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Old 11-12-2020, 07:40 AM   #41
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By the end of 2021, my non real estate asset should be 863k.
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Old 11-12-2020, 07:49 AM   #42
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Originally Posted by Ole Red 29 View Post
Want to continue to learn more / refine my understanding of retirement finances.

Want to get my wife more interested / involved in the finances (so she could carry on in my absence).

Good luck with that. I gave up on getting DW interested in anything financial. Fortunately, if I check out first DS or DD can easily guide her, pretty good wiggle room.
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Old 11-12-2020, 10:28 AM   #43
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Originally Posted by Blue531 View Post
I like to write down my goals and find I'm more likely to attain them when I do. Has anyone set theirs for next year? If so, care to share?
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You first.
Yes, anyone notice that the OP has not participated in this thread? And this isn't the only thread like that?
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Old 11-12-2020, 10:33 AM   #44
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I pretty much stick to the same simple plan, year in and year out.
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Old 11-12-2020, 11:11 AM   #45
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Originally Posted by Out-to-Lunch View Post
Yes, anyone notice that the OP has not participated in this thread? And this isn't the only thread like that?
Blue531 is the OP and NEVER participates after that OP on anything they start.
Pretty strange. Troll? Baiting the hook for some other purpose? Using responses in their blog?
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Old 11-12-2020, 11:36 AM   #46
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1. Max 401k contributions before 31 Mar (planned retirement date). This requires some serious withholding to get the 19,500 + 6,500 all out before 31 Mar. I debated whether to put anything into my 401k just to pull it back out via Roth conversions later, but it will go in @ 33% and come out @ 12%, so that is worth it.

2. Retire on 31 Mar

3. Stay within planned spend.

4. Enjoy the ride.
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Old 11-12-2020, 02:59 PM   #47
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Originally Posted by Ole Red 29 View Post
Want to get my wife more interested / involved in the finances (so she could carry on in my absence).
LOL, I brought this up last night then it did not go very well
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Old 11-12-2020, 04:15 PM   #48
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Sequence of returns risks manifested itself via C-19virus & its now waning unknowns.

Funny couple posts above mine attempting to be pragmatic financially with spouses.
Good luck & Best wishes.....
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Old 11-12-2020, 04:25 PM   #49
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2. Retire on 31 Mar.

That will be my eight year retirement anniversary!
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Old 11-12-2020, 04:31 PM   #50
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Hopefully my portfolio can get to $4M, so that I can no longer have an excuse to no retire.
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Old 11-12-2020, 04:59 PM   #51
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Recounted by John Bogle:
At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, the author Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel "Catch 22" over its whole history. Heller responds, “Yes, but I have something he will never have . . . Enough.”
IMO, "enough" is not a number. It is an attitude. Our goal, as always, is to continue to have enough.
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Old 11-12-2020, 05:03 PM   #52
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1. W$rk through my 55th birthday in January (yeah, Rule of 55).
2. Max out 401(k) contributions for the first 4-8 weeks of 2021.
3. RE before the end of February.
4. Have investments make more than my budgeted spend in 2021 (>4.9% return). This is more of a hope than a goal.
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Old 11-12-2020, 05:38 PM   #53
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1. Front-load my 403b in first six months.
2. 7K to Roth IRA early in year.
3. Finalize financial planning for . . .
4. RE in the fall.
5. Enjoy years of planning and FI.
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Old 11-12-2020, 05:39 PM   #54
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Make money in the market
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Old 11-13-2020, 04:19 AM   #55
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Healthy, wealthy and wise. And keep living below the radar.
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Old 11-13-2020, 09:33 AM   #56
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Travel safely around the state (Big Bend then South Padre planned during January).

Keep DH as healthy as possible- the oncologist as reduced his maintenance meds (yay) to just every quarter and he has more energy. I'm the head cook and personal trainer, so... he works for food- literally! lol

Continue Roth conversions, and I really appreciated Rick Moberg's Conversion guide- so timely. I'm trying to scoot over every dime to reduce future taxes (once there is only one of us left). I was late starting that- I did it this year for the first time. Right now, our taxes are nothing b/c we are essentially living off of DH early SS & accumulated bridge cash. Once I start SS (prob at 67- 2027- or 2030 if it's not needed), taxes will increase a lot for us.

Increase charity giving. I don't have the time (and it's not safe unless virtual) to volunteer much now.

Be happy.

Just some funny things... We had to do PDPs (personal development plans) where I retired from, and we ALL hated them. They were so stupid- esp. for people late in their career who like me did NOT want to move up anymore, but continued to be a cash cow.

I just had to make stuff up sometimes and so did my manager who also had one foot out the door. I told him years before I retired that I just wanted to continue as a worker bee and glide on out of town when the time was right. When I expressed no interest in taking a job in the UK 2 years after that, I knew my days were numbered (good manager long gone by then). Not too long after, the person I turned down was my new boss. Exit stage left!

My older brother- still working- does a PowerPoint presentation every year that he makes his family sit through. While I admire it, I don't do it. All of that goal setting?! pish posh!!!
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Old 11-13-2020, 12:02 PM   #57
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Quote:
Originally Posted by Ronstar View Post
Ending 2021 portfolio total $ = Beginning 2021 portfolio total $ * 1.04
Same here. Down from 1.06 this year and 1.07 previously. Somewhat dependent on what happens in the next 6 weeks.

Also trying to increase WR from 2% to 3% (made harder by Covid lockdown).
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Old 11-13-2020, 12:14 PM   #58
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Quote:
Originally Posted by Blue531 View Post
I like to write down my goals and find I'm more likely to attain them when I do. Has anyone set theirs for next year? If so, care to share?
I have never had a financial goal. A goal would mean something that is mostly under your control, such as being able to save so much money, or to spend less. Even when I was working, I saved what I could, and my savings were what they were. No goal there even.

Now, I do have a plan, but where that leads, who knows? My ultimate investment return depends on the finicky market, and who knows what it will do.
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Old 11-13-2020, 01:11 PM   #59
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Goal is to spend some money.
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Old 11-13-2020, 05:08 PM   #60
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Stay within my spending budget.
Increase my income slightly (I live entirely off of dividends/interest).

If I do the above I keep my withdrawal rate below 2% which I am very happy with.

My net worth goes up and down with the stock market and I cant control that. I can control my spending and my income though so I put my focus there.
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