|
|
06-24-2018, 12:42 PM
|
#21
|
Dryer sheet aficionado
Join Date: Jun 2018
Location: Daytona Beach
Posts: 32
|
Quote:
Originally Posted by ShokWaveRider
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
|
|
|
|
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!
|
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.
|
|
|
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.
|
|
|
06-24-2018, 05:48 PM
|
#24
|
Full time employment: Posting here.
Join Date: Jul 2013
Posts: 953
|
Quote:
Originally Posted by NewTimes
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...
|
|
|
06-25-2018, 10:19 AM
|
#25
|
Dryer sheet aficionado
Join Date: Jun 2018
Location: Daytona Beach
Posts: 32
|
Quote:
Originally Posted by Clone
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
|
|
|
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
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
|
|
|
06-25-2018, 02:00 PM
|
#27
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
|
Quote:
Originally Posted by NewTimes
....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
|
|
|
06-25-2018, 03:20 PM
|
#28
|
Dryer sheet aficionado
Join Date: Jun 2018
Location: Daytona Beach
Posts: 32
|
Quote:
Originally Posted by pb4uski
|
Thanks for the link. I will explore it.
__________________
Back in the Sunshine State
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|