Comments on: Monitoring Your Financial Independence http://investorjunkie.com/2354/monitoring-your-financial-independence/ My Business and Financial Freedom Journey Sat, 19 May 2012 08:21:06 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Financial Independence Principles | Money Smart Life http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-2450 Financial Independence Principles | Money Smart Life Mon, 05 Jul 2010 14:40:20 +0000 http://investorjunkie.com/?p=2354#comment-2450 [...] Monitoring Your Financial Independence @ Investor Junkie [...] [...] Monitoring Your Financial Independence @ Investor Junkie [...]

]]> By: Money Funk http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-823 Money Funk Sat, 17 Apr 2010 00:01:45 +0000 http://investorjunkie.com/?p=2354#comment-823 Great metric. Thx Sam. <em>Can I borrow some money to bring my retirement up to par?</em> ;) Great metric. Thx Sam. Can I borrow some money to bring my retirement up to par? ;)

]]> By: Investor Junkie http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-791 Investor Junkie Tue, 13 Apr 2010 12:28:39 +0000 http://investorjunkie.com/?p=2354#comment-791 I'm in the same boat as you are. Two children with a third on the way. An expensive investment indeed! I'm in the same boat as you are. Two children with a third on the way. An expensive investment indeed!

]]> By: Investor Junkie http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-790 Investor Junkie Tue, 13 Apr 2010 12:27:13 +0000 http://investorjunkie.com/?p=2354#comment-790 Hey Darwin, I've already discussed the college education bubble as a guest post on Consumerism Commentary: <a href="http://www.consumerismcommentary.com/2010/03/30/the-college-education-bubble/" target="_blank">http://www.consumerismcommentary.com/2010/03/30/t...</a> Though I am with you. I am going down the path of saving for our children. I'm am putting money in NY state's 529 (which is NYS tax deducible, and uses Vanguard as the manager so not bad), IBonds and adding money to our Roth IRAs (which can be taken out of without penalty, just fed taxed) I personally don't think the rise in college education can last and other viable alternatives will exist to get a better ROI with the child. Hey Darwin,

I've already discussed the college education bubble as a guest post on Consumerism Commentary:
http://www.consumerismcommentary.com/2010/03/30/t…

Though I am with you. I am going down the path of saving for our children. I'm am putting money in NY state's 529 (which is NYS tax deducible, and uses Vanguard as the manager so not bad), IBonds and adding money to our Roth IRAs (which can be taken out of without penalty, just fed taxed)

I personally don't think the rise in college education can last and other viable alternatives will exist to get a better ROI with the child.

]]> By: Darwin's Finance http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-783 Darwin's Finance Tue, 13 Apr 2010 02:47:21 +0000 http://investorjunkie.com/?p=2354#comment-783 Another big consideration (if you plan on doing this and if you have them...) is kids' college expense. Many people reading this blog will probably make too much to qualify for federal tax credits and not every kid's going to win a scholarship. We have three kids and at 6-8% annual tuition inflation, it's about the same present value as today's money then, even if invested in risky assets like stocks. So, basically, I need to have about $300-$400K set aside (in today's dollars) within 13 years to put my kids through even a decent state school with room and board factored in. So, definitely throw that in the assessment if putting your kids through school is a priority. Another big consideration (if you plan on doing this and if you have them…) is kids' college expense. Many people reading this blog will probably make too much to qualify for federal tax credits and not every kid's going to win a scholarship. We have three kids and at 6-8% annual tuition inflation, it's about the same present value as today's money then, even if invested in risky assets like stocks. So, basically, I need to have about $300-$400K set aside (in today's dollars) within 13 years to put my kids through even a decent state school with room and board factored in. So, definitely throw that in the assessment if putting your kids through school is a priority.

]]> By: Evan http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-781 Evan Mon, 12 Apr 2010 20:07:43 +0000 http://investorjunkie.com/?p=2354#comment-781 IJ, I'd love to check out a clean pre-made Excel! Post it up there IJ,

I'd love to check out a clean pre-made Excel! Post it up there

]]> By: Investor Junkie http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-776 Investor Junkie Sun, 11 Apr 2010 13:51:46 +0000 http://investorjunkie.com/?p=2354#comment-776 Good metric to measure! Good metric to measure!

]]> By: Samurai http://investorjunkie.com/2354/monitoring-your-financial-independence/#comment-775 Samurai Sun, 11 Apr 2010 13:45:25 +0000 http://investorjunkie.com/?p=2354#comment-775 Just one, and that is using the Capital to Income ratio and age. 3X for age 30 5X for age 35 12X for age 60 i.e at 30, have 3X your income as liquid reserves for retirement. Just one, and that is using the Capital to Income ratio and age.

3X for age 30

5X for age 35

12X for age 60

i.e at 30, have 3X your income as liquid reserves for retirement.

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