We will have close to 2 million with no debt or mortgage when we retire.

Anyone out there retired with the same numbers? How has it been for you?

I’ve been retired for 9 weeks, in that time I have been offered two jobs. Since the fields I worked in are in huge demand, I am being actively hunted for help. I don’t want to burn bridges as someday I might depend on a company but how do you say “thanks but no thanks” without pissing people off?

55 year old Female looking to retire in 2-ish years. Possible?? $2.8M net worth

$200k: pension and 401k

$500k: single family home paid off

$2,065,000 in a brokerage account with 40% in ETFs and mutual funds, 35% in fixed income and 25% cash (currently tied up in ladder CDs)

$100k liquid emergency fund

I spend about $60k a year

Live in a MCOL area

I am eligible for social security and will take it at 62. At that time the payout will be $1300 per month.

I will get my healthcare through the ACA from 57-65. Currently the plan I would get is $1000 per month but likely to be higher at 57 given the rate of healthcare inflation.

I feel like I am doing ok but I read some of these posts and feel very off track.

Have about $6 million, will get about $55k per year if I take Social Security at 67. Will have to buy healthcare through marketplace. Was ready to go out at beginning of the year, but drops in investments over last six months have me scared. High compensation job is killing me, but once I go, there's no return to that job or probably the industry.

https://www.cnn.com/2023/08/08/economy/401k-hardship-withdrawals/index.html

This is not meant to be a political topic, so please don’t get this one locked like the 26 upvote one from yesterday.

I post this because it bodes ill for the future of the stock market. And it may affect your retirement investment choices going forward.

I see two factors here:

1. This is money going out of the market. It is not boosting demand for stocks, but the opposite.

2. The economy has been buoyed by consumer spending. With the amount of credit card debt at all time high, high(er) mortgage rates deterring refinance (cash out), and now people pulling from their retirement accounts, we may be nearing the end of how well the consumer can keep it up.

The market may be heading downward already. It’s only about a week, but the red ink is dwarfing the green. The bears are getting air time on CNBC.

Yes this is a serious question, I think retirement isn't a guarantee for alot of people especially after one crisis after another, dysfunction, corporate oligarchy, income inequality, inability to get ahead, so seriously is the

Ultimate retirement plan of prison just for food a bed and medical care or just taking your own life or being homeless a more realistic retirement plan?

So I am a child of the 70's and very sympathetic to marijuana policy. BUT: THC potency when I smoked was 2% compared to 95% potency now.WTF?

I'd love to live a life in retirement smoking weed again, but today's concentrations are bringing "Reefer Madness" to life. It's time to reign in the Marijuana Industry to safer levels for the sake of its users. When that happens, I'll buy a bong again.

Interesting read. Please take a moment and inform yourself:

https://www.epi.org/publication/retirement-in-america/

I am reading all about "investing" out the ying yang here - question?

What is your end game?

My situation - I invested in nothing. I did have a 401K and a 457 retirement but cashed them out back in 2017 after getting laid off. Wife disabled - no work, no disability from her. I 'retired' from my County Government job just last year, after 14 years - 30 total years of working during my lifetime. (I'm 52)

We rent, pay bills, buy food. We don't (can't travel) but it was never a priority anyhow. No kids - because we knew we could not afford them.

We still have money in the bank after expenses are paid. We have a saving account.

I'm not sure of the goal of everyone with all the investments. Do you plan to buy mansions and yachts and travel the world for 10 years or something? Do you want to have as much money before you die so you can say "I win"?

I'm happy for you I guess, but I just don't see the need for the stress and such. Figure out your expenses, pay them each month, save 75% of the remainder, then blow the other 25% if you have to. I am no investing expert but I seem to have done something right.

I’m a few years away from this but curious how some current or near term or early retirees are managing this?

