Pretty stoked today... retirement account

[mmmmm...beer 691]

Hit a 19.56% rate of return on the year so far.... just a short and curlie from the previously thought unatainable 20%! Really should be no problem mayne even snagging it before Nov is up!

 

My goal at the beginning of the year was to get 12%... got that awhile ago. Then I was hoping for 15.. it just kept moving.

 

Man.. pretty stoked. A 20% rate of return is killer...

 

Thank you engineer nerd in Okinawa who figired out this strategy calc..

[Bier Meister 1,513]

how many years until you are playing shuffleboard in boca?

[mmmmm...beer 691]

how many years until you are playing shuffleboard in boca?

Seven until my minimum @ age 50. Right now I can tell you there's not much chance you'll catch me at work (at this job at least) past Dec. 31st, 2024.

 

So the magic # is 15%... if a guy can maintain a 15% rate of return for the next 7 years, team beer will be Geek Club rich in his retiremet account.

[mmmmm...beer 691]

Probably old hate for most of you, but I recently learned about the "Rule of 72".

 

The 'Rule of 72' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.

 

So say I had 100k in my retirement account and got a consistant 10% rate of return. It would take me;

 

72/10 = 7.2 years to double my money @ 10% with no new monies added.

 

So if I can maintain 20%? Yeah 3.6 years...

 

Anyway.. sorta cool for a bonehead like me.

[BLS 313]

Look at MEEEE. I'm rich and living off the taxpayers!

 

[Filthy Fernadez 2,696]

I'm at 15.06% for my 12 month performance. I don't move my money at all but stay in a fund where they blend it depending on market trends.

[Gladiators 1,904]

I'm at 20.93% ROR for 1 year for my main account.

 

Plan with previous employer is at 23.26% for 1 year.

 

Doesn't mean anything to me though. I don't plan on retiring for a long time.

[Filthy Fernadez 2,696]

I'm at 20.93% ROR for 1 year for my main account.

 

Plan with previous employer is at 23.26% for 1 year.

 

Doesn't mean anything to me though. I don't plan on retiring for a long time.

 

Hopefully you continue that amazing return.

 

I'm retiring at 62 so I got 12.5 years left.

[Gladiators 1,904]

Thanks, and same to you.

 

Double digits in the black is always great to see.

[iam90sbaby 2,122]

Dont forget to tell them how you sold all your Ethereum and Bitcoin back in August, OOPS!

[IGotWorms 3,310]

Wow, that's great. I may have to actually pay attention to your rants about this TSP strategy

[edjr 5,556]

Rate of Return

+13.17%

best one was

FA INTL GROWTH A (FIAGX) 25.39%

 

[edjr 5,556]

Just checked my social security account for the hell of it

 

 

Social Security Statement

A Message from the Acting Commissioner:

Your Social Security Statement...

Estimated Benefit at Full

Retirement age (67):

$2,684 a month

 

 

 

 

Is that taxed?

[mmmmm...beer 691]

Just checked my social security account for the hell of it

 

 

Is that taxed?

Ya.. ain't that some sh!t.

[mmmmm...beer 691]

Wow, that's great. I may have to actually pay attention to your rants about this TSP strategy

Hrrmmm... Worms what am I to do with you? Sigh...

 

1 year PIP 23.36%... my wife has been seperated from the gov since Sept 2016. Since then she's not had anything going into her TSP account. Just doing that strategy I sent you Worms she started with 39,000 in there, and shes about 200 short of 50,000 now.

 

Using the calculators on TSP.gov... if she never adds another dime and I can maintain what the average rate has been with this program, when she hits 59.5 and can draw it, we should close to geekclub rich in there just with hers.

[bandrus1 413]

my YTD is 16.7%... almost feels too good

 

just looked at 1 year... 23.3 wow

[edjr 5,556]

Ya.. ain't that some sh!t.

 

da fuq.

[Patriotsfatboy1 1,432]

Just checked my social security account for the hell of it

 

 

 

Is that taxed?

