- Great progress on simplification and now incrementally refining.
- Ability to retire comfortably.
- Live off returns from assets and keep the base.
- We have all the major items we want.
- Complete the divorce and pay off house and boat.
- Work via SFS Consulting (our company) for a few years as long as its fun (abt $170k/yr).
- Donating time to environmental organizations.
- Complete/update the family history to pass on to kids.
- Hobbies include boating/fishing/crabbing and water related.
- Some travel either via boat or van each year.
- Integration with partner Jules house and assets/expenses over next year (abt $1M).
Plan
| Budget | Value | Factor | Annual | Action | |
|---|---|---|---|---|---|
| Monthly | |||||
| House | 3,500 | 12 | 42,000 | V E | |
| Boat | 700 | 12 | 8,400 | V E | |
| Food | 500 | 12 | 6,000 | V E | |
| Health Insurance | 500 | 12 | 6,000 | V E | |
| HOAs | 425 | 12 | 5,100 | V E | |
| Entertainment | 250 | 12 | 3,000 | V E | |
| Electrical | 200 | 12 | 2,400 | V E | |
| Video Servcies | 200 | 12 | 2,400 | V E | |
| Internet (Breezeline) | 100 | 12 | 1,200 | V E | |
| Verizon (Phone) | 80 | 12 | 960 | V E | |
| Quarterly | |||||
| Estimated Taxes | 7,500 | 4 | 30,000 | V E | |
| QAC Utilites | 450 | 4 | 1,800 | V E | |
| Annual | |||||
| Travel | 10,000 | 1 | 10,000 | V E | |
| Boat Gas | 2,000 | 1 | 2,000 | V E | |
| Gifts | 2,000 | 1 | 2,000 | V E | |
| Car Insurance | 1,500 | 1 | 1,500 | V E | |
| Boat Insurance | 1,000 | 1 | 1,000 | V E | |
| Boat Maintenance & Storage | 900 | 1 | 900 | V E | |
| Boat Slip | 550 | 1 | 550 | V E | |
| --- | --- | --- | 127,210 | --- | |
| Asset | Value | ROR | Income | Action |
|---|---|---|---|---|
| WF - Brokerage | 702,000 | 5.0 | 35,100 | V E |
| Home - Oyster Cove | 650,000 | 0.0 | 0 | V E |
| FID - Tektronix 401k | 617,000 | 5.0 | 30,850 | V E |
| ML - IRA (Ron) | 328,000 | 5.0 | 16,400 | V E |
| Home - Bee Tree Mill Settement | 270,000 | 0.0 | 0 | V E |
| Home - Hilltop Road | 250,000 | 0.0 | 0 | V E |
| FID - BD 401k | 210,000 | 5.0 | 10,500 | V E |
| ML Taxable | 197,000 | 6.0 | 11,820 | V E |
| CSA Medical 401k | 151,000 | 5.0 | 7,550 | V E |
| WF - Brokerage IRA | 104,000 | 5.0 | 5,200 | V E |
| BOAT - Sportsman 232 | 100,000 | 0.0 | 0 | V E |
| ML - IRA Roth (Ron) | 64,000 | 5.0 | 3,200 | V E |
| FID - Tektronix Cash Balance | 50,000 | 5.0 | 2,500 | V E |
| Social Security | 36,000 | 100.0 | 36,000 | V E |
| WF - Crown Banking 0721 | 28,000 | 0.0 | 0 | V E |
| Auto - Jeep Wrangler | 20,000 | 0.0 | 0 | V E |
| Boat - Fishing (Weldcraft) | 10,000 | 0.0 | 0 | V E |
| ML - Visa Cash Account | 3,000 | 0.0 | 0 | V E |
| WF - IRA | 1,000 | 5.0 | 50 | V E |
| WF - Everyday checking 4183 | 1,000 | 0.0 | 0 | V E |
| Auto - Utility Trailer | 1,000 | 0.0 | 0 | V E |
| WF - Savings 4569 | 500 | 4.0 | 20 | V E |
| General | 0 | 0.0 | 0 | V E |
| Total | 3,793,500 | --- | 159,190 | --- |