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Old 12-16-2013, 11:14 PM   #21
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Originally Posted by plowking View Post
gave notice today! two weeks notice! 12-31-13 last day! Just locked in CD @ penfed 3.04%apy. I have mixed feeling excited and a little scared... hope my math is correct,i have run every calculator on the net! No turning back now.Full speed ahead!!
Oooh yeah, plowking! Way to go, I love reading about people breaking away especially at year end.

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Old 12-16-2013, 11:16 PM   #22
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Good luck! It sounds like you have your retirement finances well planned out.
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Old 12-18-2013, 08:54 AM   #23
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Congratulations Plowking! Good move on the housing front. It's nice to have these posts all together from 2009 to now showing a successful plan. Gives hope to those of still working and "panning".
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Old 12-18-2013, 01:17 PM   #24
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Congrats!!! Well done.


Quote:
Originally Posted by plowking View Post
gave notice today!
two weeks notice!
12-31-13 last day!
Just locked in CD @ penfed 3.04%apy.
I have mixed feeling excited and a little scared...
hope my math is correct,i have run every calculator on the net!
No turning back now.Full speed ahead!!
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Old 12-19-2013, 01:09 AM   #25
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Congrats!
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Old 12-19-2013, 01:28 AM   #26
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Congrats. I am always a little concerned when someone has the entire portfolio in CD's. As you've mentioned prices go up - sometimes by a lot. All CD portfolios are really subject to being eaten up by inflation. I know you have a pension, but if it doesn't have a COLA it is also subject to being eaten by inflation. It may be that your expenses are low enough that you can survive on a very low withdrawal rate, but you might want to run the numbers. Portfolios without any equities require a much lower withdrawal rate to be successful.
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Old 12-19-2013, 10:27 AM   #27
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Originally Posted by Katsmeow View Post
Congrats. I am always a little concerned when someone has the entire portfolio in CD's. As you've mentioned prices go up - sometimes by a lot. All CD portfolios are really subject to being eaten up by inflation. I know you have a pension, but if it doesn't have a COLA it is also subject to being eaten by inflation. It may be that your expenses are low enough that you can survive on a very low withdrawal rate, but you might want to run the numbers. Portfolios without any equities require a much lower withdrawal rate to be successful.
And a portfolio with a good percentage in equities can lose as much value in less than a week as a CD portfolio may lose to inflation over a number of years.
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