tag:blogger.com,1999:blog-1611711622146875201.post905957396451341304..comments2024-03-28T21:23:54.204-04:00Comments on DON'T READ THIS; IT'S BORING!: The Money Going Into Retirementslugmamahttp://www.blogger.com/profile/12728856166374248591noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-1611711622146875201.post-89002654200829538632017-06-08T22:23:24.875-04:002017-06-08T22:23:24.875-04:00P.S. This calculator was very helpful in figuring...P.S. This calculator was very helpful in figuring out how much we will need to pull out to live.<br />https://smartasset.com/retirement/retirement-taxes<br />Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-19821964317992883112017-06-08T22:21:42.971-04:002017-06-08T22:21:42.971-04:00Hi Denise,
Just found your plan, as I had some tim...Hi Denise,<br />Just found your plan, as I had some time to read blogs tonight. :) It sounds like you have everything in good order! We hit $1M in our 401K retirement accounts this week, and hope to have that rise to $1.4-6M by the time we retire. Once we retire, I'm hoping to have anextra $200,000 in cash with the sale of our home, and moving to a less expensive area and home. We will be 5 years away from applying to Medicare, but I hope to build up the healthcare accounts to a nice tidy sum. The best think I can do there is try to stay healthy, right? I think you have PLENTY of safety nets. You guys are not big spenders and living on only $46K to $75K will certainly allow you many years. I'm imagining our monthly nut will go down drastically when kids are off payroll and we have things paid off. Congrats on retirement for you and hubby! Enjoy every minute!Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-72404761378408937132017-05-19T20:25:52.174-04:002017-05-19T20:25:52.174-04:00Hi Ladies. I just wanted you to know I finally sta...Hi Ladies. I just wanted you to know I finally started another blog. Why was I out of the picture? Well, I didn't want to talk about it till now.<br />https://retiredandthrifty.wordpress.com/<br />It's OK now. I'm feeling better about it and can talk about it.<br />Cindi<br />Thanks for thinking about me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-77050962921847211782017-05-12T02:29:10.089-04:002017-05-12T02:29:10.089-04:00All of your terrific planning is about to pay off....All of your terrific planning is about to pay off. Enjoy every minute of it! Too many people believe that retirement will never arrive so they never plan.You guys have done well and I applaud the both of you. American Dreamerhttps://www.blogger.com/profile/14091457436415496408noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-74562592442302112302017-05-10T12:34:24.855-04:002017-05-10T12:34:24.855-04:00Hi Carole & Lucy. Thanks for asking about me. ...Hi Carole & Lucy. Thanks for asking about me. This is Cindi.<br />I'm fully retired right now and in the midst of fixing up my main residence for sale in either two or five years. Lots of work to do. Very overwhelming. I can't believe all the clutter we collected in 17 years!<br />Anyway, I just don't have the time to blog anymore. Heck, I haven't even picked up my camera either. I'll check in with Sluggy every once in a while, though.<br />Denise, you and your husband have done fantasically regarding your retirement. Hats off to you both. You'll see as your retirement goes on, how well you have really done. Congrats again.<br />Live well and prosper, my friends.<br />Live well and prosper.<br />CindiAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-62797031029379930642017-05-10T11:25:10.164-04:002017-05-10T11:25:10.164-04:00I totally hear you. I work for a public utility s...I totally hear you. I work for a public utility so it's a little different than your average corporation. <br /><br />The Cash Balance Plan part can be taken as a lump sum when I retire, which is great! But the "make-them-whole like a defined benefit plan" part has to be taken as an annuity, which is fine by me. I realize I am lucky to not only have a pension still, but to have a company who made ours better than it was (even though legally probably not good for them to have different valued benefits for some employees vs. other employees). <br /><br />Whatever, the situation has made it so we will be much better prepared for retirement than had they not monkeyed around with it. <br /><br />Now I just have to finish paying for kids' college (1 year left for one, 2 left for the other) and paying off the house and we will be golden. <br /><br />You are an inspiration to us all!!<br /><br />Yours, DeeCeeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-35175247329351791082017-05-10T10:39:35.720-04:002017-05-10T10:39:35.720-04:00WOW! I am speechless! You both did a FANTASTIC J...WOW! I am speechless! You both did a FANTASTIC JOB preparing for this - I am definitely in awe and have a renewed in excitement about saving for retirement!Jenniferhttps://www.blogger.com/profile/02863887265545701157noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-52175152695414553392017-05-10T10:17:29.949-04:002017-05-10T10:17:29.949-04:00Thanks Ms. Moreless. Once you get the house paid ...Thanks Ms. Moreless. Once you get the house paid off your money will loosen up as long as lifestyle inflation doesn't creep in. I know we could have saved more if I had worked full time but that's not how it worked out or what we planned.slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-14272170383054695372017-05-10T10:15:49.323-04:002017-05-10T10:15:49.323-04:00I wish there was blogging/internet when I was youn...I wish there was blogging/internet when I was younger and working our plan. You've only seen the last 6 years or so years of the process. We've gotten some lucky breaks too along the way.slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-69116753722152731402017-05-10T10:14:24.697-04:002017-05-10T10:14:24.697-04:00Doesn't feel that young but I'll take it. ...Doesn't feel that young but I'll take it. lolzslugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-62576338641027618232017-05-10T10:14:01.839-04:002017-05-10T10:14:01.839-04:00Thanks Jeanie. What we did for many years has pai...Thanks Jeanie. What we did for many years has paid