Made the Decision
45 YO single with 3 Kids and pulled the trigger this summer and looking forward to the next chapter in my life.
I feel I'm in good shape but have some questions on healthcare and looking for some assistance.
Currently have 2.75M, mostly outside of 401K or areas that could limit withdrawals.
Owe 200K on a 525k house with a very low interest rate and not looking to payoff as I'll be leaving my house in about 4 years when my last child leaves for college.
My annual expenses are under $84,000 and will be withdrawing $21,000 per quarter and adding in inflation on an annual basis.
2 questions - Firecalc has me at 100%, does the annual withdrawal entered into the calculator factor in inflation? 84,000 increases yearly or the $84,000 is stable without increase for 40 years.
2nd, I'm really confused on how and where to get health insurance. My former company is paying until January 31, 2017. I'm not entirely sure what to do. My ex covers the children.
Thanks for the responses and I look forward to learning a lot on this forum.