Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-05-2014, 05:46 PM   #21
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,165
Quote:
Originally Posted by redduck View Post
You'd give up your moderator's job? No way!!!
I'd probably fit better over at Boglehead's site with all the rich folks and LadyGeek!
__________________

__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 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 12-09-2014, 10:05 AM   #22
Confused about dryer sheets
 
Join Date: Dec 2014
Posts: 2
Thanks for all the replies, So I'm 48 now, no debt, have a little over 1 million dollars in stocks and cash, but looking at a significant windfall in the next few years, thinking at about age 51. Not sure where to put the 8.5 or more million to maintain a 200,000 dollar yearly budget for all expenses, without touching the principal. Married with 2 young kids, currently 6&8, live in the South, no state income tax. Property taxes and insurance run about 10,000 dollars a year.
__________________

__________________
blindsurgeon is offline   Reply With Quote
Old 12-09-2014, 10:23 AM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,439
Quote:
Originally Posted by blindsurgeon View Post
....Not sure where to put the 8.5 or more million to maintain a 200,000 dollar yearly budget for all expenses, without touching the principal. ....
Psst.... Wellesley.

Vanguard Wellesley Income Fund would be an easy/peasy place for it. In some bad years you might have to dip into principal, but it is unlikely unless you had a very bad sequence of returns.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is online now   Reply With Quote
Old 12-09-2014, 02:07 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 6,334
Quote:
Originally Posted by pb4uski View Post
Psst.... Wellesley.

Vanguard Wellesley Income Fund would be an easy/peasy place for it. In some bad years you might have to dip into principal, but it is unlikely unless you had a very bad sequence of returns.
+1 on the Psst.... Wellesley fund.

You might want to look at how it performed during the recent crash. It's total return was not quite a negative 10% in 2008, but that was the only negative return year since 2000.

https://finance.yahoo.com/q/pm?s=VWINX+Performance
__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is online now   Reply With Quote
Old 12-09-2014, 06:35 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,473
Quote:
Originally Posted by blindsurgeon View Post
Can a 51 yo with no debt and 8.5 million retire while spending about 200,000 a year?
Yes, if that includes taxes.
__________________

__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   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
A serious question about Secret JustMeUC Other topics 46 01-18-2013 09:55 PM
A serious question (for once), about the theory of buy and hold and down markets AirJordan FIRE and Money 60 03-12-2007 10:29 AM
Getting Serious about Early Retirement bookman51 Hi, I am... 28 05-22-2006 06:17 PM
Are illegal immigrants a serious problem or not? Art Other topics 200 07-09-2005 09:19 AM
Time to get serious!!!! mickeyd Other topics 11 04-03-2005 12:27 PM

 

 
All times are GMT -6. The time now is 04:03 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.