Early Retirement Extreme Forums

The bridge is tricky. Not sure if you saw this, but IRS changed the 72t rules pretty significantly early this year - it's a much more attractive option now. https://www.cnbc.com/2022/03/03/new-irs-rule-offers-higher-penalty-free-withdrawals-for-early-retirees.html I hadn't seen that, thanks. But I ...

May 2022 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,212,800
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $692,978 @ 2.75% fixed

Net:$2,669,822

Getting soooo close. If the markets would just recover a bit from the recent dip, you'd be well past your minimum required amount of $3 million. I assume you won't drop everything at work and walk away once your net worth reaches $3 million (although definitely a good life can be had on that amount...

April 2022 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,188,697
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $694,293 @ 2.75% fixed

Net:$2,644,403

March 2022 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,349,965
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $695,610 @ 2.75% fixed

Net:$2,804,355

Getting close to the original goal of $3-4M - have y'all thought at all about what reducing work would look like now that you're getting closer? Has it changed over time? Also, see that groceries went up quite a bit. Was curious if you ever sussed out the drivers behind that; we are looking to get ...

February 2022 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,259,855
Estimated Home Worth: $1,150,000

Liabilities:
Mortgage: $696,918@ 2.75% fixed

Net:$2,712,937

Insanely wonderful accumulation progress! I mean this in the least offensive way possible, but as someone who consumes in a month what many here do in a year, what do you hope to get out of this community? Hello there. No offense taken. We know we spend a lot (relatively speaking). My intentions fo...

January 2022 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,330,507
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $698,227@ 2.75% fixed

Net:$2,745,280

Annual Update MedSaver gross W2 income 2021: $977,769 (2020: $532,499), up 84%. Net income 2021: $499,775 (2020: $312,696), up 44%. Monthly net: $37,481 Mrs. MedSaver gross W2 income 2021: $169,696 (2020: $160,713), up 6%. Net income 2021: $22,153 (2020 $21,960) Monthly net: $1,846 A very strange ye...

DutchGirl wrote: ↑

Sat Oct 30, 2021 9:44 am

Nice. You're getting closer to your first goal of $3 million liquid - maybe a year more or so? How do you feel about that?

Feels pretty much the same after a while. But nice to know we are closer to being able to exit the rat race if we want/need to.

November 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,272,736
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $700,800 @ 2.75% fixed

Net:$2,684,936

October 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,271,365
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $702,100 @ 2.75% fixed

Net:$2,682,265

September 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,161,951
Estimated Home Worth: $1,113,000

Liabilities:
Mortgage: $703,433 @ 2.75% fixed

Net:$2,571,518

DutchGirl wrote: ↑

Tue Aug 17, 2021 1:24 am

I just noticed now that you reached $2 million in investments a couple of months ago; nice!

Yup. Chuggin' along.

August 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,158,713
Estimated Home Worth: $1,092,600

Liabilities:
Mortgage: $704,714 @ 2.75% fixed

Net:$2,546,599

July 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,093,331
Estimated Home Worth: $1,075,500

Liabilities:
Mortgage: $706,000 @ 2.75% fixed

Net:$2,462,831

June 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $2,042,408
Estimated Home Worth: $1,068,000

Liabilities:
Mortgage: $707,386 @ 2.75% fixed

Net:$2,403,022

white belt wrote: ↑

Thu Apr 29, 2021 11:13 pm

What are your goals once you reach FI?

We aren't entirely certain. Travel more, volunteer, go part time.

May 2021 Update

Assets:

IRA/Brokerage/403b/457/cash: $1,858,212
Estimated Home Worth: $1,015,000

Liabilities:
Mortgage: $708,588 @ 2.75% fixed

Net:$2,164,624