|
54 and ready for more....Scrabble
03-06-2016, 04:45 PM
|
#1
|
Confused about dryer sheets
Join Date: Mar 2014
Location: chicago
Posts: 2
|
54 and ready for more....Scrabble
DW and I are 54 and are ready to retire in the Georgia foothills and play Scrabble and drink better wine.
Can we pack the car in 2016?
We have a grateful lifestyle that has cost us $80k (including taxes)/7yr avg and just want to enjoy a nicer pace after our self-employed professional careers.
Our kids are done w/ college and figuring life out every day.
Hopefully these assets will help supply the wine...same Scrabble board since college.
After tax 1.4M (65% equities,25%bond,10%cash)
401k- 1.8M (1.2M traditional 401k (65%equities,35%bond) and 600k Roth
401k (65%equities ,35% bond)
SS at 70- 65k/yr
Georgia house paid off.
ACA health insurance coverage
We are moving from IL so our property taxes will be less and snowplowing fees less (yahoo!)
DW wants to continue her Scrabble dominance in Georgia (with me...yes!), can we do it?
Thanks for sharing any thoughts
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
03-06-2016, 04:53 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
Quote:
Originally Posted by longrun
... can we do it?
|
I'll respond to your question by suggesting you start here:
http://www.early-retirement.org/foru...ire-69999.html
Then you can tell is about packing the car - or not.
__________________
Numbers is hard
|
|
|
03-06-2016, 05:12 PM
|
#3
|
Confused about dryer sheets
Join Date: Mar 2014
Location: chicago
Posts: 2
|
We have memorized those questions and are content with our answers.
Life will go on, we just hope to enjoy our ride!
|
|
|
03-06-2016, 05:33 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
Quote:
Originally Posted by longrun
We have memorized those questions and are content with our answers.
|
Is the car packed yet?
__________________
Numbers is hard
|
|
|
03-06-2016, 07:37 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,697
|
As you can see from my screen name, I like your hobby. Too bad this fellow early retiree doesn't live anywhere near Georgia (I live in New York) or else I'd challenge both of you to some games!
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
|
|
|
03-06-2016, 09:06 PM
|
#6
|
Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
|
With your numbers I'd have the car packed already.
Welcome to the forum.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
|
|
|
03-07-2016, 09:08 AM
|
#7
|
Recycles dryer sheets
Join Date: Jan 2013
Posts: 198
|
Look up on-line multi player Scrabble game.
|
|
|
03-07-2016, 11:10 AM
|
#8
|
Dryer sheet aficionado
Join Date: Jan 2015
Posts: 26
|
I think you are in great shape. I am positioned somewhat similar to you. Also 54 (my DW is 53), so similar ages, and have slightly more saved: $3.45M in taxable and non-taxable (vs. your $3.2M). However, the differences are why I am still working but would quit if I were you: (1) $100K left on my mortgage (with about $850K in equity); (2) one high school senior (the other is out and working) and about $100K saved for college (but that is included in the $3.45M); and (3) the big difference, my annual estimated expenses in retirement right now are about $130K unless we move to a cheaper area.
With your $80K in expenses, $3.2M in savings and approximately $70K coming in SS (we will have somewhat less), I agree with Rodi -- I would have the car packed, if not already on highway.
Congrats and good luck.
|
|
|
03-10-2016, 02:49 AM
|
#9
|
gone traveling
Join Date: Nov 2014
Posts: 435
|
do you play WORDS WITH FRIENDS?
|
|
|
03-10-2016, 03:55 AM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: 5-sided building
Posts: 1,184
|
Quote:
Originally Posted by kitesurfer2
do you play WORDS WITH FRIENDS?
|
Insert thread drift! I'm surprised how that game just doesn't seem to get boring after a few years.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|