Hello just wanted to introduce myself. Been lurking for a short while and understand I need to come out and say hello. I am a 55 y/o SFM who just sold her biz. Not sure what I may do for the next chapter. But for now I am taking time away from work. Through this group I hope to learn enough to manage my portfolio and stay out of the financial dog house. Also Ive been getting motivated to retire now and begin to enjoy life more without running as business full time.
Without going into too much detail my expenses run about $150K annually and I have no debt. My biggest expense is healthcare and property tax ($1MM home). My liquid retirement funds total $4.3MM (Mostly tax sheltered) and are invested into balanced portfolios at Schwab, Fidelity, and Merrill. I keep about $100K in money markets for emergency. I am sure you all have more questions but with my recent calculations it seems I am OK financially to stop working. Anyway just wanted to say hello and I'll post in from time to time.
Without going into too much detail my expenses run about $150K annually and I have no debt. My biggest expense is healthcare and property tax ($1MM home). My liquid retirement funds total $4.3MM (Mostly tax sheltered) and are invested into balanced portfolios at Schwab, Fidelity, and Merrill. I keep about $100K in money markets for emergency. I am sure you all have more questions but with my recent calculations it seems I am OK financially to stop working. Anyway just wanted to say hello and I'll post in from time to time.
