10Mês
What is your financial plan for over 55s and what stage are you at now? I'm 52 myself and I'm always interested in what others are thinking about as inspiration.
•
44
•
@Solitair My goal was always to reduce my time in any offices from then on at the latest. My monthly fixed costs should be paid through dividends. Working 3 days a week would be perfect, so that the money I earn "only" has to cover what I consume myself.
Independence is the magic word - from my job, any liabilities such as loans or property (I don't want to rule this out). That's why, for my current situation, I like the stock market and the opportunities it offers.
With the gains from the last few years (since 2004) I am currently at +14.7% per year (assets, cash + stock market) If I continue to calculate this, I will be in 7 figures in 3 years and still have 2 more years. Of that, 3% - 3.5% dividends (2.7% currently) will hopefully make a difference.
Independence is the magic word - from my job, any liabilities such as loans or property (I don't want to rule this out). That's why, for my current situation, I like the stock market and the opportunities it offers.
With the gains from the last few years (since 2004) I am currently at +14.7% per year (assets, cash + stock market) If I continue to calculate this, I will be in 7 figures in 3 years and still have 2 more years. Of that, 3% - 3.5% dividends (2.7% currently) will hopefully make a difference.
•
11
•10Mês
@finanzperpetuum However, 14.7% per year is an ambitious return target. Personally, I don't even dream of such a return and cautiously assume that it might work out sometime between 60 and 65 with seven figures.
This year I am at 6.7 (i.e. what is shown when you go to YTD in the chart). As my job isn't particularly strenuous and I can do it almost 100% from home, I'm not planning to retire early, apart from that I'd like my full pension.
When you say you want to pay your fixed costs from dividends, are you planning to bequeath your capital stock? After all, additional withdrawals would also reduce the dividends.
This year I am at 6.7 (i.e. what is shown when you go to YTD in the chart). As my job isn't particularly strenuous and I can do it almost 100% from home, I'm not planning to retire early, apart from that I'd like my full pension.
When you say you want to pay your fixed costs from dividends, are you planning to bequeath your capital stock? After all, additional withdrawals would also reduce the dividends.
••
@Solitair Inheritance? Knowledge yes, money not necessarily. But that's exactly what the arithmetic will be - are dividends enough, does something need to be withdrawn, what will the pension be worth a few years later. Pension is also such a carrot in front of your nose 🙂
I can also work 100% from home, but I could still imagine doing other things. Getting out into the fresh air, enjoying nature, skiing, cycling, taking more photos. I'll find something.
It's crazy that I can even think about something like this, I really appreciate it. I grew up behind the iron curtain, I know that there can also be other problems.
On and on it goes 🤓
I can also work 100% from home, but I could still imagine doing other things. Getting out into the fresh air, enjoying nature, skiing, cycling, taking more photos. I'll find something.
It's crazy that I can even think about something like this, I really appreciate it. I grew up behind the iron curtain, I know that there can also be other problems.
On and on it goes 🤓
•
11
•