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Well finally I have enough to be in this forum
05-14-2018, 01:45 PM
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#1
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Dryer sheet aficionado
Join Date: Feb 2012
Location: Newark
Posts: 47
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Well finally I have enough to be in this forum
Hi my name is Mark,
Wife from Nicaragua. Accountant by trade. 4 and half million networth including primary residence. two sons, three grandchildren
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05-14-2018, 07:35 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,607
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Quote:
Originally Posted by Mark24609
Hi my name is Mark,
Wife from Nicaragua. Accountant by trade. 4 and half million networth including primary residence. two sons, three grandchildren
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Congrats- but you had me beat a long time ago.......
VW
__________________
Retired May 13th(Friday) 2016 at age 61.
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05-14-2018, 07:46 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,229
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Same here.
Welcome Mark. Look forward to your posts.
__________________
TGIM
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05-14-2018, 07:47 PM
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#4
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Dryer sheet aficionado
Join Date: Feb 2012
Location: Newark
Posts: 47
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Thks my friend. Look forward to posting
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05-14-2018, 09:37 PM
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#5
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Thinks s/he gets paid by the post
Join Date: May 2005
Location: Portland
Posts: 1,708
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Unless you have a $4 million dollar house I think you are golden. And if you do you are pretty good too!
Welcome. My names Mark as well. I sat next to a Mark at a baseball game yesterday. Good things come in 3's
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05-15-2018, 02:11 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2010
Location: Midwest
Posts: 1,789
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Welcome.
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05-15-2018, 03:25 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,045
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Welcome to the forum!
Perhaps you could tell us more about your situation?
-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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05-15-2018, 04:42 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,362
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Quote:
Originally Posted by Scrapr
Welcome. My names Mark as well. I sat next to a Mark at a baseball game yesterday. Good things come in 3's
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Well, then I'll be the third Mark to chime in here. (real name is Mark, not marko)
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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05-15-2018, 10:21 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,689
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Welcome, Mark. I think many of us have less than that but retired just the same. I have to budget a little more, but our retirement has held steady and so worth it. 4M would put me in a category of major first class travel. You are in the "sweet spot."
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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05-15-2018, 10:44 AM
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#10
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Dryer sheet aficionado
Join Date: May 2018
Posts: 46
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Quote:
Originally Posted by Rianne
Welcome, Mark. I think many of us have less than that but retired just the same. I have to budget a little more, but our retirement has held steady and so worth it. 4M would put me in a category of major first class travel. You are in the "sweet spot."
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With how big the World is, or just the USA for that matter, comparing one's net worth and potential success at FIRE seems impossible. One with $4MM+ in assets could actually be living on a tighter budget than one with $1MM in assets based on COL area, aging parents or kids needing support, Soc. Sec. access, health issues, and so much more. My parents, for example, earned most of their living from real estate investments, none of which had social security taxes, so they don't get to bank on that as part of their retirement equation.
Just sayin'...
MIMH
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The ER bouncer verifies your bank statement at the door
05-15-2018, 10:50 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Location: The Shire
Posts: 1,504
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The ER bouncer verifies your bank statement at the door
Quote:
Originally Posted by Mark24609
Hi my name is Mark,
Wife from Nicaragua. Accountant by trade. 4 and half million networth including primary residence. two sons, three grandchildren
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I think if you had four and a half dollars - let alone millions - you'd be welcome at this forum.
So, Mark, with a pile that big are you retired yet, or still piling on? Your ID says you joined in 2012; are there any other interesting aspects of your situation you'd care to share?
__________________
Paying it forward is the best investment.
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05-15-2018, 02:42 PM
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#12
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Dryer sheet aficionado
Join Date: Feb 2012
Location: Newark
Posts: 47
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Thanks everyone
To add a little more. I retired due to a neurological disorder but that’s okay. I manage. My wife still works but will probably retire next year. I receive social security because of the disorder, but we want to wait until age 70 to receive hers.
My daughter just became an emergency room Nurse in Bakersfield, CA. We adopted her from the foster care system. The day she received her medical degree was the proudest day of my life. She was diagnosed with Fetal Alcohol effect, but I didn’t believe them. I pushed and pushed her, and taught her math before middle school and reading before kindergarten. When she received her degree, she said, “Thankyou for choosing me.” She actually met her biological sister and her sister goes from one minimum wage job to another. So she witnessed what her life could have been like. She has one child, husband deployed in Jordan until August. There is no limit to what she can make although she still has bill,collectors not because she can’t pay the bills but because she forgets.
My son works for AT&T and is also married two kids.
Does anyone else have the problem I have. You spend all this time saving, and now it becomes hard to spend it.
Let me add a PS because I live in the Bay Area, the house just topped a million dollars. So net worth less primary is 3.5 million. Mortgage paid off. I bought the house for 121,000 go figure. A million is non IRA/401K. 2.5 million in tax deferred accts.
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05-15-2018, 02:48 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,353
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Welcome to the forum, although you at least have been a lurker for a while. Seems you have a good amount and ready for your wife to quit working and join you in retirement.
Read the Blow That Dough thread to help you with spending. It is an adjustment to go from accumulation mode to withdrawal mode.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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05-15-2018, 02:48 PM
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#14
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Dryer sheet aficionado
Join Date: May 2018
Posts: 46
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Quote:
Originally Posted by Mark24609
Does anyone else have the problem I have. You spend all this time saving, and now it becomes hard to spend it.
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I'm not in your shoes, because I haven't retired yet, but I've heard this mantra before. Those who save, continue to save in retirement. I'm not a huge proponent to financial advisers, but I do believe some people need them. Some - to ensure they have enough at retirement. Others - to ensure they spend enough in retirement! It is likely I'll be in the latter group with you, when my FIRE day comes.
MIMH
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05-15-2018, 10:36 PM
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#15
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Recycles dryer sheets
Join Date: Apr 2018
Posts: 105
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Quote:
Originally Posted by Mark24609
To add a little more. I retired due to a neurological disorder but that’s okay. I manage. My wife still works but will probably retire next year. I receive social security because of the disorder, but we want to wait until age 70 to receive hers.
My daughter just became an emergency room Nurse in Bakersfield, CA. We adopted her from the foster care system. The day she received her medical degree was the proudest day of my life. She was diagnosed with Fetal Alcohol effect, but I didn’t believe them. I pushed and pushed her, and taught her math before middle school and reading before kindergarten. When she received her degree, she said, “Thankyou for choosing me.” She actually met her biological sister and her sister goes from one minimum wage job to another. So she witnessed what her life could have been like. She has one child, husband deployed in Jordan until August. There is no limit to what she can make although she still has bill,collectors not because she can’t pay the bills but because she forgets.
My son works for AT&T and is also married two kids.
Does anyone else have the problem I have. You spend all this time saving, and now it becomes hard to spend it.
Let me add a PS because I live in the Bay Area, the house just topped a million dollars. So net worth less primary is 3.5 million. Mortgage paid off. I bought the house for 121,000 go figure. A million is non IRA/401K. 2.5 million in tax deferred accts.
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Beautiful story Mark with your daughter. Forget about the FIRE part or your problem on spending money. The success your daughter's having, you must be so proud. That's awesome. Thanks for sharing.
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05-16-2018, 01:54 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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Quote:
Originally Posted by Mark24609
Does anyone else have the problem I have. You spend all this time saving, and now it becomes hard to spend it.
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Yes, it’s pretty common here. But it only makes sense, having the discipline to save income means spending less than you otherwise could have. That habit tends to persist, especially once you have less/no income and can’t accumulate savings. LBYM persists!
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-16-2018, 06:09 AM
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#17
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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
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Great story Mark. Welcome.
Quote:
Originally Posted by Mark24609
....she still has bill,collectors not because she can’t pay the bills but because she forgets. ....
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She could probably set up all her bills on autopay in a couple hours and end up saving lots of time dealing with bill collectors.
Quote:
Originally Posted by Mark24609
....Does anyone else have the problem I have. You spend all this time saving, and now it becomes hard to spend it. ....
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Common problem around here... hard to go from saving to spending. My solution was to set up an automatic monthly transfer from our retirement assets to the local credit union account that we use to pay our bills... I call it my monthly "paycheck".
__________________
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
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05-16-2018, 06:29 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,607
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Quote:
Originally Posted by pb4uski
Great story Mark. Welcome.
She could probably set up all her bills on autopay in a couple hours and end up saving lots of time dealing with bill collectors.
Common problem around here... hard to go from saving to spending. My solution was to set up an automatic monthly transfer from our retirement assets to the local credit union account that we use to pay our bills... I call it my monthly "paycheck".
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+1 great ideas solve the obvious problems of sufficient assets and insufficient memory. Great reply pb4uski!!
__________________
Retired May 13th(Friday) 2016 at age 61.
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05-16-2018, 12:53 PM
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#19
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Dryer sheet aficionado
Join Date: Feb 2012
Location: Newark
Posts: 47
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Ha ha I said the same thing. So, now her husband deployed in Jordan changed credit card numbers so she stopped the autopay said it doesn’t work. She sure was good in nursing school. I can’t even get her to put enough in her 401k for the matching. May have to make a trip down there and drag her down
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05-16-2018, 12:54 PM
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#20
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Dryer sheet aficionado
Join Date: Feb 2012
Location: Newark
Posts: 47
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Quote:
Originally Posted by JakeinChina
Beautiful story Mark with your daughter. Forget about the FIRE part or your problem on spending money. The success your daughter's having, you must be so proud. That's awesome. Thanks for sharing.
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Absolutely correct. She is my pride and joy
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