I just hit 3 Million and Put in to Retire

Opps. Entitled

 

You can tell who the ants and the grasshoppers are on this thread.

 

I think the same way, we all make choices in life. I have relatives who think I was lucky. I worked hard from day one. Plus both my parents were born on farm they did NOT own. They have 5 kids and I was the youngest. Long story short my dad got a Job in Ins. typing policies in 1957. He went on to take many classes and such to get better paying jobs, well it worked and he became VP of this Ins. Co. We moved to Gainesville, FL in 1970. I worked at Publix, and did well, I went to college and it was easy. But they did not make it easy.
Thirty years of selling meds, was wonderful. I never had a car payment, and my house was paid off when I was 45. The interest rate back then 8%. My first house 12%. So you people today that complain..shut up!
Mr. K hired me for Marion and wow, what fun it was. Maybe, I was lucky.

 

yay everyone should have a plan. remember if you fail to plan, you plan to fail!

 

I am just trying to figure out how this dude thinks 3M in retirement is something to brag about

 

Don't worry, the Biden economy is going to kick in soon and his 3 million will be worth 3 bucks.

 

you're so dumb

 

It is something to brag about. 3 million =$120K a year not including social security. Most will never achieve it.

 

If $3M = $120K per year, you are doing something wrong in investing in your portfolio or are planning to live forever. With some solid planning and SSI kicking in at 67, you should be able to generate at least $180K. My last boss retired at 62 and makes more now than he did when he was working.

 

The $120K number comes from the Trinity Study (4% Rule) That number doesn't take SS in consideration, just the investment.

 

Reading this thread makes me feel sorry for a lot of you. Go ahead and pat yourself on the back counting your coins. Hopefully you haven't spent 50 years of your life completely focused on how much you have in your 401k. Granted it is an accomplishment, but at what price?

For me, I have 5 adult children whom I put through college on my dime. They are all gainfully employed and starting families. I have blessed them with zero college debt, and all of them now own their own homes. My goal in life was not to retire at age 50 with a lot of coins as my trophy. So I am 63, and have a mere 560k in savings as I near retirement. I will not be traveling to far off exotic locations living large, I will be living quite comfortably, surrounded by family and grandkids. I am not knocking you for your life goals, but for those that feel it is a competition that is won by whomever has the most dollars, I pity you. I am quite happy with my choices in serving others.

Everybody dies, but not everyone lives.

 

Understand. But it’s a different world than it was even 15-20 years ago. A million dollars is weirdly not the anchor it once was. I want to retire while I am still young enough to travel but mostly because the job is more stressful than previous years - at least it is to me. The fun is essentially gone. 3 million is the new goal and it’s not an easy number to achieve at 65 much less at 55. I am almost there at 53. Not sure exactly what I’m going to do but it’s nice knowing that I’m almost at the magic number. I don’t know if this makes sense but I think it’s just the feeling of relative financial security in an American society that seems to be going bonkers on a multitude of levels.

 

Nobody asked you Karen. Whatever happened to letting kids “pull themselves up by the bootstraps”. Sounds like a boring life as you wasted a career.

 

Huh?

 

what an accomplishment! Mazel tov

 

You’re stupid. Take your bs elsewhere.
Damn right I’m entitled to what I payed into for 40 yrs of working......actually entitled to more, as SS is a joke, as is Medicare.

I’ll be retiring next year. I have $3.5 million in investments, and real estate. I’m debt free.
My money is going to my kids and grandkids. When it’s gone, I’ll be on the dole with the rest of the freeloading parasites....White, Black, Brown, Green, and Polka Dot, that have been on the welfare dole for generations and/ or plan to be. The difference is, I earned it, they didn’t.

 

not a good day on the market today

 

65
27 years at*
Pension 67k
SSI at 65 33.k
401/Ira/invest 3mm
House 500k free clear
No debt

yab a daba do

























*Jumping Johnny as a fing pharma rep!!

 

58, pharma career rep
3.20M in accounts
175K owed on home worth 550K
no other debt
live frugally
You can all do this if you set your mind to conservative living