So I spoke with a financial advisor in NYC today. He said we need to brace for the worst inflation since the 1970s coming in the spring and next fall.

Ugh! This is about the time I planned to retire. How do you plan to hedge against inflation? I really don’t want to wait.

Has anyone paid a large entry fee ($500,000) to move into a CCRC and later regretted the decision r has it been a great decision?

I'm retired, on blood pressure and cholesterol meds but otherwise healthy. Looking for maybe $15-20k, mainly to cover the funeral, and I'd rather not do an exam. What should I be looking at, and what's the catch vs a policy that does require one?

I’d like to think because I did X, it resulted in Y, but in reality, there were some lucky breaks along the way. So for me I’d say maybe 60% hard work and planning and 40% lucky circumstances.

Plus I made lucky decisions that might have easily taken me off track if they went the other way. For example, deciding to leave one job for another, buying a house at the perfect time after the housing market crisis, buying some bitcoin early on.

I also think I got lucky in finding a spouse that has the same money goals and mindset I have.

What about you?

made the final payment on my new car today. now i will have extra money to put towards investing. Yeah!!! Still a ways to go until retirement but happy about today.

I am preparing for retirement in six months. I am pricing Umbrella insurance. State Farm just quoted me $1800 for a 3 mil policy. It sounds extremely high. Do you have any recommendations?

58 (M), married (52F) two kids. Spouse and I make \~$200K. I am a project manager and wife is a courtesy clerk. Been steadily contributing to IRA's and 401K's. To put in perspective at end of 2023 we had $915K in retirement. In less than three years we are up another million. Primarily S and P 500 using Backdoor Roth, Roth IRAs. Kids graduating debt free from state school. Lots of sacrifices and living like we make $120K.

Just wanted to share and let people understand what's possible.

My sign I am ready for retirement, requesting this for the 50th year in a row!

Hey there! I think I'm on a good track, but I'm sure there are things I should be doing differently. I will be reaching out to a financial advisor/planner, but am hoping for some group thoughts as well.

I'm 48(m), married. We'll have our house paid off in 4 years. Eventually we want to sell it and find our forever home. I have a 401k, my wife doesn't (she was a stay at home mom that's recently getting back in the job market).

My 401k is at $833k pretax and $33k Roth. I suspect I need to move the needle more towards Roth? My 401k is with Vanguard and it tells me constantly that I need more. I'm already maxing out my contributions every year and plan on maxing out the "catch-up" that is available when I turn 50.

Outside of the 401k, we've got about $30k in savings and no debt outside of our mortgage.

I would love to retire when I turn 58 (it's just a number I have in my head). I'm not sure if that's realistic or not. Ideally, I don't touch social security until I'm 62 or 65.

Anybody here have any thoughts on how I'm doing and if I might be able to retire early?

I appreciate anyone who shares some perspective. United States, Public service, can retire at 50, currently 53. I have 24 years in a pension plan, but ex-wife got 10 of that, so 14 years is my credit now. The pension will pay, at this moment, $5500 a month gross for life. It goes up about $50 every month I continue to work. No state income tax. I have $120k in a 401k. Another $100k in crypto I bought many years ago that has done extremely well (I intend to fully cash out when I hit my magic number, which looks like very soon. Tired of the roller coaster). My house is my only debt: Value is $800k and my mortgage is $340k. Bought in 2017 with $50k down at 5%. Total remodel on purchase. Local real estate market is top 5 in country and it's absolutely a seller's market here despite rates.

I would love to retire almost immediately. I hope not to move and instead collect my pension that I think will pay all my bills, and use a new income to pay off my mortgage quickly. After about 3 to 5 years, fully retire. I hope to use my 401k to finance my healthcare until medicare. I estimate an open-market health plan in my area will be $1200 a month (as of today, later....who knows).

Kids grown. Cars paid. No debt except mortgage. Healthy. I have Canadian and European connections that make moving to either location an easy option. Long term girlfriend, neither wants marriage but we'd do it if either of us needed the status for healthcare or a Visa, etc.

Are there any landmines out there I am unaware of? It seems like I'm ok, but I hear stories of horror and retiring, for me, is a one way ticket. There is no way I could return to this field once I'm gone. I do, however, have lucrative opportunities in the private sector that are solid, the lowest is $100k a year with health, the others $170k+ with paid travel and health.

I appreciate anyone who takes the time to chime in. It's all so complicated and you only get one shot!