TheCrusher
Confused about dryer sheets
- Joined
- Aug 26, 2019
- Messages
- 3
Hi,
New to forum but have had strong interest in personal finance and trying to find financial balance in my life. Offering my financial overview below for feedback and guidance on where I stand. My personal issue is that I don't know if I can ever stop being over focused on increasing net worth.
- Married with two kids. 53 years old.
- One child out of college and second one entering 8th grade
- Live outside major east coast city
- Net worth overview
Taxable Accounts - $2.25M
Retirement Accounts - $1.65M
Pension - $105K lump sum when I turn 65
House - $650K market value, no mortgage
Annual Expenses - $90k/year
Future Social Security - $3080 at retirement age ($3800 at 70 years old)
Current Income: Me- $240K, Wife - $30K
Have been in sales my entire career which is extremely stressful and I have burned out. Current job is less stressful which is tradeoff for less financial upside in job which I'm fine with at current moment.
All my calculations say I'm in solid financial shape but I can't change my mindset to relax and live in the moment more. I'll always want to work in some capacity but not always for maximum $'s and worrying about maintaining a marketable resume
I also want to be able to leave some $'s to my kids later in life.
I struggle with the crazy gyrations in the stock market which are politically driven and not based on fundamentals. Ready to minimize my exposure as can't handle the volatility. Yes I'm more conservative in asset allocation of stocks/bonds but with a large portfolio a few % points is still a lot of $'s to me.
Interested in your feedback.
New to forum but have had strong interest in personal finance and trying to find financial balance in my life. Offering my financial overview below for feedback and guidance on where I stand. My personal issue is that I don't know if I can ever stop being over focused on increasing net worth.
- Married with two kids. 53 years old.
- One child out of college and second one entering 8th grade
- Live outside major east coast city
- Net worth overview
Taxable Accounts - $2.25M
Retirement Accounts - $1.65M
Pension - $105K lump sum when I turn 65
House - $650K market value, no mortgage
Annual Expenses - $90k/year
Future Social Security - $3080 at retirement age ($3800 at 70 years old)
Current Income: Me- $240K, Wife - $30K
Have been in sales my entire career which is extremely stressful and I have burned out. Current job is less stressful which is tradeoff for less financial upside in job which I'm fine with at current moment.
All my calculations say I'm in solid financial shape but I can't change my mindset to relax and live in the moment more. I'll always want to work in some capacity but not always for maximum $'s and worrying about maintaining a marketable resume
I also want to be able to leave some $'s to my kids later in life.
I struggle with the crazy gyrations in the stock market which are politically driven and not based on fundamentals. Ready to minimize my exposure as can't handle the volatility. Yes I'm more conservative in asset allocation of stocks/bonds but with a large portfolio a few % points is still a lot of $'s to me.
Interested in your feedback.
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