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Archive for March, 2019

Retire Now on a Very Modest Budget

March 30th, 2019 at 06:50 pm

I love to crunch my numbers this way and that. Recently I have discovered that if I retire right now, it looks like this:

- withdraw $1,400 per month beginning 4/1/19
- give myself a 2% COLA every Jan 1st
- hold off on SS until FRA (67)
- at age 67, reduce monthly withdrawal by $750 (realistic SS benefits estimate)
- assuming 5% IRR, run out of money at age 96

Even though I cannot live my desired lifestyle on $1,400 per month, it is a very liberating feeling to know I can cover my basic needs come what may.

I have built a spreadsheet and will continue to fill in actual numbers and re-calculate each month. At some point, the monthly withdrawal is going to become enticing enough to pull the trigger on retirement.

RedNeck Savings Bank

March 8th, 2019 at 04:21 pm

Just heard about this no hoops money market account, currently paying 2.5%. Their marketing strategy cracks me up.

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Thought it might help someone. If you're not shopping for a new online bank, take a peek at their site anyway.

March 2019 Budget

March 6th, 2019 at 08:46 pm

I love how simple my budget has gotten! If I can stick to it, I will reach my goals. Smile

Net Worth 2-28-19

March 5th, 2019 at 01:54 am

Well, my net worth has gotten very simple. I decided to leave the value of my car off because I'm not going to sell it; and OK, I just didn't want to try squeezing it into the space.

I did a pretty good job estimating my net proceeds from the house sale. I did give away some money but investment performance for the month gave it right back.