Hi! I am thankful I found this site and wish I had found it years ago. Dh is 42 and works for megacorp for 18 years. I am self employed and work part time during the school year. We have 2 kids 8 and 11 and no debt. We have always LBOM but never had a budget. I will admit I have never paid much interst to our finances because we had "no debt and am not super spenders" foolish I know. I decided to see where are money is spent and it was a wake up call on my frivolous spending. I am now using mint.com to budget. Just started mid. June. I have a ballpark figure (by looking at annual cc statements and checkbook past 2 years) that we spend 60k a year. I want to get the number down and put excess our taxable account. We max out 401k, Simple IRA, both Roth's. i would like dh to ER since he is no longer satisfied with his job. I would keep working during the school year and we could take the summers off to travel. Dh has lots of vacation time but can't take off for more than 2 weeks at a time. Neither of us will receive a pension. So far between 401k, simple IRA, and both Roth we have 800,000. We have 85k in taxable account which will be $150k had dh sell ESPP. I am confused on how much we need in taxable account for him to retire early. I will need taxable to last from his ER (whatever year that would be) to 59. Dh currently makes 100k and I make 30-40k. I would project when he ER and kids are still in school I would increase my work and make 40-50k. Dh is not the type to walk away from a good paying job. He always thought we would ER when youngest completed college. I want to him ER sooner but have not brought it up since I need to learn more and get my ducks all in a row. We follow Gone Fishin' portfolio. I can earn more and plan to when I go back to work in Sept. which the money will go to the taxable account and 529. Forgot to add with also have 6 months emergency fund, 4 yrs. pre-pay college for 11 y/o and started 529 for 8 y/o. So how much taxable do we need? Healthcare is a big worry we live in TX if that matters. Any recommendations, blogs, or books for a newbie?
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