off.slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-74054255633584976272017-05-09T21:47:03.468-04:002017-05-09T21:47:03.468-04:00Sluggy, I really like those numbers and appreciate...Sluggy, I really like those numbers and appreciate your honesty. Inspiring post! Congrats again! Ms. Morelesshttps://www.blogger.com/profile/05254210551387134202noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-35761336459471550542017-05-09T19:28:58.451-04:002017-05-09T19:28:58.451-04:00That post was not tedious at all, just interesting...That post was not tedious at all, just interesting. I have been watching since you started your blog, watching all the ways you have been working to this end. Congrats!Lindahttps://www.blogger.com/profile/14991571309786149363noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-19721362164831820992017-05-09T18:57:07.155-04:002017-05-09T18:57:07.155-04:00You have all your ducks in a row and have managed ...You have all your ducks in a row and have managed to do it so young! Anne in the kitchenhttps://www.blogger.com/profile/01533249631969001657noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-1398125699977049022017-05-09T18:43:00.765-04:002017-05-09T18:43:00.765-04:00I've wondered that too. I really miss her blo...I've wondered that too. I really miss her blogging! Lucyhttp://www.adimeatatime.comnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-34015814567278939962017-05-09T18:35:43.189-04:002017-05-09T18:35:43.189-04:00Jeanie pats Sluggy on the back, too. What an outs...Jeanie pats Sluggy on the back, too. What an outstanding job!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-76601679804719081352017-05-09T16:03:27.496-04:002017-05-09T16:03:27.496-04:00I am at the far end of retirement--husband passed ...I am at the far end of retirement--husband passed away and living in a very nice retirement community. What has happened to the Thrifty Millionaire? I was just getting used to her new site when she disappeared again.Carolehttps://www.blogger.com/profile/06202514109858932036noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-1509711683125978292017-05-09T15:28:58.681-04:002017-05-09T15:28:58.681-04:00Yes, we have to wait until Oct. to access the 401K...Yes, we have to wait until Oct. to access the 401K monies. We can handle 3 months using cash & savings to supplement the annuity payments during that time. If we are careful during this time though we may not even need to tap the savings. Time will tell.<br /><br />Hubs work did away with their traditional pension too but those working there at that time had the option of staying in the pension or taking a big pile of $ the company offered and investing that. It's the way the business world has changed in corporate America. <br />But with all these formerly blue chip companies going under and not being able to pay pensions fully(at least there are the ERISA safeguards)I'd rather not be beholden to the company paying us a pension in perpetuity but rather be directing our own funds. But that's just me.....slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-46477771781367779932017-05-09T15:25:16.607-04:002017-05-09T15:25:16.607-04:00Hi Sluggy, this is Chris. Thank you for being tran...Hi Sluggy, this is Chris. Thank you for being transparent with us about your retirement situation. Congratulations! I know you have worked hard for this. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-6663490116264392722017-05-09T14:44:57.526-04:002017-05-09T14:44:57.526-04:00Great job you guys! You are by far much better pre...Great job you guys! You are by far much better prepared than a good portion of your fellow-Americans, as I'm sure you are aware. Hats off to you!<br /><br />Question though, I thought your said Hubs is just recently turning 59. You have to be 59.5 to pull money from your 401k without penalty right? So you won't be able to tap that for 6 more months.<br /><br />I have a pension, but back in the late 90s my company switched it to a Cash Balance Plan (i.e. robbed it!). What a stinker. I've been here 25 years and it only has $167K in it. Because of that I started socking every penny I could into my 401k. Luckily after being bought by another company, which had the traditional defined benefit plan, management saw it in their small hearts to amend our plan so it was more equal to their defined benefit plan. So now it is much better. And my 401K is nicely funded as well.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-57068591273580016162017-05-09T14:40:47.892-04:002017-05-09T14:40:47.892-04:00Thanks Penny S. Now the hard part begins....Thanks Penny S. Now the hard part begins....slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-79329488021108666582017-05-09T14:40:14.451-04:002017-05-09T14:40:14.451-04:00Thanks Lucy! What a long strange trip it's be...Thanks Lucy! What a long strange trip it's been, to quote a guy.....slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-41279299345225591192017-05-09T14:38:44.728-04:002017-05-09T14:38:44.728-04:00Very little of the "Cash & Savings" ...Very little of the "Cash & Savings" is actual cash. Most is in interest bearing CDs or bonds but it is easily liquidated if needed. Being so close to retirement we have done a gradual pull-out of the stock market. We prefer to have no exposure there once retired....with our savings level we don't see the benefit outweighing the losses in a market correction.<br /><br />It's strange to think of myself as a millionairess but I guess I am...until we need to start spending it down. lolzslugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-12854013861312939412017-05-09T14:35:19.323-04:002017-05-09T14:35:19.323-04:00Yes we have! And thanks....Yes we have! And thanks....slugmamahttps://www.blogger.com/profile/12728856166374248591noreply@blogger.comtag:blogger.com,1999:blog-1611711622146875201.post-90915068281880066692017-05-09T14:04:30.673-04:002017-05-09T14:04:30.673-04:00Good job! I am not a fan of the annuity, but your...Good job! I am not a fan of the annuity, but your money, your choice. It seems you have a lot of cash on hand. Is it just in savings, or do you have laddered CDs?<br /><br />How does it feel to be a millionairess? I expect a picture of you with a monocle, drinking out of a martini glass! Mr. Millionairehttps://millionaireyet.wordpress.comnoreply@blogger.com