Hi All,
Turning 36 this month, lovely wife of 44 and no kids. I've been a decent saver since my 20's. Recently got propelled into a well compensated (but unsteady) position with a startup. For the first time in my life retirement seems within my calculators grasp.
House worth about $280k, owe $180k, 12 years left at 2 7/8 % (I'll never pre-pay at that rate)
Savings, $425k, mostly in 401k.
I have never had credit card debt, only ever made payments on a vehicle 1 year of my life. I save first then buy, unless there is a 0% finance deal, then I have a debate with my intellect.
My wife and I work from home, have an LLC S-corp that we bill our time through. With my new gig that started this year, together we will pull in $250k in revenue give or take 30k, then play tax games to recognize as little as possible of it. 25% of total salary 401k match, 100% health care reimbursement, education reimbursement, etc. About 200k of the revenue is from my hours.
So far this year, we have been putting more than 10k a month into savings through one account or another. 11k really. I have never been more worried about money in my life now that I have so much and and losing the high income stream could so severely affect my future. It's literally distracting me from work. I started working in the late 90's and literally during each of the financial disasters, while everyone got broke, my salary doubled over night because of hard work, willingness to relocate, and some luck. Although I'm a bright dude, it's starting to feel like I have a good run on the casino (my job, no the market), but can't win forever.
One day I run the retirement numbers and I can drop the full time work in a year or two and live a modest life working just some part time gigs while my nest egg compounds. The next day I run the numbers and I need to work 20 more years because I want to be "comfortable". For the record, I'm not a schizo, I just play one during retirement planning. Or wait, maybe I am a schizo.
FWIW - I'm invested 100% in vanguard stock indexes evenly split among these 5. I'm quite confident Bond is a four-letter word.
VIG - US Large Div Increasers
VOE -US Mid Val
VBR - US Small Val
VEU - Ex US Large (includes emerging)
VSS - Ex us Small (includes emerging)
And about 10K in VWO (Emerging only) to pump up that exposure some.
Also, I've read WAY to much about markets and planning, and I've come to the conclusion that past performance does in fact predict future results (over reasonable time frames). How else to explain everyone repeating that tag line, then acting and investing directly based on the past performance of asset classes. Everyone trying to prove new algorithms and "this time it's different" arguments are, in fact, delusional and only half as bright as they think they are. Well, possibly less.
And you may find yourself in another part of the world
And you may find yourself behind the wheel of a large automobile
And you may find yourself in a beautiful house with a beautiful wife
And you may ask yourself, "Well, how did I get here?"
Turning 36 this month, lovely wife of 44 and no kids. I've been a decent saver since my 20's. Recently got propelled into a well compensated (but unsteady) position with a startup. For the first time in my life retirement seems within my calculators grasp.
House worth about $280k, owe $180k, 12 years left at 2 7/8 % (I'll never pre-pay at that rate)
Savings, $425k, mostly in 401k.
I have never had credit card debt, only ever made payments on a vehicle 1 year of my life. I save first then buy, unless there is a 0% finance deal, then I have a debate with my intellect.
My wife and I work from home, have an LLC S-corp that we bill our time through. With my new gig that started this year, together we will pull in $250k in revenue give or take 30k, then play tax games to recognize as little as possible of it. 25% of total salary 401k match, 100% health care reimbursement, education reimbursement, etc. About 200k of the revenue is from my hours.
So far this year, we have been putting more than 10k a month into savings through one account or another. 11k really. I have never been more worried about money in my life now that I have so much and and losing the high income stream could so severely affect my future. It's literally distracting me from work. I started working in the late 90's and literally during each of the financial disasters, while everyone got broke, my salary doubled over night because of hard work, willingness to relocate, and some luck. Although I'm a bright dude, it's starting to feel like I have a good run on the casino (my job, no the market), but can't win forever.
One day I run the retirement numbers and I can drop the full time work in a year or two and live a modest life working just some part time gigs while my nest egg compounds. The next day I run the numbers and I need to work 20 more years because I want to be "comfortable". For the record, I'm not a schizo, I just play one during retirement planning. Or wait, maybe I am a schizo.
FWIW - I'm invested 100% in vanguard stock indexes evenly split among these 5. I'm quite confident Bond is a four-letter word.
VIG - US Large Div Increasers
VOE -US Mid Val
VBR - US Small Val
VEU - Ex US Large (includes emerging)
VSS - Ex us Small (includes emerging)
And about 10K in VWO (Emerging only) to pump up that exposure some.
Also, I've read WAY to much about markets and planning, and I've come to the conclusion that past performance does in fact predict future results (over reasonable time frames). How else to explain everyone repeating that tag line, then acting and investing directly based on the past performance of asset classes. Everyone trying to prove new algorithms and "this time it's different" arguments are, in fact, delusional and only half as bright as they think they are. Well, possibly less.
And you may find yourself in another part of the world
And you may find yourself behind the wheel of a large automobile
And you may find yourself in a beautiful house with a beautiful wife
And you may ask yourself, "Well, how did I get here?"
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