Join Early Retirement Today
Thread Tools Search this Thread Display Modes
2028 is the goal
Old 04-06-2019, 01:43 PM   #1
Confused about dryer sheets
Join Date: Apr 2019
Location: Vista
Posts: 1
2028 is the goal

Hi there,

I will turn 52 at the end of the year. Married, she is 48. We live in Socal and have a 14 year old son and a Yellowlab. We are debt-free except for a mortgage ($285K on a $620K house). 401K is maxed out - incl. catchup contribution.

Just went through a major overhaul of our investment strategy and to get that reality check that we are behind in where we should be from a financial perspective. But on the upside - I think with a little financial discipline, some extra effort to optimize our income and investments, and ideally our careers continue (perfect world, right ;-) ) we should be Ok to call it good by the end of 2028.

Come 2029 we will see. If all worked out we can quit the rat race or we should not be too far off from that target.

Made the following changes:

1) Switched investments to follow the Boglehead 3/4 fund investment strategy
2) Should be able to increase monthly savings rate from $800 to at least $2,000/month (after tax). Current plan is to save $1,400 into a Fidelity investment account and to put $600 on top of the regular mortgage payment.
3) Mortgage balance and share value of company stock should match up with each other and then we want to pay off the mortgage.
4) Will move emergency fund into a short-term treasury ladder with Fidelity's Auto Roll service. Money is currently at Amex personal savings at 2.04%
5) Started a side-hustle to build a website and Youtube channel with the goal to build up some side-income that will help to a) increase savings rate and b) provide income in 2029 until we can draw social security.
6) We will re-construct parts of the house over time so that we can rent out a portion when we retire for additional income. We are even considering to by a small RV and travel for a few years and rent out the entire house during that time. Should be able to get ~$3K in gross rental income during that time.

Lots of moving pieces. I spent the last 2 months concentrating on personal finance and investment optimization and now having more clarity definitely helps.

Looking forward to learn a lot from everyone here. Thank you.
Kipper67 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 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 04-08-2019, 10:41 AM   #2
Dryer sheet aficionado
Youngblood's Avatar
Join Date: Jan 2013
Location: Holland
Posts: 40
Welcome to the forum, Kipper67. You will find lots of good advice on here.
Youngblood is offline   Reply With Quote
Old 04-10-2019, 12:02 PM   #3
Full time employment: Posting here.
Join Date: Jul 2014
Posts: 784
Katiek is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
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

Similar Threads
Thread Thread Starter Forum Replies Last Post
Early 30s military couple, 2028 FIRE goal! TDub Hi, I am... 42 11-09-2018 11:36 PM
2028 Summer Games in Los Angeles MichaelB Other topics 7 08-01-2017 01:37 PM
Money goal or time goal? utrecht FIRE and Money 28 01-10-2008 08:32 PM

» Quick Links

All times are GMT -6. The time now is 05:16 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.