Montecfo
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Hope everyone's year is off to a great start.
I was mulling my FIRE journey. Currently I am FI but not RE yet.
When I set out, I had 3 targets for investable assets: Low, Mid and High. Since we do not have pensions (except for still-working DW's "latte" pension) the investable assets are the key. The mid target is 25% higher than the low, and the high is 50% higher than the low.
We surpassed the Low target a few years ago, the Mid target 2 years ago, and the high target could be withing reach in weeks or months.
So i find myself thinking about 2 things:
1. Won the Game! Spike the Football. Prepare for a more conservative AA (though I have plenty of $ in my "conservative" bucket)
2. Move those goalposts!
As I consider moving the goalposts, I also see the threads about tax torpedoes. With 65% of investable assets in traditional IRAs/401k, taxes are an issue.
But then moving the goalposts means more to the taxman. Don't want my encore job to be working for the taxman!
Thoughts welcome
I was mulling my FIRE journey. Currently I am FI but not RE yet.
When I set out, I had 3 targets for investable assets: Low, Mid and High. Since we do not have pensions (except for still-working DW's "latte" pension) the investable assets are the key. The mid target is 25% higher than the low, and the high is 50% higher than the low.
We surpassed the Low target a few years ago, the Mid target 2 years ago, and the high target could be withing reach in weeks or months.
So i find myself thinking about 2 things:
1. Won the Game! Spike the Football. Prepare for a more conservative AA (though I have plenty of $ in my "conservative" bucket)
2. Move those goalposts!
As I consider moving the goalposts, I also see the threads about tax torpedoes. With 65% of investable assets in traditional IRAs/401k, taxes are an issue.
But then moving the goalposts means more to the taxman. Don't want my encore job to be working for the taxman!
Thoughts welcome