UnThreaded | Threaded | Whole Thread (54) | Ignore Thread Prev | Next
Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1499  
Subject: Re: Others with un-retirement? Your ratio? Date: 10/14/2007 8:17 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Sorry about that - 1/4 time consulting is paying me more than my wages my final year of FT employment so I took nothing from IRAs. Our expenses didn't increase since they used to include kid stuff and don't really anymore.

I honestly don't track our expenses anymore so I'll bow out.

When my husband does retire, he'll get 100% of his salary and our state doesn't tax pension income so there will be an increase in spendable money there(~4.75%). Add ss if it's there in 10 years. The nest egg issue will be projecting RMDs and deciding if starting distributions at 59.5 and moving that to taxable accounts is a better choice.

We assumed neither pension nor SS would come through so we started IRAs in our 20s and took all the matching money offered in 401Ks.

Current net worth / current income = 11.17.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (54) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

An Interesting Read
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.