Kempotrader
Dryer sheet wannabe
Hello - I am so grateful to have found this site!
I am 60 years old. I have approx $580K in savings and portfolio (dropping like a rock, as I write this post). The majority of the portfolio is in taxable accounts The portfolio is setup to maximize income not capital appreciation and currently produces about $29,000 annually, regardless (for now) of portfolio value.
I have a live-with girlfriend who owns her home outright. We share expenses. She has about $700K + house, however, we are keeping the finances separate.
Expenses (for me) are about $3000/mo (if I jettison work and need to buy health insurance).
I am working in a toxic work environment and I just want out (yesterday). This feeling led me to this site and opened my eyes. Why not just quit and take some part time work and do a slooooow burn of my savings?
I have been looking at FIREcalc and a lot of the scenarios say GO For IT! I surely can't be using it correctly.
Any guidance would be greatly appreciated
David
I am 60 years old. I have approx $580K in savings and portfolio (dropping like a rock, as I write this post). The majority of the portfolio is in taxable accounts The portfolio is setup to maximize income not capital appreciation and currently produces about $29,000 annually, regardless (for now) of portfolio value.
I have a live-with girlfriend who owns her home outright. We share expenses. She has about $700K + house, however, we are keeping the finances separate.
Expenses (for me) are about $3000/mo (if I jettison work and need to buy health insurance).
I am working in a toxic work environment and I just want out (yesterday). This feeling led me to this site and opened my eyes. Why not just quit and take some part time work and do a slooooow burn of my savings?
I have been looking at FIREcalc and a lot of the scenarios say GO For IT! I surely can't be using it correctly.
Any guidance would be greatly appreciated
David