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You nailed it, pb4uski! Quite frankly with 500K NET in hand after selling our second home, we can easily live on it from 52 to 59 1/2. We wouldn't touch our 401K/457B/Roth's etc. No need. We are fairly frugal and know our expenses well. The $2.3M wad would grow up to $3.4M at age 60, plus SS...

About $1800 for me at 62 and $2700 for DW at 70. By the way, I am not counting that in my calculations at this point.

FireCal says 100%. Please remember I am not using any SS. That will be gravy for us. I intend to take SS at age 62 while wife will take it at age 70. Women live for EVER on her side. :laugh:

Good points and thanks for watching my back, guys! I "think" we will help our 2 kids but we also will have some decent inheritance in next decade or so coming in (aging parents on both sides) which we can easily use to help our kids that are currently teenagers. Neither of us have a magic wand...

Apart from 500K cash that we will have available when I turn 52, we also have deferred comp as well with as some Roth IRA (contribution portion), that can help fill the gap between 52 & 59 1/2. It's counted in that $2.3M wad. No pension and not counting on SS- that will be gravy (if the Fed's...

Hi all, Will be 48 this year and thinking of retiring at 52 when we will be kid free. Our annual expenses are about $80K and we would have about $2.3M saved by age 52. We will also get a lump sum of about $500K from sale of an asset. For insurance purposes, our goal will be to convert pre-tax...

Hi all, This question may have been asked a 100 plus times (so my apologies) but my query is more relevant in today's times when stock markets are at their all time peaks. I recently received 100K in inheritance. I am planning on ER in ~ 3 years when I will be 50. I would love to use this...

Hi all, I learn a lot from the collective wisdom of each of you so I hope this is not a dumb question. If I want to ER in next 5 to 7 years and live off (a portion) on dividends then is it wise to not invest in dividend paying ETF/mutual funds now but convert investments into dividend paying...

Hey folks, Not trying to start a brawl here but I am a greedy investor. No appologies...;) So here is a question: If you didn't care about $10K (willing to take the risk of turning into pennies) and put it in CVX and ride it out for 20 years, would you be proud of your decision in 2040? If it...

Hi all, Looking for some recommendations on Vanguard dividend mutual funds. I can only invest in MF and not ETF or stocks. Currently 45 and aspire to retire in 5 to 7 years. Thinking if DW works on my retirement then we'd like to have another 18k-20K in dividend income. I currently have 200K...

I am looking for specific Mutual funds and ETF recommendation on what to buy and why -for 300K that I have in my pocket now and need to put to work. I am not going to need this money for another 15 years, so should I be much worried about the upcoming recession (if there is something like...

Hello everyone, We have about 200K in inheritance coming our way (after taxes and expenses). The unstoppable market run scares me a bit. However, we do not anticipate needing this money for another 7 to 8 years and are interested in some moderate growth funds with some appreciation. In today...

Hello Everyone, I am going to start by saying that I understand that everyone's risk profile and risk appetite is different. However, I wanted to get a general opinion on how this esteemed group will handle the following situation: Age 45, Wife 44. Will like to retire in between 50 & 53. We...

Very Helpful Joeea. Personal experiences and stories are always of great help! So, thanks again.

Hi everyone, I have the same age old problem.... We have an incoming inheritance and after taxes, fees and everything we will have 200K in hand. Question is Invest a 200K in market today or pay off mortgage that has 3% interest rate. The mortgage is 15 years term with 10 years left on it and...

Hi everyone, I have the same age old problem.... We have an incoming inheritance and after taxes, fees and everything we will have 200K in hand. Question is Invest a 200K in market today or pay off mortgage that has 3% interest rate. The mortgage is 15 years term with 10 years left on it and...

Thanks for all the wonderful thoughts and idea. Our annual expenes budget is about 80K including healthcare. Here is what were thinking: - We wouldn't have too much Capital gains on the sale of the house and will need to downsize when kids are out of house. Our current rental house is where we...

I am planning for a ER in early fifties. I am 42 and wife is 41. If you had following pots of saving on the day of ER (say at age 55); then how would your stack up your withdrawals. 457B (NDQC) – 400K- No withdrawal restrictions Cash from the sale of house (will move to our rental house...

I am still trying to find a lump sum retirement number from my HR (without giving them any hints that I dream ER @ 55). Here is my story: 42 years old and plan to retire at 55. Questions (primarily for planning purpose): When I retire at 55 and if my employer offers me a lumpsum of 500K (it...

That 100K includes cost of healthcare (budgetting about 15K/year) till we hit Medicare age.

The 2.5% WR makes sense to me. I have always been bullish on dividend paying stocks and have acquired Dividend stocks and will continue to do so. To that effect does the WR really matter if I plan to get major chunk of the post ER needs via well diversified dividend pay outs. Obviously; dividend...

Hi all, :greetings10::greetings10::greetings10: I am a big fan of this forum and have started “dreaming” of a ER lately. I am 42 and wife is 41 and want to ER in 13 years. Firecalc, vanguard and Fidelity retirement calculators all think we are on the right track. Current family income 200K...

Can someone help me rationalize which one should I contribute to? Employers Roth 401K or employers 401K plan? The match is same on both. Current age early 40’s and want to retire mid 50’s (or early if possible). Thanks!

Good point about taxes. I should have mentioned that most probably we'll be in 15% bracket and 60K/year spending includes taxes as well as Healthcare. Upper Midwest is cheap living and we are fairly frugal individuals (1 car, don't eat out much etc) As for the 8% ROI; I feel that is doable in...

Hi, First thanks to all who tirelessly provide their advice to guys like me that dream ER. One day I would LOVE to "payback" and do the same with all the wisdom I intend to soak-up from this forum. :dance: My situation: 2 Working professionals- both 40 year old with 2 kids (9,7) 400K in...