New to the forum. Looking forward to enjoying ER with assistance from Civil Service Pension. Plan to retire at 47 (13 years from now) w/ 25 years of service in the the fire department.
My wife and I are planning to retire together. She will be 45. She has retirement savings in a 401k and Roth. I will have my pension, 457b, and Roth savings. We are also in the process of purchasing an apartment building with $20,500 in gross income. Our business plan for this property is for the mortgage to pay off in 12 years. This should help with the shortage of income until my wife reaches 59 1/2 to qualify for withdrawals from her 401k and Roth. My pension will replace approximately 80% of my pre-retirement income. I will also be able to draw on my 457b upon retirement. In 13 years our personal residence will have 6 years left on the mortgage.
Glad to have found your forum and hope to learn more so we can sharpen our plan.
My wife and I are planning to retire together. She will be 45. She has retirement savings in a 401k and Roth. I will have my pension, 457b, and Roth savings. We are also in the process of purchasing an apartment building with $20,500 in gross income. Our business plan for this property is for the mortgage to pay off in 12 years. This should help with the shortage of income until my wife reaches 59 1/2 to qualify for withdrawals from her 401k and Roth. My pension will replace approximately 80% of my pre-retirement income. I will also be able to draw on my 457b upon retirement. In 13 years our personal residence will have 6 years left on the mortgage.
Glad to have found your forum and hope to learn more so we can sharpen our plan.
