01-01-2022, 08:07 PM
(This post was last modified: 01-01-2022, 08:07 PM by ken-do-nim.)
(01-01-2022, 04:54 PM)cemanuel Wrote: Yes, I always say I have three raises coming in retirement:
age 62 - SS eligibility - not a guarantee I take it but I could
65 - Medicare
67 - Mortgage paid off
If the 6% div increase happens each of the next 3 years and inflation settles down AND my budgeting before retirement approximates what I actually spend, then by 62 I'll be about where I need to be re living off dividend income alone from my taxable account.
But I could decide I need more than one BAT - Big-Ass Trip - each year or something.
My goal for 2022-23 is to ramp my Vacation account savings up to $7200 annually to take 1 BAT and several smaller ones a year. If I were retired I'd probably want 3 large and 9 small; one a month
I had never thought about "retirement raises" before; I like that term. In my next decade of life, at some point, child support will drop off. My mortgage doesn't get paid off until I'm 77 though
