jonc
Dryer sheet wannabe
Hi,
I'm Jon. I'm coming up on the big 50 and am not nearly as ready to FIRE as I want, but I'm aggressively trying to achieve FI.
The good: wholly owned home in excellent condition (built 1929), no debt, no kids, a max'd out 401k and about a 45% annual savings rate and I'm actually generating enough income from peer to peer investment platforms to pay for property taxes and the income tax on the interest I'm earning.
The bad: I have about 1/10th of what I dream to have in order to retire comfortably before I can tap my retirement accounts. I have had an expensive kidney condition for 42 years and it's not going away.
I may ratchet down my aspirations, but I believe my damaged organs always will require more than average health care costs, so unless something changes, I work for a good wage (too much to contribute to an IRA) and better than average medical, dental, vision benefits at a growing 4000 person tech company.
I was the 302nd hire back in 1999 and there are about 30 people there who've been on the payroll longer than I. Yeah, I survived all the lay offs.
My after-tax savings is going towards income an generating investment diversified portfolio.
I have enjoyed reading your stories and advice and look forward to continuing. If I have something useful to say, I'll speak up, but right now, I'm just consuming information and trying to use it towards my own personally wise choices.
-Jon
I'm Jon. I'm coming up on the big 50 and am not nearly as ready to FIRE as I want, but I'm aggressively trying to achieve FI.
The good: wholly owned home in excellent condition (built 1929), no debt, no kids, a max'd out 401k and about a 45% annual savings rate and I'm actually generating enough income from peer to peer investment platforms to pay for property taxes and the income tax on the interest I'm earning.
The bad: I have about 1/10th of what I dream to have in order to retire comfortably before I can tap my retirement accounts. I have had an expensive kidney condition for 42 years and it's not going away.
I may ratchet down my aspirations, but I believe my damaged organs always will require more than average health care costs, so unless something changes, I work for a good wage (too much to contribute to an IRA) and better than average medical, dental, vision benefits at a growing 4000 person tech company.
I was the 302nd hire back in 1999 and there are about 30 people there who've been on the payroll longer than I. Yeah, I survived all the lay offs.
My after-tax savings is going towards income an generating investment diversified portfolio.
I have enjoyed reading your stories and advice and look forward to continuing. If I have something useful to say, I'll speak up, but right now, I'm just consuming information and trying to use it towards my own personally wise choices.
-Jon
Last edited: