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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.

 

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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
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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!

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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
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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.
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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+.

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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.

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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.  

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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.

 

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Posted
23 hours 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.  

Makes sense but I don’t see a problem with some funds in high(er) yield dividend funds. I don’t mean chasing 10% yields but a solid ~4% on some of your bankroll isn’t bad. IMO.

i have about 10% of my investable assets in dividend stocks/funds. Not only do I like to reinvest the dividends, I find that when the dividend increases annually, the price somewhat rises by the same percent in a trend towards the previous yield. Dividends increase by 4%, you get that 4% price increase as well. I generally avoid dividends that don’t increase annually.

finally dividend investing has a game like feel. Say I want the avg monthly dividend to go up $5, I transfer over $1500 to buy a 4% yield. Perhaps I would spend that otherwise. $5 doesn’t buy you anything but repeat that buy regularly over a few years and it’s a decent amount. And you can still sell the funds if you want.

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Posted

Happy Paycheck Monday to all who celebrate. We are at the halfway point through the year. Where are you on your goals? Did they change?
Have not began to plan my summer vacation but will have 2+ weeks to blow through soon, thinking the sargassum/seaweed in Mexico should taper off by September, but will take any feedback.

Posted
51 minutes ago, StassneyHorn said:

Happy Paycheck Monday to all who celebrate. We are at the halfway point through the year. Where are you on your goals? Did they change?
Have not began to plan my summer vacation but will have 2+ weeks to blow through soon, thinking the sargassum/seaweed in Mexico should taper off by September, but will take any feedback.

Still just chugging along dollar cost averaging 2-3k into index funds once a month. Commission season starts in about a month so that will be fun.

Posted
On 6/21/2025 at 8:43 AM, Nice Guy Eddie said:

Makes sense but I don’t see a problem with some funds in high(er) yield dividend funds. I don’t mean chasing 10% yields but a solid ~4% on some of your bankroll isn’t bad. IMO.

i have about 10% of my investable assets in dividend stocks/funds. Not only do I like to reinvest the dividends, I find that when the dividend increases annually, the price somewhat rises by the same percent in a trend towards the previous yield. Dividends increase by 4%, you get that 4% price increase as well. I generally avoid dividends that don’t increase annually.

finally dividend investing has a game like feel. Say I want the avg monthly dividend to go up $5, I transfer over $1500 to buy a 4% yield. Perhaps I would spend that otherwise. $5 doesn’t buy you anything but repeat that buy regularly over a few years and it’s a decent amount. And you can still sell the funds if you want.

So, I've been researching this every single day for going on two weeks.  I'll eat crow and admit I am changing my tune.  My MIL recently passed away and my wife inherited all her assets.  Since we want to minimize taxes on the inherited retirement funds, she is moving her mom's retirement to an inherited IRA.  You have to drain it completely within 10 years but can do it on any schedule you like.  We are putting a nice chunk in SPYI so that we can enjoy that dividend income.  We will use it to offset my daughter's out of state tuition, which aligns perfectly with what my MIL would like since she was an instructor at ACC.  SPYI dividends are also qualified so they're at the 15% rate which is also nice.  When we retire in 6-7 years, we will not draw our own retirement until she cashes in the inherited IRA to minimize our total income and taxes those first couple of years. 

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Posted
On 12/31/2024 at 4:04 PM, bborange said:

1.  Max most of my 401K in the first 3 months of the year then lower take out percentage through the year to get full max contribution from employer.

2.  Get 6 plus gain in market

3.  Save 75K plus in cash by lowering expenses

4.  Last day of work at worst December 31st 2025 for retirement. 

1.  Done in first 60 days this year.  Now doing minimum to get employers match. 
2.  Just need a bit more than one point to hit 6% this year.  Pushed out a lot of interest money to next year for lower tax rates. 
3. About 15k away so looking to increase the amount. 
4.  Still on target to retire in my 50’s at the end of this year. 

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Posted
2 hours ago, CooterBrown said:

So, I've been researching this every single day for going on two weeks.  I'll eat crow and admit I am changing my tune.  My MIL recently passed away and my wife inherited all her assets.  Since we want to minimize taxes on the inherited retirement funds, she is moving her mom's retirement to an inherited IRA.  You have to drain it completely within 10 years but can do it on any schedule you like.  We are putting a nice chunk in SPYI so that we can enjoy that dividend income.  We will use it to offset my daughter's out of state tuition, which aligns perfectly with what my MIL would like since she was an instructor at ACC.  SPYI dividends are also qualified so they're at the 15% rate which is also nice.  When we retire in 6-7 years, we will not draw our own retirement until she cashes in the inherited IRA to minimize our total income and taxes those first couple of years. 

Don't get me wrong in that I'm completely opposed to someone putting everything in dividend stocks. If you do then you miss out on growth stocks. Diversification of growth and dividends is the right idea and its fair that someone can determine their best mix.

You can find dividend investing "experts" who will demonstrate the strategy of going with >10% yield stocks. This is a great idea until it's not. You can argue it's superior to growth stocks. Who doesn't want a 20% yield with 15% tax rates after 2 months of ownership, but when that company eventually lowers or suspends their dividend, the price will tank and you're left with low value stock and no dividend. I like companies who have consistently raised their net income and dividends. But I also love growth companies that don't pay dividends.

 

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Posted
6 hours ago, bborange said:

1.  Done in first 60 days this year.  Now doing minimum to get employers match. 
2.  Just need a bit more than one point to hit 6% this year.  Pushed out a lot of interest money to next year for lower tax rates. 
3. About 15k away so looking to increase the amount. 
4.  Still on target to retire in my 50’s at the end of this year. 

That's great! A few questions for you.

1. When you say max out your 401K, do you mean putting in $31K (including the catchup?)

3. What are you doing with the $75K that you're saving? What kind of investment are you putting it into? Or stuffing it in a coffee can?

4. Do you have any dependents?

Posted
1 minute ago, Superhero said:

That's great! A few questions for you.

1. When you say max out your 401K, do you mean putting in $31K (including the catchup?)

3. What are you doing with the $75K that you're saving? What kind of investment are you putting it into? Or stuffing it in a coffee can?

4. Do you have any dependents?

1. Max on mine at 31k.   Wife retired in Q1, but only had 16K saved on hers.  I had nice income from last year that was paid in a bonus. Allowed me to hit my 401k hard and I held out the max for my wife could before she retired.  
 

3. Keeping that in high yield money markets and will offset living expenses with dividends/interest next year for income.  Need to keep Low enough for ACA subsidy.   
 

4. Wife only. 

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Posted

work until i die, probably.... then my wife and sons will burn through more money than i ever thought I'd have.

I'm at a point where the idea of buying (and running) an existing business is starting to sound right. not quite a goal yet, but could be soon.

 

good luck, yall.

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Posted

My financial goal for 2025 was to hit $4M in liquid assets. If the market stays static from here until the end of the year, we should be cruising past that number by the early fall.

Looking towards the end of 2025:

  1. Increase my 401K contribution % to absolutely, positively make sure I reach the $31K. I probably don't need to, but getting there faster never hurts.
  2. Stop renovating the damn house. In the past 4 years, we've redone the kitchen, replaced the windows, and renovated the upstairs baths. Everything looks great, but it'll be great to stop writing checks as well.
  3. I need to set up auto transfers from savings to my brokerage account so it doesn't just sit there in cash. After our bonuses last month, we have a pile that's being lazy and needs be put to work.

The plan is still to keep working until my boy finishes college. With any luck, we should be in the 8-digit range by then.

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Posted
My financial goal for 2025 was to hit $4M in liquid assets. If the market stays static from here until the end of the year, we should be cruising past that number by the early fall.
Looking towards the end of 2025:
  1. Increase my 401K contribution % to absolutely, positively make sure I reach the $31K. I probably don't need to, but getting there faster never hurts.
  2. Stop renovating the damn house. In the past 4 years, we've redone the kitchen, replaced the windows, and renovated the upstairs baths. Everything looks great, but it'll be great to stop writing checks as well.
  3. I need to set up auto transfers from savings to my brokerage account so it doesn't just sit there in cash. After our bonuses last month, we have a pile that's being lazy and needs be put to work.
The plan is still to keep working until my boy finishes college. With any luck, we should be in the 8-digit range by then.

You and I seem to be on similar paths.
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Posted
2 hours ago, Superhero said:

My financial goal for 2025 was to hit $4M in liquid assets. If the market stays static from here until the end of the year, we should be cruising past that number by the early fall.

Looking towards the end of 2025:

  1. Increase my 401K contribution % to absolutely, positively make sure I reach the $31K. I probably don't need to, but getting there faster never hurts.
  2. Stop renovating the damn house. In the past 4 years, we've redone the kitchen, replaced the windows, and renovated the upstairs baths. Everything looks great, but it'll be great to stop writing checks as well.
  3. I need to set up auto transfers from savings to my brokerage account so it doesn't just sit there in cash. After our bonuses last month, we have a pile that's being lazy and needs be put to work.

The plan is still to keep working until my boy finishes college. With any luck, we should be in the 8-digit range by then.

Number 2 hits close to home. In the last couple of years we’ve done exterior painting, remodeled two bathrooms, kitchen, windows, upgraded the sprinkler system, and a new roof but insurance paid most of that. Part of this is because we deferred a lot of projects when I wasn’t making as much and now we can afford them.

We need to paint the interior of the house then probably be done. It will be great to throw all that extra money in the market.

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Posted (edited)

Painters will move furniture around.

 

Forgot I also painted most of the inside of the house along with the renovation, and the HOA made me paint the exterior. We've probably put $200K into this house in the past 10 years.

Edited by Superhero

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