[ice9]

Investments are currently worth about 1.2M. I carry a mortgage, with about 100K in equity.

I think my target is 1.5M.

Obviously I won’t be living in a McMansion and driving a BMW. But I don’t want that. I want to take up ultrarunning, and spend more time with my kids/wife/dog. Live somewhere with low property tax, and no HOA.

Might need to return to Canada, as health insurance will be expensive.

I’m in the video game business (as a programmer) btw.

[ice9]

Investments are currently worth about 1.2M. I carry a mortgage, with about 100K in equity.

I think my target is 1.5M.

Obviously I won’t be living in a McMansion and driving a BMW. But I don’t want that. I want to take up ultrarunning, and spend more time with my kids/wife/dog. Live somewhere with low property tax, and no HOA.

Might need to return to Canada, as health insurance will be expensive.

I’m in the video game business (as a programmer) btw.

[ice9]

Investments are currently worth about 1.2M. I carry a mortgage, with about 100K in equity.

I think my target is 1.5M.

Obviously I won’t be living in a McMansion and driving a BMW. But I don’t want that. I want to take up ultrarunning, and spend more time with my kids/wife/dog. Live somewhere with low property tax, and no HOA.

Might need to return to Canada, as health insurance will be expensive.

I’m in the video game business (as a programmer) btw.

[ice9]

Investments are currently worth about 1.2M. I carry a mortgage, with about 100K in equity.

I think my target is 1.5M.

Obviously I won’t be living in a McMansion and driving a BMW. But I don’t want that. I want to take up ultrarunning, and spend more time with my kids/wife/dog. Live somewhere with low property tax, and no HOA.

Might need to return to Canada, as health insurance will be expensive.

I’m in the video game business (as a programmer) btw.

[ice9]

Investments are currently worth about 1.2M. I carry a mortgage, with about 100K in equity.

I think my target is 1.5M.

Obviously I won’t be living in a McMansion and driving a BMW. But I don’t want that. I want to take up ultrarunning, and spend more time with my kids/wife/dog. Live somewhere with low property tax, and no HOA.

Might need to return to Canada, as health insurance will be expensive.

I’m in the video game business (as a programmer) btw.

[ice9]

No, my job isn’t bad.

I just think I would be overall happier if I didn’t have to work. I would have more time to spend with my family, and pursue my own interests.

I’m not sure I see the point of working another 15-20 years just to end up with more possessions and money than I need.

You’re probably right about the 5.5% yield being difficult to achieve. Apparently a 4% withdrawal rate is “safe”. However, I could sleep just fine at night with all the IRA in MO.

Also, my point is I do have enough saved, assuming I can tap income from the IRA.

[ice9]

No, my job isn’t bad.

I just think I would be overall happier if I didn’t have to work. I would have more time to spend with my family, and pursue my own interests.

I’m not sure I see the point of working another 15-20 years just to end up with more possessions and money than I need.

You’re probably right about the 5.5% yield being difficult to achieve. Apparently a 4% withdrawal rate is “safe”. However, I could sleep just fine at night with all the IRA in MO.

Also, my point is I do have enough saved, assuming I can tap income from the IRA.

[ice9]

No, my job isn’t bad.

I just think I would be overall happier if I didn’t have to work. I would have more time to spend with my family, and pursue my own interests.

I’m not sure I see the point of working another 15-20 years just to end up with more possessions and money than I need.

You’re probably right about the 5.5% yield being difficult to achieve. Apparently a 4% withdrawal rate is “safe”. However, I could sleep just fine at night with all the IRA in MO.

Also, my point is I do have enough saved, assuming I can tap income from the IRA.

[ice9]

No, my job isn’t bad.

I just think I would be overall happier if I didn’t have to work. I would have more time to spend with my family, and pursue my own interests.

I’m not sure I see the point of working another 15-20 years just to end up with more possessions and money than I need.

You’re probably right about the 5.5% yield being difficult to achieve. Apparently a 4% withdrawal rate is “safe”. However, I could sleep just fine at night with all the IRA in MO.

Also, my point is I do have enough saved, assuming I can tap income from the IRA.

[ice9]

No, my job isn’t bad.

I just think I would be overall happier if I didn’t have to work. I would have more time to spend with my family, and pursue my own interests.

I’m not sure I see the point of working another 15-20 years just to end up with more possessions and money than I need.

