Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Any opinions on this plan for ER?
Old 04-12-2005, 03:09 PM   #21
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: Any opinions on this plan for ER?

El Avila 43:

Apenas porque robamos Tejas de la gama de México no mala tenemos que dar la detrás que cualquier manera por lo menos una puede beber el agua en la mayoría de Tejas, y si no por lo menos la cerveza.

__________________

__________________
"TEMPUS FUGIT"
LEX is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Any opinions on this plan for ER?
Old 04-12-2005, 03:16 PM   #22
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Any opinions on this plan for ER?

You do and you'll clean it up

JG
__________________

__________________
MRGALT2U is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-12-2005, 03:37 PM   #23
Full time employment: Posting here.
bruce1's Avatar
 
Join Date: Aug 2004
Location: Hagersville
Posts: 793
Re: Any opinions on this plan for ER?

Does it mean anything that the only word I am sure of the meaning of means beer?
__________________
I wish I was half as good as my dog thinks I am!
bruce1 is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-12-2005, 03:59 PM   #24
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: Any opinions on this plan for ER?

For the gringo's in the audience ( I was born on a ranch in Texas, grew up speaking MEX-TEX and now find myself living in Arizona...)

"Just because we stole Texas from Mexico does not mean we should give it back. Besides, at least in Texas you can drink the water, and where you can't, you can drink the beer"... I am partial to Lone Star and Shiner Bock, but any beer is good beer.
__________________
"TEMPUS FUGIT"
LEX is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-12-2005, 09:12 PM   #25
Thinks s/he gets paid by the post
 
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,695
Re: Any opinions on this plan for ER?

I am not partial to Texas but as someone whose family came from beer brewing Wisconsin (Point Special Beer, Stevens Point, WI) and spent a lot of time drinking British beer courtesy of the US Navy, I got to say that Shiner Bock is really good beer.
__________________
T.S. Eliot:
Old men ought to be explorers
yakers is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-13-2005, 05:53 AM   #26
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 190
Re: Any opinions on this plan for ER?

I'm sure all of this is interesting to Sue, but maybe we should give her thread back to her and you boys go play elsewhere.

Thanks,

Judy

__________________
www.strawbaleredux.blogspot.com
JWV is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-13-2005, 06:28 AM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Any opinions on this plan for ER?

Ah yes the boring and mundane.

Sue - FireCalc and ORP calculators are fun to work up your numbers. Get a handle on your yearly budget now - and projected in ER. Peruse the archives here and find Dory's - 33% That's my story.

You have the nuts and bolts to work with - get to work!

Heh, heh, heh, heh.

Seriously - you are there - but you still have to work up 'your plan'. Motivation is the key.
__________________
unclemick is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-13-2005, 06:53 AM   #28
Thinks s/he gets paid by the post
Eagle43's Avatar
 
Join Date: Jan 2005
Location: DFW
Posts: 1,879
Re: Any opinions on this plan for ER?

Quote:
El Avila 43:

Apenas porque robamos Tejas de la gama de México no mala tenemos que dar la detrás que cualquier manera por lo menos una puede beber el agua en la mayoría de Tejas, y si no por lo menos la cerveza.
Buenos dias. Quisero vino blanco. Beba mucho! No me gusta el agua ó la cerveza en México y Tejas. Voy a aprender español porque en Tejas es necessito. Estudio español desde hace tres mehs.

Lex, this is terrible, but I tried! ¿Està bien?
__________________
Resist much. Obey Little. . . . Ed Abbey

Disclaimer: My Posts are for my amusement only.
Eagle43 is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-13-2005, 08:20 AM   #29
Recycles dryer sheets
 
Join Date: Feb 2005
Posts: 239
Re: Any opinions on this plan for ER?

Hi Sue,

Of course it is a personal decision, but if I were in your shoes, I'd be outta there so fast it would make your head spin!

$1.6M time 4 percent = $64,000 gross...in your ballpark...not counting future Social Security.

Enjoy the hiking while you can!!! Life is uncertain.
__________________
All the best....Mike
I'd rather live in a rustic cabin and be free than in a McMansion as a slave!
Mountain_Mike is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-13-2005, 05:13 PM   #30
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Any opinions on this plan for ER?

HI unclemick. Re. Sue having "the nuts and bolts to work with", Sue may have the bolts part; the nuts I would question.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-13-2005, 11:51 PM   #31
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: Any opinions on this plan for ER?

Quote:
My spouse and I may lose our jobs in 3.5 years (our work project will be ending). * I am wondering whether we have the resources to ER at that time.

We should have (conservative estimate) 1.6 million saved (850 tax deferred, 750 taxable). * My spouse would be 60 and eligable for $16,000 in social security at age 62. *I am 54. *If our benefits don't change, we would have health care for both of us for five years (cost of $4000 per year). *We would need to purchase health coverage for myself for last six years.

We don't own a house (we live in a very expensive east coast city) and plan to move to a more affordable area. *So we would need money for that purchase. We are both in excellent heath, have no debt or kids, and are very careful with our money. * We would like an income of $50 to 60K per year.

