ORAggieFan said:

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Pretty much all stocks and in my 40s. But, there is no way I'll be happy with 3-4% returns. That is many years of less retirement.

Once you have enough, get a great financial advisor and let them be smart with it.

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HECUBUS said:

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2025

Date, not a number. Passed the number, just waiting to get the last kid through High school. That date might move. I like my work, but feel we should travel before we're too old. How much money do you want to leave your kids in a world where starter homes are seven figures?

Salaries are 4X what they were in 1991, homes 10x.

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LMCane said:

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ORAggieFan said:

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Pretty much all stocks and in my 40s. But, there is no way I'll be happy with 3-4% returns. That is many years of less retirement.

Once you have enough, get a great financial advisor and let them be smart with it.

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I met with a manager at Merrill Lynch Wealth Management in Maryland last friday.

still not sure it's worth turning over 10% of my AUM over a decade just so they can put me into 7% private realty funds.

that's over $110,000 of the portfolio over a decade.

are they going to outperform what I have done on my own up to this point by $110,000 over a decade?

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BoDog said:

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Im 47 and retired back in January. I am living off a decent chunk of change at 5% interest plus incoming producing commercial real estate. Just holding on a few more years to graduate my kids from private school then its smooth sailing. Their tuition along with BS health insurance is what kills me every month.

My smartest play was putting $250k in bitcoin when it was at $16k. I will cash out when it gets to $76k. I expect that to happen by mid October.

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GenericAggie said:

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LMCane said:

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ORAggieFan said:

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Pretty much all stocks and in my 40s. But, there is no way I'll be happy with 3-4% returns. That is many years of less retirement.

Once you have enough, get a great financial advisor and let them be smart with it.

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I met with a manager at Merrill Lynch Wealth Management in Maryland last friday.

still not sure it's worth turning over 10% of my AUM over a decade just so they can put me into 7% private realty funds.

that's over $110,000 of the portfolio over a decade.

are they going to outperform what I have done on my own up to this point by $110,000 over a decade?

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This resonates with me. I can't figure out why I would move money to a wealth management firm. I've ask firms their philosophy on moving from from growth equities to other forms of revenue as we age, and I've yet to receive a strong answer.

7% REIT and then what is their cost to manage? 1%? So, it's not 7%. It's 15% (estimated) less than that and that doesn't include other fees from the fund.

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LMCane said:

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HECUBUS said:

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2025

Date, not a number. Passed the number, just waiting to get the last kid through High school. That date might move. I like my work, but feel we should travel before we're too old. How much money do you want to leave your kids in a world where starter homes are seven figures?

Salaries are 4X what they were in 1991, homes 10x.

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I don't have kids so my goal is to pass with nearly 0 in the bank...

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Hoyt Ag said:

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I had an advisor with RJ for a few years but I fired them early last year. I never saw the value and I have done well since managing things myself. I think if you have a complicated estate it may be worth the investment, but mine is simple. Makes me so pissed I waste the money on next to nothing.

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AG N ASIA said:

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Number was 8-10M when I was in my forties. I am over $10 now liquid and additional in real estate that I view more as an expense than an investment. Plan to be between 12 and 13 when I retire at 62 in early 2026. I really enjoy my job and always planned to retire at 62 so no need to stop now.

For those asking how I did it. Lived below my means in house, car, etc... and fully utilized company benefits putting 20% plus company match in 401k. Keeping debt to minimum (just mortgage) and did not take excessive risks in stock market, but did keep over 95% of assets in stock equity.

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