Recent content by gatored

Crossed $2MM in investable assets last night and $2.5MM in NW a few weeks ago, the former being the more important number. So far, things falling nicely into place. I'm 52, wife is 48. Children are 13 and 10. The plan is to retire early in 3-5 years with house paid off and IA between $2.5MM and...

Just hit $2MM NW. Hoping to hit $2MM Investable Assets (the more important number) by late 2021

I must have missed this was a deferred annuity.

I haven't read the whole thread, but if $1MM nest egg is worth $40,000 income with a 4% SWR, why can't you reverse the equation. In the equation above the $1MM nest egg is worth $1MM in Net Worth. If this annuity spins off $30,000, why couldn't you divide this by .04% , which would give you a...

This is close to what we have planned Currently: I'm 49, my wife is 45, we have 10 and 7 year old girls Plan: Both of us retire in 2026 (57/53) as the oldest finishes her Senior year of high school and the youngest her Freshman year, both at Private Schools. To retire: -house paid off (still...

“I spent half my money on gambling, alcohol and wild women. The other half I wasted.”

My parents paid for my schooling (including Graduate School). Same for my wife. I'm not going to ignore how much of a head start that was in our ability to be on a path for FI. Our plan for our 2 daughters is to pay for their education as well. This plan is a "pay it forward" model and we...

Only work part-time starting in 2023 at 36 years old and DH at 46 with a 9 and 11 year old? $1.2MM, plus part time income is supposed to cover your living expenses (utilities, clothes, food, property taxes, home insurance for tiny house, cars, car insurance, medical insurance for 4, etc.) for...

How do 2 people who retire in their early 40's get $6,500 combined in SS? Even if both of you wait until 70, don't you have a lot of 0's averaged into your top 35 earning years?

So conservative and worried about risk that she retired at 52? ;D

Consistent with the "it's not just about You" line of thinking, couldn't you also surmise that you should factor in the impact to your children's inheritance. With all of the Monte Carlo simulations of withdrawl rates less than 4% likely leading to having more in your retirement accounts than...

Seems to be one of the more unconventional approaches to retiring by 50. I'm going to bite my tongue a bit and just say you should go speak with a financial advisor and skip all the internet self-help links.