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Old 06-08-2015, 10:52 AM   #41
Dryer sheet wannabe
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Congrats! Glad you worked through the fear. Proud of you!

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Old 06-08-2015, 10:59 AM   #42
Confused about dryer sheets
Join Date: Feb 2012
Location: Atlanta
Posts: 9
My initial reaction was to say that I am okay with the money. But in the back of my mind, I guess there is still some degree of fear. Our spending has remained fairly constant from year to year.

When you look at the budget, you will not see a line item for medical max out-of-pocket. It is not there because it did not seem reasonable to me to budget for spending the max every year. So instead we have a pot of money set aside ($300K). Also, the "housing item replacement" amount is calculated based on the expected life for all the major/minor systems/appliances in the home and then I figured the annual amount needed to be set aside to fund their ongoing replacement costs. Taxes are based on the assumption that 1/2 of the money used is non-taxable. Once the car dies, we will be a one vehicle family.

We have an austerity version of the budget which brings the total down to $45K. We also have no qualms about taking part time work if we want something that we have not budgeted for.


Insurance - Truck $1,000.00
Insurance - Car $600.00
Auto Registration $325.00
Fuel (4$ / gal, 6K @ 15mpg) $1,600.00
Service $1,800.00
Replacement $1,800.00 Truck Only
Total $7,125.00

Club Dues $800.00
Insurance - Motor Boat $300.00
Insurance - Sailboat $300.00
Maintenance - Dock $500.00
Maintenance - Sail $500.00
Maintenance - Motorboat $250.00
Total $2,650.00

Insurance $1,040.00
Umbrella Insurance $800.00
Property Tax $5,000.00
Home Annual Maintenace $1,230.00
Home Item Replacement $3,800.00
Home Updates $1,200.00
Total $13,070.00

Dining $1,200.00
Groceries $7,200.00
Total $8,400.00

Gas & Electric $2,400.00
Internet $480.00
Cell Phone $200.00
Termites $240.00
Water $240.00
Total $3,560.00

Personal Spending
His $4,800.00
Hers $4,800.00
Ours $4,800.00
Vacation $4,800.00
Total $19,200.00

Pet $4,000.00
Total $4,000.00

Grand Total w/o Healthcare $58,005.00

Health Insurance
Health Insurance $10,000.00

Before Taxes Grand Total $68,005.00

Est Fed Tax @ 5 Percent $3,400.25

Est State Tax @ 3 Percent $2,142.16

OVERALL TOTAL $73,547.41 (less than 3% of portfolio)

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Old 06-08-2015, 03:09 PM   #43
Thinks s/he gets paid by the post
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Location: Cincinnati, OH
Posts: 1,695
Congratulations for making the decision and doing it! Given your less than 3% withdrawal, I think most here would say you are presumably good shape.
After Monday & Tuesday even the calendar says, W-T-F...

Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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Old 06-08-2015, 04:22 PM   #44
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Congratulations! As your expense equal less than 3% of your PF, and you're willing to take on part-time work if things change, you're in good shape.
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Old 06-08-2015, 04:51 PM   #45
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Posts: 4,481
Congratulations!! Now start that 35-day countdown - make that 34, it's after 5pm!
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
ER'd Oct. 2010 at 53. Life is good.
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Old 06-08-2015, 04:53 PM   #46
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It looks like you will be fine. More than fine!

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Old 06-08-2015, 05:05 PM   #47
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
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Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 17,871
Originally Posted by Ally View Post
It looks like you will be fine. More than fine!
+1 especially since you don't have SS included. What you been waiting for?
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
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Old 06-09-2015, 11:25 PM   #48
Recycles dryer sheets
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Location: Henderson
Posts: 125
I gave notice 2 weeks ago. It finally came down to me asking myself what my roadblocks were. I had 2. Once I was upfront with myself I was able to move forward. As for anxiety, I think that would be in line for FIRE. I'm looking at a future that I didn't spend years dreaming of, but I spent years financially preparing for. It's definite change of mindset & at times mind boggling!

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