OldSchoolSnapper
-
Posts
11,932 -
Joined
-
Last visited
-
Days Won
25
Content Type
Profiles
Forums
Blogs
Events
News
2026 Milwaukee Brewers Top Prospects Ranking
Milwaukee Brewers Videos
2022 Milwaukee Brewers Draft Picks
Milwaukee Brewers Free Agent & Trade Rumors, Notes, & Tidbits
Guides & Resources
2023 Milwaukee Brewers Draft Picks
2024 Milwaukee Brewers Draft Picks
The Milwaukee Brewers Players Project
2025 Milwaukee Brewers Draft Pick Tracker
Store
Downloads
Gallery
Everything posted by OldSchoolSnapper
-
Another common option is the non-breadwinning spouse continues working and adds you to their insurance. Some people really love their jobs and would do them for free. I have many friends and acquaintances who've done this. Usually the one working has a pretty liberal vacation policy and they still travel often while maintaining the benefit perks of a job.
-
Not necessarily. $40k for two people is doable, it just flies in the face of conventional thinking so there is a knee-jerk reaction that it's insane. Pete Adney has been doing it for years on about $25k with a dependent child no less. As far as early withdrawal penalties, there are a billion loopholes for accessing retirement accounts prior to that age but that's a much longer post. Healthcare is a valid point, however Obamacare has made that a much less stressful proposition than before. You can remove a lot of that burden by taking care of yourself - before anyone says it, yes, I know bad things happen to people who do good things and your uncle ran 5 miles a day and still got cancer. I get it. The odds are tipped heavily in your favor if you do those things, though. His example of the $40k wasn't meant to be taken literally, he just used it because it worked with round numbers and utilized the 4% rule with a nice round $1mm. His point is still valid - the math behind retirement isn't as complicated as we're led to believe. $3 million by age 60 is extremely attainable for two working people on modest incomes. And it's most likely beyond what anyone would need and still enjoy themselves quite a bit.
-
The tortoise plan has proven more effective for 99.9% of investors if they are invested in low-cost index funds. It isn't even necessarily tortoisey if expenses are curbed. There are blogs all over the place about guys retiring in their 30s using nothing but Vanguard indexes. Sorry, I'm older, retired and did fine, but this thread is rather amusing. I worked in finance for many years. The amount of people thinking they're better off targeting IPOs or messing around with bitcoin than they would be just dumping gobs of money into indexes is just always going to be funny. The math behind retiring early is really not that complicated. Don't make it harder than it has to be. Joe Blow has no idea when to buy and sell a stock or a BTC. You may play that perfectly once or twice. You're not going to get it to work for 20, 30 years. You're just not.
