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re: How much will I need for retirement?
Posted on 3/4/25 at 2:32 pm to AncientTiger
Posted on 3/4/25 at 2:32 pm to AncientTiger
Just glad to see AT back!
1
Posted on 3/4/25 at 2:34 pm to AncientTiger
Buy workhorse and go play golf fella
Posted on 3/4/25 at 2:41 pm to Rize
quote:
My fire number is 6 to 10 mil
I plan on cutting loose with a helluva lot less than that. I’m thinking $2.5M at 60 with no debt is time to start thinking about it.
Posted on 3/4/25 at 2:45 pm to SwampMonster
quote:
Teach the boys to be men who protect and provide and the girls to be women who nurture and love. That will be their inheritance.
Uhh
I’m sure this sounded great in your head but there’s no economic future for the kids in their 20s now unless you as a parent happen to be well connected. Good white collar jobs are lost to h1bs and even good blue collar jobs like plumbing and hvac are moving to a private equity owned corporate model
I guess if you have a son that has growth plates that haven’t closed the best thing you could do would be to give him hgh so he grows tall so he has a chance at marrying a rich girl
Posted on 3/4/25 at 6:13 pm to AncientTiger
quote:
How much will I need for retirement?
Whatever you feel comfortable with, plus 25%.
If you know what I mean
Posted on 3/5/25 at 8:56 am to RoyalWe
quote:
I use Jason Kelly's Income Sig plan. It's a very aggressive Income system and not for everyone.
You're talking about an accumulation plan. The risk-based guardrails that I'm referring to is a decumulation plan. When you've made your mountain of money and are ready to retire, you need a plan to efficiently spend the money. That's what I was talking about - a strategy to spend as much as I can, based on market conditions and still hit legacy and tax goals. It's an art. I have grown to see the wisdom in studying this because I want to retire as soon as possible, but still use my portfolio efficiently. The safe withdrawal rate plans tend to be so conservative that they leave a mountain of cash unspent.
That said, I'm going to read about the Income plan you suggest. I'm always open to learning new ideas about investing.
Posted on 3/5/25 at 9:01 am to AncientTiger
quote:
As I stated this post is asked on the regular.Trying to be helpful.
we don't need your help. This has been addressed ad infinitum. and there are many ways and answers. not just one.
Posted on 3/5/25 at 9:16 am to AncientTiger
Go live on the discord channel and let's discuss ZOM going OTC for old times sake.
Posted on 3/5/25 at 9:57 am to I Love Bama
I absolutely have set my kiddos up .. lots of love, good foundation in of the important things, good educations.
It’s not my job or desire to leave them money. It’s my desire to have enough money so that they never feel that they need to consider helping us. It’s my desire to have enough money to pay for everything we need — living expenses, medical expenses, care expense, etc and not be a burden to them.
Maybe we’ll have money left and that’s great that will go to them. But it’s not my goal.
It’s not my job or desire to leave them money. It’s my desire to have enough money so that they never feel that they need to consider helping us. It’s my desire to have enough money to pay for everything we need — living expenses, medical expenses, care expense, etc and not be a burden to them.
Maybe we’ll have money left and that’s great that will go to them. But it’s not my goal.
Posted on 3/5/25 at 12:32 pm to FortunateSon
quote:No, I'm not. Jason Kelly's accumulation (growth) plans are 3Sig, 6Sig, and 9Sig. Income Sig is converting your wealth into income.
You're talking about an accumulation plan
To characterize how aggressive the Income Sig plan is, the conservative pay rate is 9% of assets initially invested. Income is highly sporadic due to a leveraged fund used to produce large skims. You have to have enough cash set aside to ride out a down market for 3 to 5 years depending on your risk tolerance.
You might find information on Income Sig outside of Jason's paywall, but what I normally see of those talking about his plans is incorrect or incomplete (leading people to erroneous conclusions about how it operates).
Posted on 3/5/25 at 6:45 pm to Drizzt
A bow to you good sir!
