Goals and Strategies
Website Mission
To document my journey towards taking control of my financial future and achieving my life goals.
Annual Goals
- Grow forward annual passive income at a minimum rate of 12.5%
- Save $2,500 emergency cash
Pre-Retirement Goals
- Passive income equal to 57% of annual expenses by Age 53
Retirement Goals
Passive income equal to 115% of annual expenses by Age 60
By age 60 have an emergency cash CD ladder as follows:
- 6 month CD - 8% of expenses
- 12 month CD – 8% of expenses
- 18 month CD – 9% of expenses
- 24 month CD – 9% of expenses
- 36 month CD – 18% of expenses
- 48 month CD – 18% of expenses
Buy a retirement home in a warmer climate
- Use total return investing strategy to meet purchase goal
- Mild winters (average winter temps near 30F or higher)
- Good soil environment for gardening
- Located within 10 miles of a lake with good fishing
- Hospital is no more than 20 minutes away
- Safe area for taking long walks
Enough retirement income to support a retirement lifestyle for:
- Gardening
- Fishing
- Coin Collecting
- Reading (self-education and entertainment)
- Maintaining website(s)
- Going out to eat twice a week
- Traveling to see family and friends minimum of 6 times a year
page revision: 22, last edited: 01 Jan 2019 13:33