B
Bill Gates
Guest
I have been thinking about this and am a bit nervous. I am starting to burn out and my job is becoming too stressful. I have been a lurker on this board for awhile and am thinking about ER. I wanted to run this by the ER experts on this forum and see what they thought.
Here is my sitiuation: I currently have about $49 Billion in equities in my Taxable Account. I also have about $3.8 Million in my 401K. My checking account has about $2K in it right now. I am currently debt free. Including my home - No Mortgage - currently worth about $67 Million.
I ran FIRECalc and it says my plan works, even though I won't start drawing my Social Security until another 12 years! Actually I can actually increase my current spending substantially and not endanger my portfolio.
My wife is now a stay at home raising our 2 children. She is also eligible for SS, as she put in her 40 credits before we were married. Currently my health care insurance is provided by my employer, but I will have to go it alone when I quit my job.
I know that I probably overweighted in equities and after reading Bernstein (which you guys recommend) I am thinking about a 60/40 stock/ bond split. That way if we have another Dot Com Bust, I won't end up eating Dog Food in my Older years. :-/
Please feel free to comment on my plan. - Thanks in advance
Bill
Here is my sitiuation: I currently have about $49 Billion in equities in my Taxable Account. I also have about $3.8 Million in my 401K. My checking account has about $2K in it right now. I am currently debt free. Including my home - No Mortgage - currently worth about $67 Million.
I ran FIRECalc and it says my plan works, even though I won't start drawing my Social Security until another 12 years! Actually I can actually increase my current spending substantially and not endanger my portfolio.
My wife is now a stay at home raising our 2 children. She is also eligible for SS, as she put in her 40 credits before we were married. Currently my health care insurance is provided by my employer, but I will have to go it alone when I quit my job.
I know that I probably overweighted in equities and after reading Bernstein (which you guys recommend) I am thinking about a 60/40 stock/ bond split. That way if we have another Dot Com Bust, I won't end up eating Dog Food in my Older years. :-/
Please feel free to comment on my plan. - Thanks in advance
Bill