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55 and getting ready to be FIREd...
Old 05-25-2013, 02:51 PM   #1
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Join Date: May 2013
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55 and getting ready to be FIREd...

Like gozer, I'm on "final approach" and balancing excitement with nervousness.

I'm 55, DH is 62. We have $2k per month in steady passive income from a software-as-a-service we own, plus dividends we could start taking as income (vs reinvesting). Totally portfolio is $1mm, no kids and no need or desire to leave an estate to anyone. Both FinancialMentor and FIREcalc = green light for the spending level we are at today. (Even with current, too-big house.)

I dumped out of a really crappy job two weeks ago and expect to consult for the next year or two while we work our way through the downsize and relo. We'll be on COBRA in the short term (unless I land at one of the consultancies that offer bennies) and are interested to see how ACA works out.

I should also mention I'm rather hyper and DH would ultimately go crazy if I were home all-day-every-day. So after we have downsized and relocated I'm going to be looking for a pleasant, low-stress PT position. (Perhaps even seasonal as we're looking at moving to a resort area.) I anticipate with a small, paid-for house and car, we will "nibble" on our assets very lightly for the early years of "ER."

Excited to be here!

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Old 05-25-2013, 04:05 PM   #2
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Congrats! Sounds like you've got a nice ER planned.

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Old 05-25-2013, 10:23 PM   #3
Recycles dryer sheets
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Originally Posted by footenote View Post
I should also mention I'm rather hyper and DH would ultimately go crazy if I were home all-day-every-day.
This sound familiar. I have many community/charity activities to keep me busy and out of the house. It is good for both of us.
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Old 06-03-2013, 06:30 PM   #4
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Location: midwestern city
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Welcome to the forum.
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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