Jump to content

Recommended Posts

Posted

Gentle men and strong women… and even the in-between, I am giddy to wish you all another Happy paycheck Friday. 
 

I wish all of you a focused, purposeful budget in this non-mortgage paycheck where we will all irresponsibly dump into our wishes and dreams into long shots that WILL win.

Israel/Iran/whotf actually cares. Buy the dip and find a hot middle easterner to celebrate with.

 

IMG_0954.jpeg

  • Haha 1
Posted
On 6/12/2025 at 11:59 AM, jdhorn92 said:

9 is a pretty nice number..if im interpreting correct, 30K per mo. income at 4% would be a nice income stream.  Im shooting for about 2/3 of that and retire in 7 (i'd be 62, with all 3 kids out of school) 

$30K/month is future dollars. Gotta figure taxes and inflation.


Target is $10K/month in current dollars without social security, which I’m not counting on. And out of the $10K, also gotta pay for health insurance since Medicare will be done as well. 

Posted

We are targeting $7M. Wife will probably retire in a year or two. I’ll keep working for 6 more years. After that - I’ll retire until I’m bored and then work fun jobs to pass the time.

Posted (edited)
19 hours ago, StassneyHorn said:

Gentle men and strong women… and even the in-between, I am giddy to wish you all another Happy paycheck Friday. 
 

I wish all of you a focused, purposeful budget in this non-mortgage paycheck where we will all irresponsibly dump into our wishes and dreams into long shots that WILL win.

Israel/Iran/whotf actually cares. Buy the dip and find a hot middle easterner to celebrate with.

 

IMG_0954.jpeg

StassneyHorn likes body hair.

Noted.

 

 

Also,

2, 1

Edited by Superhero
  • Haha 2
Posted

I hope that anyone who is north of $5m isn't waiting too late to enjoy life. Earning $30K per month is great when you're 65 but you don't want to wait that long to enjoy it.

I'm turning 56 this year and the SS actuarial tables (https://www.ssa.gov/oact/STATS/table4c6.html) give me a median of 23 years left. If I look backwards, 23 years ago doesn't feel that long ago.

Happy thoughts for a Monday!

  • Hook 'Em 2
  • Like 1
Posted (edited)

Anyone north of 5 million but doesn’t have dividend income should check out SPYI, QQQI, IWMI, or even BTCI.  15% yield in first 3 and the last one is a bitcoin fund with 30%. They give you money monthly

https://neosfunds.com/

Napkin math- 15% of 1 million is 150k. Divide by 12 months is $12,500.

 

Edited by StassneyHorn
  • Hook 'Em 1
  • Like 1
Posted
I hope that anyone who is north of $5m isn't waiting too late to enjoy life. Earning $30K per month is great when you're 65 but you don't want to wait that long to enjoy it.
I'm turning 56 this year and the SS actuarial tables (https://www.ssa.gov/oact/STATS/table4c6.html) give me a median of 23 years left. If I look backwards, 23 years ago doesn't feel that long ago.
Happy thoughts for a Monday!

I’m working till at least 51 (4 more years). My kid is starting high school in the fall, so really no need to stop before then. At 51, we should be fine or the market doesnt exist anymore and we are trading ammo for food.
  • Hook 'Em 1
  • Haha 1
Posted
5 hours ago, Nice Guy Eddie said:

I hope that anyone who is north of $5m isn't waiting too late to enjoy life. Earning $30K per month is great when you're 65 but you don't want to wait that long to enjoy it.

I'm turning 56 this year and the SS actuarial tables (https://www.ssa.gov/oact/STATS/table4c6.html) give me a median of 23 years left. If I look backwards, 23 years ago doesn't feel that long ago.

Happy thoughts for a Monday!

Ill be 56 in March of next year.  By most calculators, a portfolio will double every 10 years at 7% or 7 years at 10%.  Im banking on somewhere in the middle.   Throw in some inherited $ and perhaps sell the current hacienda to downsize....add in SS, of which I fully expect,   we may be just right. 

Of course my whole deal is based on a pre-tax yield of 4% in retirement...I may can get to $200K  a year.  My company has a pension, but its real hush hush....we were a startup 28 years ago and 3 OG's (including my boss) announced retirement and tell me they are getting paid , though they are sworn to secrecy.  It's a handshake deal, but its real according to them..im guessing its a % of salary (not total pay) for life.  That would bump me well over $200K pre-tax,  good lord willing, without having to touch principle.

However RMD will eat into principle with taxes being huge hit.  Just grinding away, been at same job 27 years and industry 30+.

