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Old 12-22-2014, 05:17 PM   #21
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Could someone point "the rest of us" in the right direction to find a similar website for "normal age" retirement and "somewhat" higher than median net worth?
<chuckle> no, make that <giggle>
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Old 12-22-2014, 05:47 PM   #22
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I would also suggest giving the site some time. We are going to retire when I am 60 and DW, is 65, so not that early.

We use an FA with a negotiated rate.

We do not live lavishly but are by no means frugal.

So we don't fit a lot of the regular profiles here but we love the site and get a lot out of it. Give it a chance......
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Old 12-22-2014, 07:22 PM   #23
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This site has been one the most useful url's I came across. It's not about having millions to retire. It is about people who live within their means in order to retire early, which I figure is less than 62. You can retire whenever you want, depends on the life you want to lead. After ready numerous posts here, I figured a way of life that I allows me to retire at 58 1/2, one year from now. I will be able to some traveling (although spending weekends in Paris is out now), buy a nice car (although the porche or Ferrari or Alfa romaeo is no longer on the table). Bottom line, I will be living a life where every night is Friday and every day is Saturday. Anyone can do it. Just commit to your own personal lifestyle, pick up a couple of suggestions from this website and plan.


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Old 12-22-2014, 07:23 PM   #24
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Oh and is there some kind of glossary for all the acronyms around here. DW?, FI, FIRE? Etc.


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Old 12-22-2014, 07:34 PM   #25
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Oh and is there some kind of glossary for all the acronyms around here. DW?, FI, FIRE? Etc.
Check this out:

* Acronyms and Slang Frequently Used on the Forum *
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Old 12-22-2014, 07:36 PM   #26
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Oh and is there some kind of glossary for all the acronyms around here. DW?, FI, FIRE? Etc.


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While your looking at those check out: * Acronyms and Slang Frequently Used on the Forum *

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Old 12-22-2014, 07:49 PM   #27
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To the OP:

There are certain things that are universal, regardless of the amount of your nest egg or your age. For example

1. How do I identify, track and manage spending in retirement? What expenses can I realistically expect to forego and what additional expenses have I not given sufficient thought to?

2. If I retire prior to Medicare eligibility, how will I bridge the gap in terms of health insurance? What things does Medicare cover and what does it not?

3. What is the best mix of taxable and non-taxable investments?

4. What is the best portfolio allocation for me?

5. What are my plans for my elder years when I may not be physically or mentally capable of caring for myself?

6. What should I do about my heirs? How should I split my estate? Should I bequeath equally or in proportion to need? Should I gift early?

7. How can I best protect my assets from voluntary or involuntary creditors?

8. What should I do with all my time in retirement? How can I relate to my peers who aren't retired?

9. What can or should I do about profligate relatives or friends?

10. Whats the best way to leave my current employer?

11. How do I downsize? Where should I live?

And many, many more. On this board, I learn answers to questions I didn't even know I should be asking. And I only do that by listening to people who are not in my exact situation. An echo chamber benefits no one.
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Old 12-22-2014, 08:17 PM   #28
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Joe, my post was a duplicate. Gumby's post really documents my perceived value of this forum. I don't know where I can get this type of value anywhere else. This place is a gold mine. Sure there are different viewpoints, those are the ones I learn the most from.

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Old 12-22-2014, 08:44 PM   #29
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Yep - I know I've received valuable advice from this forum on each of the 11 items that Gumby lists. Although I planned my retirement from the information I found here, I now get great post retirement tips almost daily.


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Old 12-23-2014, 01:20 PM   #30
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I had hunted the various forums before landing here several years ago. I lurked for a few years, too. The ER forums is really a community which will grow upon you as you become familiar with the people and the basic philosophy of economic freedom. It takes a little time to get into the groove. Then it becomes a way of life. I check in about every day to see what's going on around here. I retired almost a year ago, and the ER forums had a lot to do with my money handling and wealth management. Now, for me it's not so much about the money or work part anymore, it's about seeing how everyone else is getting along. The other forums out there are not really quite like this one.
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Old 12-23-2014, 02:10 PM   #31
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Loaded ? Hell, every time a million dollars is mentioned in a thread, I offer myself up for instant adoption.

I found this site right after I FIREd in Spring 2007. I got a bit blown away by the stock market and financial analysis discussions, but I stuck with it and LEARNED so much. The math I'm used to is calculus, experimental data processing and display, and binary systems, not this straightforward business stuff. Eek!

The only advantage I had was that I had already read Bogle's Common Sense on Mutual Funds. I had skipped over most of the pictures.
I did purchase several of the recommended books. There's a link for those here on the site somewhere. A little help, please ?

So hang in there. Take it a step at a time and spend the time reading the fabulous links posted here. My eyes glazed over on many of them, I assure you. But at least the terminology started to make sense after a while.
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Old 12-23-2014, 02:48 PM   #32
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Festivus isn't till tomorrow. You're airing your grievances early.
I had no idea what you were referring to. So off I went to Wikipedia.

OMG, I love it.


Today is FESTIVUS !!!!!!!
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Old 12-23-2014, 02:50 PM   #33
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I had no idea what you were referring to. So off I went to Wikipedia.

OMG, I love it.


Today is FESTIVUS !!!!!!!
If you had no idea what Festivus was, you need to find that episode of Seinfeld on YouTube or somewhere. It's unforgettable!
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Old 12-23-2014, 03:12 PM   #34
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I had no idea what you were referring to. So off I went to Wikipedia.

OMG, I love it.


Today is FESTIVUS !!!!!!!
I had to look it up too. This site is so educational and I learn so much here! Of course not all of it is actually useful....
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Old 12-23-2014, 03:43 PM   #35
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Festivus...What are ya...A bunch of Soup Nazi's?
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Old 12-24-2014, 07:25 AM   #36
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+1 to Gumby's list.
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Old 12-26-2014, 12:42 PM   #37
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As others here have noted, saving part of each paycheck over a long period of time (30 years?) and LBYM during that time span is an easily obtainable goal that the great majority of Americans can cross. The majority of ERers seem to have found this out on their own.

Understanding how SS can work in your favor is yet another dandy than can make ER a breeze.

It's difficult, but it's not really hard.
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