Hi! I really appreciate any feedback, even if it amount to "hire a financial consultant dumbass."
I work in IT at a successful company. We've had 300% growth in our share price the past 5 years with plenty of room to grow. I'm married and rent an apartment for 2900 a month.
Our asset breakdown looks like this:
50k in cash savings
40k in vested stock options and RSUs
100k in unvested options and RSUs
7k in dividend sin stocks, cigarettes mostly
200k in 401k being maxed out each year.
Debt: $0. Student loans are paid off as well as our cars.
I make around 170k a year and my wife makes 65k. I have around a 90% chance of getting stock options every year worth around 30k. I participate in an ESPP with 10% of my income getting the stock at a 15% discount. As I said before we both max our 401k's.
I personally consider myself very fortunate. We live well within our means, spending most of our extra income on travel and seeing friends. I don't need a nice car, we largely rely on public transit and I'm going to drive my 2006 Nissan Altima another 10 years hopefully. We eat out once a week, but otherwise cook at home, however these nights out average $150 or so. As I said before, most of our spending goes to travel, spending anywhere from 10-20k on trips each year.
My question is this. If I want to retire at 50, is that something that is feasible? Could. Make simple changes, while maintaining a travel budget of 10k and get there? Thanks again for the help.
Submitted May 12, 2017 at 02:29AM by triple_verbosity http://ift.tt/2r8Ct2I
