Viva_La_Migra
Well-known member
Cool, that makes it a collector's item. It might actually gain in value someday.
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Millionaire? Are you one? Am I?
- Thread starter rktect1
- Start date
Viva_La_Migra
Well-known member
Milk could cost a million dollars in the future, given the way their printing dollars. Did I mention I'm a trillionare...in Zimbabwe? I have a 50 Trillion dollar Zimbabwe bill. I think it's worth about $15.00. Let's hope the dollar never is devalued to that point.
Cactus
Well-known member
I know I will never be a millionair but that's ok as long as my wife and I can maintain our conservative standard of living through retirement. What concerns me more is the Fed messing up and giving us skyrocketing inflation after years of near zero growth on our savings. That could wipe us out and by then a million dollars wouldn't be worth much. It would only be the average price of a home.
Frixxxx
Moderator
If you do that, you'll no longer be a "Minnow"....great to see you my friend!If I double my fortune, I might catch you soon.
Minnow
Well-known member
SkyPilot
Well-known member
I think your situation really describes mine as well. I will be 54 this year, and will retire as a FLEO next year. With the pension, SS supplement, and a second career (or job if the career things doesn't work out) I will probably work until 65. That means I will probably not tap the TSP account until then. I will likely put off regular SS until age 70, but draw against my wife's SS when she collects at 62 (as soon as I reach 65 +10 months). Given all the various streams of income, including her somewhat small pension from the school dist. she works at, we will have a stable income that will be the same as about a 7-8% return on a million bucks. So, I guess we will do okay... still some variables to sort out, and only time will tell.
dhstdog
Member
Wow Birch, way to be a Team player.
Frixxxx
Moderator
Maybe cut down the trips to pay off that mortgage!!!:toung:
I am available for adoption in this instance!If we win you might not hear from us again.
RazorCat
Well-known member
If I include my TSP, my wife's 401K, value of all other investments plus what I consider all other assets that I own outright (primary residence, bass boat, 1 vehicle, lakehouse)
I guess I made it. Never even thought about it until I read this. Damn. My goal was always to reach a point where my wife and I could retire with enough money to live comfortably, travel often, watch the granddaughters grow up, fish often, and work only if I decide I want to. Not because I have to. With my LEO pension, I estimate I only need to maintain a 4%-5% return on investment in my TSP for us to live comfortably well into our 90s and still have money left. That was the goal and we made it. I have a wonderful wife, wonderful sons, and 3 beautiful granddaughters. I can honestly say I'm wealthy beyond my wildest dreams. I'm retiring in September at 56. Stay tuned for Chapter II.
I guess I made it. Never even thought about it until I read this. Damn. My goal was always to reach a point where my wife and I could retire with enough money to live comfortably, travel often, watch the granddaughters grow up, fish often, and work only if I decide I want to. Not because I have to. With my LEO pension, I estimate I only need to maintain a 4%-5% return on investment in my TSP for us to live comfortably well into our 90s and still have money left. That was the goal and we made it. I have a wonderful wife, wonderful sons, and 3 beautiful granddaughters. I can honestly say I'm wealthy beyond my wildest dreams. I'm retiring in September at 56. Stay tuned for Chapter II.
MrBowl
Well-known member
I think I might be a thousandaire, but I was insolvent not too long ago. I'm late to the game, 45 yo already, and my financial situation means "don't bother going to any of those retirement seminars".
That being said, if I work another 25-30 years, put to use the valuable lessons I've learned, and continue to learn and work hard at investing I do think I will get there. Not that being a millionaire is the absolute goal. The real goal is to reach what Bob Brinker calls "Critical Mass" - the financial situation where you have what you need and whatever income sources you have cover your lifestyle and health needs.
That being said, if I work another 25-30 years, put to use the valuable lessons I've learned, and continue to learn and work hard at investing I do think I will get there. Not that being a millionaire is the absolute goal. The real goal is to reach what Bob Brinker calls "Critical Mass" - the financial situation where you have what you need and whatever income sources you have cover your lifestyle and health needs.
Handballer
Active member
Me living long enough to pay off my mortgage is doubtful. My best chance is by winning the jackpot at a slot machine in Las Vegas. There are Thousands of slot machines to choose from but picking the right machine at the right time is a problem. We make four trips trips a year and our next trip will be Sept/October. If we win you might not hear from us again.
PessOptimist
Well-known member
I'm not a millionaire and will more than likely never get there, unless I hit the lottery.But I am rich in many other ways. My wife and I have learned that we will be grandparents. My oldest is expecting her first.
Nasa, that is very good news. I have two grands and one on the way. I doubt I will ever be a "millionare" as described.
Love those grands!.
rktect1
Member
Not to go off track but could you list your top ten dividend earners?
Handballer
Active member
Not me. If I did not have to make car payments, 24 years to pay off my house morgage, montly bills for garbage pickup, electric and gas, and water services, I'd be there. If I am lucky enouth to pay off the mortgage, I will be there. If I am able, I will move back to Honolulu.
