I think the difference between you and many is how much you helped your children and it didn’t impact your retirement. Many can’t afford to do so. Having said all this, I believe my wife and I feel similar to you. Travel won’t be that big of a deal if we go or don’t. We’re in our fifties and can’t stand a flight longer than 5 hours. As long as we don’t have to take a lifestyle cut, anything more is gravy. Lucky, I believe this is more than possible for us based on our saving and future pensions like you.
Did something similar with my son who graduated close to the same time. Not as detailed as you and my proposal was Roth. He continued to add and is now making too much for the Roth IRA but continues at his company’s Roth 401k. As you noted, the “kids” did well this past 9 years or so. My hope is that the flexibility this creates for them is what’s most important as it’s many years down the road for retirement.
Surprised to see another Filipino, even more an author of one of the articles I’ve read. Born in the PI but coming here at the age of one, I have an interesting perspective of my parents. I’m glad your dad asked for help. I’m sure it set them up well and you also as it would have been a nightmare to try and fix this during much more difficult times.
Thanks for sharing. I have a special needs son as well and my dream for him is very similar to you. In some ways, my son is “high functioning” but in other ways, still needs a lot of guidance. He currently lives in a group home with a lot of oversight but is getting opportunities that may allow future work. Many may appreciate what you wrote today. I truly understand.
Great article like usual. I appreciate you simplifying very complex subject matter. I forwarded this article to my son who is turning 31 next month. These are the types of things I talk to him about but it's great to know that it's not only his "know it all" dad that's speaking the same truth.
Love the article and its message. I'm younger but have always "worried" about the future. It's probably in my nature being a CPA and always thinking about what could go wrong. My wife has not been engaged in our finances no matter how much I try to get her involved. I have a letter as others have stated below in my shared drive with my family. The thing about simplifying is something I highly consider but more looking for retirement planners than someone who could do my investments only. Can you share why you didn't go with a full-blown retirement person? Thanks.
I’ve tried to learn as much as I can about retirement but am still working. My plan is to retire in about 5 years. Your article in my opinion shows that you have good plans that you continue to tweak. For what it’s worth, you seem to be killing it.
You’ve perfectly described where I’m trying to be with my special needs son. I was so moved by this article that I read it to my wife. Something I rarely do. Thanks for writing this.
Comments:
What a great story. I’m glad I clicked on it. Gave me great feelings of what life can be with good friends.
Post: After All These Years
Link to comment from June 26, 2024
I think the difference between you and many is how much you helped your children and it didn’t impact your retirement. Many can’t afford to do so. Having said all this, I believe my wife and I feel similar to you. Travel won’t be that big of a deal if we go or don’t. We’re in our fifties and can’t stand a flight longer than 5 hours. As long as we don’t have to take a lifestyle cut, anything more is gravy. Lucky, I believe this is more than possible for us based on our saving and future pensions like you.
Post: Not That Person
Link to comment from June 26, 2024
Your situation sounds amazing even for someone that drives.
Post: Life After Cars
Link to comment from June 22, 2024
Did something similar with my son who graduated close to the same time. Not as detailed as you and my proposal was Roth. He continued to add and is now making too much for the Roth IRA but continues at his company’s Roth 401k. As you noted, the “kids” did well this past 9 years or so. My hope is that the flexibility this creates for them is what’s most important as it’s many years down the road for retirement.
Post: Go Big Early
Link to comment from June 22, 2024
Surprised to see another Filipino, even more an author of one of the articles I’ve read. Born in the PI but coming here at the age of one, I have an interesting perspective of my parents. I’m glad your dad asked for help. I’m sure it set them up well and you also as it would have been a nightmare to try and fix this during much more difficult times.
Post: Facing the Truth
Link to comment from June 19, 2024
Thanks for sharing. I have a special needs son as well and my dream for him is very similar to you. In some ways, my son is “high functioning” but in other ways, still needs a lot of guidance. He currently lives in a group home with a lot of oversight but is getting opportunities that may allow future work. Many may appreciate what you wrote today. I truly understand.
Post: Do Who You Are
Link to comment from June 12, 2024
Great article like usual. I appreciate you simplifying very complex subject matter. I forwarded this article to my son who is turning 31 next month. These are the types of things I talk to him about but it's great to know that it's not only his "know it all" dad that's speaking the same truth.
Post: Five Seasons
Link to comment from March 27, 2024
Love the article and its message. I'm younger but have always "worried" about the future. It's probably in my nature being a CPA and always thinking about what could go wrong. My wife has not been engaged in our finances no matter how much I try to get her involved. I have a letter as others have stated below in my shared drive with my family. The thing about simplifying is something I highly consider but more looking for retirement planners than someone who could do my investments only. Can you share why you didn't go with a full-blown retirement person? Thanks.
Post: Making It Easy
Link to comment from March 2, 2024
I’ve tried to learn as much as I can about retirement but am still working. My plan is to retire in about 5 years. Your article in my opinion shows that you have good plans that you continue to tweak. For what it’s worth, you seem to be killing it.
Post: Rookie Year
Link to comment from February 7, 2024
You’ve perfectly described where I’m trying to be with my special needs son. I was so moved by this article that I read it to my wife. Something I rarely do. Thanks for writing this.
Post: Stop the Fussing
Link to comment from February 1, 2024