Recent content by Illinois guy

You're doing great. Your house will be paid off by then. You should have over a million in the 457b, but you can't collect until 59.5 right? Keep adding to the cash for a cushion Also. Think about a prenup.......you don't want to get half your legacy stolen by a greedy ex wife

Lol.nice

Thanks!

Sorry for the disconnect in communication.

Exactly this! Although it would be 3 more years of interest but no more added cash because I'm retiring at 47 but I don't have to take it until 50. So should be around 400k then. Thanks!

I'm also not proficient in Excel..

24000 in "the bank" now 7.5% Apr with the 15 years added. Compound interest! Sorry been up 24 hours and I work midnights. Most of my life I'm in a fog

I could only use an average of 9000 annual addition on moneychimp for a future amount. Was wondering if anyone had a site I could plug in actual numbers every year.? I have 24000 in an additional pension savings plan that offers 7.5% interest so with an average of 9000 annually contributed I...

Got it covered :laugh:

A $65,000 yearly pension, taken at 50 years old, multiplied by 30 years is $1,950,000. Half of that is $975,000. Half of the additional pension savings in the future would be $130,000 or so after taxes. The pre nup is protecting more than a million dollars in future assets.

Thanks for the response. We are not having kids and she has a good job of her own. There would be no child support and I doubt there would be any alimony as she makes 65k, a little less than me. I also plan on having many hundreds of thousands in savings that would be split 50/50 in the event...

Yes. I'm having a licensed illinois attorney draft up the pre nup and the fiancé is getting a separate attorney to "explain" (read) the pre nup to her so she "understands" what it says. All the research I have done says to have the fiancé have an independent attorney "represent" her in...

It's an additional savings plan with my pension plan. Prenup? Already got it covered! Lol.;) That reminds me I better get on it, a little less than 6 months to the wedding. She doesn't like the idea but I explained to her that it's just insurance, and if we never separate then it doesn't...

I call it childfree!! I like kids, I have two nephews and she has two nieces and a nephew. I just don't want my own. Peace officer is a police officer, however I don't personally like the word police. In the IL statutes, they use 'Peace officer'. My motto is create peace!

I put ten percent of my salary into my pension and my employer matches it. The two portions together will equal a few hundred thousand dollars over my career. I guess we will have to see:blush: