Hi everyone. I`m 52 and I like Bandit would like to retire at 55.I have crunched the numbers and it looks good,but looks can be deceiving.I have never heard of this fire cal.I will definitely try it.I have used the CNNmoney and Quicken calculators.I believe the real obstacle will be health care.I can buy my wife and my care through my Company`s cobra plan until medicare or Obama`s new plan kicks in.
I have approx. 1m in savings( all in CD`s @ 4to6%) now paying about 50k a year this will go down as CD rates drop, Pension at 55 now at 27k a year,SS at 62 now at 19k a year. no mortgage payment. I will have two kids in collage at the same time as id like to retire costing a total of 30 to 40 k a year.I don't know if I`ll be able to swing all this but I`m glad I found this forum to get some ideas and support.
Thanks, Plow
I have approx. 1m in savings( all in CD`s @ 4to6%) now paying about 50k a year this will go down as CD rates drop, Pension at 55 now at 27k a year,SS at 62 now at 19k a year. no mortgage payment. I will have two kids in collage at the same time as id like to retire costing a total of 30 to 40 k a year.I don't know if I`ll be able to swing all this but I`m glad I found this forum to get some ideas and support.
Thanks, Plow
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