Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
55 and getting ready to be FIREd...
Old 05-25-2013, 03:51 PM   #1
Recycles dryer sheets
 
Join Date: May 2013
Posts: 61
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!
__________________

__________________
footenote is offline   Reply With Quote
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!

Old 05-25-2013, 05:05 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2011
Posts: 1,629
Congrats! Sounds like you've got a nice ER planned.
__________________

__________________
ERhoosier is offline   Reply With Quote
Old 05-25-2013, 11:23 PM   #3
Recycles dryer sheets
 
Join Date: Mar 2013
Posts: 69
Quote:
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.
__________________
Snowcat is offline   Reply With Quote
Old 06-03-2013, 07:30 PM   #4
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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.
obgyn65 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 03:40 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.