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Old 06-02-2016, 05:26 PM
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Default Retiring early

http://freedomwithbruno.com/financial-independence/

How close are you from retiring?

I'm about 10 years.
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Last edited by tripods68; 06-02-2016 at 05:58 PM.
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Old 06-02-2016, 05:57 PM
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9 years if all goes as planned. 5-6 years if I save like crazy.
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Old 06-02-2016, 06:37 PM
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Are we talking about the 4% rule?

I'm not sure if retiring early is our goal anymore. Using the 4% rule, we can retire today. Sell everything we have and rent a house.

But we are given an opportunity to build a legacy for our family so maybe that'll be our goal instead. Have enough of a nest egg that will last through generations.
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Old 06-02-2016, 07:16 PM
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My hope all along has been 62 which is just over 10 years. I'm in the process of a possible job change which may accelerate that if I really dive into the new position full force. Even if I only do it part time, it will still speed up debt repayment and boost savings which can knock a couple of years off the career.

Of course, the other advantage of the new job is it can easily be done on a part time basis so it's something I can continue to do on a limited basis even after I "retire" from full time work. I can see myself working a day or two a week even in "retirement".
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Old 06-02-2016, 08:09 PM
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If I had not stayed at home to raise kids, I would be looking at 12.5 years. However, if I really want the full retirement benefit now, I am looking at a full 20 years.

DH is looking at about 20 years as well.

We will not be retiring early.

Now, COULD we manage by retiring in 12-13 years? Yup, we could. But we have done the math and will be much better off if we wait.

So far we are healthy and willing and enjoy our work.
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Old 06-02-2016, 08:10 PM
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Quote:
Originally Posted by disneysteve View Post
My hope all along has been 62 which is just over 10 years. I'm in the process of a possible job change which may accelerate that if I really dive into the new position full force. Even if I only do it part time, it will still speed up debt repayment and boost savings which can knock a couple of years off the career.

Of course, the other advantage of the new job is it can easily be done on a part time basis so it's something I can continue to do on a limited basis even after I "retire" from full time work. I can see myself working a day or two a week even in "retirement".
My dad is 82 and "retired" but still does a lot of consulting.
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Old 06-02-2016, 09:54 PM
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Quote:
Originally Posted by Sam22 View Post
Wow...I still have another 20 years to go, but if I could get an early one if I win the lottery
If you want your daughter murdered and granddaughter wrapped in a tarpaulin and dumped behind a junked van.
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Old 06-03-2016, 06:11 AM
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Quote:
Originally Posted by tripods68 View Post
How close are you from retiring?
Becoming a part-timer this summer. Have enough saved to fully retire, but want to ease into it.
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Old 06-03-2016, 06:24 AM
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Quote:
Originally Posted by Nutria View Post
If you want your daughter murdered and granddaughter wrapped in a tarpaulin and dumped behind a junked van.
What the hell?
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Old 06-03-2016, 06:43 AM
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I think about exiting the work force a lot. But, the question always seems so much more complicated than, "How much longer do I have to keep doing the exact same thing before I don't have to do anything at all?" If that were the question, I think the answer would be "less than 15 years." But, I think the reality is that either my husband or I is going to start working less and parenting more sometime before that and that one or both will still be working well after that.
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Old 06-03-2016, 07:26 AM
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Originally Posted by Joan.of.the.Arch View Post
What the hell?
https://en.wikipedia.org/wiki/Jack_W...ottery_winner)

His granddaughter was murdered in 2004, and daughter in 2009.
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Old 06-04-2016, 09:36 AM
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I have no plans to retire. As long as I can take time off here and there I plan to work for the long haul. Part time status in senior years sounds good to me.
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Old 06-04-2016, 11:10 AM
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im in my 7th year if retirement and havn't been bored one second of it.

no pension, social security, nobody owes me anything. i don't depleat
savings for living expense and my investments grow without adding to them
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Old 06-04-2016, 11:33 AM
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Quote:
Originally Posted by 97guns View Post
im in my 7th year if retirement and havn't been bored one second of it.

no pension, social security, nobody owes me anything. i don't depleat
savings for living expense and my investments grow without adding to them

I figured our retirement income needs to between $50-$60K a year. About $30K of it will be servicing our core expenses (food, utilities, taxes, etc) assuming mortgage fully paid.

How much do you know need to live on a year without drawing any of your investment?
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Old 06-04-2016, 02:02 PM
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Quote:
Originally Posted by 97guns View Post
im in my 7th year if retirement and havn't been bored one second of it.

no pension, social security, nobody owes me anything. i don't depleat
savings for living expense and my investments grow without adding to them
The way I understand hard assets like gold is that it doesn't generate anything unless you sell some of it. Currently, gold is kind of low compared to the time you retired, what's your strategy?

I'm into my 2nd year of retirement. Loved it at first as we were able to take vacations unrestricted by my work schedule; but the one thing I had really wanted to do, I couldn't. If the economy is going to tank soon, maybe it is best to go back to work; we built most of our wealth during past downturns.
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Old 06-04-2016, 02:28 PM
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Quote:
Originally Posted by sv2007 View Post
The way I understand hard assets like gold is that it doesn't generate anything unless you sell some of it. Currently, gold is kind of low compared to the time you retired, what's your strategy?
I believe the answer is income from rental properties.
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Old 06-04-2016, 04:45 PM
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As as been mentioned before, the word "retirement" is about as ambiguous a term as "the stock market."

Retirement for me came three years ago at age 46. I have two businesses that I spend a few hours a week on, plus 4 vacation home rentals.

Real estate investments rents/yields from land, houses, commercial, retail, etc., generally are a multiple of what you can achieve with bonds and CDs.

If you aren't yielding 8-10 percent annual with real estate, something is way out of whack.

Hard assets and natural resources should certainly be a part of everyone's portfolio. Coal, agri, gold, silver, and oil are all good places to start. The long term horizon on all natural resources is definitely UP, simply because the world population is exploding and there is more and more demand (long term) on fewer resources.

Another staple is Phillip Morris. Have you looked at a 30 year chart of PM lately? People are going to keep smoking. That one is a no-brainer. It pays a 4% dividend at the current price.

Lots of options out there for GOOD, SUSTAINABLE income.
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Old 06-04-2016, 05:37 PM
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Quote:
Originally Posted by TexasHusker View Post
Another staple is Phillip Morris. Have you looked at a 30 year chart of PM lately? People are going to keep smoking.
Sad but true. The smoking rate has dropped significantly in the US but it's been matched and exceeded by smoking in other countries. The rate in China is downright terrifying.
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* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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Old 06-04-2016, 08:05 PM
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Quote:
Originally Posted by disneysteve View Post
Sad but true. The smoking rate has dropped significantly in the US but it's been matched and exceeded by smoking in other countries. The rate in China is downright terrifying.
It's a sinister plot by the Illuminati for destroying the US economy...
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Old 06-04-2016, 10:51 PM
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Quote:
Originally Posted by Nutria View Post
It's a sinister plot by the Illuminati for destroying the US economy...
Smoking isn't all that bad, it gives some poeple a cheap and legal way of relaxing and pass their time. If this forums shuts down, we should all go buy MO (philip moris US operation) because all that free time needs to be wasted some how.
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