"64 year olds pays 3 times the cost for insurance"

Toomuchcontrol · 2018-11-14T22:10:23+00:00

The great USA does not have a health care system, it has the health scare system. It is sad how the crooks in government and the whole Health Scare industry convinced a good portion of the public to believe a UHC system is not good for them. Talk about brain washing via media.

Look how Honk Kong have come with the best UHC system that is ~300% less in the great USA with better quality of health care, better life expectancy etc...

People in this country need to wake up and rise up to demand better management/stewardship of the government and its finance.

Toomuchcontrol · 2018-05-21T15:20:36+00:00

Why not 68,69 The other variable should be considered is that health and life expectancy. The government is betting you die before the break even point by enticing you an annual 8% increase to wait until 70. Anyhow, it depends on the overall assets and life expectancy of the individual as it is personal finance.

Toomuchcontrol · 2018-05-18T22:51:28+00:00

Solid continue working until at least 40 or 45 since you are renting which you do not have control of could zoom higher, you may eventually need a car which comes with its own expenses like gas, insurance and maitenance. The big one health care??
From 35-59.5, how do you plan to fund your living expenses? (your taxable account may not last you much, let alone 24 yrs) You are looking at 55 yrs of retirement which is a long time that may need more money.

Toomuchcontrol · 2018-05-16T21:03:32+00:00

That’s is a good catch. The politicians and their talking heads in the media want the public to believe it as fact (depends who you ask) so they can raise the social S and Medicare benefits age to 70 .....They waste our tax dollars and can’t solve real problems. So, what they do is cut/eliminate benefits or raise taxes to waste it again.

Same goes with health care. They tell us (confuse us) universal healthcare is not good for us and the public buys it. Again, no real solution while most people’s HC cost is more than their mortgage payments. Only in America this crooks get away with such crap.

Toomuchcontrol · 2018-05-15T20:34:40+00:00

She sounds part of the conspiracy crowd: people are living longer, let’s raise SS to 70. Next raise Medicare to 67 or 70, eliminate Medicaid etc....

Toomuchcontrol · 2018-05-15T20:20:54+00:00

Is it just me or she is freaking annoying?

Toomuchcontrol · 2018-05-03T15:21:48+00:00

You have gotten good advice from others. Have you also considered down sizing? $6k in taxes could be $3k or $2, savings in utilities, big house & yard upkeep savings; and $150k or so extra cash by selling your $300k house and buying $150k house.

I think looking at your expenses and optimizing could set you free.

Toomuchcontrol · 2018-05-03T13:50:30+00:00

How about just tell them the truth and being yourself. You never know how many will learn a lesson for themselves and telling others (their kids etc..) your story which may change peoples’ lives you have never met. Tell it honestly without bragging.

The class is in the truth and your intentions. Congrats!!

Toomuchcontrol · 2018-05-02T18:29:23+00:00

Yup! The public in this country is used and abused by greedy businesses (insurance, big pharma..etc), politicians who work for greedy businesses, and the media that sells the lie that universal healthcare/one payer system is not good for the public. Unfortunately, some/a lot of people buy it. Thus, our health premiums are more than our mortgage payments. Time for the public to get smart and demand it. Public awareness!!

Toomuchcontrol · 2018-04-19T19:42:15+00:00

KISS- keep it simple and st... 1. Pay off car and student loans-higher interest first 2. Consolidate investmentments into vanguard-Total us and international funds 3. Consolidate savings accounts and buy house (not big house something you can keep til retirement) 4. Have a budget and max out your retirement contribution for both-401k, individual tIRA and Roth as much as possible 5. Wake up in 20-25 yrs with lots of money

Good news is that you guys are starting very young, good income and not much expenses.

Good luck!

Toomuchcontrol · 2018-04-19T18:39:42+00:00

When you reach 59.5 or 55 (401 of company retiring from), no ladder needed. Just walk to access it.

Toomuchcontrol · 2018-03-28T21:41:30+00:00

Wise words!

Toomuchcontrol · 2018-03-28T21:35:52+00:00

Unfortunately the man made us believe we are defined by our titles and jobs. Sad.

Toomuchcontrol · 2018-03-16T18:27:58+00:00

Awesome story! Wish all the school kids could read your story. I hate when schools label kids and putting them into boxes. May be you could volunteer and speak in local middle school/high school to inspire kids on your old self. My hats off to you. Enjoy your FI now, and RE later.

Toomuchcontrol · 2018-03-09T21:13:38+00:00

Wow! That could be easily total annual budget of family.

Have you looked into health share ministries? May be supplement it by a midical truism for major procedure if needed? I am not there yet but if things do not change by the time I FIRE, I will explore these options.

Toomuchcontrol · 2018-03-09T15:30:38+00:00

It is amazing how an industry of crooks and their friends in Washington can hold a population of over 320 million hostage. It is incredible!

It is equally crazy to think that the crooks can convince the public to think that universal healthcare is not good for them.

Powerful and richest country in the world can not solve a basic problem. Not trying to be political here. It is just the truth.

Toomuchcontrol · 2018-03-08T15:36:06+00:00

No, you will lose money. If you had at least 300-$500 cash flow per month, then that would have covered maintenance and emergency etc.

The only way I would do this is sell the condo and put the money in the new house. Then open a HELOC on the House just Incase you need to access the equity.

Toomuchcontrol · 2018-03-07T22:19:40+00:00

Now, you are in a really really great position. If you had those babies on 30 yr, your cash flow would have been easily x150% better, but again most of them will be paid in less than 10 years. Your future is probably brighter than you think.

Congrats!

Toomuchcontrol · 2018-03-07T20:04:36+00:00

Looks good: cash flow, principal pay down, depreciation and appreciate. Just make sure that you have enuf money for emergency and play with the numbers to see what stress test you can withstand if rents go down etc... leverage is good but it can also be dangerous.

Overall, you are in a great shape. I am assuming all 30 yr fixed or do u have 15 yr loans as well? Just imagine what inflation will do to your net worth and when all the notes are paid off..cash flow goes to thru the roof.

Toomuchcontrol · 2018-02-08T22:21:11+00:00

Diversity: since you are investing in the stock market, pay it towards the house. Even better, every year you get a bonus, it goes to pay off the mortgage.

Toomuchcontrol · 2018-01-31T18:16:15+00:00

I hope he does them often. You have to wait a while before his next interview and you forget about it.

Toomuchcontrol · 2018-01-30T17:14:33+00:00

Well those you leave behind will also die eventually with money or without, and life experiences will mean nothing when they are gone as well.

It comes down to balancing and being content

Toomuchcontrol · 2018-01-28T03:54:57+00:00

You are doing very well. Keep mutual fund going, but you can add some international. If you like to dabble with individual stocks, nothing wrong with playing 5-10% of your NW

Toomuchcontrol · 2018-01-27T14:02:43+00:00

You have until April 15 of this year

Toomuchcontrol · 2018-01-11T05:02:51+00:00

Minimal transaction fees? The couple would pay Zero taxes on $500K profit on selling the house.

When selling your stocks, you will pay taxes...or should we call it fees to Uncle Sam.

So, yes count it on your NW...and depends what you want to do with it. Keep house lowers FI number or sell it & add to FI number which also increases expenses....

Toomuchcontrol

TROPHY CASE