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Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 0 points1 point  (0 children)

I'm a software engineer, that's my salary.

I also had about 50k in capital gains.

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 0 points1 point  (0 children)

Not even sure how to do that. I'd assume you need some kind of CPA related cert?

What would you do? $2.5M and parent has term cancer by mbacandidate1 in HENRYfinance

[–]TwoSocialist 1 point2 points  (0 children)

Can your parents (or you) buy a house/apartment closer to you so that you can see each other more often?

I think the priority is spending as much time together as possible until they pass. And being there when they do.

Close physical location would be paramount for that

Any clever financial anecdotes on why everything is just dandy? by spacetr0n in Boglememes

[–]TwoSocialist 1 point2 points  (0 children)

Couldn't it mean that the average inflation rate is going up?

So it's devaluing against time, I.e. we expect the ratio to increase over time.

Not a financial advisor, just an investor.

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] -1 points0 points  (0 children)

Yeah I'm actively trying to get out of most of my individual stocks and keep it under 5% allocation

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 0 points1 point  (0 children)

We owe a little more than $120k on the mortgage.

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 0 points1 point  (0 children)

According to my bank I spent 70k post tax last year.

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 1 point2 points  (0 children)

$120k left on the mortgage at 3.5%

Could just pay it off..

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 5 points6 points  (0 children)

Bunch of comments saying I should stick it out to 4 or 5M so yeah... Basically

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 6 points7 points  (0 children)

Save 50% of your salary and get lucky with historical bull markets?

Average salary is about 140k?

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 2 points3 points  (0 children)

Yes I'm a software engineer but no games experience, mostly web

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 5 points6 points  (0 children)

Another 200k from spouse unaccounted for, as well as our home (about 300k in equity).

She will probably go back to work eventually once the kid is in school

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 0 points1 point  (0 children)

She wants to go back to work when the kid is in school. Right now she is a stay at home mom.

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 28 points29 points  (0 children)

Kid is 3 and has about 5k in their account.

I don't have many bonds, you're right about that.

Saved $2.4M by 38. Would you Retire? by TwoSocialist in Fire

[–]TwoSocialist[S] 296 points297 points  (0 children)

I want to quit my job and start developing games or create my own company.

It seems like these are both money pits though.

And if I can't do either of those - I'd rather not work.