  • Hook 'Em 1
Posted
1 hour ago, jdhorn92 said:

Ill be 56 in March of next year.  By most calculators, a portfolio will double every 10 years at 7% or 7 years at 10%.  Im banking on somewhere in the middle.   Throw in some inherited $ and perhaps sell the current hacienda to downsize....add in SS, of which I fully expect,   we may be just right. 

I'm going with 5.5%. Tech stocks have been great the past 10 years, but I'll be selling those to buy more bonds which have a lower yield.

 

FWIW, I asked my son what he wanted to buy with the allowance he earned the past year... a Playstation 5? MetaQuest?  Nope, he wanted to buy a something that follows the S&P index. He's 10 years old. I'm proud of him. So proud that I opened up an account for him and his sister this morning and funded it with $1,000. Now they both have a share of VOO, AMZN and AAPL.

  • Hook 'Em 4
  • Like 1
Posted
18 hours ago, Superhero said:

I'm going with 5.5%. Tech stocks have been great the past 10 years, but I'll be selling those to buy more bonds which have a lower yield.

 

FWIW, I asked my son what he wanted to buy with the allowance he earned the past year... a Playstation 5? MetaQuest?  Nope, he wanted to buy a something that follows the S&P index. He's 10 years old. I'm proud of him. So proud that I opened up an account for him and his sister this morning and funded it with $1,000. Now they both have a share of VOO, AMZN and AAPL.

Very nice.  Good job dad 

Posted
On 6/16/2025 at 12:36 PM, StassneyHorn said:

Anyone north of 5 million but doesn’t have dividend income should check out SPYI, QQQI, IWMI, or even BTCI.  15% yield in first 3 and the last one is a bitcoin fund with 30%. They give you money monthly

https://neosfunds.com/

Napkin math- 15% of 1 million is 150k. Divide by 12 months is $12,500.

 

Dividend income isn't free money. I'd rather just invest in solid index funds and withdraw my 5% a year. Funds that just chase ever increasing dividend payouts generally underperform index funds.  

  • Like 2
Posted
On 6/16/2025 at 5:12 PM, Superhero said:

FWIW, I asked my son what he wanted to buy with the allowance he earned the past year... a Playstation 5? MetaQuest?  Nope, he wanted to buy a something that follows the S&P index. He's 10 years old. I'm proud of him. So proud that I opened up an account for him and his sister this morning and funded it with $1,000. Now they both have a share of VOO, AMZN and AAPL.

My kid got her first part-time job in '24.  I didn't tell her but I started a Roth IRA for her and contributed the full $7,000.  I will do that every year until she graduates college.  That'll be her college graduation gift. 

  • Hook 'Em 3
  • Like 1
  • Fuck Around and Find Out 1
Posted
1 hour ago, CooterBrown said:

Dividend income isn't free money. I'd rather just invest in solid index funds and withdraw my 5% a year. Funds that just chase ever increasing dividend payouts generally underperform index funds.  

I think the biggest hurdle is selling shares vs keeping your current shares and cashing in the dividends.

Posted
On 6/16/2025 at 5:12 PM, Superhero said:

FWIW, I asked my son what he wanted to buy with the allowance he earned the past year... a Playstation 5? MetaQuest?  Nope, he wanted to buy a something that follows the S&P index. He's 10 years old. I'm proud of him. So proud that I opened up an account for him and his sister this morning and funded it with $1,000. Now they both have a share of VOO, AMZN and AAPL.

Username checks out, in a good way, for the first time in Surly history.

Posted
18 minutes ago, Larry T. Spider said:

I think the biggest hurdle is selling shares vs keeping your current shares and cashing in the dividends.

My concern is that a lot of these high dividend funds just haven't been around long enough to get a good sense of true performance. Maybe when I retire in 7 years, I'll completely change my tune and move a large amount into SPYI, for example.  I just have a hard time doing it with only 2 1/2 years of data available for back testing. 

Posted
2 hours ago, CooterBrown said:

My kid got her first part-time job in '24.  I didn't tell her but I started a Roth IRA for her and contributed the full $7,000.  I will do that every year until she graduates college.  That'll be her college graduation gift. 

My understanding is you can contribute up to $7k/yr to a custodial Roth IRA as long as the kid is earning at least $7k/yr. Is that accurate?

Posted
2 hours ago, B00M said:

My understanding is you can contribute up to $7k/yr to a custodial Roth IRA as long as the kid is earning at least $7k/yr. Is that accurate?

She's 18 so it's in her own Roth.  Yes, She made $9K so she (I) could contribute the full $7K.

 

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...