Anonymous
03/22/2021 10:45
Subject: What is your net worth if you are 55 years of age
Speaking of tithing...check out where those donations goes to....
https://www.washingtonpost.com/religion/2021/03/22/preachers-sneakers-instagram-wealth/
https://www.washingtonpost.com/religion/2021/03/22/preachers-sneakers-instagram-wealth/
Anonymous
03/20/2021 23:26
Subject: What is your net worth if you are 55 years of age
[twitter]
Unclench.
Replace the word tithe with donate.
Will you or anyone do it now?
$100 a year ? $1000? Even if you are HHI is over $200K?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Not in my 50’s yet but ~$80mm net worth with 7 figure daily fluctuations.
The only question I have for you my friend is do you tithe?
not everyone is a religious nut who believes in some imaginary superior being...made up by some group to control the naived masses.
What a tightwad idiot. It doesn’t have to be a Christian or religious charity. You don’t have to use that term. It doesn’t have to be 10%. You can do 15-20%. But you wrecked looking to get hung up on words as a way out of charity. Bad Karma for you!
tithe
/tīT͟H/
noun
one tenth of annual produce or earnings, formerly taken as a tax for the support of the Church and clergy.
verb
pay or give as a tithe.
"he tithes 10 percent of his income to the church"
Unclench.
Replace the word tithe with donate.
Will you or anyone do it now?
$100 a year ? $1000? Even if you are HHI is over $200K?
Anonymous
03/20/2021 20:22
Subject: What is your net worth if you are 55 years of age
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Not in my 50’s yet but ~$80mm net worth with 7 figure daily fluctuations.
The only question I have for you my friend is do you tithe?
not everyone is a religious nut who believes in some imaginary superior being...made up by some group to control the naived masses.
What a tightwad idiot. It doesn’t have to be a Christian or religious charity. You don’t have to use that term. It doesn’t have to be 10%. You can do 15-20%. But you wrecked looking to get hung up on words as a way out of charity. Bad Karma for you!
tithe
/tīT͟H/
noun
one tenth of annual produce or earnings, formerly taken as a tax for the support of the Church and clergy.
verb
pay or give as a tithe.
"he tithes 10 percent of his income to the church"
Anonymous
03/19/2021 22:09
Subject: What is your net worth if you are 55 years of age
Anonymous wrote:Anonymous wrote:Anonymous wrote:Not in my 50’s yet but ~$80mm net worth with 7 figure daily fluctuations.
The only question I have for you my friend is do you tithe?
not everyone is a religious nut who believes in some imaginary superior being...made up by some group to control the naived masses.
What a tightwad idiot. It doesn’t have to be a Christian or religious charity. You don’t have to use that term. It doesn’t have to be 10%. You can do 15-20%. But you wrecked looking to get hung up on words as a way out of charity. Bad Karma for you!
Anonymous
03/19/2021 22:02
Subject: What is your net worth if you are 55 years of age
Anonymous wrote:52 and 59
$1.8M in retirement
$500K in taxable brokerage accounts
$60K in tax free accounts
529’s are in place for 2 children instate VA. Senior and freshman in college now.
$160K in whole life cash value. (Wife’s, not sure what do with this. Not paying premiums), Grows about 4% per year.
$600K in home equity
Approx 1.7M in a pension today, benefit grows about 12% per year that I stay with employer.
Maxing 401K’s, and deferring 15% of my salary to a non qualified plan.
Only 600k in home equity with those extraordinary funds elsewhere? Where do you live?!
Anonymous
03/19/2021 21:48
Subject: What is your net worth if you are 55 years of age
Anonymous wrote:Anonymous wrote:Anonymous wrote:51; 3 mil in 401k, 150 liquid, 700k equity in home; in 6 yrs will retire with 30% fed pension
How is your 401K invested to hit that level? I'm super curious. Very impressive!
DH private firm fund are very good and saved max from the beginning. Fed tsp still good not quite as good tho
Thank you for responding. Is the 3MM for just DH's 401K, or does that include the Fed tsp? I am trying to get an idea of the max amount a private firm fund realistically achieves. Thank you.
Anonymous
03/19/2021 21:20
Subject: What is your net worth if you are 55 years of age
Anonymous wrote:Anonymous wrote:51; 3 mil in 401k, 150 liquid, 700k equity in home; in 6 yrs will retire with 30% fed pension
How is your 401K invested to hit that level? I'm super curious. Very impressive!
DH private firm fund are very good and saved max from the beginning. Fed tsp still good not quite as good tho
Anonymous
03/19/2021 18:11
Subject: What is your net worth if you are 55 years of age
52 and 59
$1.8M in retirement
$500K in taxable brokerage accounts
$60K in tax free accounts
529’s are in place for 2 children instate VA. Senior and freshman in college now.
