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03-04-2010, 07:12 PM
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#1
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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A milestone
I just realized that I am 59.5 and can take money out of the IRAs as I like.
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"Knowin' no one nowhere's gonna miss us when we're gone..."
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03-04-2010, 07:25 PM
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#2
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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It just keeps getting better and better huh? 
Good for you!
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Officially retired........Class of 2011
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03-04-2010, 07:32 PM
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#3
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,128
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Congratulations - don't spend it all at once
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Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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03-04-2010, 07:43 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Congratulations!!!
Gosh, that seems so young from where I sit (62 in June). 
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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03-04-2010, 07:48 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Yahoo! There's gonna be a party at Khan's house this weekend. Be there or be square!
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There's no need to complicate, our time is short..
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03-05-2010, 04:03 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Location: Pittsburgh, PA suburbs
Posts: 1,796
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Whoo-hoo! I have a little over four years to go myself. By then I will be retired and collecting my pension, too. Then at 60 can get SS survivor benefits. All this and I won't even have to get out of bed in the morning...except to take the dog out.
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03-05-2010, 04:16 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Here ya go, Khan...an adventure of a lifetime awaits you
Welcome | Virgin Galactic
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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03-05-2010, 05:10 AM
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#8
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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I have a small IRA opened in 1984 that I'll be able to tap into this summer when the CD matures. I couldn't make any further contributions to it since I have a pension and the laws changed shortly after 1984.
Anyway, I've been trying to talk DW into spending it on some frivolous nonsense like a cruise to Hawaii. She will probably want me to behave like a responsible adult and do something sensible though.
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When I was a kid I wanted to be older. This is not what I expected.
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03-05-2010, 05:16 AM
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#9
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Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
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__________________
Money's just something you need in case you don't die tomorrow.
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03-05-2010, 06:30 AM
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#10
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Recycles dryer sheets
Join Date: Feb 2010
Posts: 124
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Go Khan. Quick before the tax rates increase.
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03-05-2010, 06:53 AM
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#11
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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 Quote:
Originally Posted by Walt34
Anyway, I've been trying to talk DW into spending it on some frivolous nonsense like a cruise to Hawaii.
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Move fast!
StarBulletin.com - Mobile Edition
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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03-05-2010, 07:48 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 6,506
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So Khan what will be your first big irresponsible splurge?
__________________
There must be moderation in everything, including moderation.
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03-05-2010, 08:40 AM
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#13
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gone traveling
Join Date: May 2008
Posts: 3,864
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Congratulations on this milestone Khan! Must be a nice feeling having that new cushion to fall back on. (But being a charter member of the LBYM'ers, you probably won't use it much...  )
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03-05-2010, 10:17 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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Although I am 13 years away from age 59.5, I have carefully noted in my spreadsheet when I cap tap into what I call one of my "reinforcements" in case my annual expenses begin to exceed my dividend income (which is likely). For this one (my IRA, worth about $300k) to double in value in 13 years, it needs an annual rate of return of about 5.5%.
COngrats to you for being able to tap into it now. Don't blow it all at once!
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03-05-2010, 10:48 AM
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#15
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,128
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Quote:
Originally Posted by Walt34
Anyway, I've been trying to talk DW into spending it on some frivolous nonsense like a cruise to Hawaii.
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Frivolous  ? Sounds like a good plan to me
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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03-05-2010, 11:42 AM
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#16
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by ls99
So Khan what will be your first big irresponsible splurge?
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Probably clothes. Most of my stuff is 10 - 20 years old and it starting to fray and fade.
Sears/Lands End will probably get a good boost once I figure out what size I wear.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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03-05-2010, 11:47 AM
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#17
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 599
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Party?!?! I'll bring the beer.......................Keystone Light........... 
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03-05-2010, 12:08 PM
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#18
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Recycles dryer sheets
Join Date: Oct 2007
Location: Sugar Land
Posts: 265
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Way to go! I have actually been thinking about this milestone as there aren't so many left. I've got 3 months to go!!
t.r.
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Life is a Holiday!
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03-05-2010, 01:32 PM
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#19
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gone traveling
Join Date: May 2008
Posts: 3,864
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Quote:
Originally Posted by Khan
Probably clothes. Most of my stuff is 10 - 20 years old and it starting to fray and fade.
Sears/Lands End will probably get a good boost once I figure out what size I wear.
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Congratulations on your new found wealth,
it will certainly boost your ER health
Oh, what to do with this new stash?
Invest in equities or burn some cash?
Under the mattress, buried in the yard,
you're LBYM, the choice is hard...
Or, unheard of, money to burn?
heads are spinning at this new turn!
Sears or Kohls, maybe DSW for shoes?
An ER poll to help you choose?
But if you are going to get new threads,
you gotta post pictures like thefed's
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03-05-2010, 04:07 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Quote:
Originally Posted by Khan
Probably clothes. Most of my stuff is 10 - 20 years old and it starting to fray and fade.
Sears/Lands End will probably get a good boost once I figure out what size I wear.
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BUY BUY  before the stock price skyrockets.
Just kidding. Enjoy your shopping.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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