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Old 05-08-2016, 10:06 AM   #21
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It's like herding cats!
A famous quote from Voltaire is helpful here too, even though so many years have passed: “If you wish to converse with me,define your terms.”
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Old 05-08-2016, 04:15 PM   #22
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I did a quick search and didn't immediately find a poll on retirement portfolio sizes, although I did find this poll on net worth.

If you decide that you want to post a poll of portfolio sizes, go right ahead! Be sure to define what you want people to include. I guarantee you that otherwise, some will include their home, some won't, some will include investment real estate, some won't, and some will include their pension and/or SS, and some won't, some will include cash, some won't.
Hmm, I'd need to explore how a poll is created...never done it and no survey skills . And like you voiced above, it might be tricky. Yesterday I was curious of the size of 401k (or similar plans) + IRA's + Taxable accounts. This would show today's value of their savings. However, it gets a bit muddy as some people save money to buy a rental property that might have a mortgage and maintenance but still an income producing asset (a bit similar to holding REITs or dividend stocks).
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Old 05-08-2016, 04:26 PM   #23
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Hmm, I'd need to explore how a poll is created...never done it and no survey skills . And like you voiced above, it might be tricky. Yesterday I was curious of the size of 401k (or similar plans) + IRA's + Taxable accounts. This would show today's value of their savings. However, it gets a bit muddy as some people save money to buy a rental property that might have a mortgage and maintenance but still an income producing asset (a bit similar to holding REITs or dividend stocks).
When you begin a brand new thread, at the bottom (before you post it) you will see something like what I attached below. Just check that you want it to be a poll, and enter the number of options. In the next step you'll have to state a question, like "How big is your portfolio, as defined in the first post below?" or something like that. Then you'll need to put some verbiage next to each option, like for example "$2,000,001 - $5,000,000" or whatever you decide on for each one.
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Old 05-08-2016, 06:29 PM   #24
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We are living on $160k passive income a year.
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Our initial target was $1,250,000, but after hanging out here for a while, I am now starting to think we need more like $1.5 million
I can appreciate how you might get that impression. But the key thing to keep in mind is that most people here use their financial resources in an optimum manner. And it is those lessons that make the forum worthwhile.
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Old 05-08-2016, 07:58 PM   #25
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When you begin a brand new thread, at the bottom (before you post it) you will see something like what I attached below. Just check that you want it to be a poll, and enter the number of options. In the next step you'll have to state a question, like "How big is your portfolio, as defined in the first post below?" or something like that. Then you'll need to put some verbiage next to each option, like for example "$2,000,001 - $5,000,000" or whatever you decide on for each one.
W2R, now I see you're an admin . Could you help me?
I created the poll here What's the size of your portfolio?, but I made votes public in error. Would you be able to clear the box that says to make poster's vote public instead of deleting the whole post and poll? People won't want to vote for such a nosy persona.

Sorry for hijacking the thread. You can delete this comment as well. Thank you.
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Old 05-08-2016, 08:08 PM   #26
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I agree, this forum is starting to make me feel poor, and that I need several million dollars in order to retire. Our initial target was $1,250,000, but after hanging out here for a while, I am now starting to think we need more like $1.5 milllion so we can spend $20,000/year on health insurance & health expenses if needed. I kind of feel like an underachiever on this forum because we have never made enough to make it into the 25% tax bracket. Then again, maybe I fit in somewhere in between this group & the MMM group. We would have to work until we die to save up $4 or $5 milllion. Then again, maybe that is how much a retired couple will need to successfullly survive the wild west of US health insurance & healthcare costs that may be coming (back) soon.
Fidelity has a rudimentary retirement score that is quite a bit less lofty than some of the numbers commonly thrown around here: https://communications.fidelity.com/pi/2015/retirement/

For what it is worth, we're budgeting $10K a year for age 65+ health costs (2 people X 30 years X $10K = $300K), which is not far off the Fidelity projections of $245K.
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