ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I got to thinking (Yes, that is what the noise was), what would make one comfortable enough so as not to take any additional investment risk. This is not intended as an investment vs inflation discussion so please try to refrain from bringing it up and making it one.
We (DW & I) as I assume most of us here on ER.ORG, IMHO have a good (to very good) middle class life, we own our own home and live in a nice resort area, there is lots to do, even if we do not always take part in the activities as we enjoy staying at home and enjoying each other's company.
We do not spend our days chasing the almighty $$, and are pretty much fixed income investors and have been for the last 25 years. Most of you know that about us anyway.
Our Mandatory expenses are about $45k a year and our returns for various investments are approximately about $95k of which 40% is Taxable. We do currently shelter/defer some of the taxable for ACA purposes. We do not budget for discretional spending items, we just fund them as needed/wanted.
This does NOT include any SS or pension income that we are eligible for from 3 different sources (Estimated at about $60k when we start taking them). We have chosen NOT to take any at all until DW is eligible for Medicare or something changes in the USA Healthcare system (Unlikely). Or, we move to a country that has proper sensible HC or universal healthcare that truly benefits it's citizens and not the providers or insurance companies (That is a debate for another time though).
In our case this is more than enough to last us the next 25 - 30 years (I will not last that long for sure), so we think we can "Still" go without traditional stock market investing.
I would be grateful for your thoughts and wonder if anyone else here is like us.
We do not have any heirs and when we die ALL our assets will be sold and split evenly between, St. Judes & Shriners hospitals for sick kids, Guide Dogs for the Blind and Guide dogs of America.
We (DW & I) as I assume most of us here on ER.ORG, IMHO have a good (to very good) middle class life, we own our own home and live in a nice resort area, there is lots to do, even if we do not always take part in the activities as we enjoy staying at home and enjoying each other's company.
We do not spend our days chasing the almighty $$, and are pretty much fixed income investors and have been for the last 25 years. Most of you know that about us anyway.
Our Mandatory expenses are about $45k a year and our returns for various investments are approximately about $95k of which 40% is Taxable. We do currently shelter/defer some of the taxable for ACA purposes. We do not budget for discretional spending items, we just fund them as needed/wanted.
This does NOT include any SS or pension income that we are eligible for from 3 different sources (Estimated at about $60k when we start taking them). We have chosen NOT to take any at all until DW is eligible for Medicare or something changes in the USA Healthcare system (Unlikely). Or, we move to a country that has proper sensible HC or universal healthcare that truly benefits it's citizens and not the providers or insurance companies (That is a debate for another time though).
In our case this is more than enough to last us the next 25 - 30 years (I will not last that long for sure), so we think we can "Still" go without traditional stock market investing.
I would be grateful for your thoughts and wonder if anyone else here is like us.
We do not have any heirs and when we die ALL our assets will be sold and split evenly between, St. Judes & Shriners hospitals for sick kids, Guide Dogs for the Blind and Guide dogs of America.