UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: 1HappyFool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734713  
Subject: Re: When can we retire early... Date: 3/29/2000 4:18 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
When could we retire early?

You can retire early when your annual expenses (including taxes) are about 4% of your investable net worth. Some say more, but few say less. So for your $180K, that means you could retire now if you can live on $7.2K/year.

Assuming this isn't acceptable, your first question comes into play.

What would be the best strategy at this point to retire early?

Forgive me for first stating the obvious, but the best strategy is whatever strategy suitably maximizes your salary or wage income and your investment returns and minimizes your expenses. These are the three factors that get you to the magic number. First choose the one you have the most control over and exercise that control. Then move to the second and then the third in order of control. If you can tolerate a little risk and a lot of volatility, I recommend that you look into Mechanical Investing to maximize your investment returns. The Foolish Workshop board is the best place to start.

1HappyFool
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement