Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Would You ?
Old 07-14-2008, 12:27 PM   #1
Confused about dryer sheets
Join Date: Jul 2008
Posts: 4
Would You ?

6 years to go til 55. House will be paid off, 2 of 3 out of college. minimal debt.
4 k per month Pension plus 65 % of Medical coverage
4 k per month (4% withdrawal 401k calculator)
2 k S.S. @ 62

sanman12 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-14-2008, 12:29 PM   #2
Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
Does 8k a month cover your living expenses plus enough of a buffer to let you sleep at night?

Marquette is offline   Reply With Quote
Old 07-14-2008, 12:51 PM   #3
Full time employment: Posting here.
CitricAcid's Avatar
Join Date: May 2008
Posts: 546
Depends on how much you spend including the mortgage (at least until it is paid up in at most 6 years) and what you expect your third kid might cost you in college. It all depends on your risk tolerance and subsequent AA how you will sleep at night with your 401k withdrawals.
CitricAcid is offline   Reply With Quote
Old 07-14-2008, 02:17 PM   #4
Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,304
Only you know how much you need each month. I assume that the 8k must do it. Given that it does, personnally I'd do it in a heartbeat.

A lot do it on much less.

Good luck to you.
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 07-14-2008, 07:02 PM   #5
Thinks s/he gets paid by the post
Bimmerbill's Avatar
Join Date: Jan 2006
Posts: 1,632
Pension and medical COLA?
Bimmerbill is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 08:47 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.