 

Don't worry. By the time you reach retirement, SS will be insolvent, so you won't have to worry about paying taxes on that money (since you won't get it).

[edjr 5,556]

 

Don't worry. By the time you reach retirement, SS will be insolvent, so you won't have to worry about paying taxes on that money (since you won't get it).

 

[iam90sbaby 2,122]

 

Don't worry. By the time you reach retirement, SS will be insolvent, so you won't have to worry about paying taxes on that money (since you won't get it).

 

Even if they get rid of it I don't think it would go down like that. I think they would say if you were born after X date you are the last round of people receiving SS benefits, if you are before you are focked. I'm probably focked but ed is probably alright, right?

[edjr 5,556]

 

Even if they get rid of it I don't think it would go down like that. I think they would say if you were born after X date you are the last round of people receiving SS benefits, if you are before you are focked. I'm probably focked but ed is probably alright, right?

 

I am hoping at worst, they raise the age to 70, which will be 2042 for me (born in 72)

[Patriotsfatboy1 1,432]

 

Even if they get rid of it I don't think it would go down like that. I think they would say if you were born after X date you are the last round of people receiving SS benefits, if you are before you are focked. I'm probably focked but ed is probably alright, right?

 

Ed's focked.

[Reality 2,710]

It's been a good year to say the least...

 

Rate of Return*

Year to Date

19.31%

(01/01/2017 to 11/21/2017)

[iam90sbaby 2,122]

 

I am hoping at worst, they raise the age to 70, which will be 2042 for me (born in 72)

 

Definitely should be raised if they keep the program.

 

So I just learned that the life expectancy in 1935 when SS was created was 61 years old. The average age people retired was 65. Seems like they never wanted to pay most people in the first place. Now the average life expectancy is 79 and if we use the logic they used when they created it it would mean we wouldn't get SS until we were 80 y/o, which couldn't seem like more of a rip off.

[WhiteWonder 2,171]

Hit 21.5% after yesterday and that's with mismanaging it early in the year and nit being more heavily invested in my preferred large cap fund. Should have been closer to 27%

[Filthy Fernadez 2,696]

 

 

Just checked my social security account for the hell of it




Is that taxed?

I'm going at 62 but here are the numbers:

At full retirement age (67): $2,923 a month

 

At age 70: $3,638 a month

 

At early retirement age (62): $2,007 a month

[bandrus1 413]

where do you check your SS account info?

[Filthy Fernadez 2,696]

where do you check your SS account info?

 

https://www.ssa.gov/myaccount/lp/landing-page-rome.html

 

Upper right corner Sign Up/Sign In

[supermike80 1,285]

401k transferred to an IRA shows 18.55%

Current employer 401K is at 16.85%

 

Wife is over 20% for the year.

[Filthy Fernadez 2,696]

So as I understand it correctly, if you take the early retirement (62) you'll collect $120,420 ($2,007 x 12 x 5) by the time you reach FRA (67) and $192,672 ($2,007 x 12 x 8) by the time you reach age 70. If you expect to live long after 70, then wait. If not, go early and take the money on the table.

My family isn't known for living very long. Along with a decent retirement about $60k/year + 401k draw (hoping to hit $500k by 62) + SS $2007/month I should not really notice any difference in current lifestyle.

[Patriotsfatboy1 1,432]

 

So as I understand it correctly, if you take the early retirement (62) you'll collect $120,420 ($2,007 x 12 x 5) by the time you reach FRA (67) and $192,672 ($2,007 x 12 x 8) by the time you reach age 70. If you expect to live long after 70, then wait. If not, go early and take the money on the table.

My family isn't known for living very long. Along with a decent retirement about $60k/year + 401k draw (hoping to hit $500k by 62) + SS $2007/month I should not really notice any difference in current lifestyle.

 

 

Until you get put in a home where they take all of your money.

[Filthy Fernadez 2,696]

 

Until you get put in a home where they take all of your money.

 

I plan on going out by ramming into a bridge abutment or something of that nature.