Exciting times ahead for traders.
For investors, be careful. I remember the crash of 1987, several in the 90's, early 00's & 2008. We have global turmoil today which many of you have never experienced. A wise investor once told me, I would rather have my money buried in my backyard than the market. ( 2008 ).
GL - protect yourself until things cool down.
Exciting times ahead for traders.
For investors, be careful. I remember the crash of 1987, several in the 90's, early 00's & 2008. We have global turmoil today which many of you have never experienced. A wise investor once told me, I would rather have my money buried in my backyard than the market. ( 2008 ).
GL - protect yourself until things cool down.
Posted on 3/5/25 at 11:34 pm to tiger91
I’m trying to run up the fricking score for my future generations.
Posted on 3/6/25 at 7:58 am to AncientTiger
Too many unknowns or what ifs for those of us on a chat board to give you an answer specific to your lifestyle.
There are numerous software programs out there that allow you to input things like existing savings.. daily required cost, non required cost for enjoying life.. expected inflation etc.. then stuff like your assets … invest growth will meet industry average.. be above .. be below.. and then run a bunch of Monte Carlo simulations..
you can play with the parameters to see the impact of different things..it will project out to your input of life expectancy and show a breakout of money depleted and money growth.
I have done stuff in fidelity and they have an entire planning set of tools..
Other companies offer the same and I am sure there are some freeware out there.. the fidelity stuff is pretty good .. they also have seminars ( online).
There are numerous software programs out there that allow you to input things like existing savings.. daily required cost, non required cost for enjoying life.. expected inflation etc.. then stuff like your assets … invest growth will meet industry average.. be above .. be below.. and then run a bunch of Monte Carlo simulations..
you can play with the parameters to see the impact of different things..it will project out to your input of life expectancy and show a breakout of money depleted and money growth.
I have done stuff in fidelity and they have an entire planning set of tools..
Other companies offer the same and I am sure there are some freeware out there.. the fidelity stuff is pretty good .. they also have seminars ( online).
Posted on 3/6/25 at 10:27 pm to AncientTiger
I suspect the answer is always going to be “it depends”
What do you want to do?
I’m perfectly fine with golf and grandkids. Moved so both are close by. A mil is plenty.
If I wanted to travel a lot, beach house plus one in the mountains….lots more.
What do you want to do?
I’m perfectly fine with golf and grandkids. Moved so both are close by. A mil is plenty.
If I wanted to travel a lot, beach house plus one in the mountains….lots more.
Posted on 3/7/25 at 2:54 am to AncientTiger
I just need HMBL to get to 10 cents, then I’m retiring
Posted on 3/7/25 at 10:17 am to llfshoals
quote:
suspect the answer is always going to be “it depends”
We’ve been running projections for 20 years now and the reality is there are so many variables that unless you have enough to retire right now and are working for fun, the answer is usually “I’ll see where I’m at when I get closer”. All you can do is plow as much as you can into investments to try and get to that point ASAP.
This post was edited on 3/7/25 at 10:18 am
Posted on 3/7/25 at 1:50 pm to AncientTiger
quote:
I am a voracious reader.
If you were a voracious reader you would understand that the "4% Rule" isn't really a rule and never was meant to be. It was a case study done by Bill Bengen to determine what the safe withdrawal rate would be based on existing data at that time. It really didn't get much traction until the Trinity Study published 1998. That was almost 30 years ago. Since then there has been a lot written about the "4% Rule" and why it may not be a good idea to implement it when it comes retirement income planning.
Posted on 3/8/25 at 6:59 pm to La Place Mike
is there a monte carlo simulator or template out there ?
Posted on 3/8/25 at 8:07 pm to 3D
Posted on 3/9/25 at 2:10 pm to La Place Mike
quote:
Since then there has been a lot written about the "4% Rule" and why it may not be a good idea to implement it when it comes retirement income planning.
So what is the better idea? Plan to be able to spend less than 4%, or more??
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