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Old 03-29-2024, 03:51 PM   #961
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I am 71. Retired for 13 years.

My first milestone might seem a little odd. It was while I was 53 years old.

At that age any severance (18-24 months) would have placed me over the 55 mark and entitled me to a DB pension, albeit reduced from full pension at 62.

If I did get cut I would have been deemed to have been retired at 55. My unvested stock options would have been vested w/two years to exercise.

After that it was all about savings, equity accounts etc. The usual. But 53.5 was a definite milestone. Unusual??

That was the point at which I realized that early retirement was in the cards, a reality, an attainable goal.

As it turned out I went at 58/59 with a healthly severance package. Best thing that ever happened. Had to wait 16 months for it but it was well worth waiting for. Used that time to get our affairs in order and complete some retirment plans.
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Old 03-29-2024, 04:40 PM   #962
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We just hit $ 3 Mil net worth. I am 85 and DW is 80. After 12 years, 41 countries, 51 trips, 500 travel days, and 17 cruises, we are done with lengthy travels.
We moved to a seaside apartment 2 years ago, and consider it our last move.
Our expenses are about 120K, and our income is over $200K. We have been gifting our 4 sons, and paid for GD's tuition for nursing school.
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Old 03-29-2024, 05:05 PM   #963
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We just hit $ 3 Mil net worth. I am 85 and DW is 80. After 12 years, 41 countries, 51 trips, 500 travel days, and 17 cruises, we are done with lengthy travels.
We moved to a seaside apartment 2 years ago, and consider it our last move.
Our expenses are about 120K, and our income is over $200K. We have been gifting our 4 sons, and paid for GD's tuition for nursing school.
What was your highest NW in history?
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Old 03-29-2024, 05:17 PM   #964
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Quote:
Originally Posted by Souschef View Post
We just hit $ 3 Mil net worth. I am 85 and DW is 80. After 12 years, 41 countries, 51 trips, 500 travel days, and 17 cruises, we are done with lengthy travels.
We moved to a seaside apartment 2 years ago, and consider it our last move.
Our expenses are about 120K, and our income is over $200K. We have been gifting our 4 sons, and paid for GD's tuition for nursing school.
What a great journey in life!!! Congratulations and thanks for sharing all those milestones.
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Old 03-29-2024, 05:41 PM   #965
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Wow-sounds like you’ve had a great life and are now in a position to enjoy slow life too!
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Old 03-29-2024, 06:16 PM   #966
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What was your highest NW in history?
That was it
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Old 03-30-2024, 02:53 PM   #967
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Quote:
Originally Posted by Souschef View Post
We just hit $ 3 Mil net worth. I am 85 and DW is 80. After 12 years, 41 countries, 51 trips, 500 travel days, and 17 cruises, we are done with lengthy travels.
We moved to a seaside apartment 2 years ago, and consider it our last move.
Our expenses are about 120K, and our income is over $200K. We have been gifting our 4 sons, and paid for GD's tuition for nursing school.
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What was your highest NW in history?

$3 Mil is a very respectable NW! Heh, heh, if you're like me, you've stopped thinking in terms of "30-year time line" for it to last. Time to BTD! Enjoy.
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Old 03-30-2024, 03:36 PM   #968
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Originally Posted by Souschef View Post
We just hit $ 3 Mil net worth. I am 85 and DW is 80. After 12 years, 41 countries, 51 trips, 500 travel days, and 17 cruises, we are done with lengthy travels.
We moved to a seaside apartment 2 years ago, and consider it our last move.
Our expenses are about 120K, and our income is over $200K. We have been gifting our 4 sons, and paid for GD's tuition for nursing school.
Thats fantastic. My parents are in their mid-seventies and unfortunately I think they are done with international travel due to health issues. Amazing you were able to get so much travel in. This is why I want to retire before 60.
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Old 04-01-2024, 03:00 PM   #969
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Just hit 2.5m Euro today. As I would like to retire either in Germany (EUR) or Switzerland (CHF), I follow our networth in both currencies.
Target wise Im at 81% (retirement in Germany) and 53% (retirement in Switzerland).
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Old 04-01-2024, 04:06 PM   #970
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Just hit 2.5m Euro today. As I would like to retire either in Germany (EUR) or Switzerland (CHF), I follow our networth in both currencies.
Target wise Im at 81% (retirement in Germany) and 53% (retirement in Switzerland).
What about Portugal like many Americans are?
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Old 04-01-2024, 08:29 PM   #971
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Broke 1.5 million NW. Much to the success is alternative assets. One of these days I will need to buy a house after the wife retires from the military. I am already retired from the military. My concern, at current housing prices, it most likely take a big chunk of my NW. Oh well, need a place to live.
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Old 04-01-2024, 08:38 PM   #972
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Broke 1.5 million NW. Much to the success is alternative assets. One of these days I will need to buy a house after the wife retires from the military. I am already retired from the military. My concern, at current housing prices, it most likely take a big chunk of my NW. Oh well, need a place to live.
Congrats. Why not rent? $1.5M in what assets?
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Old 04-01-2024, 08:43 PM   #973
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i guess there would be no reason not to rent, but would be nice to own my own place. Looking to buy land and get a house built. Found a great farm house plan that looks promising.

