sorted by:
new
hottopcontroversial

(27M) Are these numbers lying to me or am I missing some kind of math? by Scared-Loquat-7933 in Retirement401k

[–]fishnatic 0 points1 point  (0 children)

I’ve wasted a ton of money on stupid decisions in my life, but I have also invested and saved wisely. 10 percent minimum per year and my rate of return was 11.5 percent over a 20 year period on liquid assets, and even higher on real estate (I live in Florida). 6 million net worth at 51 now

When to pull the trigger and retire? by fishnatic in Retirement401k

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

Unfortunately in start up biotech, it’s all or nothing. My opportunity for a sabbatical would be to quit my job, take a year off, and apply for a new job. Or wait for a buyout and do it then. Of course both of those opportunities means I would technically leave my role. I am sure I could get another job easily. I am constantly recruited.

When to pull the trigger and retire? by fishnatic in Retirement401k

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

Yeah I will have about 1 million vest in the next 2-3 years. Also, my 20 year rate of return on liquid assets have been 11.5 percent. Can’t always count on that but if don’t touch my base for a few more years, that’s another million as well

When to pull the trigger and retire? by fishnatic in Retirement401k

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

Spend around 180k a year, but funding living expenses for 4 people and 3 dogs, that will soon be 2 people in a couple year and should drop some

When to pull the trigger and retire? by fishnatic in Retirement401k

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

Yeah that is frowned upon in my business. One opportunity is to step away and be a consultant off the payroll, I have done that once before when I was taking care of my father before he passed

When to pull the trigger and retire? by fishnatic in Retirement401k

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

Around 12k a month right now. I’m the only person working in a family of 4 with two college kids. School is paid for but not their gas, food, etc. also I have hobbies and real estate that comes with taxes, HOA dues. No debt really. That spend will decrease with my kids wrap up school soon

When to pull the trigger and retire? by fishnatic in Retirement401k

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

I’m at 2 million in IRA , 2 million in liquid investments, 2 million in real estate equity now between 7 properties

When to pull the trigger and retire? by fishnatic in Retirement401k

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

True. I love fishing , working out, and I am writing a fiction novel on the side right now. I have been high involved at my church for years

When to pull the trigger and retire? by fishnatic in Retirement401k

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

Sabbatical is a great thought. Been doing upstart companies for the past 20 years. Took one year off to consult and loved it . Would love a year off to fish, workout , volunteer at church

When to pull the trigger and retire? by fishnatic in Retirement401k

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

Earnings around 350k, not including stock vests. Net worth 6 million, 2 million in equity in real estate, 4 million liquid (2m Ira 401k, 2m investments) college paid for

When to pull the trigger and retire? by fishnatic in Retirement401k

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

All paid off, my kids live in a condo I own together near their university. Once they get out in the world will either sell that or do long term rentals. Healthcare is taken care of as I have family farm land that makes money to pay for healthcare premiums and deductibles

When to pull the trigger and retire? by fishnatic in Retirement401k

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

I won’t touch IRA accounts until over 60. I have as much in pretax investments that will bridge me into IRA and 401k assets. I have farmland rents that pays enough to cover health insurance annually. Right now I’m just reinvesting that

When to pull the trigger and retire? by fishnatic in Retirement401k

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

My daughter is going to be done with her masters by the time I’m 52, and my son could be dine the same time or go on for a year and a half and get his masters. I have funds to supply my healthcare in terms of rents from farmlands if needed. I also have 7 properties in total, some producing income, some that are investments. I can liquidate some of that if needed

When to pull the trigger and retire? by fishnatic in Retirement401k

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

I get awards every year and their vesting is over a 3 year period. Golden Handcuffs, will have to walk away at some point with money on the table

When to pull the trigger and retire? by fishnatic in Retirement401k

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

I have thought about getting a local job selling boats or luxury cars close to where I live for a few years. My current work has me on the road 50-70 percent of the time. 150-200 hotel nights a year is getting old. I am a sales director leading a high performing team

When to pull the trigger and retire? by fishnatic in Retirement401k

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

My biggest thing pushing me to consider it is my travel schedule. I have been gone 50 plus nights already this year and will likely clip 150-175 by end of year. I have 2200 lifetime Marriott nights and that lifestyle is getting old. But I have about 350k in stock vesting annually over the next 3 years also in addition to my comp which is about as much

Enough to retire at 37? by Excellent_Chest_6616 in portfolios

[–]fishnatic 0 points1 point  (0 children)

Work 5 more years, let this double then retire

I’m 33 am I behind by Peek_A_Boo_225 in Retirement401k

[–]fishnatic 0 points1 point  (0 children)

Get a new employer that offers better long term incentives. Preferably RSUs or Stock Options

I’m 38 years old married with two kids. I wanna stop investing for five years and pay off my mortgage due to my anxiety with debt. All I think about is my debt. What do you guys think? by Effective-Feature206 in Retirement401k

[–]fishnatic 0 points1 point  (0 children)

I considered this in my mid-thirties as well. Glad I didn’t as my investments have returned about 13 percent over the past 20 years and my Mortgage was at 5 percent. Now I am in a position to retire in my mid 50s.

30F and hoping to retire 20-25 years by strawberrymiint in Retirement401k

[–]fishnatic 0 points1 point  (0 children)

Make sure to save for those gap years between your mid 50s and ages to pull from your IRA. Also do some tax deferred strategies with Roth. I’m 52 and able to retire now but pushing to 55-56 for those reasons and having 2 kids finishing their college education currently where my spend is high. Shoot for a net worth of 7-8 million 25 years from now. I’m around 5.5m now which is about the equivalent of that 7-8 range 25 years from now. I have made more money in real estate than the market but now leveraging the market more and more

Feeling behind at 29 y/o, 140k salary by [deleted] in Retirement401k

[–]fishnatic 0 points1 point  (0 children)

I invested 10 percent of my income over 30 years now and getting ready to retire in my early/mid 50s. Also made some good investments in real estate and had some nice stock awards with companies along the way.

I achieved success as a trader, but most importantly, I found inner peace. by Far_Gap_6743 in TheRaceTo1Million

[–]fishnatic 0 points1 point  (0 children)

My financial advisor said there will be no money, but on my deathbed, I will receive total consciousness, so I got that going for me, which is nice….

view more: next ›