09-23-2021, 08:15 PM
(09-23-2021, 03:42 PM)fenders53 Wrote:(09-23-2021, 02:34 PM)ken-do-nim Wrote:Ladies purses can be spendy but they are important to them. My wife is not extravagant but she really wanted a Coach purse when the brand first got hot. I searched for a legit online seller and got a $450 retail purse for about $300. That was twenty years ago. She used it for 5 years and my teen daughter used it a few years after that. If you are ever near a high end golf pro shop, or a fly fishing shop you need to visit it and see what men waste money on. I'm cheap so I spend $250-$300 on a fly rod. They weigh two ounces. The latest astronaut grade composites will set you back $1000 so you can wade in a stream and catch two pound trout, and then release them. My Alaskan bucket list trips cost me $5K. Swatted mosquitos, smelled like a goat and caught a couple King Salmon. You can't take it with you so enjoy something.(09-23-2021, 01:32 PM)fenders53 Wrote:(09-23-2021, 01:24 PM)ken-do-nim Wrote:Long way to go before anything is settled. Your income level isn't the primary target so there is hope most of our retirement tools will remain(09-23-2021, 12:40 PM)divmenow Wrote: Added a little more ADBE and FB. Just going small into tech as I barley have any lol. Buying the ones that are down from the highs lol
2022 may be the last year I have to contribute to my ROTH ira considering that legislation has been proposed to eliminate the backdoor ira conversion. I'm thinking using the $6k conversion in February for Facebook is the way to go.
As an aside, I was in a department store yesterday and my friend inquired about a pocketbook - $300! Very humbling to think there are enough of my fellow Mass residents who make purchases at that price that such a store can stay in business.
Wow! Now, a trip costing $5k doesn't sound so bad. I set aside $6k every year for the vacation fund, though the hope is that covers 1 large and 2-3 small trips. It never occurred to me that fishing would be so expensive. Golf, that makes sense.
I will never live a life of luxury. If I reach that magic $3 million goal at age 60 and have a 4.5% yield (in dividend growers, so it can keep up with inflation), that's $135,000/year. But given inflation between now and then, that would be like earning $100,000 now; which would be tight unless I pay off my mortgage too. And I'm hearing social security will be at 2/3 of what it should be when I will be needing it (grrr).