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I would like some opinions to use as a sounding board. I have been a lurker here for a while.
Myself and my wife are 42, we have been married for 24 years, and both worked from the day we got married.
I have worked in construction and she in different jobs up to 9 years ago, she had an opertunity to be trained on the job in title closing,escrow,ect.
My back and knees are starting to show my work choice. I have been a floorcovering installer, and we owned our own store for 7 of the 22 years that I have been doing this type of work. she was given a management posistion of an office, but a rival company asked her to work for them, we talked about it, and decided that she would ask for 3 months off in the winter.
We live in the north and want to move south, but we are not quite ready financialy.
they gave her a raise so she will make aprox. what she made in 12 months,agreed to let her take out insurance pre tax to pay for the 3 months she is gone.
I had a partner till 4 years ago, that I worked with in instalations.
We borke up, and I have taken on smaller jobs to keep some money coming in.
togeather we have saved 835k cash, mostly kept in cd's of that appx. 45k is in stocks and mut. funds, 15k is cash another 5 in ee savings. I deposit 6k a year to ira's to get the tax write off. this year will be 8k.
As my income is speratic. I started to draw 1k a month from the cd intrest, my wife pays most of the bills from her income, and I save what I make in cd's, [some goes to my gun colection, as it stands now I have 99 firearms]
We have one rental that brings in 500 a month, we own it free and clear same with our house.
the rental is not pure profit, taxes,insurance, ect.
My idea was to keep doing what we are for 4 to 5 years. we are dinks, we were not able to have kids. this has been very good for saving money and doing what we want, we have been all over europe 2 times, and traveled all over the us. but we have not had the joy of watching children grow up. If it has not happened by now it will not, most likely.
My question is what do I need to do to get to a point of retireing early.
I got my realestate lice. and worked for an agency for appx 3 months, just before it went belly up. did not loose any money, but did not make any, not to bad as it is a great write off. millage on the car.
the company was purchased and is supposed to reopen this march, and my old broker wants me to join the team.
The problem is that realestate is not doing so good, at least in my area.
some parts of the country it may be but not here.
any way opinions are welcome. thanks
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