Mostly index funds in various retirement and taxable accounts. The alternative assets are in crypto.
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Old 04-02-2024, 04:53 AM   #974
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What about Portugal like many Americans are?

Good one, never visited Portugal and never thought about it. Having said that, I know Portugal is getting more and more popular for Swiss retirees.


The country is now on my vacation bucket list
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Old 04-02-2024, 05:31 AM   #975
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Good one, never visited Portugal and never thought about it. Having said that, I know Portugal is getting more and more popular for Swiss retirees.


The country is now on my vacation bucket list
Having been to Portugal a few times and spent much time researching to move there, I will have to say, it's not as desirable as it once was. It fell out of the #1 spot for "most desirable " a couple years back. Reasons for this was the removal of the tax scheme, stipulation changes to Golden Visa, and the excessive increase in price of real-estate. Locals are not as fond of expats because of this. It's pricing the locals out.

Personally, I love the country. Looking to returning. Although, my desire to live there has dissipated.
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Old 04-02-2024, 07:12 AM   #976
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i guess there would be no reason not to rent, but would be nice to own my own place. Looking to buy land and get a house built. Found a great farm house plan that looks promising.

Mostly index funds in various retirement and taxable accounts. The alternative assets are in crypto.
Well, as retired military you should have a pension and your health care paid for, so you shouldn't need to draw much, if at all, from your nest egg, depending on your retirement budget. If interest rates keep falling, though, you might want to get a mortgage if you're sure you want to buy. Your investments might outperform the interest rate.
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Old 04-02-2024, 07:23 AM   #977
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Well, as retired military you should have a pension and your health care paid for, so you shouldn't need to draw much, if at all, from your nest egg, depending on your retirement budget. If interest rates keep falling, though, you might want to get a mortgage if you're sure you want to buy. Your investments might outperform the interest rate.
Yeah, the wife and will make 200k in pension income. Should not need to draw except for big purchases. We will see how it goes in a couple years when it's time to make the decision.
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Old 04-02-2024, 09:56 AM   #978
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Well, today is a milestone of sorts, more time-related than money. Today is my 54th birthday. My current goal is to retire on my 55th. So, hopefully I can kick the OMY habit, and finally join the ranks of the retired!

It would have been cool if the stock market cooperated and gave me a new all-time high to celebrate, but that's not happening apparently, from the way things are going. Oh well, I did hit a new high on March 28. And, I closed out yesterday at $3,184,627 give or take. So, I can't complain!
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Old 04-02-2024, 01:21 PM   #979
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Well, today is a milestone of sorts, more time-related than money. Today is my 54th birthday. My current goal is to retire on my 55th. So, hopefully I can kick the OMY habit, and finally join the ranks of the retired!

It would have been cool if the stock market cooperated and gave me a new all-time high to celebrate, but that's not happening apparently, from the way things are going. Oh well, I did hit a new high on March 28. And, I closed out yesterday at $3,184,627 give or take. So, I can't complain!
Will you use Rule of 55?
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Old 04-03-2024, 10:05 AM   #980
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Will you use Rule of 55?
Nah, I have enough in after-tax accounts, to bridge the gap between 55 and 59.5. So I won't have to touch the 401k.
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