$160K in whole life cash value. (Wife’s, not sure what do with this. Not paying premiums), Grows about 4% per year.
$600K in home equity
Approx 1.7M in a pension today, benefit grows about 12% per year that I stay with employer.
Maxing 401K’s, and deferring 15% of my salary to a non qualified plan.
$1.8M in retirement
$500K in taxable brokerage accounts
$60K in tax free accounts
529’s are in place for 2 children instate VA. Senior and freshman in college now.
$160K in whole life cash value. (Wife’s, not sure what do with this. Not paying premiums), Grows about 4% per year.
$600K in home equity
Approx 1.7M in a pension today, benefit grows about 12% per year that I stay with employer.
Maxing 401K’s, and deferring 15% of my salary to a non qualified plan.
Anonymous
03/18/2021 23:49
Subject: Re:What is your net worth if you are 55 years of age
50 and 56.
about 1 m in retirement
about 700k in investments
about 250 k in equity
50k in savings/emergency fund
college more or less funded for 2 kids
DH will have a pension.
I will have an inheritance (+-2.5 m)
about 1 m in retirement
about 700k in investments
about 250 k in equity
50k in savings/emergency fund
college more or less funded for 2 kids
DH will have a pension.
I will have an inheritance (+-2.5 m)
Anonymous
03/18/2021 23:06
Subject: What is your net worth if you are 55 years of age
Anonymous wrote:Called making crap up!
Anonymous
03/18/2021 22:52
Subject: What is your net worth if you are 55 years of age
Called making crap up!
Anonymous
03/18/2021 22:02
Subject: What is your net worth if you are 55 years of age
Anonymous wrote:51; 3 mil in 401k, 150 liquid, 700k equity in home; in 6 yrs will retire with 30% fed pension
How is your 401K invested to hit that level? I'm super curious. Very impressive!
Anonymous
03/18/2021 21:25
Subject: What is your net worth if you are 55 years of age
51; 3 mil in 401k, 150 liquid, 700k equity in home; in 6 yrs will retire with 30% fed pension
Anonymous
03/18/2021 20:58
Subject: What is your net worth if you are 55 years of age
54 and 56, 1.5 million.
Anonymous
03/18/2021 19:06
Subject: Re:What is your net worth if you are 55 years of age
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Apologize if this is off topic but I was wondering what you think is a reasonable assumption to make about investment returns if you are within 10 years of retirement (assume 60% stocks) and after retirement. Also what is a reasonable assumption for average rate of inflation over the next 40 years
This a stupid question dear
It's not.
Nobody knows but reasonable conservative estimate would be 6% before retirement, 4% afterwards.
I don’t know how conservative 6% is for a 60/40 portfolio. What are your estimates for stock and bonds returns?
In my financial model, I assume a 5% rate of return (blended) and 3% inflation (i.e. Real Rate of Return is about 2%). Even before retirement. Of course, I'm pleasantly surprised each year when my return is in the 2 digits thanks to whatever is going on out there.. Plan is to withdraw no more than 3% in retirement and the hope is to get more than 3% in real return on a go-forward basis.
I also assume a "reset" (an event where my accounts is reduced by a certain % and stays at that level) of my account balances by a large percentage at some point. I adjust each year's model to reflect that. If I get by a given year without a reset happening, I modify the model to incorporate the reset into the following year. How much? My model currently assumes a 40% reset in 2021. If we get through 2021 without a major fiasco, I'll up that to 45%. This is more of a stress test of my portfolio with ultra-conservative assumptions.
We are 55 and 50 y.o. with plans to retire in no more than 10 years from now.
PP, I'm curious about this. When you say "reset" is this to reflect a correction or crash? And if so, then I assume you take the new amount and assume a 5% ROI and 3% inflation moving forward with the new amount?? Thanks
Yes. Using numbers.. Let's say Jan 2021 I start off with $1million in total assets, 5% growth takes it to $1,050,000. I adjust this down by 40% (it becomes $630,000). This flows into the opening balance for 2022 and all subsequent growth and spending is based on this balance. When Jan 2022 comes around and we have not had a "real" crash, I use the actual numbers as the ending balance for 2021 and opening balance for 2022. I also move the "reset" to end of 2022, etc.
40% is huge. One will need a very large amount of money using this method.
A market drop will happen regardless of your wealth $$. So why not model it and at least try to be prepared for it. The Coronavirus dip was 34% (I believe) and could have gotten worse and sat there had not the government stepped in. Thankfully we had a President and House that wanted to give money and a Senate that was too chicken to fight the President. Biden had to bend the rules for the next round and he can't keep doing that forever..