Recent content by kenpoed

let's further state, this is for two people, mortgage paid off, assuming zero debt

I should have clarified, this would be for 2 people to live on.........

If you were told you could retire at 60 on 90k in todays dollars, exclusive of SS income, would you be happy, disappointed, etc? Is this high, low, about the target you personally strive for to meet your lifestyle goals?

I am curious if you all consider it true retirement if you work part time? Besides the mental and likely physical benefits of keeping engaged this way, as I approach retirement I wonder if working 2-3 days a week will dampen my enthusiasm for "retirement" or whether it will help the transition...

we are not really sure how to factor in for health care, so about $15k-$20k of that annual withdrawal rate is for health care. Other than that, we want to do a lot of traveling. Actually, based on national factors, $15k may be light when considering health insurance. Do you think I am too...

My wife and I are both 45 and looking to retire in 15 years. We currently contribute $20,000 annually to IRA/401k combos. Our portfolio consists of index funds, Vanguard total market, International index, small cap value index and total bond index. Our AA is 80/20. We have about 1.3M in our...

I am 45, have a 1.1 m portfolio of low cost, passive indexes and feel good about the diversification. My biggest concern as I try to retire in 15 years is to avoid the inflation train I feel is coming. with a 85/15 mix right now I feel I need to stay aggressive because inflation has to come...

Besides inflation and healthcare costs as huge wildcards for those of us seeking FIRE in about 20 years, realistic annual stock returns are the great unknown in the next 20 years. When I attempt to get to the "number" I need, I figure the overall market will return as follows. I would like to...

Yes, that is a good point. My guess is our income will drop to about $125k and we should be able to save $20-$25 k of that annually. It is also a great point about SS, as I foresee us realistically receiving about half of what we are targeted to get.

thanks, yes we have, it all depends on inflation. It says we would be ok if we put $21k in a year with 3.6 % inflation, which I like to use as a hedge.

My wife and I are mid 40's and somewhat concerned about retirement. We are both working and make about $200 combined but neither of us loves our job. With one small child (3) and my wife wanting to stay at home to spend more time with our child, we tend to stress a bit about our finances...

Ah yes, medical! I anticipate that will go up quite bit!

I would like to retire at 60, maybe earlier and use Firecalc to assume a lifespan of 90 (just to be safe), but I have to believe one spends far less in years after say, 70, or 75 than they plan to use. If I were to plan for $100k income annually in retirement, my guess is in todays dollars I...

I am not sure what the confusion is. In other words, for my spouse and I to retire given the info provided already, are we taking too little or too much risk with our stock/bond allocation? Thanks

I left a question out for the forum, namely about asset allocation. If I am attempting to retire in 15-16 years, with a portfolio of 1.2Mil for 2 people, would you be more aggressive with the stock/bond mix or more conservative leaning heavier on bonds? Obviously inflation is a huge wildcard...