The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: boarder42 on April 05, 2017, 12:10:14 PM
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Wanted to see what the breakout was around here for primarily how people planned to achieve FIRE.
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Cool idea!
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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.
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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.
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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
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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.
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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.
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Interesting, I'd say the age skewed older than it may have four years ago.
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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.
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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.
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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.
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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.
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Just retired at 53. The survey didn't let me choose 4% of equity investments, followed 12 years later by pension and social security.
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Nothing for people in their 20s? :P
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Goal 35-40 3.5% WD rate 90% or 100% equities/reits.
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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
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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.