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Goals I need to Achieve

October 19th, 2007 at 08:20 pm

1. No debt other than mortgage I achieved this right before I started this blog. I will tell you how in my next post

2. Multiple sources of income. If I leave my job at fifty-two years of age, I feel I will need something more to rely on that just my investment portfolio.

3. 1.5 MM in my combined Retirement accounts - This should allow me an annual income of at least fifty thousand dollars using the recommend annual draw of 4%. I don't believe I can touch this until age 59.5

4. 0.5 MM in my taxable accounts - This will provide me with another 10-20K per year.

So is a two million dollar portfolio possible in ten years? I believe only with an additional income stream.

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