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UPS Retirement Topics
Ask A Retired Person, Retirement FAQ. ( ON TOPIC )
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<blockquote data-quote="olroadbeech" data-source="post: 2288291" data-attributes="member: 52145"><p>we did hours and hours of research online before we were confident about going out. we spoke to several financial "advisors" and really had no confidence in them. each one had a different answer. each one told us we needed a certain amount to go out. one said a million, one said a million five. and so on.</p><p></p><p>so it took ol fashion hard work ( own research ) and common sense. I read all kinds of articles from WSJ, Money magazine, John Bogle ( founder of Vanguard ) , Dave Ramsey , and many others.</p><p></p><p>it came down to common sense . we have always lived below our means and we were not going to change that in retirement. we already had over 7 figures in net assets; 401k, IRA's, stocks, cash , and the house. </p><p></p><p>we knew from recording every expense for several years that we could live on the pension alone and even have a surplus. if an emergency came up we could dip into the 40ik and Ira's. with social security a couple years away , that will just be the icing on the cake.</p><p></p><p>it really wasn't hard looking back at it. just planning and implementing the plan.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 2288291, member: 52145"] we did hours and hours of research online before we were confident about going out. we spoke to several financial "advisors" and really had no confidence in them. each one had a different answer. each one told us we needed a certain amount to go out. one said a million, one said a million five. and so on. so it took ol fashion hard work ( own research ) and common sense. I read all kinds of articles from WSJ, Money magazine, John Bogle ( founder of Vanguard ) , Dave Ramsey , and many others. it came down to common sense . we have always lived below our means and we were not going to change that in retirement. we already had over 7 figures in net assets; 401k, IRA's, stocks, cash , and the house. we knew from recording every expense for several years that we could live on the pension alone and even have a surplus. if an emergency came up we could dip into the 40ik and Ira's. with social security a couple years away , that will just be the icing on the cake. it really wasn't hard looking back at it. just planning and implementing the plan. [/QUOTE]
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