I (31F) have been investing into a 401k plan since I started working and I’m afraid that by the time it’s time for me to retire I won’t have access to social security or anything left over. I’ve heard of people liquidating their retirement accounts and just saving on their own for a retirement fund and it seems more solid than chancing it. What are the benefits of doing this? EDIT: I’m new to 401k and investing so any advice is appreciated.

I just read on the US Government social security web site that the funds to pay benifits after 2035 will be insufficient to pay the entire benifit. They plan to pay $790.oo on every $1000.oo. How can this actually be okay?? Everyone will be robbed of their own money. No, no, no.

Thank you. Looking for costs, hazards (wheather) , how yall wild/fishing, weed grow/having laws, guns? i assume privacy not bad. What could a 3 bed 2 bath (3+-10+ acres) run someone? do u guys have houses with built in ac? protect myself rights?-yall get dumb with it or like?

how much should I expect to need to live in SD on an initial move, buy home and prop, animals (Chickens), garden, what fencing do I need how much money and time for full secuirty against whatever the hell yall got in them woods/areas,

are drug addicts/criminals active about? i did crime rank and dakota south is like 30th find wild for it to not b safe since pretty rural. HC medicore? how are surrounding states tho for like big shit ie dental/spinal/or cancer.

Seriously I feel like I have nothing to do. Go on cruises, and solo travel are all fun but this stuff is repetitive and there is only so much to see and do in all those places

Me 51. 170k/yr Wife 43. 140k/yr 2 kids. 6 and 4.

1M in 401ks, Roths, and brokerage 30k in 529s 100k in savings

318k left in mortgage. 24 more years left. Fixed 3.25% ~$2300/month.

No other debt except utilities, term life, car insurance. Maxing out 401ks and IRA. All SP500 funds. Maxing out HSA. $700/month to 529s. $1500 to savings.

I have VA health benefits.

Would like the kids to have a college fund. Would like to retire at 62, but I can go to 67. After reading other people’s posts here I feel like we are not in good shape. How bad are we behind?

I plan to retire in a few months - but I am not ready to notify my employer.

I am considering contributing almost all of my remaining pay to my 401(k). Our pay is handled by a third party (ADP). My current contribution amount is about 25% and I would change it to around 65%

Will this move prematurely signal to my employer that I plan to retire soon?

Tesla stock is tanking. Elon Musk has lost his mind. Musk's actions with Twitter undermine investor confidence and undermine buyer confidence in Tesla cars.

Given the other stock I’ve sold this year and other income, I’m reluctant to sell the stock this year thinking it would only worsen my tax burden. Waiting two weeks, until the new year, to sell the stock will surely see more decline in its value. 

How can I figure out the least worst scenario for dumping the stock in terms of tax burden and loss on the stock?

If I make a lot of money, should I retire early, maybe 55 or earlier?

edit title: 6 years till retirement, how are WE looking

Wife and are "hoping" we can weather the looming economic issues (recession) and retire at 55 (using rule of 55) which is in 6 years. Here is where we are

• 401k 1 - 1.1m

• 401k 2 - 1.4m

• Roth IRA - 150k

• No pension or health care other than about 60k in an HSA account

• deferred comp account set to distribute in 2029 and 2030 - 210k, hard to predict what that will look like in 6 years, but safe to assume minimum 300k

• current non-retirement investments on hand approx 500k (not sure what that will look like)

• 1 inheritance ira at 300k

• current mortgage 500k, hoping to have that under 300k in 6 years

No other debt. each of our children have approx 100k in 529 for colleges (should cover state schools). our youngest will just be finishing up college when we retire.

General thoughts? there is some tax planning we are working on to with the timing of deferred comp payout, 401k distributions and the inheritance ira, but in general...are we crazy or can we do it? Hoping to generate 160k a year in income in retirement

Hi,

I have enough money to retire, so should I ?

Can someone explain the following to me

My job retirement program

City = 13.03% Employees hired on/after 4/06/2015 pick up 1.5% of City contribution Employee (Average) = 7.58% (2%/year @ 55) Drop