Marathoner
Recycles dryer sheets
- Joined
- Jun 21, 2011
- Messages
- 147
Hello,
I am 32 years old and just starting out on my path to early retirement. Married (husband is 34), no kids.
We're in a good position financially with respect to average people our age, but still have far to go until we can retire. Luckily we have always been frugal, bought less house than we were approved for, with 20% down, and have been saving for retirement since we finished school.
Some issues along the way (my husband has not yet bought into this concept as I have):
I am 32 years old and just starting out on my path to early retirement. Married (husband is 34), no kids.
We're in a good position financially with respect to average people our age, but still have far to go until we can retire. Luckily we have always been frugal, bought less house than we were approved for, with 20% down, and have been saving for retirement since we finished school.
Some issues along the way (my husband has not yet bought into this concept as I have):
- I really really don't want to work. He says he'd be fine with me not working while he works, but would he actually come to resent that? And, if I continue to work a little longer, could we both retire early?
- He feels obligated to continue to work as he is a physician and there is a shortage of his specialty. Plus, he enjoys what he does. I have floated the idea of me not working and him working part time.
- My husband has a chronic health condition (inherited -- not related to lifestyle choices) which makes him uninsurable on the open market, so he'd need to keep employer-sponsored health insurance (my part-time for him suggestion is looking better and better.)
- Only debt is student loans for med school ($60k at 2.875%, $18k at 4.75%) and mortgage ($160k at 3.6%). Have been aggressively paying off student loans (had some at 6.8% and now I'm attacking the 4.75%). Student loan interest is not deductible as our income is too high. I'd love to be debt-free, but since these rates are relatively low, should we invest extra money once the 4.75% is paid off and just pay minimums?