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Haven't posted for a while....I finally seem to have gotten hold of an immigration fella who actually gave us some good info and we were allowed to put our further applications off until this next summer.
I am now officially out of control. Can't stop thinking about ER, even though it is at least 19 months off. I am starting to infect my wife now and she is getting the shakes as well (although a good cuppa tea seems to calm her down, or maybe it's the gin)....or maybe she is just tired of me talking about it. Basically I am looking for people to shoot holes in my retirement plans.....or even agree that they are possible. I think I posted something similar a year+ ago, but I think I have a pretty good idea now of what I should have when I go bye-bye. I was starting to list where I had all my money but decided I would really just have some opinions in general at this time. My plans are we would have about $750+ when we get back to Spokane. House there already paid for. Budget is for $100K to get house fixed up, 1 compact car, etc etc. We should be under that but...... I have been dealing with a finance guy back in the Spokane area who has a bit of my money and he thinks it should work out ok if we keep our expenses to under $50,000 a year. The calculators I have used (many, Firecalc etc) seem to think it is ok. Finally put ourselves on a money spending check the last 4 months...a high of $3500 in July while doing some traveling and the last 2 month both look to come in at $2000 or less.....plan is for $4000 a month so well within that limit even with a few unexpected costs. Might also want to take a part time job just for the heck of it, but don't plan that into my thinking.....
IFFFF things go as planned (VERA early retirement, Pound/Dollar exchange)....I would have the following,
1. $320K in TSP(rather aggressively placed at this time)
2. $380K in savings
3. $50K in ROTH/mutual funds
4. Immediate pension at 54 when I go of about $16,500 per year before taxes. Planning after tax of a little over $1,000 including spousal benefit if I die. No adjustments until I hit 62
5. SS supplement of about $1000 a month from years 56-62.
6. SS at 62 of about $1500 a month for me and then a couple years later $700 a month for my wife (UK citizen- spousal SS)
7. Carry Govt health into retirement....or whatever happens in the next couple of years to the health system.
8. Should be in a lower tax bracket in retirement.
Always can be something unexpected around the bend of course.....and I know we would be taking a bit of a risk retiring that early, but we are both desperate to do something different (working in schools)....even though we are saving about $50k a year right now.
Is there something I haven't seen that will whack me upside the head? Luckily the decision won't have to be made until this summer. Time for the finance system to hopefully calm down......
Uh-oh a student just came in and gave me a halloween cupcake.....can't resist..........
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