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A milestone
Old 03-04-2010, 08:12 PM   #1
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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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Old 03-04-2010, 08:25 PM   #2
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It just keeps getting better and better huh?
Good for you!
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Old 03-04-2010, 08:32 PM   #3
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Congratulations - don't spend it all at once
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Old 03-04-2010, 08:43 PM   #4
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Congratulations!!!

Gosh, that seems so young from where I sit (62 in June).
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Old 03-04-2010, 08:48 PM   #5
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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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Old 03-05-2010, 05:03 AM   #6
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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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Old 03-05-2010, 05:16 AM   #7
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Here ya go, Khan...an adventure of a lifetime awaits you

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Old 03-05-2010, 06:10 AM   #8
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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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Old 03-05-2010, 06:16 AM   #9
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She will probably want me to behave like a responsible adult and do something sensible though.

Women...

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Old 03-05-2010, 07:30 AM   #10
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Go Khan. Quick before the tax rates increase.
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Old 03-05-2010, 07:53 AM   #11
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Anyway, I've been trying to talk DW into spending it on some frivolous nonsense like a cruise to Hawaii.
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Old 03-05-2010, 08:48 AM   #12
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So Khan what will be your first big irresponsible splurge?
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Old 03-05-2010, 09:40 AM   #13
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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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Old 03-05-2010, 11:17 AM   #14
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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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Old 03-05-2010, 11:48 AM   #15
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Anyway, I've been trying to talk DW into spending it on some frivolous nonsense like a cruise to Hawaii.
Frivolous ? Sounds like a good plan to me
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Old 03-05-2010, 12:42 PM   #16
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So Khan what will be your first big irresponsible splurge?
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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Old 03-05-2010, 12:47 PM   #17
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Party?!?! I'll bring the beer.......................Keystone Light...........
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Old 03-05-2010, 01:08 PM   #18
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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!!

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Old 03-05-2010, 02:32 PM   #19
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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.
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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Old 03-05-2010, 05:07 PM   #20
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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.
BUY BUY before the stock price skyrockets.

Just kidding. Enjoy your shopping.
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