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08-03-2017, 07:37 AM
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#1541
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Posts: 1,507
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Davhin, what was your first day of freedom like? I too will be 62 when I retire and will wait for SS until 66. I am already planning that day!
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09-07-2017, 03:09 PM
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#1542
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Coronado
Posts: 3,655
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Paid off the mortgage today! Right on schedule, fifteen years after signing the loan docs, but it really feels great.
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09-07-2017, 09:55 PM
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#1543
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Recycles dryer sheets
Join Date: May 2014
Posts: 145
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Congrats cathy63!
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09-07-2017, 10:50 PM
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#1544
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,908
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__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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09-08-2017, 06:24 AM
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#1545
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Recycles dryer sheets
Join Date: Apr 2006
Location: Cleveland
Posts: 97
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I just reached one year of being FIREd (I'm now 62), taking monthly draws from nest egg. Not in two comma club but my net worth is more than it was last year. Still not feeling comfortable BEING retired, but it actually only just got started as I was major caregiver to mom. (She died in July at 95.) Feeling a bit disorganized in my bereavement. I am determined to sit still until January before making some "Here is what I am going to do with my life" sort of plans. The house and garden look a lot better tho!
__________________
Josh
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09-10-2017, 04:31 PM
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#1546
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 599
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OHjosh - that's certainly quite a bit of change in your life. Congratulations on one year of FIRE and best wishes on your bereavement process. Waiting a year before making big decisions is probably a smart move.
__________________
Dreamin' of Streamin'
FIRE'd at 52 on 7/8/11
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09-12-2017, 09:15 PM
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#1547
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,331
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We hit the 2x 2 comma club today in invested assets and savings.
About 3 weeks ago I reached the two comma club in only my personal 403b invested assets, but today--including DW's 401k & IRAs and savings--we hit the 2x 2 comma, at least briefly.
20 years ago the goal was 1300k, which I figured would allow us to retire relatively comfortably at 66 with Social Security; we're 10 and 14 years ahead of schedule.
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09-13-2017, 09:18 AM
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#1548
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Recycles dryer sheets
Join Date: Oct 2006
Posts: 134
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Congrats Rob. Does 2x2 mean u and ur wife both have invested a mill? Great job!
__________________
I'm sorry if I ask questions that are too nosy/personal.
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09-13-2017, 11:15 AM
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#1549
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,331
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Yes; that's it. It'll be a long time before another milestone!
Quote:
Originally Posted by Scout
Congrats Rob. Does 2x2 mean u and ur wife both have invested a mill? Great job!
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09-13-2017, 11:51 AM
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#1550
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Recycles dryer sheets
Join Date: Jan 2016
Posts: 66
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Total investments (retirement accounts + taxable brokerage account) just passed $500k. Onward and upward!
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09-13-2017, 12:05 PM
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#1551
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by RobLJ
Yes; that's it. It'll be a long time before another milestone!
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There's another milestone that you/DW might hit soon, given that you're in the 2x2 comma club.
It is:
1. NW => Total Lifetime SS (W2) Income.
2. An alternative (for those with substantial Pensions, annuities, etc.) is:
NPV of (All Investments + Guaranteed Income Sources) => Total Lifetime SS Income.
As an example, assume 'Total Lifetime SS Income' (which you can get from the SS website) = $3.0 MM
For method #1, take your current NW & compare to $3.0 MM
For method #2, take current NW + NPV of guaranteed income streams (you choose the discount rate) & compare to $3.0 MM
I can't claim credit for this "milestone"; I read it from another poster (can't remember who). But, I think it's very cool to have "accumulated more equivalent NW than the total income you've had over your lifetime" (in a manner of speaking). BTW, I know the 'time value of money' is not accounted for but, for this milestone, I'm OK with that.
Check it out and see if you're close.
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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09-13-2017, 07:33 PM
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#1552
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Reno
Posts: 1,331
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Keep at it. The first 500k is the hardest. (12 years ago, for us.)
Quote:
Originally Posted by B0bL0blaw
Total investments (retirement accounts + taxable brokerage account) just passed $500k. Onward and upward!
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09-13-2017, 08:31 PM
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#1553
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Recycles dryer sheets
Join Date: Aug 2016
Location: Cottage Grove
Posts: 212
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My 40K finally hit a half mill Monday. That only took 28 years.
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09-14-2017, 07:03 AM
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#1554
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 599
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Quote:
Originally Posted by Johanson
My 40K finally hit a half mill Monday. That only took 28 years.
