Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 05-11-2013, 08:25 PM   #161
Recycles dryer sheets
inky's Avatar
 
Join Date: Apr 2009
Posts: 119
Quote:
Originally Posted by martyb View Post
Most of my/our retirement will be my two pensions, so if I don't figure those I don't really have a way to calculate. Our savings will only account for 15% - 18% of our monthly/yearly net income. The rest is from the pensions. I'm not including wife's SS which is still 10 yrs down the road.
It sounds like it makes sense for you to include the cash value of your pension in your net worth, then.

Here is one description of how to calculate it:

How to Calculate the Cash Value of a Pension | eHow

The Bogleheads site also has a number of threads on this topic.
__________________

__________________
inky 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!

Old 05-11-2013, 08:26 PM   #162
Thinks s/he gets paid by the post
steelyman's Avatar
 
Join Date: Feb 2011
Location: Triangle
Posts: 3,218
Quote:
Originally Posted by martyb View Post
Most of my/our retirement will be my two pensions, so if I don't figure those I don't really have a way to calculate. Our savings will only account for 15% - 18% of our monthly/yearly net income. The rest is from the pensions. I'm not including wife's SS which is still 10 yrs down the road.
I am not an expert (that should probably be the default signature here). I think you may be talking about covering your expenses, not so much net worth.

Net worth is not as important in my mind - it's more a cocktail party "mine's bigger than.yours" thing.
__________________

__________________

steelyman is offline   Reply With Quote
Made some $, read a book
Old 05-13-2013, 10:13 AM   #163
Recycles dryer sheets
Felix Mulier's Avatar
 
Join Date: Feb 2013
Posts: 96
Made some $, read a book

First, we passed our high water mark last month!

Second, I finished reading The Four Pillars of Investing by William Bernstein. Excellent book that I wish I'd read when it first came out. So to all you young folks out there , take my advice and get read this book!

P.S. I was ER frugal and bought a used copy online.
__________________
I generally avoid temptation unless I can't resist it.

Felix

Felix Mulier is offline   Reply With Quote
Old 05-17-2013, 04:38 PM   #164
Recycles dryer sheets
 
Join Date: Jul 2010
Location: Torrance
Posts: 111
OK I retired on July 1 2011. Immediately rolled my $605K 401K into a Fidelity IRA with 50% short-term bond fund & 50% stock funds - no DCA for the kid (lump sum pension went into Vanguard IRA).

Whereupon we had the biggest dip since 2008 and I lost $47K in Sept and Oct 2011. And in the interim I have withdrawn $67K for living expenses via 72T.

Today my Fidelity IRA hit $605.5K

Eeeeeeeeeeeeeeeeeeeeew!!!!
(Meant to be read backwards)
__________________
bob boag is offline   Reply With Quote
Old 05-21-2013, 09:46 PM   #165
Dryer sheet aficionado
 
Join Date: Jun 2011
Posts: 36
$2,403,000.00 First time surpassing $2.4m.

Portfolio is double the value it was 32 months ago, combination of our contributions and market gains. Yep, I would be okay with it doing that over the next 32 months.
__________________
Retire44 is offline   Reply With Quote
Old 05-22-2013, 04:29 PM   #166
Thinks s/he gets paid by the post
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,482
I announced my retirement to all the partners in my office yesterday.

Once we got past the "what will you do" questions, most of them said they were happy for me.
__________________
Budgeting is a skill practised by people who are bad at politics.
traineeinvestor is offline   Reply With Quote
Old 05-22-2013, 04:46 PM   #167
Full time employment: Posting here.
 
Join Date: May 2007
Posts: 670
Quote:
Originally Posted by Retire44 View Post
$2,403,000.00 First time surpassing $2.4m.

Portfolio is double the value it was 32 months ago, combination of our contributions and market gains. Yep, I would be okay with it doing that over the next 32 months.

Have you truly doubled the value or are you still recovering your pre-crash value?
__________________
Letj is offline   Reply With Quote
Old 05-22-2013, 06:14 PM   #168
Dryer sheet aficionado
 
Join Date: Jun 2011
Posts: 36
Quote:
Originally Posted by Letj View Post
Have you truly doubled the value or are you still recovering your pre-crash value?
Year-End Portfolio Values

12-31-2007 1,017,070
12-31-2008 713,063
12-31-2009 1,052,126
Today $2,400,000
__________________
Retire44 is offline   Reply With Quote
Old 05-22-2013, 07:24 PM   #169
Full time employment: Posting here.
 