You’re probably right about the 5.5% yield being difficult to achieve. Apparently a 4% withdrawal rate is “safe”. However, I could sleep just fine at night with all the IRA in MO.

Also, my point is I do have enough saved, assuming I can tap income from the IRA.

[ice9]

[quote=temeculaguy]If you want to live in So cal, then Temecula is about as close as you can get to what you are looking for. 300k will get you a nice house here but I think 75k a year would be the minimum to get by, 100k and you are comfortable.[/quote]

Are you talking after-tax dollars? At $100K, you are talking 100/12 = 8.3K per month. That is a lot more than I would need, I think. Perhaps I lack the same tastes/interests? 🙂

I live comfortably now, and my costs are roughly:

* $2K per month credit card (which is almost all spending, including most monthly bills)

* mortgage and property tax

Occasionally there is a bump if I want to buy something like a new computer, tv, etc.

I’m not factoring in health insurance. I don’t know how much that will cost per month.

I would like to think $5K per month (after tax) would be plenty. There is always that investment cushion that can be dipped into if necessary.

[ice9]

[quote=temeculaguy]If you want to live in So cal, then Temecula is about as close as you can get to what you are looking for. 300k will get you a nice house here but I think 75k a year would be the minimum to get by, 100k and you are comfortable.[/quote]

Are you talking after-tax dollars? At $100K, you are talking 100/12 = 8.3K per month. That is a lot more than I would need, I think. Perhaps I lack the same tastes/interests? 🙂

I live comfortably now, and my costs are roughly:

* $2K per month credit card (which is almost all spending, including most monthly bills)

* mortgage and property tax

Occasionally there is a bump if I want to buy something like a new computer, tv, etc.

I’m not factoring in health insurance. I don’t know how much that will cost per month.

I would like to think $5K per month (after tax) would be plenty. There is always that investment cushion that can be dipped into if necessary.

[ice9]

[quote=temeculaguy]If you want to live in So cal, then Temecula is about as close as you can get to what you are looking for. 300k will get you a nice house here but I think 75k a year would be the minimum to get by, 100k and you are comfortable.[/quote]

Are you talking after-tax dollars? At $100K, you are talking 100/12 = 8.3K per month. That is a lot more than I would need, I think. Perhaps I lack the same tastes/interests? 🙂

I live comfortably now, and my costs are roughly:

* $2K per month credit card (which is almost all spending, including most monthly bills)

* mortgage and property tax

Occasionally there is a bump if I want to buy something like a new computer, tv, etc.

I’m not factoring in health insurance. I don’t know how much that will cost per month.

I would like to think $5K per month (after tax) would be plenty. There is always that investment cushion that can be dipped into if necessary.

[ice9]

[quote=temeculaguy]If you want to live in So cal, then Temecula is about as close as you can get to what you are looking for. 300k will get you a nice house here but I think 75k a year would be the minimum to get by, 100k and you are comfortable.[/quote]

Are you talking after-tax dollars? At $100K, you are talking 100/12 = 8.3K per month. That is a lot more than I would need, I think. Perhaps I lack the same tastes/interests? 🙂

I live comfortably now, and my costs are roughly:

* $2K per month credit card (which is almost all spending, including most monthly bills)

* mortgage and property tax

Occasionally there is a bump if I want to buy something like a new computer, tv, etc.

I’m not factoring in health insurance. I don’t know how much that will cost per month.

I would like to think $5K per month (after tax) would be plenty. There is always that investment cushion that can be dipped into if necessary.

[ice9]

[quote=temeculaguy]If you want to live in So cal, then Temecula is about as close as you can get to what you are looking for. 300k will get you a nice house here but I think 75k a year would be the minimum to get by, 100k and you are comfortable.[/quote]

Are you talking after-tax dollars? At $100K, you are talking 100/12 = 8.3K per month. That is a lot more than I would need, I think. Perhaps I lack the same tastes/interests? 🙂

I live comfortably now, and my costs are roughly:

* $2K per month credit card (which is almost all spending, including most monthly bills)

* mortgage and property tax

Occasionally there is a bump if I want to buy something like a new computer, tv, etc.

I’m not factoring in health insurance. I don’t know how much that will cost per month.

I would like to think $5K per month (after tax) would be plenty. There is always that investment cushion that can be dipped into if necessary.

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