Hi All!
I have been following this board for years and waiting for the day I could RE. However, my plans were accelerated as I was laid off on New Year's Eve. I need either some reality, or courage. Do I look for a job and work for a few more years, or do I just enjoy life? Here's my info:
48yo
Spouse is 54
0 debt
Health Insurance - Covered for both of us for life! (i know this is HUGE savings)
Spouse receives $75k in pension
150k Cash
$700k - retirement accounts
My plans are to live off $75k/year, and use savings/investments only for emergencies or large purchases. Our expenses/taxes where we currently live are very high. We're spending approximately $75k/year now. We're also looking to relocate to a warmer, more tax friendly state with great views. I figure we'll save between 5-10K/year in tax/heating/cost of living.
I'm currently in limbo deciding if I need to find another job, or if we're ready to go. I'd love to hear what you think.
Thanks!
I have been following this board for years and waiting for the day I could RE. However, my plans were accelerated as I was laid off on New Year's Eve. I need either some reality, or courage. Do I look for a job and work for a few more years, or do I just enjoy life? Here's my info:
48yo
Spouse is 54
0 debt
Health Insurance - Covered for both of us for life! (i know this is HUGE savings)
Spouse receives $75k in pension
150k Cash
$700k - retirement accounts
My plans are to live off $75k/year, and use savings/investments only for emergencies or large purchases. Our expenses/taxes where we currently live are very high. We're spending approximately $75k/year now. We're also looking to relocate to a warmer, more tax friendly state with great views. I figure we'll save between 5-10K/year in tax/heating/cost of living.
I'm currently in limbo deciding if I need to find another job, or if we're ready to go. I'd love to hear what you think.
Thanks!