amdx wrote:
On 1/6/2018 10:42 PM, wrote:
On Sat, 6 Jan 2018 22:35:27 -0500, Alex wrote:

amdx wrote:

and hey, how about the stock market?

I should do well under the new tax law, looks like I'll qualify for
the pass thru, knocking off 20% of my business income from being
taxable.
and a Standard deduction of $24k, what's not to like.
I'll will lose two child deductions, but I would have lost one
anyone, she's getting married.

Mikek

My 401K hit seven figures shortly after President Trump was elected and
has grown even more. I'll have to see how it affects my paycheck. The
new rates won't be active until next month. If this continues I might
be able to retire at 55!



===

I've been moving into more conservative, and more diversified assets
in anticipation of a market pull back. I'd suggest keeping your job a
bit longer if you enjoy what you're doing. Inflation becomes a real
risk once you stop working.


Inflation and Healthcare costs are big concerns when contemplating
retirement.
If you can withstand market downturns* back testing shows having
80% plus invested in stocks/mutual funds will result in the highest
ending NW.
Here are two retirement calculators. Firecalc is my favorite.
You can input data and within an hour you will figure all the inputs
that you want to adjust. It's pretty simple but powerful.
The back testing is taking your portfolio and investing it in 1871
and following it 30 years with you withdrawing income each year. Then
graphing it. Then repeating this starting in 1872. This is done every
year until the present. All the lines are presented on one Graph, any
line that dips below zero is a failure. Then you need to decide are
you comfortable with a 96% chance of portfolio success. 1973 and 1974
were
bad times to retire with a portfolio. Info on the website.
https://www.firecalc.com/

CfireSim is another, many people like it as well, but I found it more
difficult to use, Maybe because I started with Firecalc and liked it
so well. I think it might be a little more detailed.
http://www.cfiresim.com/


If you have any questions about Firecalc, ask me.

Mikek
* if you have enough money to generate enough income to get you through
the downturn, in the end you will have more money if you invest a
higher percentage in the market, 80% plus. This is using historic data,
will history repeat?



I've played with similar calculators in the past. I'll give these a try.

Thanks!