TheDarkStorm
Confused about dryer sheets
- Joined
- Mar 10, 2016
- Messages
- 5
Hello Everyone,
This is my first post, and I definitely have not yet had a chance to read through the forum in any great detail, though I hope to correct that soon.
Born and raised in CO, I have always been a bit of an aggressive saver (10% of salary + Max Roth). But, about 2 years ago, I foresaw the company I was working for implode (it did ~6 months after). I took a new job that, while it was a substantial boost to my AGI, moved me away from where I love.
Just like the people physically around me, the increase in AGI only developed into increasing my spending on "stuff". Late in 2015 I started contracting with a building company on a custom home ($375K++).
During the December holiday, I rented a vehicle and drove back to CO (friends and family). On the way, I was involved in a car accident, in which I was at fault and my insurance will not cover... While I am currently trying to work with my credit card [insurance] to cover the expenses, I realized that I might not be able to afford the house (not that I was honestly looking to be able to afford it and have any excess cash in any case - "house poor" was a concern). To that end, I dropped the contract with the home builder (and lost the earnest money in the process).
It was around this time that I decided that OK will not be my end-all location; that some day I want to go back to CO (where my mind and soul (if such exist) wait for me). I decided that perhaps there would be another way outside of leaving my current job or retiring in 30 odd years. Browsing online I ran into MMM's blog/forum, and read through it. This week, I ran across this website, and I now desire to engorge myself on all of it's knowledge.
---
At this time I have a nest egg in long term savings (401K, Pension, IRA, Roth IRA, HSA, precious metals, rental) of approximately $380K. I am actively contributing maximum to 401K.
In short term savings (Dividend Stocks, Checking, Betterment), I have approximately $90K. Excess monthly funds are pushed to Betterment, I maintain 6-9 months of current expenses in checking.
The only debts I have are rental mortgage, maintenance, living expenses (in an apartment in Tulsa), and potentially the car accident. The mortgage is factored in the net worth.
My expenses have been calculated and tracked over the past 3 months, and I know that they can be reduced further (spending a bunch for gym and bio-hacking supplements).
I want to try to retire early. It's is too early//I have not crunched the numbers enough to know when that date will be, but the earlier, the better. I have found a link or two detailing how to access IRA pre-59.5), but I would like to dig into this more//I have concerns. I worry that If I tried to retire in 10 years (mid-40's), how I would access where the bulk of my nest egg resides cleanly. I also envision that my retirement fund should have enough excess to purchase a home in CO when I eventually return.
---
Perhaps too much info/backstory. I look forward to reading through all of the great posts, and perhaps contributing where I am able.
This is my first post, and I definitely have not yet had a chance to read through the forum in any great detail, though I hope to correct that soon.
Born and raised in CO, I have always been a bit of an aggressive saver (10% of salary + Max Roth). But, about 2 years ago, I foresaw the company I was working for implode (it did ~6 months after). I took a new job that, while it was a substantial boost to my AGI, moved me away from where I love.
Just like the people physically around me, the increase in AGI only developed into increasing my spending on "stuff". Late in 2015 I started contracting with a building company on a custom home ($375K++).
During the December holiday, I rented a vehicle and drove back to CO (friends and family). On the way, I was involved in a car accident, in which I was at fault and my insurance will not cover... While I am currently trying to work with my credit card [insurance] to cover the expenses, I realized that I might not be able to afford the house (not that I was honestly looking to be able to afford it and have any excess cash in any case - "house poor" was a concern). To that end, I dropped the contract with the home builder (and lost the earnest money in the process).
It was around this time that I decided that OK will not be my end-all location; that some day I want to go back to CO (where my mind and soul (if such exist) wait for me). I decided that perhaps there would be another way outside of leaving my current job or retiring in 30 odd years. Browsing online I ran into MMM's blog/forum, and read through it. This week, I ran across this website, and I now desire to engorge myself on all of it's knowledge.
---
At this time I have a nest egg in long term savings (401K, Pension, IRA, Roth IRA, HSA, precious metals, rental) of approximately $380K. I am actively contributing maximum to 401K.
In short term savings (Dividend Stocks, Checking, Betterment), I have approximately $90K. Excess monthly funds are pushed to Betterment, I maintain 6-9 months of current expenses in checking.
The only debts I have are rental mortgage, maintenance, living expenses (in an apartment in Tulsa), and potentially the car accident. The mortgage is factored in the net worth.
My expenses have been calculated and tracked over the past 3 months, and I know that they can be reduced further (spending a bunch for gym and bio-hacking supplements).
I want to try to retire early. It's is too early//I have not crunched the numbers enough to know when that date will be, but the earlier, the better. I have found a link or two detailing how to access IRA pre-59.5), but I would like to dig into this more//I have concerns. I worry that If I tried to retire in 10 years (mid-40's), how I would access where the bulk of my nest egg resides cleanly. I also envision that my retirement fund should have enough excess to purchase a home in CO when I eventually return.
---
Perhaps too much info/backstory. I look forward to reading through all of the great posts, and perhaps contributing where I am able.