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01-19-2015, 09:28 AM
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#41
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by REWahoo
It can be - if you meet one or more of the following criteria:
1) You have an absolutely bulletproof source of future income that will keep up with inflation.
- or -
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Probably the only thing that meets this criterion is a Federal or high quality COLA municipal/state pension. Poster example would be armed forces. The rest of us to some extent will be winging it.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-06-2018, 10:21 PM
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#42
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Dryer sheet aficionado
Join Date: May 2012
Location: Valrico
Posts: 30
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Update
Well it's been over 4 years since I found this group and posted the original post in the forum. I have benefited greatly from all of the kind advice and knowledge you have all shared. Although I don't post often, I do read the forum daily. My DH will have his last day in the office this friday, March 9, 2018. It took us a little longer than originally planned but, his work wanted him to stay until they could get him replaced. As payment for his time, they have granted him a severance of 2 years of full pay and benefits. We have managed to raise our investible assets to just over 6 mill and should be able to save an additional $600 K over the next 2 years.
Thank you to all that have helped along the way! This is a great group here!
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03-07-2018, 04:30 AM
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#43
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,001
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Sounds like you are in very fine shape $ wise.
__________________
"The mountains are calling, and I must go." John Muir
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03-07-2018, 05:11 AM
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#44
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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Great job and congratulations!
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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03-07-2018, 08:49 AM
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#45
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,139
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Quote:
Originally Posted by Aquafit2
Well it's been over 4 years since I found this group and posted the original post in the forum. I have benefited greatly from all of the kind advice and knowledge you have all shared. Although I don't post often, I do read the forum daily. My DH will have his last day in the office this friday, March 9, 2018. It took us a little longer than originally planned but, his work wanted him to stay until they could get him replaced. As payment for his time, they have granted him a severance of 2 years of full pay and benefits. We have managed to raise our investible assets to just over 6 mill and should be able to save an additional $600 K over the next 2 years.
Thank you to all that have helped along the way! This is a great group here!
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WOW - great! Nice severance package too! Having two years of benefits is a huge help! What a bonus!
__________________
Retired since summer 1999.
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03-07-2018, 08:58 AM
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#46
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Recycles dryer sheets
Join Date: Jan 2012
Posts: 442
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Quote:
Originally Posted by Aquafit2
Well it's been over 4 years since I found this group and posted the original post in the forum. I have benefited greatly from all of the kind advice and knowledge you have all shared. Although I don't post often, I do read the forum daily. My DH will have his last day in the office this friday, March 9, 2018. It took us a little longer than originally planned but, his work wanted him to stay until they could get him replaced. As payment for his time, they have granted him a severance of 2 years of full pay and benefits. We have managed to raise our investible assets to just over 6 mill and should be able to save an additional $600 K over the next 2 years.
Thank you to all that have helped along the way! This is a great group here!
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Congratulations! You have done a fine job building your nest egg.
Best wishes as you start the retired life.
Rick
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03-08-2018, 09:32 AM
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#47
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Full time employment: Posting here.
Join Date: Jul 2014
Posts: 930
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Congratulations! Always like to hear a good update. What have you decided about post-retirement asset allocation? Are you moving out of stocks, or keeping some stock allocation?
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03-08-2018, 09:46 AM
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#48
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,369
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Great news on the severance package! Enjoy your retirement, I agree that you have done well with savings and you are set.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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03-08-2018, 10:03 AM
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#49
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Dryer sheet aficionado
Join Date: May 2012
Location: Valrico
Posts: 30
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Quote:
Originally Posted by Katiek
Congratulations! Always like to hear a good update. What have you decided about post-retirement asset allocation? Are you moving out of stocks, or keeping some stock allocation?
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Thank you! I can't even calculate how many hours I have spent researching investing. I came up with a plan that I felt would meet our "being able to sleep at night" criteria and shared it with DH. Of course he didn't feel comfortable with my analysis so he scheduled us to meet with a financial advisor that he trusts. When we walked out of our final meeting with the advisor, we had in our hands, a financial plan printed out that resembled pretty close to exactly what I had planned. It was a nice "SEE I TOLD YOU SO" moment.
We have settled on 50% Total Stock (VTSAX) 10% Total International (VTIAX) 20% in a few different bonds indexes 10% Vanguard Real Estate Index ((VGSLX) 10% in Vanguard prime money market.
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03-09-2018, 08:44 AM
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#50
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Full time employment: Posting here.
Join Date: Jul 2014
Posts: 930
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Sounds like a good mix that gives you some security and also helps protect against inflation.
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03-10-2018, 03:45 PM
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#51
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Recycles dryer sheets
Join Date: Mar 2012
Posts: 388
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Nice work and congratulations. No reason to lose any sleep with what you have there.
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