Since our hobby is hiking, we would love to retire while we are still physically able to travel/hike across the country. *We both like the type of work we do, but our current work situtation is hostile/stressful. *We could probably get lower paying jobs for another couple of years if we lost our current jobs. *I am trying to decide whether having additional retirement resources is worth putting off our dreams of travel/hiking for a couple more years.
Hi Sue,

It looks to me like you will have the resources to retire comfortably but as unclemick says, you need to flesh out the plan. $1.6M when properly invested should support a lifestyle of over $60K per year. But you need to be careful about the home issue and the health insurance issue. If the $60K annual cost of living includes your housing costs, then there is probably no issue. You simply need to find a home/mortgage/insurance/taxes that approximately matches your current housing costs. The issue with health care is simply that it always seems to be more difficult to get health insurance than people anticipate. Don't wait till the last minute to shop for your insurance.

And good luck.
__________________
sgeeeee is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-14-2005, 07:21 AM   #32
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 67
Re: Any opinions on this plan for ER?

Thanks for all your responses. Our relucentance seems to stem mainly from mental worries rather than financial concerns (like Sparky pointed out) although I still am concerned about health care costs, inflation and an overvalued stock market. Also we still have a certain amount of emotional investment in our work project because it's intelluctually stimulating. I guess its time for some serious finanical planning.

I am grateful that we packed lunches, gave up pretty baubles, fancy vacations and dinners out so that we now have choices rather than having to scamble for our jobs.
__________________
Sue is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-14-2005, 10:26 AM   #33
Recycles dryer sheets
 
Join Date: Mar 2005
Posts: 242
Re: Any opinions on this plan for ER?

Quote:
I am grateful that we packed lunches, gave up pretty baubles, fancy vacations and dinners out so that we now have choices rather than having to scamble for our jobs.
I know what you mean. To have made the above choices, and now to be in a position to work or not to work is about as extraordinary as I can imagine.

My worry right now is the hyper real estate market. But our freedom from work makes living with these worries, somehow, easier.

There is a sense of accomplishment that comes from taking total responsibility for our cash flow and health insurance and not relying, as we did for decades, on an employer.

It took some time to get used to it.
__________________
Sparky is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-15-2005, 07:01 AM   #34
Full time employment: Posting here.
 
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 818
Re: Any opinions on this plan for ER?

Quote:
I live in San Diego, when my wife was pregnant we thought she might be miscarrying, so we went to the emergency room. *It took us 4 hours to be seen, whatever the reason, things with our medical system are broken in our neck of the woods. I hear doctors who make housecalls are back on the rise, more expensive, but makes sense the market is filling a demand....
Given the current state of the Emergency Room situations, your wife was lucky. The wait can be up to 12 hours or more. Some County ERs have waits of up to 24 hrs. [I know this b/c of the job I left] So much for just getting ER care with NO follow-up

Sue, I vote for your hiking out. I left with considerably less at 52 and still have enough to travel extensively. Wish I had left at 50 as originally planned but did not diversify well enough to ride out 3/2000 ... so had to put it off 4 yrs
__________________
gayl is online now   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-15-2005, 07:35 AM   #35
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 325
Re: Any opinions on this plan for ER?

Theres a great movie any ER should see, made back in the 1980's called "Lost in America". *Its about two young professionals in Los Angeles that quit/loose their high paying jobs, sell their outrageously over priced house, buy a motor home, and attempt to see the USA. *One scene has Albert Brooks, who was passed over for a promotion, realizing that "only Rats win the Rat race" and screaming at his boss: *"I want the last five years I wasted at this dead end job back...gimme my five years back!"...To me that is the point in FIRE, get your life back, folks, and live it richly enough that money is at most an irrelevant afterthought and not a burdensome prerequisite... *
__________________
"TEMPUS FUGIT"
LEX is offline   Reply With Quote
Re: Any opinions on this plan for ER?
Old 04-15-2005, 07:05 PM   #36
Recycles dryer sheets
 
Join Date: Nov 2004
Posts: 123
Re: Any opinions on this plan for ER?

I love this movie (although it does get slow after the Hoover dam scene).

My favorite is the "nest egg" speech. I'll be having "things on toast" for breakfast tomorrow.

__________________

__________________
You can either take action, or you can wait for a miracle. Miracles are<br />great, but they are so unpredictable.<br />(Peter Drucker)
kayelem is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
35 buckets plan, starting WR of 7.4% - punch holes in me plan citril FIRE and Money 35 03-10-2007 06:46 PM
Free Vanguard Plan - Opinions? Jeb-NY FIRE and Money 2 12-21-2006 04:17 PM
Senator Wyden's "health care plan for all Americans" REWahoo Health and Early Retirement 81 12-19-2006 09:04 AM
Pension Plan Gurus UncleHoney FIRE and Money 4 08-11-2006 10:48 PM
nTelos cell phone plan? Dreamer Other topics 3 07-14-2006 01:27 PM

 

 
All times are GMT -6. The time now is 10:41 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.