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re: Retirement discussion that I never thought I’d have.
Posted on 6/22/26 at 1:36 pm to Everyday Is Saturday
Posted on 6/22/26 at 1:36 pm to Everyday Is Saturday
quote:
Exactly how we planned it!
Nest egg cash flow well covers essential expenses (including housing), in addition to having funds available to pay mortgage off (even though that is highly unlikely).
And, not or, you always have the option to pay it off at will (if ‘peace of mind’ value from being debt free ever shifts to become THE most important).
Suspect you and I are not on the Dave Ramsey Christmas card list (re use of cheap mortgage debt).
I went one step further. I took about 30% of my portfolio and built a TIPS ladder which will cover my basic/essential expenses until I start SS.
With that TIPS ladder, no matter what happens with the stock market my ability to retire is no longer in question. This is my solution to SORR. I still remember the crash of 2008 and that so many people had to delay their retirements for years. I'm at the finish line and don't want to fall victim to SORR.
Yeah Ramsey is good for people who can't live below their means and get out of debt. From an investing perspective, he's a hack.
1
Posted on 6/22/26 at 4:37 pm to cgrand
Why 3 million if you have a retirement, SS, and a 401k?
Posted on 6/22/26 at 4:41 pm to FMtTXtiger
quote:
when people give assumptions on what they can withdraw each year on 2 or 3 million, is taxes a factor in this if everything is in a traditional 401k?
are they considering the automatic 20% govt takes out on the withdrawal or assuming take out 100k and then just deal with taxes?
You can withdraw ~$100K of growth annually without paying a dime of taxes FWIW. And that's not accounting for the principle that is also tax free.
Posted on 6/22/26 at 4:44 pm to Everyday Is Saturday
quote:
Ari Taublieb (CFP, YouTuber) uses this term.
ie, Taxable account is path to early retirement (no age based withdrawal penalties, tax loss harvesting, etc).
I am encouraging my early adult kids to give their taxable accounts some focus in early working years, to build option of very / early retirement. An option they may or may not exercise but…
Root Financial puts out good content.
I'll fund tax advantaged accounts before brokerage but the taxable brokerage does provide for significant tax strategy flexibility. It is a 'super hero' to those that want to retire early...so adequately named in that regard.
Posted on 6/22/26 at 4:54 pm to lynxcat
quote:
You can withdraw ~$100K of growth annually without paying a dime of taxes FWIW
Explain please.
This post was edited on 6/22/26 at 4:55 pm
Posted on 6/22/26 at 5:16 pm to Swampcat
Because I’m not yet 60, I don’t have any retirement income, and I want to be able to spend 150-200k per year
Posted on 6/22/26 at 7:08 pm to Python
quote:
Explain please
Re: Long term capital gains in the federal tax tables and income thresholds…
If your AGI is $100k ish or less, then you pay 0% LT capital gains, if MFJ, for example.
Posted on 6/22/26 at 7:33 pm to Everyday Is Saturday
Sure, no long term capital gain, but withdraw from a non Roth retirement account and you’ll pay 20% taxes.
Posted on 6/22/26 at 7:39 pm to Python
quote:
quote:
You can withdraw ~$100K of growth annually without paying a dime of taxes FWIW
Explain please.
There are different ways to do it as MFJ. I've seen it discussed on Bogleheads before. Usually takes a combination of strategies.
This is a recent video talks about ways to do it:
https://www.youtube.com/watch?v=9qW6x5oePcc&
Posted on 6/22/26 at 8:23 pm to gpburdell
Thanks. That still involves Roth conversions, which can easily get you to no taxes. But I don’t consider that “pulling $100k and not paying any taxes”, as mentioned above. You did pay taxes, but you paid earlier at 12%.
Posted on 6/22/26 at 8:42 pm to Python
Thought you were talking taxable. I am missing your full context. Was going to mention rule of 55 (no penalties on tax deferred withdrawals), but sounds like you are looking for something else.
This post was edited on 6/22/26 at 8:46 pm
Posted on 6/22/26 at 11:14 pm to TorchtheFlyingTiger
Yea I can see that and a buddy is contemplating that approach. I just got back into market in the Trump tariff dip, then again bout a few batches during the Iran war dip. I know the financial advisors say you can’t time the market, but I like value buying when the K-Mart sales hit.
Posted on 6/23/26 at 6:02 am to gpburdell
To each his own, as i read these threads i cant help but think maybe I'm different in regards to spending money after retirement. I'm curious if anyone else feels the same. I'm 56 and about to pull the trigger, but i'm just looking forward to the freedom of doing what i want everyday instead of pulling the plow for someone else. The shiny things don't have the appeal anymore as I've owned the boats , trucks, and other toys that have lost there luster. I look at these expensive toys and only see the maintenance and upkeep that comes with them. Getting off that hamster wheel and enjoying the small things in life like spending time with grands; and working on my little projects in my workshop seem like heaven. I get the security aspect; but i also know I'm more than halfway to that hunting blind in the sky as well. 
This post was edited on 6/23/26 at 8:23 am
Posted on 6/23/26 at 8:36 am to Greenseed
quote:
i'm just looking forward to the freedom of doing what i want everyday instead of pulling the plow for someone else.
quote:
Getting off that hamster wheel and enjoying the small things in life like spending time with grands; and working on my little projects in my workshop seem like heaven.
This! Time > money (especially the silly season of life and its purchases). I suspect many read this to mean skimp on the money and retirement lifestyle. Nope. Just do not under value time in so doing. Ever!
Retired early this year.
I was told I should retire TO something. Maybe so. But so far, retiring FROM (your hamster wheel) has been nothing shy of glorious.
Similar age, typing from my porch swing, a cup of coffee in hand, and a day planned with my Dad and going to watch niece play her sport.
Next week may go hiking in another state Or may just watch season of Game of Thrones after cooking/dinner with wife.
Trying to break a couple of health & fitness personal bests this week (workouts). This is my new “KPI” (and closest I get to corporate BS).
Do it! Enjoy….especially them grands. Don’t have those yet. Hear that time of life is off the charts.
This post was edited on 6/23/26 at 8:46 am
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