Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Topics - gopherguy

Pages: [1]
1
Other / Wills & Trusts
« on: May 08, 2020, 05:42:06 AM »
Hello World... Perhaps itís because most who seek FI are younger, Iíve yet to see information pertaining to Wills or Trusts. The first (and only) time I had an actual will created (by a real living lawyer) I was around 40. Now Iím 55, I own a home when I didnít previously. Iíve moved out of the state where the will was created, Iíve had more kids, my financial situation has drastically changed, my bank accounts and/or financial related institutions no longer match those in the doc (actually I canít say for certain they were included)... but you get the picture. Things have changed ó a lot!

Anyone have firsthand experience in creating DIY will? Maybe itís not smart to do? That type of feedback would be equally helpful. Iím not sure what Iím going to do, but sending out feelers.

Gracias.

2
General Discussion / Retiring beyond 55
« on: January 28, 2020, 06:52:08 AM »
Hey folks,
Thanks for reading, and thank you (anyone and everyone) in advance for your input.
I'm 55 and have not been invested. Sad but true, and the reason is too long to explain here.
I have a little over 1.1M in cash. And approx. 500K in 401k. House is paid, no debts.
Yearly expenses are approx. 42K.
Iím still employed.
The key for younger people seeking FI is time, younger people have more time to allow their nest egg (investments) to grow. My plan is to invest 1M and not touch it until Iím 67. Is that enough time (a little under 12 years) to allow it to grow? And given the market is valued so high at this time, is it wise to go all in at my age?
Appreciate your feedback!
Note: at 67 I'll also begin to claim social security, so I won't need very much of that 1.1M. My social security will cover at least 75% of my expenses. Thanks again for your feedback!

Pages: [1]