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Old 05-11-2013, 08:25 PM   #161
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Most of my/our retirement will be my two pensions, so if I don't figure those I don't really have a way to calculate. Our savings will only account for 15% - 18% of our monthly/yearly net income. The rest is from the pensions. I'm not including wife's SS which is still 10 yrs down the road.
It sounds like it makes sense for you to include the cash value of your pension in your net worth, then.

Here is one description of how to calculate it:

How to Calculate the Cash Value of a Pension | eHow

The Bogleheads site also has a number of threads on this topic.
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Old 05-11-2013, 08:26 PM   #162
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Originally Posted by martyb View Post
Most of my/our retirement will be my two pensions, so if I don't figure those I don't really have a way to calculate. Our savings will only account for 15% - 18% of our monthly/yearly net income. The rest is from the pensions. I'm not including wife's SS which is still 10 yrs down the road.
I am not an expert (that should probably be the default signature here). I think you may be talking about covering your expenses, not so much net worth.

Net worth is not as important in my mind - it's more a cocktail party "mine's bigger than.yours" thing.
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Old 05-13-2013, 10:13 AM   #163
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Made some $, read a book

First, we passed our high water mark last month!

Second, I finished reading The Four Pillars of Investing by William Bernstein. Excellent book that I wish I'd read when it first came out. So to all you young folks out there , take my advice and get read this book!

P.S. I was ER frugal and bought a used copy online.
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Old 05-17-2013, 04:38 PM   #164
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OK I retired on July 1 2011. Immediately rolled my $605K 401K into a Fidelity IRA with 50% short-term bond fund & 50% stock funds - no DCA for the kid (lump sum pension went into Vanguard IRA).

Whereupon we had the biggest dip since 2008 and I lost $47K in Sept and Oct 2011. And in the interim I have withdrawn $67K for living expenses via 72T.

Today my Fidelity IRA hit $605.5K

Eeeeeeeeeeeeeeeeeeeeew!!!!
(Meant to be read backwards)
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Old 05-21-2013, 09:46 PM   #165
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$2,403,000.00 First time surpassing $2.4m.

Portfolio is double the value it was 32 months ago, combination of our contributions and market gains. Yep, I would be okay with it doing that over the next 32 months.
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Old 05-22-2013, 04:29 PM   #166
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I announced my retirement to all the partners in my office yesterday.

Once we got past the "what will you do" questions, most of them said they were happy for me.
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Old 05-22-2013, 04:46 PM   #167
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$2,403,000.00 First time surpassing $2.4m.

Portfolio is double the value it was 32 months ago, combination of our contributions and market gains. Yep, I would be okay with it doing that over the next 32 months.

Have you truly doubled the value or are you still recovering your pre-crash value?
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Old 05-22-2013, 06:14 PM   #168
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Have you truly doubled the value or are you still recovering your pre-crash value?
Year-End Portfolio Values

12-31-2007 1,017,070
12-31-2008 713,063
12-31-2009 1,052,126
Today $2,400,000
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Old 05-22-2013, 07:24 PM   #169
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Impressive indeed! I am 85% in stock and did not see that kind of returns. Thanks for sharing; very inspiring.
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Old 05-22-2013, 10:05 PM   #170
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Impressive indeed! I am 85% in stock and did not see that kind of returns. Thanks for sharing; very inspiring.
Definitely not all returns as we added $100k, $177k and $180k in new cash to our investments in 2010, 2011, 2012.
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Old 05-22-2013, 10:29 PM   #171
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I announced my retirement to all the partners in my office yesterday..
Congrats!
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Old 05-23-2013, 09:08 PM   #172
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Definitely not all returns as we added $100k, $177k and $180k in new cash to our investments in 2010, 2011, 2012.
Impressive, indeed!
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Old 05-25-2013, 05:44 AM   #173
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FIRE Milestones:

All through the years it was having my home paid off and a million in retirement accounts / assets. Now what? Hit it over a year ago. Thought I would feel good about it, but am still not all that comfortable. 51, with a possible early ret. package in the near future (100k & 85% med.)

Not sure milestones really mean all that much.......
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Old 05-25-2013, 06:01 AM   #174
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FIRE Milestones:

All through the years it was having my home paid off and a million in retirement accounts / assets. Now what? Hit it over a year ago. Thought I would feel good about it, but am still not all that comfortable. 51, with a possible early ret. package in the near future (100k & 85% med.)

Not sure milestones really mean all that much.......
AT-

If I'm reading this correctly: $100k/yr pension + $1M portfolio =~ $135k/yr for ever (and ~$120k/yr if 1/3 of your assets are in your house), and you've got health care covered, then it seems to me you SHOULD feel good...REAL good... good.

There are a lot of folks who'd love to be as "...still not all that comfortable" as you are. I don't know what your expenses will be but, I'd expect you can live well on $120-$135k/yr. So, give yourself a break, celebrate a little.
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100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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Old 05-25-2013, 06:08 AM   #175
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Ahhhhh........ no. (I wish)

The $100k is the potential early out package..........
(Taxed at about 40%)

Looking to generate 50k / yr.

I net $1500 from a rental, with $850k in 401 & Roth.
Owe 60k on the rental, its value today is 350k.
home value about 700k not included.
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Old 05-26-2013, 12:19 PM   #176
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FIRE Milestones:

All through the years it was having my home paid off and a million in retirement accounts / assets. Now what? Hit it over a year ago. Thought I would feel good about it, but am still not all that comfortable. 51, with a possible early ret. package in the near future (100k & 85% med.)

Not sure milestones really mean all that much.......
Know the feeling. I thought the same thing, 1M and a paid off home, no debt. Now getting close to 2M, with paid off home, and I still don't feel confident.
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Old 05-26-2013, 12:28 PM   #177
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Now getting close to 2M, with paid off home, and I still don't feel confident.
Some people never do, no matter how much they have socked away. POMY Syndrome* is what the condition is called.


*Perpetual One More Year Syndrome
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Old 05-26-2013, 01:15 PM   #178
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Not sure if I have POMY? Or what it is?
If I could get a 4-5% safe return, I would not be worried a bit.
Its just that the Bond market and Stock market look like a crap shoot to me at these levels.........
No interest in reliving 2002 or 2009 again.
And who wants 1.5% in a 5yr CD?

Call me chicken.........
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Old 05-26-2013, 02:45 PM   #179
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Both wife and I are 38, we have 160K in retirement savings combined. Yes we are on the very low side but it is where we are nonetheless. She recently got to 110k on her 403b and I just broke the 40k mark on my 401k. We have both have Roth accounts which we opened last year and have close to 10k combined. We plan to get more intentional about our retirement and investments. Our goal is to retire at 62 and move to the Caribbean where we own some nice land on the country side. Our milestone was acquiring some land from a family member at a great price, most of which is very flat.
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Old 05-27-2013, 07:38 AM   #180
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I just updated our May expenses on the expense worksheet and realized we hit a pretty cool milestone. Our dividends from our after tax brokerage account are now a little more than double our yearly expenses. Not a bad safety factor!
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