Comments on: First, set age to retire. Second, set age to die. http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/?utm_source=rss&utm_medium=rss&utm_campaign=first-set-age-to-retire-second-set-age-to-die A Systematic Approach To Money Wed, 18 Jan 2012 05:58:34 +0000 hourly 1 http://wordpress.org/?v= By: Best of the Rest: Happy Hour Edition | Sweating The Big Stuff http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-122 Best of the Rest: Happy Hour Edition | Sweating The Big Stuff Sun, 21 Feb 2010 14:18:14 +0000 http://www.engineeryourfinances.com/?p=279#comment-122 [...] to the mind before Engineer Your Finances, and it was nice getting to know him. I liked his post First, Set Age To Retire. Second, Set Age To Die. I like his last line: Plan for the worst, hope for the [...] [...] to the mind before Engineer Your Finances, and it was nice getting to know him. I liked his post First, Set Age To Retire. Second, Set Age To Die. I like his last line: Plan for the worst, hope for the [...]

]]> By: Fin Engr http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-115 Fin Engr Sat, 20 Feb 2010 06:23:03 +0000 http://www.engineeryourfinances.com/?p=279#comment-115 @ FS Like that last part. Actually got an interesting email from a former 401k manager I keep in contact with. Since you like ratios, I'll see if I can summarize. He took the 80% rule and was sort of discussing percentages of percentages. Using Soc Ser as the backstop, the point was how the amount needed for retirement dropped off noticeably the more expenses were kept in check. Then pointed to how this increased the odds of having a successful retirement. @ FS
Like that last part. Actually got an interesting email from a former 401k manager I keep in contact with. Since you like ratios, I’ll see if I can summarize.

He took the 80% rule and was sort of discussing percentages of percentages. Using Soc Ser as the backstop, the point was how the amount needed for retirement dropped off noticeably the more expenses were kept in check. Then pointed to how this increased the odds of having a successful retirement.

]]> By: Financial Samurai http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-108 Financial Samurai Fri, 19 Feb 2010 07:32:08 +0000 http://www.engineeryourfinances.com/?p=279#comment-108 $2mil in liquid cash isn't a bad goal. That's $80,000/yr in interest income now... add on SSecurity and ur set for life! Just don't have any debt, and want a new BMW every year. .-= Financial Samurai´s last blog ..<a href="http://www.financialsamurai.com/2010/02/18/marketing-or-manipulation-2/" rel="nofollow">Marketing Or Manipulation?</a> =-. $2mil in liquid cash isn’t a bad goal. That’s $80,000/yr in interest income now… add on SSecurity and ur set for life! Just don’t have any debt, and want a new BMW every year.
.-= Financial Samurai´s last blog ..Marketing Or Manipulation? =-.

]]> By: Fin Engr http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-46 Fin Engr Fri, 05 Feb 2010 05:31:02 +0000 http://www.engineeryourfinances.com/?p=279#comment-46 @ Ryan: Thanks, appreciate it. I haven't thought of the exact number either, but this came about after playing around with different $1,000,000 calculators. Using the same variables, I got a difference of 8+ yrs. Agreed. I don't plan to retire and sit around. Looking forward to "retiring" so I can pursue so much more. @ Ryan:

Thanks, appreciate it. I haven’t thought of the exact number either, but this came about after playing around with different $1,000,000 calculators. Using the same variables, I got a difference of 8+ yrs.

Agreed. I don’t plan to retire and sit around. Looking forward to “retiring” so I can pursue so much more.

]]> By: Ryan @ Planting Dollars http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-44 Ryan @ Planting Dollars Wed, 03 Feb 2010 21:18:57 +0000 http://www.engineeryourfinances.com/?p=279#comment-44 Your great uncle Norman sounds like a pretty sweet guy! I haven't given the exact amount of money I need for retirement a thought yet, just save what I can at the moment. I would like to think that I'd still be active and strong headed when I'm 96 like your great uncle, which means I could probably still even be doing consulting work at that point... Planning for sitting in a nursing home most likely will result in sitting in a nursing home. .-= Ryan @ Planting Dollars´s last blog ..<a href="http://www.plantingdollars.com/my-journey/the-part-time-job-search/" rel="nofollow">The Part Time Job Search</a> =-. Your great uncle Norman sounds like a pretty sweet guy! I haven’t given the exact amount of money I need for retirement a thought yet, just save what I can at the moment.

I would like to think that I’d still be active and strong headed when I’m 96 like your great uncle, which means I could probably still even be doing consulting work at that point… Planning for sitting in a nursing home most likely will result in sitting in a nursing home.
.-= Ryan @ Planting Dollars´s last blog ..The Part Time Job Search =-.

]]> By: Fin Engr http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-41 Fin Engr Tue, 02 Feb 2010 01:22:41 +0000 http://www.engineeryourfinances.com/?p=279#comment-41 Thanks & good luck with your $5mil goal! Hopefully you'll reach it before your 130th birthday :) Thanks & good luck with your $5mil goal! Hopefully you’ll reach it before your 130th birthday :)

]]> By: LeanLifeCoach http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-37 LeanLifeCoach Sun, 31 Jan 2010 16:08:43 +0000 http://www.engineeryourfinances.com/?p=279#comment-37 Great message and an important one. I am amazed how many posts I have run across detailing how a million or two is plenty to retire. It's in part why I posted the question "if you lived till 130 years?" I've had more than one say I am crazy for setting my target at $5 million. I think they are crazy for shooting so low! .-= LeanLifeCoach´s last blog ..<a href="http://eliminatethemuda.com/2010/01/how-to-pay-taxes-let-me-count-thy-ways/" rel="nofollow">How To File Taxes – Let Me Count The Ways</a> =-. Great message and an important one. I am amazed how many posts I have run across detailing how a million or two is plenty to retire. It’s in part why I posted the question “if you lived till 130 years?”

I’ve had more than one say I am crazy for setting my target at $5 million. I think they are crazy for shooting so low!
.-= LeanLifeCoach´s last blog ..How To File Taxes – Let Me Count The Ways =-.

]]> By: FinEngr http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-403 FinEngr Sun, 31 Jan 2010 05:53:13 +0000 http://www.engineeryourfinances.com/?p=279#comment-403 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">First, set age to retire. Second, set age to die. http://goo.gl/fb/TmSc</span></span> First, set age to retire. Second, set age to die. http://goo.gl/fb/TmSc

]]> By: FinEngr http://www.engineeryourfinances.com/2010/01/first-set-age-to-retire-second-set-age-to-die/comment-page-1/#comment-404 FinEngr Sun, 31 Jan 2010 05:53:04 +0000 http://www.engineeryourfinances.com/?p=279#comment-404 <span class="topsy_trackback_comment"><span class="topsy_twitter_username"><span class="topsy_trackback_content">New Blog Post: First, set age to retire. Second, set age to die. http://bit.ly/aJr6yp</span></span> New Blog Post: First, set age to retire. Second, set age to die. http://bit.ly/aJr6yp

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