livingfree
Confused about dryer sheets
- Joined
- Dec 30, 2010
- Messages
- 3
Hi all,
First off, great website with tons of great info and stories.
Wanted to share some quick notes. I will plan on retiring in 2011 before my 45th birthday. My definition of retiring is leaving the corporate structure type of employment, but certainly not rocking chair time. I'm going through so many emotions as I'm sure all do. Exciting times
I should have about 1.3 million in traditional IRA, 600K in non-retirement assets, and 80K in Roth
No wife, no dependents, and going to be living in SE Asia. Education and travel will definitely be part of plan. The rest, time will tell.
I will plan on taking SEPP distributions from my traditional IRA, life expectancy method, and plan on submitting request with my IRA custodian on @ 6Jan2012, to get full benefit of IRA balance on 31Dec2011. I'm very interested in corresponding with anyone in my similar situation who is or will take advantage of SEPP/72T from IRA
I could keep working, socking away 100K or so each year in additional savings, but it is the age old question of TIME-versus-Money? Everyone must determine what works best for them. Sometimes I wish there was a user guide to make these tough decisions, but then it would not be as exciting either.
*Side note, not having much luck in getting family,friends,co-workers to understand what I'm getting ready to begin. Hoping I can develop discussions with ambitious ER experts on this board to improve my experience.
Regards to all
First off, great website with tons of great info and stories.
Wanted to share some quick notes. I will plan on retiring in 2011 before my 45th birthday. My definition of retiring is leaving the corporate structure type of employment, but certainly not rocking chair time. I'm going through so many emotions as I'm sure all do. Exciting times
I should have about 1.3 million in traditional IRA, 600K in non-retirement assets, and 80K in Roth
No wife, no dependents, and going to be living in SE Asia. Education and travel will definitely be part of plan. The rest, time will tell.
I will plan on taking SEPP distributions from my traditional IRA, life expectancy method, and plan on submitting request with my IRA custodian on @ 6Jan2012, to get full benefit of IRA balance on 31Dec2011. I'm very interested in corresponding with anyone in my similar situation who is or will take advantage of SEPP/72T from IRA
I could keep working, socking away 100K or so each year in additional savings, but it is the age old question of TIME-versus-Money? Everyone must determine what works best for them. Sometimes I wish there was a user guide to make these tough decisions, but then it would not be as exciting either.
*Side note, not having much luck in getting family,friends,co-workers to understand what I'm getting ready to begin. Hoping I can develop discussions with ambitious ER experts on this board to improve my experience.
Regards to all