Vudu Beer
Dryer sheet wannabe
We are Mike and Lori, the new kids in town. We decidied 2 years ago that we want to retire early (in 2014, at ages 55 and 56) and have been laying the plans since. We have looked at all of the advice, and seem to find more every day. This forum is by far the most insightful, so we are now joining in.
We have a cash portfolio now of $1.2 million (net worth $2 M+), and will keep a mortgage (2.9% on $250K, tax write-off today, pay-off when we reach 80, so invesment for future). Monthly mortgage cheaper than rent or to buy another home/place.
We have a financial/retirement advisor (a firm - United Capital) which uses a cash-flow process (Monte Carlo) to manage your wealth. We have a long-term care policy (Northwestern Mutual), have done the wills and trusts. We work a monthly budget, we will have employer health care up to age 65, don't plan to buy Dental or Vision insurance (will pay negotiated value in cash). We have a huge file of worksheets, information and articles that have helped us get to this point (Medicare, Social Security, credit scores, taxes pre post retirement, checklists, pensions, 401K's, bucket list of things we want to do, budget analysis, etc.)
I think we have it all, but of course, there is always something we may have forgotten. We are open to any/all feedback, questions, thoughts, opinions... We do not know everything, we only know everything others have taught us. Hope to meet a lot of you and get your experiences as a learning. We are 6 months away for our big day, and can't wait to get there!!!
We have a cash portfolio now of $1.2 million (net worth $2 M+), and will keep a mortgage (2.9% on $250K, tax write-off today, pay-off when we reach 80, so invesment for future). Monthly mortgage cheaper than rent or to buy another home/place.
We have a financial/retirement advisor (a firm - United Capital) which uses a cash-flow process (Monte Carlo) to manage your wealth. We have a long-term care policy (Northwestern Mutual), have done the wills and trusts. We work a monthly budget, we will have employer health care up to age 65, don't plan to buy Dental or Vision insurance (will pay negotiated value in cash). We have a huge file of worksheets, information and articles that have helped us get to this point (Medicare, Social Security, credit scores, taxes pre post retirement, checklists, pensions, 401K's, bucket list of things we want to do, budget analysis, etc.)
I think we have it all, but of course, there is always something we may have forgotten. We are open to any/all feedback, questions, thoughts, opinions... We do not know everything, we only know everything others have taught us. Hope to meet a lot of you and get your experiences as a learning. We are 6 months away for our big day, and can't wait to get there!!!