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Live to more than 106 years??? This is my favorite response so far. LOL. And a 7% annual return from the S&P? Honestly, from what most of the "experts" are saying these days, 4-5% might be the "new normal" for the S&P. Personally, I believe in history and believe 6-8% annual returns to still...

Suggestion.

OK...so now that we have the initial pleasantries aside. I've always been an S&P 500 type of guy. It's worked out OK for me and I plan on staying with that strategy going forward with my investable assets. I've thought about an equal-weight S&P 500 fund and possibly a Dividend Aristocrat fund...

LOL...trailing the field, as usual. Actually, this was exactly the time I planned on almost 30 years ago. Full benefits from my job, both kids done with college, and tired of the frigging rat race. Just fortunate enough to have reached all those goals and exceeded my financial ones, as well...

If you have to ask, or look it up................

Agreed. But I'm also bi-coastal.

What if the husband isn't "dear." Maybe FH. :)

Will do. I've got 14 years before the RMD thing comes around. Like I said...when the time comes, and I'm settled down into my new retirement life...that's when I'll sit down with a financial planner/CPA to figure out the best way to decrease my tax liabilities.

All stocks are risky. And I was just trying to make a point with my AT&T scenario. I would never invest my lifetime earnings in just one stock, or one industry, etc... I read a book by Mr. Schwab decades ago. Talk about the benefits of investing in the S&P 500, reinvesting dividends, and...

I'll be 57 in February. Same goes for me and my better half. Nervous, excited, anxious, happy, etc... Most important thing is I think we're both 100% ready for this. Good luck to you and yours.

Retiring at 50...sweet. What is "DH at 57?"

You can never spend too much time on the beach "looking" at hotties. Plan on doing it again in a couple of weeks in St. Maarten. And, truth be told, I've always big a huge fan of legs and what they're connected to. As for the financial part of your post...that's way above my financial intellect...

I concur. Wholeheartedly. I believe I'm early. And I'm ready financially AND emotionally.

Understood. And I wasn't actually counting the home as a leg. It was the money that I will make between selling my old home and buying a new one that's the additional leg I spoke of. It will be a considerable after-tax gain that will ultimately increase my savings leg. All this "leg" talk...

Actually, I didn't. And I'm not so sure I understand exactly what you're saying. My 401k and pension buyout (which will go directly to an IRA) are both tax advantaged. So any withdrawals will be taxed as ordinary income. As well as any interest on my after-tax money market. Basically, the...

One person's opinion...:) I mean if one was to be truly open-minded, pension and social security could both be categorized as pensions...no? Or annuities. So in that article, a pension is one leg of 3. But a pension buyout is savings and reduces you to 2 legs? Personally...I consider...

See...now you're going back to my 5-legged chair. Wish I could do that with my legs. Been awhile since I've been able to wear slim-cut jeans.

Thank you, and, congrats. Not quite sure how one would "beef up" that chair leg once one was retired. Good investments no doubt. But good investments are only good when they actually pay off. If someone knows how to shellac that chair leg while in retirement without investing...I'm all ears...

I comprehend. So you're one-legged savings leg is well-funded. Using that analogy...I've got one really strong leg, like you. And SS will be very nice icing on the cake. Nothing personal, but this whole legged chair thing has me flustered. :)

Then I guess the legs on a chair are in the eyes of the beholder. One could argue that Soc Sec are retirement "savings" as well. I won't, but someone else might. I guess I categorize things differently because each of my "legs" was attained through different methods. And I keep them separate...

Nice pics. Especially the 5...or should I say...10 legged chair. BTW...if your chair only has 2 legs...and you're posting here...can I assume your savings are very substantial?

And full disclosure...I'm a huge fan of SoCal. :dance:

The pension is locked in. Minute increases on very rare occasions when bargained. And like I said in my last post...the AT&T example was for arguments sake only. I would never put all my eggs in one basket. Honestly, I've been an S&P 500 fan for the last 29 years. Probably could've done better...

Notice I said "for arguments sake." I'd be more inclined to spread my investments across a number of "dividend aristocrats." But to be honest...AT&T does not belong in the same class as the other telecoms that you mentioned. And no...I don't work for them.

And just so everyone posting understands...when I said "am I in the right place"...I meant this website. Retirement-wise...I know where I'm at, and it's definitely the right place.