bookm is offline  
Closed Thread


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
Re: Introduce yourself here! choices1945 Hi, I am... 3 05-04-2007 07:14 PM
Time to introduce myself... bugs8 Hi, I am... 5 04-22-2007 07:45 PM
Allow me to introduce myself eyenitnoy Hi, I am... 10 06-14-2006 07:01 PM
Finally Going to Introduce Myself TromboneAl Hi, I am... 14 05-03-2005 10:49 AM
Introduce yourself here GoulashBrother Hi, I am... 17 10-28-2004 03:21 PM

 

 
All times are GMT -6. The time now is 06:52 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.