Join Date: May 2007
Posts: 670
Impressive indeed! I am 85% in stock and did not see that kind of returns. Thanks for sharing; very inspiring.
__________________
Letj is offline   Reply With Quote
Old 05-22-2013, 10:05 PM   #170
Dryer sheet aficionado
 
Join Date: Jun 2011
Posts: 36
Quote:
Originally Posted by Letj View Post
Impressive indeed! I am 85% in stock and did not see that kind of returns. Thanks for sharing; very inspiring.
Definitely not all returns as we added $100k, $177k and $180k in new cash to our investments in 2010, 2011, 2012.
__________________
Retire44 is offline   Reply With Quote
Old 05-22-2013, 10:29 PM   #171
Thinks s/he gets paid by the post
 
Join Date: Feb 2013
Posts: 4,750
Quote:
Originally Posted by traineeinvestor View Post
I announced my retirement to all the partners in my office yesterday..
Congrats!
__________________
daylatedollarshort is offline   Reply With Quote
Old 05-23-2013, 09:08 PM   #172
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 3,979
Quote:
Originally Posted by Retire44 View Post
Definitely not all returns as we added $100k, $177k and $180k in new cash to our investments in 2010, 2011, 2012.
Impressive, indeed!
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 05-25-2013, 05:44 AM   #173
Recycles dryer sheets
 
Join Date: Sep 2008
Posts: 331
FIRE Milestones:

All through the years it was having my home paid off and a million in retirement accounts / assets. Now what? Hit it over a year ago. Thought I would feel good about it, but am still not all that comfortable. 51, with a possible early ret. package in the near future (100k & 85% med.)

Not sure milestones really mean all that much.......
__________________
almost there is offline   Reply With Quote
Old 05-25-2013, 06:01 AM   #174
Thinks s/he gets paid by the post
Huston55's Avatar
 
Join Date: Jul 2011
Location: The Bay Area
Posts: 1,539
Quote:
Originally Posted by almost there View Post
FIRE Milestones:

All through the years it was having my home paid off and a million in retirement accounts / assets. Now what? Hit it over a year ago. Thought I would feel good about it, but am still not all that comfortable. 51, with a possible early ret. package in the near future (100k & 85% med.)

Not sure milestones really mean all that much.......
AT-

If I'm reading this correctly: $100k/yr pension + $1M portfolio =~ $135k/yr for ever (and ~$120k/yr if 1/3 of your assets are in your house), and you've got health care covered, then it seems to me you SHOULD feel good...REAL good... good.

There are a lot of folks who'd love to be as "...still not all that comfortable" as you are. I don't know what your expenses will be but, I'd expect you can live well on $120-$135k/yr. So, give yourself a break, celebrate a little.
__________________
You may be whatever you resolve to be.
Huston55 is offline   Reply With Quote
Old 05-25-2013, 06:08 AM   #175
Recycles dryer sheets
 
Join Date: Sep 2008
Posts: 331
Ahhhhh........ no. (I wish)

The $100k is the potential early out package..........
(Taxed at about 40%)

Looking to generate 50k / yr.

I net $1500 from a rental, with $850k in 401 & Roth.
Owe 60k on the rental, its value today is 350k.
home value about 700k not included.
__________________
almost there is offline   Reply With Quote
Old 05-26-2013, 12:19 PM   #176
Recycles dryer sheets
 
Join Date: Nov 2010
Posts: 241
Quote:
Originally Posted by almost there View Post
FIRE Milestones:

All through the years it was having my home paid off and a million in retirement accounts / assets. Now what? Hit it over a year ago. Thought I would feel good about it, but am still not all that comfortable. 51, with a possible early ret. package in the near future (100k & 85% med.)

Not sure milestones really mean all that much.......
Know the feeling. I thought the same thing, 1M and a paid off home, no debt. Now getting close to 2M, with paid off home, and I still don't feel confident.
__________________
MDJO is offline   Reply With Quote
Old 05-26-2013, 12:28 PM   #177
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 40,220
Quote:
Originally Posted by MDJO View Post
Now getting close to 2M, with paid off home, and I still don't feel confident.
Some people never do, no matter how much they have socked away. POMY Syndrome* is what the condition is called.


*Perpetual One More Year Syndrome
__________________
Numbers is hard.

Retired in 2005 at age 58, no pension

REWahoo is offline   Reply With Quote
Old 05-26-2013, 01:15 PM   #178
Recycles dryer sheets
 
Join Date: Sep 2008
Posts: 331
Not sure if I have POMY? Or what it is?
If I could get a 4-5% safe return, I would not be worried a bit.
Its just that the Bond market and Stock market look like a crap shoot to me at these levels.........
No interest in reliving 2002 or 2009 again.
And who wants 1.5% in a 5yr CD?

Call me chicken.........
__________________
almost there is offline   Reply With Quote
Old 05-26-2013, 02:45 PM   #179
Dryer sheet aficionado
 
Join Date: May 2013
Posts: 28
Both wife and I are 38, we have 160K in retirement savings combined. Yes we are on the very low side but it is where we are nonetheless. She recently got to 110k on her 403b and I just broke the 40k mark on my 401k. We have both have Roth accounts which we opened last year and have close to 10k combined. We plan to get more intentional about our retirement and investments. Our goal is to retire at 62 and move to the Caribbean where we own some nice land on the country side. Our milestone was acquiring some land from a family member at a great price, most of which is very flat.
__________________
katwillny is offline   Reply With Quote
Old 05-27-2013, 07:38 AM   #180
Dryer sheet aficionado
 
Join Date: Jan 2010
Location: Alliance
Posts: 36
I just updated our May expenses on the expense worksheet and realized we hit a pretty cool milestone. Our dividends from our after tax brokerage account are now a little more than double our yearly expenses. Not a bad safety factor!
__________________

__________________
gomo is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 2 (1 members and 1 guests)
Exgloveman
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


 

 
All times are GMT -6. The time now is 09:00 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.