essmallwood@yahoo.com

Comments:

• reply to Matt Morse Another rule of thumb is to have 11 times your annual salary saved in retirement assets. In my experience, this is much easier to achieve than accumulating 25 times your annual expenses. As a result, I aimed for the 25 x annual expense because it IS harder to achieve and made more sense to me and ties nicely into the 4% withdrawal rate. Another challenge with this metric is the fact that you would have to know what your actual expenses are. How do you know? You have to track each expense month in and month out. A lot of work, but it can be done, and it provides an individual target that is suitable for their personal situation for savings and expenses. Unfortunately, as others in this thread have alluded to - it is a BIG number.

  Post: RDQ says ignore those big scary numbers

  Link to comment from August 22, 2024

• Great article! Your comments along with other's has inspired me to begin writing my own Letter of Last Instruction.

  Post: If I Go First

  Link to comment from April 30, 2024

• All of us on the Humble Dollar have reaped the rewards to your discovery of the site in 2018! Similar to you, I too still get up early every morning, but unlike you, I sleep in an extra hour compared with when I work, and don't get out of bed until 05:00

  Post: Retiring on My Terms

  Link to comment from March 4, 2024

• Very Timely information while we still have time to take action. January 1, 2026 is looming for this issue

  Post: Give Early and Often

  Link to comment from February 22, 2024

• Our family has been through this with both sets of parents, and my sister-in-law. We got very lucky because the service for our in-home hospice service was truly outstanding, and they were sensitive to the familys needs and answered all questions.

  Post: Dying at Home

  Link to comment from August 9, 2023

• There is nothing wrong with "bottom shelf" whiskey if you are a humble dollar reader. On the other hand, I enjoy premium bourbons when visiting my brother....

  Post: The Proof You Need

  Link to comment from June 23, 2023