04-03-2021, 08:16 AM
(This post was last modified: 04-03-2021, 08:17 AM by ken-do-nim.)
Yeah this is a great forum! The last forum I was on used to be great for a while, but it died. Instead of legitimate posts, it got taken over by bots and advertisements. It was a more general financial forum, and other topics like "what to do with the inheritance I just got" and "should I rent or buy" came up frequently. But yeah, one of the nice things here is that we seem to have people in various stages of the journey. I see posts where people are celebrating their first dividend payments, and others where people celebrate getting $60k in dividends a year. (So far $60k in dividends is the tops I've seen anyone mention.)
As to the 3 million goal, it does partly depend of course on how much rent I'm bringing in and whether I get a part-time job in retirement, and whether I have a spouse providing me health insurance or not. I have an ambitious travel schedule lined up for my 60s, including visiting most of the National Parks. I hear the glaciers in Glacier National Park are melting, so I will probably prioritize that one before it becomes a thing of the past, like the local "Old Man of the Mountain" in New Hampshire that is gone.
Using the "AT&T rule", which means that its yield will dictate my overall yield goal when I retire (as opposed to the standard '4% rule'), with some stocks yielding lower and some stocks yielding higher, not that it means I'm putting it all into AT&T, 3 million x 0.0683 = $204,900 a year, which would be great.
As to the 3 million goal, it does partly depend of course on how much rent I'm bringing in and whether I get a part-time job in retirement, and whether I have a spouse providing me health insurance or not. I have an ambitious travel schedule lined up for my 60s, including visiting most of the National Parks. I hear the glaciers in Glacier National Park are melting, so I will probably prioritize that one before it becomes a thing of the past, like the local "Old Man of the Mountain" in New Hampshire that is gone.
Using the "AT&T rule", which means that its yield will dictate my overall yield goal when I retire (as opposed to the standard '4% rule'), with some stocks yielding lower and some stocks yielding higher, not that it means I'm putting it all into AT&T, 3 million x 0.0683 = $204,900 a year, which would be great.