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Old 02-04-2013, 01:44 PM   #61
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I think you really need to assess your situation and take an age inventory. Our home expenses have been nil for quite a few years. However, our home is turning 18 this year and our lake house will be 12. Just like teenagers it's going to get more expensive.

Taking Social Security at 62 and hoping I live long enough to regret the decision.
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Old 02-06-2013, 11:12 AM   #62
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I have a few buckets for large expenses. My budget includes 1.5% of house value per year ($2,700), I have a separate "one time expenses" budget of $3k annually (this will cover replacing cars and anything that the $2700 in house repairs dont cover). I also have $100k held outside my portfolio to "prime the kitty" for these types of things.

"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
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