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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I retired almost a decade ago in my early 50s.  My net worth at the time was about $4 million.  The bulk of our net worth was in retirement accounts, but we also had saved close to $1 million outside of retirement in brokerage and savings accounts.  Our net worth is now around $7 million.  We’ve been living off of $200-$250k a year in our retirement, which has allowed for a very comfortable even if not extravagant retirement.  We travel frequently, eat out regularly, help our kids out financially when necessary or appropriate, and have enough to support both our primary and second homes.

We’ve managed because we have a diversified portfolio and have figured out how to minimize taxes.  Obviously savings aren’t taxed, just the earnings on them, but if you play it right the zero percent capital gains tax rate can take you very far.  Most years our federal income tax liability has been zero or close to it.  One year I made a rookie mistake that ended up costing me more taxes than I wanted to pay (I stupidly went over some limits while trying to help one of the kids buy a house) but it didn’t kill me and I learned from the experience.

And that brings me to my final point.  When you’re retired you have more time to track your expenses and figure out what works financially for you. While we were never huge spenders when I was working, we also didn’t carefully track our expenses.  After retirement we started doing that (we use Personal Capital) and it’s very comforting and helpful - and actually kind of interesting to see and play around with.  We now know exactly what our cash flow is and what expenses we could more easily cut if we had to.

To sum things up, if you have a sizeable nest egg that’s diverse and includes savings and brokerage accounts as well as retirement accounts, you can make this work.  [/quote]

Thanks for your detailed posts over time. You'd once posted how your cashflow was derived to get to $200K and yet qualify for Obamacare (pre-65). Can you repost that if possible? I'd saved it somewhere but can't find it.[/quote]

+1 for being thankful for this PP. I, too, printed out the details but can't find it.

I would love to know current asset allocation. I think he/she had healthcare through law firm after retirement.

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