Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Retiring
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="GlockPride" data-source="post: 3303479" data-attributes="member: 12153"><p>Good point on the insurance. Sounds like you have some strong numbers to work with on your plan. That’s great and it’s clearly taken patience, planning and sacrifice. I listen to a lot of financial people and have become quite the student of finance outside of work and firearms. The number I’ve heard pushed lately should look like 3.5-3.75% of total investment taken as income before taxes as a withdraw point if you don’t want to eat up principle and wish to leave something behind. The factor comes from an average semi-conservative rate of return of 8ish %, less 4% being eaten up by inflation. Really, to “grow” your principle your rate or return should be around 10-12%, but there are a number of years that is hard to achieve, maybe not this year though. </p><p>Definitely recommend to those that have not, to reach out and connect with a financial advisor. Those that are versed can really help navigate some of the financial rules/laws, taxes and investments. Yes, the cost $ but a great one should net you many times over what you pay. Recommend checking out your RIQ with Chris Hogan or looking up your local smartvestor pro on Dave Ramsey.com. They are tons of good podcasts out there too. </p><p>If you don’t manage your money, it’ll manage you. Also, if you’re local to Tulsa or OKC and would like a personal recommendation, please pm me and I can send some contacts.</p></blockquote><p></p>
[QUOTE="GlockPride, post: 3303479, member: 12153"] Good point on the insurance. Sounds like you have some strong numbers to work with on your plan. That’s great and it’s clearly taken patience, planning and sacrifice. I listen to a lot of financial people and have become quite the student of finance outside of work and firearms. The number I’ve heard pushed lately should look like 3.5-3.75% of total investment taken as income before taxes as a withdraw point if you don’t want to eat up principle and wish to leave something behind. The factor comes from an average semi-conservative rate of return of 8ish %, less 4% being eaten up by inflation. Really, to “grow” your principle your rate or return should be around 10-12%, but there are a number of years that is hard to achieve, maybe not this year though. Definitely recommend to those that have not, to reach out and connect with a financial advisor. Those that are versed can really help navigate some of the financial rules/laws, taxes and investments. Yes, the cost $ but a great one should net you many times over what you pay. Recommend checking out your RIQ with Chris Hogan or looking up your local smartvestor pro on Dave Ramsey.com. They are tons of good podcasts out there too. If you don’t manage your money, it’ll manage you. Also, if you’re local to Tulsa or OKC and would like a personal recommendation, please pm me and I can send some contacts. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Retiring
Search titles only
By:
Top
Bottom