Hello all --
I'm new but have been lurking for some time. I have enjoyed the posts and have gained some good information and food for thought.
I am 54 and working four days per week as a mental health therapist. I am the insurance provider for the family. My DH is 62 and a sales rep in agribusiness. 21 year old daughter will be graduating from college next December with a teaching degree.
Our investments (403b, sep IRA, IRAs and personal investment) is at the 1.2 mil mark. We have no mortgage on our home with six acres and a warehouse. We built are home 10 years ago with a universal design - one story, open floor plan and wide doors. We hope to age in place but can sell the property to pursue different living arrangements based on our needs. We max out our retirement accounts each year. The 529 account which I have invested in since daughter was a toddler will cover the remainder of the college expenses. We have no debt. We both will receive SS - delaying for higher benefit, and I will receive a small pension. There is no insurance coverage after retirement
Our tentative retirement goals are in stages.
Stage 1 - I reduce to 20 hrs wk with health benefits when DH gets Medicare in 3 years.
Stage 2 - DH retires at age 68/69.
Stage 3 - I retire approximately one year later at age 60/61. I will use ACA for insurance needs. I feel DH needs a year to practice retirement solo. I will be sending him to his brother's in FL during parts of the winter to play golf. Actually that will start this fall.
Stage 4 - Initial retirement: We travel different areas of the US, Europe and possibly Caribbean, renting for a month or more in different locations for part of the year. Eventually we plan to buy a modest home/condo in FL.
Stage 4 - We will be snow birds initially. Depending on our circumstances, we may eventually choose to sell both properties and live closer to our daughter. She plans to live in the Carolina's - that would be a nice place to be in my opinion. Stage 4 is really too far out to be very specific. Too many variables I can not even imagen at this stage of my life.