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Perhaps this has been asked before, but is there a "how to get started in preferred stocks" thread? I've looked at outside sources but only get generalities.

That's a key point - just set the mistakes aside and keep moving in the right direction. It wasn't perfect, I didn't secure that last .25% etc., but we have enough to not w*rk any more

Yes - although I post sparingly, I read here often, especially when I'm nervous about the market. It's a good group of people for sure.

Well Class of 2024 it is! Started here 8 years ago when my older brother was laid off at 64 and we had some questions. Then my sister was laid off at 64, and then my other sister was laid off at 64 and I said "I'd better have a plan." So, knowing nothing about anything financial, and being in...

Casual readers should note that OP will be using the money 12 years from now. You could do 20% in stable value and put 80% in a balanced fund - it seems you also have a risk of 12 years of inflation so you might want some growth over the next 12 years. FWIW, I'm doing the same thing as you...

Thanks - I've already done that math really just looking at the asset allocation timing change issue

Great thread. I do like my material things, like a fine watch or a well-balanced fly fishing combo. But yeah, put me on a trout stream with any old fly rod and a decent cigar and I'm good. I do own a blindingly expensive stereo that I enjoy greatly...

Thanks - the 20/80 or 0/100 would be temporary and I would reassess after a few years and likely go to 40/60 or thereabouts.

Wanted to share my somewhat unique situation with regard to my asset allocation. It feels like lifestyle planning to me but also seems like I'm timing the market. To simplify things, I'll use some generalities. I'm in my mid-50s. Current 401k asset allocation (index funds) is 82% stocks, 18%...

Thanks for writing this: I really appreciate these thoughts and others by the other folks.

I just thought you all might find it funny that I've avoided looking at this thread for 3 years because I thought people were bragging about how much money they were making...

Thanks so much I haven't been without a job for more than a day in many decades, so I appreciate the tips and the positive spin because I'm absolutely not in that space right now.

Wow, well thanks everyone. To just kind of jump around, I'll provide the following: I'm willing and ready to do something else. I'm not worried about a cut in pay I'm really just worried about getting hired at all at my age. I'm over 55 so no penalty on a 401k withdrawal but I think the...

When I retire - or am laid off... - the two things I'm most looking forward to are getting healthier and reading. There is so much to read, I love to read, but my tired eyes can't do any pleasure reading after 8 hours on a work computer. I can't wait to be able to read my books again. First...

"Don't panic" is a very good tip - Thanks! (Not sure what other data to give ) I did just find out that I can access my 401k without penalty as I'm over 55, so that's helpful. Thought I had to wait until 59.5

No notification of layoff but that's what another person received who worked on a similarly dead-end program. Basically, I'm in expert in a thing that isn't relevant any more. Hmmm, I thought ditching the car would be a no-brainer I will think that one over

I was a big fan of Baa Baa Black Sheep - one of the coolest guys

Just fishing for whatever tips you all might have, especially from those who have been laid off unexpectedly. Company is under new ownership and I'm VERY worried that I'll be targeted for a layoff and I'm maybe 3 years short of FI. Middle management type. Mid-50s, no kids at home. I expect a...

Eh - 19 cents is too low and was eaten up by inflation

^ Ah, okay it's after-tax dollars that are being used. It can sound like a magic no-tax situation to the uninitiated

thanks all With regard to backdoor Roth IRA - I expect to go part time in 3 years, is it better to wait until then to do a backdoor Roth (I'm assuming that's a taxable event, and I'll be in a lower bracket then)? I am (just) under the mAGI limit

It's a popular destination for Canadians, Hoosiers, and Ohioans Traverse City has so many festivals that a resident rented the city's festival site in order to have a "no festival" day of peace and quiet It will be packed on the 4th but it's quite beautiful

My wife and I are maxing out our 401k/403b contributions at work and have some funds available to invest outside of those. Currently only a small percentage of our 401/403 (15%) is in a Roth 401k. So, can we each open a Roth IRA and contribute to that? I am a bit confused as to whether the...

OP here Thanks to all who replied - the old Sergeant is tired, frankly, but ready for another assignment, but we'll see what happens. Maybe I'll be doing dishes like in basic training again!

Yes, it's clearly a joke.