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That's sure to be a good feeling. I know it was for us. If history is any indicator the next 500 will not take nearly as long.
Fine Print: past performance is not an indicator of future results.
__________________
Dreamin' of Streamin'
FIRE'd at 52 on 7/8/11
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09-15-2017, 06:19 PM
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#1555
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Recycles dryer sheets
Join Date: Feb 2014
Location: San Diego
Posts: 71
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Crossed $2 million in investments today. Along with some rental properties and a paid-off house, our ER plan is taking shape. Trying to stay motivated at my day job - some days are really difficult!
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09-17-2017, 07:42 AM
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#1556
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 4,023
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Now have over 2mil under advisement with 7 clients. Unfortunately not all is mine, and managing others money isn't as gratifying as managing my own, but people trust me so I'm legitimized.
As odd as it is, I've found it most unifying to analogize money to a horse race, horses, the jockey's that ride them, the stable's they live in and the nurturing they get.
It's easy to compare Strong Horses, Large Horses, to Large Growth Stocks like AAPL for instance.
And that you wan't at least three horses in the race equally balanced, a small, med and large horse (SmallCap, LargeCap). And that these US horses are fairly stable and consistent etc.
Easy to explain trimming the fat, for the losers, and rebalancing the winners to keep the horses running the same race at a similar pace. So easy to compare rabalancing this way.
The first horse I advise they pick is from VUG, VB, VBK or VOOG. Once they understand the differences between those its easier to explain the rules of the horse race.
One observation that surprised me, Overwhelmingly new clients have the same mind-set. They finally start "trusting me" when the market is at all-time high's and has been running a fast paced race for a while. I tell them please, stop this way of thinking, I advise you to put more horses in the game when the pace of the race is slower and the market is on a down-turn, instead of thinking, gee valuations of these horses/stocks are at an all time high maybe NOW I should pay for some horses and get in the race. NO NO NO, get in the race when the horses are cheap man!
I always tell them golden rule of investing, put as much money as you can in, as often as you can, and keep it in there and protected for as long as you can. That's KG's Golden Rule to investing. A penny invested today is 7c in 30yrs lol
__________________
Time > $$$ ~ 100% equities ~ FIRE @2031
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09-20-2017, 11:03 AM
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#1557
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,467
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I have been retired for 8 years, but I still have FIRE milestones to share.
Last week, thanks to Mr. Market, my portfolio reached its highest ever!! This, despite the majority of my spending money coming from my portfolio, and despite buying my Dream Home in 2015. It's almost as though my Dream Home was free.
__________________
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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09-20-2017, 11:47 AM
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#1558
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gone traveling
Join Date: Feb 2008
Posts: 510
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Quote:
Originally Posted by kgtest
I always tell them golden rule of investing, put as much money as you can in, as often as you can, and keep it in there and protected for as long as you can. That's KG's Golden Rule to investing. A penny invested today is 7c in 30yrs lol
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I like your rule except the *protected* word seems misleading unless I'm interpreting it incorrectly.
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09-21-2017, 04:09 AM
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#1559
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Moderator
Join Date: Sep 2006
Posts: 4,006
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Quote:
Originally Posted by W2R
I have been retired for 8 years, but I still have FIRE milestones to share.
Last week, thanks to Mr. Market, my portfolio reached its highest ever!! This, despite the majority of my spending money coming from my portfolio, and despite buying my Dream Home in 2015. It's almost as though my Dream Home was free.
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So awesome!!!! Congratulations!!!!!
__________________
simple girl
less stuff, more time
(55, married; Mr. Simple Girl, 59. FIRED 12/31/19!)
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09-21-2017, 06:06 PM
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#1560
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 599
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Quote:
Originally Posted by W2R
I have been retired for 8 years, but I still have FIRE milestones to share.
Last week, thanks to Mr. Market, my portfolio reached its highest ever!! This, despite the majority of my spending money coming from my portfolio, and despite buying my Dream Home in 2015. It's almost as though my Dream Home was free.
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We didn't buy a house but sure have benefitted from the bull market since 2008.
Been FIREd for six years, taking all our money for expenses from our investments in the form of dividends and gains, and our portfolio is worth substantially more now than when we pulled the plug. As you said... almost like living for free!
The bull market won't continue indefinitely so we've "rung the register" and trimmed several positions in anticipation of future events. Our withdrawal rate started at about 3.5% and we've given ouselves raises each year. Currently living on 2.5% withdrawal rate so we're comfortable when a correction occurs.
__________________
Dreamin' of Streamin'
FIRE'd at 52 on 7/8/11
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