DangerMouse
Thinks s/he gets paid by the post
Another long time lurker here. A bit about ourselves. DH and I are both 44, residents of California. We are planning on pulling the plug in June 2008. At that time we will move back to our native Australia, main reason being free medical. If we were to stay in the US we would face a retirement age of 65 as DH has two medical conditions which would probably mean we would not be able to get insurance, or if we did it would be outrageously expensive. June 2008 is the target date for 2 reasons, it will be 2008 when DH will qualify for his 40 SS credits - yes we know it may not be around but if it is we want in on the action - and secondly I get paid my 2007 bonus in March 2008.
Current portfolio of $1.1 million is broken down as follows:
14% retirement funds - some in 401K, some in Australia
45% cash - some in US$, some in pounds sterling, some in Aust$
41 investments - mixture of mutual funds and direct stocks, some in Australian funds and some in US funds.
We have lived between US, Australia and UK the past 13 years, which explains the mixture of our holdings.
We do not own a residence in any country, sold our house in Australia in 2005. We have no children, just numerous family members who think it is our responsbility to act as their bank because they are unwilling to accept responsbility for managing their financial affairs in a smart way.
I know some here will cringe and not believe that the money we have is nowhere near enough to support us to the end of our life. However, by June 2008 we expect our $1.1m will be close to $1.4m. We are great fans of the Terrhorst method of retirement. The worst that can happen is we may have to work for 3 months of the year, which by any method of calculation is preferable to 12 months of the year.
It was December 2005 when I was toting up the figures that I realised we were closer to retirement than we thought. I immediately took to the idea, my father died at 58, my mother is in bad health at 65, I only have one grandparent who made it beyond their 60s, so if I am not going to be around for a long time I certainly don't want to spend any more time employed than I have to be. DH had a harder time adjusting, I think in part so much of his identity is tied to his job, whereas my employment has been sporadic due to work permits etc. Also he comes from a family of long-livers, ie. parents are in their 80s and alive, grandmother died at 95, so he can see a long road ahead. However, he has made great strides in the past year and becomes more enthused every day about the idea of throwing it all in.
Current portfolio of $1.1 million is broken down as follows:
14% retirement funds - some in 401K, some in Australia
45% cash - some in US$, some in pounds sterling, some in Aust$
41 investments - mixture of mutual funds and direct stocks, some in Australian funds and some in US funds.
We have lived between US, Australia and UK the past 13 years, which explains the mixture of our holdings.
We do not own a residence in any country, sold our house in Australia in 2005. We have no children, just numerous family members who think it is our responsbility to act as their bank because they are unwilling to accept responsbility for managing their financial affairs in a smart way.
I know some here will cringe and not believe that the money we have is nowhere near enough to support us to the end of our life. However, by June 2008 we expect our $1.1m will be close to $1.4m. We are great fans of the Terrhorst method of retirement. The worst that can happen is we may have to work for 3 months of the year, which by any method of calculation is preferable to 12 months of the year.
It was December 2005 when I was toting up the figures that I realised we were closer to retirement than we thought. I immediately took to the idea, my father died at 58, my mother is in bad health at 65, I only have one grandparent who made it beyond their 60s, so if I am not going to be around for a long time I certainly don't want to spend any more time employed than I have to be. DH had a harder time adjusting, I think in part so much of his identity is tied to his job, whereas my employment has been sporadic due to work permits etc. Also he comes from a family of long-livers, ie. parents are in their 80s and alive, grandmother died at 95, so he can see a long road ahead. However, he has made great strides in the past year and becomes more enthused every day about the idea of throwing it all in.
)) and you just might be around a bit more than you thought 
