Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 06-24-2018, 12:42 PM   #21
Dryer sheet aficionado
NewTimes's Avatar
 
Join Date: Jun 2018
Location: Daytona Beach
Posts: 32
Quote:
Originally Posted by ShokWaveRider View Post
Welcome, sounds like you have "Won the Game" and like us want Zero risk. We are CD investors and it idoes us just fine and dandy. Our self calculated inflation rate after being retired for 10 years is < ~1-2% on average for the WHOLE 10 year period. Now that may change next year. Like you we do not work and have Zero debt.

Sounds like you have thought it out. CDs are a remedy for insomnia in our opinion. Too many equities (IMHO more than 10%) is a recipe for it.

BTW I can see you from our local Beach here in St. Augustine. Tell your DW I like her sunbathing hat.
Sounds like we be close in retirement in finances and in distance as you're less than an hour up the road on I-95. Glad to know the safe, conservative CD investments have worked for you.
__________________
Back in the Sunshine State
NewTimes 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 Early-Retirement.org 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 06-24-2018, 05:13 PM   #22
Thinks s/he gets paid by the post
 
Join Date: Dec 2010
Location: Midwest
Posts: 1,789
Try this: Put 1/2 of the money in "safe", FDIC insured investments. Each of you now has $100k of your "own" money to invest. She can put another $100k in safe investments, should she wish. You however, can put your $100k where you want. You can take the time to gain knowledge from books, online courses or lurking about here. No hurry, leave your money in an online savings acct., bringing in 1.6 or so, FDIC insured, while you study up. My wife have done this in the past with our IRA money, and it keeps peace in the family. Should my money have a bad year, no problem, as I am only working with 25% of our retirement funds.
Good luck and welcome.
brucethebroker is offline   Reply With Quote
Old 06-24-2018, 05:16 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Dec 2010
Location: Midwest
Posts: 1,789
Remember about CD's-looking good now, but for about 7 years the return (1-3 year) was well under 1%. If you had wanted to retire back then, you would not have had much of a CD option.
brucethebroker is offline   Reply With Quote
Old 06-24-2018, 05:48 PM   #24
Full time employment: Posting here.
 
Join Date: Jul 2013
Posts: 953
Quote:
Originally Posted by NewTimes View Post
I turn 66 in April and then will collect SS.

One thing that you might want to explore is the claiming strategies for Social Security. Delaying the higher earner's SS to age 70 will increase the monthly payment. Given that you would perhaps use some of the money that would be otherwise invested in a CD to cover expenses, the break even points would be easily calculated.

Depending on your earnings record and your wife's earning record, there may be some worthwhile alternatives to investigate.
__________________
Well it's all right, we're heading to the end of the line...
Clone is offline   Reply With Quote
Old 06-25-2018, 10:19 AM   #25
Dryer sheet aficionado
NewTimes's Avatar
 
Join Date: Jun 2018
Location: Daytona Beach
Posts: 32
Quote:
Originally Posted by Clone View Post
One thing that you might want to explore is the claiming strategies for Social Security. Delaying the higher earner's SS to age 70 will increase the monthly payment. Given that you would perhaps use some of the money that would be otherwise invested in a CD to cover expenses, the break even points would be easily calculated.

Depending on your earnings record and your wife's earning record, there may be some worthwhile alternatives to investigate.
Thanks. As I entered by 60's, I noticed my skill set was diminishing. I noticed and others did not, but I noticed it. I wanted to reduce the stress of running a small business. The comment used to be that I "needed to feed the alligator" each month. So, I'm moving towards collecting SS in April, I have become debt free, and wife and I live a modest lifestyle. We fortunately had the opportunity to do a lot in the past so the urge to "catch up" on lots of unfilled experiences is not there. Other than a demanding eldercare issue with my mother-in-law, life is good for us.
__________________
Back in the Sunshine State
NewTimes is offline   Reply With Quote
Old 06-25-2018, 10:31 AM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,230
Quote:
Originally Posted by NewTimes View Post
Thanks. As I entered by 60's, I noticed my skill set was diminishing. I noticed and others did not, but I noticed it. I wanted to reduce the stress of running a small business. The comment used to be that I "needed to feed the alligator" each month. So, I'm moving towards collecting SS in April, I have become debt free, and wife and I live a modest lifestyle. We fortunately had the opportunity to do a lot in the past so the urge to "catch up" on lots of unfilled experiences is not there. Other than a demanding eldercare issue with my mother-in-law, life is good for us.
Good stuff to hear and the Alligator comment is appropriate for FLA.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 06-25-2018, 02:00 PM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
Quote:
Originally Posted by NewTimes View Post
....I turn 66 in April and then will collect SS. ....
Have you checked out https://opensocialsecurity.com/ ?
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Old 06-25-2018, 03:20 PM   #28
Dryer sheet aficionado
NewTimes's Avatar
 
Join Date: Jun 2018
Location: Daytona Beach
Posts: 32
Quote:
Originally Posted by pb4uski View Post
Have you checked out https://opensocialsecurity.com/ ?
Thanks for the link. I will explore it.
__________________
Back in the Sunshine State
NewTimes is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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
Happy Birthday to my little buddy..and Happy St. Patty's day to the rest of you! thefed Other topics 18 03-18-2010 04:15 AM
The Fat Pension newellcr Young Dreamers 34 07-26-2005 08:23 AM
Kung Hei Fat Choi SDY888 Other topics 4 02-14-2005 10:55 AM
You can't drink a fat girl thin John Galt Other topics 9 01-06-2005 01:07 PM

» Quick Links

 
All times are GMT -6. The time now is 03:28 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.