This is the link to my previous post. Would love to hear any thoughts that will effect my plans. http://www.early-retirement.org/for...arly-a-second-time-pls-86753.html#post1880558
I wanted to update this post because been some big changes. First we had a second child. This was planned but it wasn't looking realistic at the time of my original post. We been trying for 2 years and were only 2 months from giving up when we found out she was pregnant! Second...retiring at 45 has now changed to 40. I plan to retire from my job around March-June of 2019. Only thing that would change that is if the housing market started to collapse. Since I last posted my home has rose to 250k over the price I purchased it at. I have also completed a few projects that arent even being factor into the the value of the home yet. I am guessing but not planning on it that my house will increase another 30k at a minimum. The schools in my area just had a new High School built and a face life to the other schools. They have all went from 8's to 9's or 10's on the good school scales ect. They are also adding a NHL team among other businesses. The area for work is just doing well. So with that, its to good to pass up on selling.
I am 95% sure I am going to move somewhere in TN. Mainly outside of Nashville (like 45 minutes hour away). I only plan to pay 200k-250k max for a home which will leave me over a 100k to bank/invest. Will take my time and maximize the money I use for a home. My mother lives in the state with her husband and we will live there for a couple of months while we home search. The time is right because our son will start High School at the end of that summer. So we need to make sure we are picking a good school for him. So all this is a little scary. If anyone has suggestions or think of anything I missed let me know. I will be adding 100$ a month for a dental plan that covers the family. Already looked into it. Another side note is my employer has a VEBA program which will have around 14k in it that I can use on any medical/dental expenses. So I will have that money for when my kids need bracers/ect My son will need them but he will get them before I leave my employers program. Any Tennessee residents that have some insight on good places to live? Mom lives in Portland TN, I would like to be within an hour of her for convenience. Been looking at Clarksville due to the good schools and cost of homes. Also will be using every low income/military discount/vet bonus I can to maximize my savings. Ill be 40..so worst case..part time work if all else fails but just dont see it.
Thanks
I wanted to update this post because been some big changes. First we had a second child. This was planned but it wasn't looking realistic at the time of my original post. We been trying for 2 years and were only 2 months from giving up when we found out she was pregnant! Second...retiring at 45 has now changed to 40. I plan to retire from my job around March-June of 2019. Only thing that would change that is if the housing market started to collapse. Since I last posted my home has rose to 250k over the price I purchased it at. I have also completed a few projects that arent even being factor into the the value of the home yet. I am guessing but not planning on it that my house will increase another 30k at a minimum. The schools in my area just had a new High School built and a face life to the other schools. They have all went from 8's to 9's or 10's on the good school scales ect. They are also adding a NHL team among other businesses. The area for work is just doing well. So with that, its to good to pass up on selling.
I am 95% sure I am going to move somewhere in TN. Mainly outside of Nashville (like 45 minutes hour away). I only plan to pay 200k-250k max for a home which will leave me over a 100k to bank/invest. Will take my time and maximize the money I use for a home. My mother lives in the state with her husband and we will live there for a couple of months while we home search. The time is right because our son will start High School at the end of that summer. So we need to make sure we are picking a good school for him. So all this is a little scary. If anyone has suggestions or think of anything I missed let me know. I will be adding 100$ a month for a dental plan that covers the family. Already looked into it. Another side note is my employer has a VEBA program which will have around 14k in it that I can use on any medical/dental expenses. So I will have that money for when my kids need bracers/ect My son will need them but he will get them before I leave my employers program. Any Tennessee residents that have some insight on good places to live? Mom lives in Portland TN, I would like to be within an hour of her for convenience. Been looking at Clarksville due to the good schools and cost of homes. Also will be using every low income/military discount/vet bonus I can to maximize my savings. Ill be 40..so worst case..part time work if all else fails but just dont see it.
Thanks