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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (24461)	3/8/2016 9:35:34 PM
From: Steve Felix	3 Recommendations Recommended By ekimaa JimisJim Mannie Read Replies (1) \| Respond to of 34328

OT - Hi Jim. I'm not going to panic. Getting within a year of SS just made me realize that we won't be taking money from my IRA unless something catastrophic happens, and if it comes to that, there will be something much bigger to worry about. I probably have some more cuts coming, but I also have some cash. Putting some distance between myself and the market has been a lot like retiring, when you begin to wonder how you ever had time to work. Spent the day sitting my grandson. I bowed out to come home and take care of the dog while the wife gave him a bath and put him to bed. Helped him catch his first fish today. Good times and lots of pictures. Back at it as soon as I can get the dog for a walk in the morning, until tomorrow night when the in laws take a spell. Took a nap when he took one as his only setting is nonstop. Taking my old work buddy I invest for to Thursdays session three of the ACC tournament at the Verizon Center in DC. He is a big Duke fan, so hopefully they win Wednesday night. If so, we will see the Tarheels play at noon and Duke at two o'clock. If not, he said he will just be glad to see the Heels. He has never been to a Div. 1 college game. Seats are court level, seven rows back. He isn't happy that I am buying, but if Duke wins Wed., how many times will we be able to go and see both of our teams play? I could have saved a good $300 getting seats in the deck above, but thought that we would only get this opportunity once. When I get some time, looking to work up a sheet to keep on track with my original income goal: Message 28686843 month after taxes Looking back, these numbers need adjusted up. Who did the math on this? lol! 2014 $14,120 2015 $14,825 2016 $15,350 2017 $16,110 2018 $16,915 Starting from my base Jan. 1st 2010, it will work out to over 10% yoc in ten years, what DVK was aiming for. Speaking of DVK, I don't think his real goal was ever 10% yoc in ten years. I think his goal was to make a set of rules to follow, and not upset the "crowd". You don't just throw a goal away with 25% of your time left. If I gave up on goals as easily as he has, I wouldn't have paid my first house off when I did, and started saving money toward land while the wife became a stay at home mom in 1979. When this land came up for sale in 1980, I had $6000 saved. ( inflation adjustment calc: What cost $6000 in 1980 would cost $17403.07 in 2015. ) At $27,500, the bank was adamant it would lend me no more than $20,000 on unimproved land. Pretty sure I about tapped the old man out for $1000, and if I remember correctly, I saved the other $500 before settlement. I know I didn't borrow it. Maybe I robbed a bank. lol! True, I am not as anal about money as I used to be, but I always saw setting goals and hitting them somewhat like dividend investing. Compounding your way up, by paying the least amount in interest, something that weighs on many people. I sort of always saw it as a consumption tax, where the sooner you paid, the bigger the discount. I suppose it is just not in my nature to understand shrugging off a goal so easily, even if it is in no way "life altering".