How do you Plan to fund your FIRE and whats your age bracket for FIRE

[boarder42]

Wanted to see what the breakout was around here for primarily how people planned to achieve FIRE.

[tarheeldan]

Cool idea!

[boarder42]

thanks.. this has an underlying premise rooted in the invest vs payoff your mortgage debate but it is currently trending towards what i an many others in the invest camp assumed.  Most of the forum is a 4% SWR Equity Forum. 

[ulrichw]

Shouldn't there be some other options? e.g., what about people who have a primarily fixed-income-oriented portfolio that they're using to fund their retirement? What about people who plan to fund their retirement primarily through privately acquired annuities?

I'm planning on 3% SWR with a 3-fund portfolio (which will definitely be biased towards equities), so there was a category for me.

[boarder42]

Shouldn't there be some other options? e.g., what about people who have a primarily fixed-income-oriented portfolio that they're using to fund their retirement? What about people who plan to fund their retirement primarily through privately acquired annuities?

I'm planning on 3% SWR with a 3-fund portfolio (which will definitely be biased towards equities), so there was a category for me.

fixed income/pension are pretty similar.  privately acquired annutities are a terrbile choice for you money typically. but would be reflected in the pension category as well i would think

[WildJager]

Planning age 35 with 100% equity.  No paid off house, but we'll have enough in investments at that point to cover down a 3% WR and a fully paid off house.  However, when we do eventually settle down and buy a house we will be getting a mortgage so the investments can ride.  No real estate rentals planned.

[catccc]

Aiming for 40 with primarily equity investments.  I wish the age brackets were in 5 year increments on this.  I wish the age brackets were smaller on this, or they didn't overlap, I had a hard time choosing since 40 was technically in two choices.  I'm already 37 so 40 is only 3 years away, but there's no way I will be working as I do currently in my late 40s.  I think.

[matchewed]

Interesting, I'd say the age skewed older than it may have four years ago.

[Vindicated]

Interesting, I'd say the age skewed older than it may have four years ago.

I think there are a lot of us that are new to MMM, and are starting later in life.

I'd be interested to see the data on how the community has grown since it began.  I only just joined last November.

[ulrichw]

Shouldn't there be some other options? e.g., what about people who have a primarily fixed-income-oriented portfolio that they're using to fund their retirement? What about people who plan to fund their retirement primarily through privately acquired annuities?

fixed income/pension are pretty similar.  privately acquired annutities are a terrbile choice for you money typically. but would be reflected in the pension category as well i would think

Agree on the annuities, but disagree on fixed-income.

I think the distinction between a predominantly stock portfolio and a predominantly bond portfolio is significant, and neither compares to the "income stream" provided by a pension or an annuity.

i.e., I don't think you've provided an option for someone who intends to have a 30/70 (stock/bond) asset allocation in their retirement portfolio.

[boarder42]

Shouldn't there be some other options? e.g., what about people who have a primarily fixed-income-oriented portfolio that they're using to fund their retirement? What about people who plan to fund their retirement primarily through privately acquired annuities?

fixed income/pension are pretty similar.  privately acquired annutities are a terrbile choice for you money typically. but would be reflected in the pension category as well i would think

Agree on the annuities, but disagree on fixed-income.

I think the distinction between a predominantly stock portfolio and a predominantly bond portfolio is significant, and neither compares to the "income stream" provided by a pension or an annuity.

i.e., I don't think you've provided an option for someone who intends to have a 30/70 (stock/bond) asset allocation in their retirement portfolio.

Mainly bc this is a fire forum and you're working way too long to get to that allocation. I could add it if there were demand but that's basically fixed income.

[Zikoris]

I'll be 35 and he'll be 33 at retirement given our latest projections, funded by good old index funds. Low effort all the way.

[Rocket]

Just retired at 53.  The survey didn't let me choose 4% of equity investments, followed 12 years later by pension and social security.

[trashmanz]

Nothing for people in their 20s?  :P

[College Stash]

Goal 35-40 3.5% WD rate 90% or 100% equities/reits.

[the_fixer]

Where is the all of the above option :)

want to retire at 50 or 55

Will have 2 pensions
plan to withdraw 4% as needed off my investments
Will have rental income from primary residence while traveling and a rental duplex
Also have enough credits to get an estimated 2200 in social security

[FIT_Goat]

I am pretty mixed in the above.

I will have a pension, and I may even have two different pensions.  I also plan for withdraw at the 4% rate.  I'm starting later than most, at 36 years old, so I am looking at 50+ to retire.  I won't be able to touch the pension(s) that early.  So, I would like to have enough to withdraw at the 4% rate without depending on the pension. It might not be feasible.  I also might enjoy my current career, at that time, and work until I can retire at a normal age.  I am not opposed to working, I would just love to have the option to walk away from it, if it was necessary.

Last year (2015-2016), I had an absolutely awful year at work.  I came home every day unable to function from the stress.  I took everything personal home, and walked out every day leaving nothing important behind.  I, honestly, didn't know if I would come back the next day.  My wife was fully on board with me quitting.  We could make things work until I found another job.  It was horrible.  I ended up with shingles from the stress and gained like 30 pounds.  I would have quit, but we just couldn't do it.  We could have made it 3-5 months, if we cut back on everything, before real disaster with me out of work.  That time period wasn't long enough for me to just walk away.

I never want to be in that spot again.  I want to have the option to walk away if things get really horrible.  I want to work because I want to work, not because I have to work.  For me, FI is much more important then RE. The RE would be nice, but it's secondary.