Have a possible chance to sell my business and retire before hitting the big 50.
My situation is a follows:
3.8 million in taxable cd's
250k in Roth / Seps
220k in 401k (wife's)
60k in bonds
Three rental houses
Primary home paid off
We owe appx 200k on two of our rental properties
No pension
Have to pay own medical insurance
No children to leave money to
If business sells should be able to get at least 1.2 million after taxes
I can't see any downside of getting out of the rat race. Am I missing something ?
A few of my friends said I should keep working. I am burned out.
My situation is a follows:
3.8 million in taxable cd's
250k in Roth / Seps
220k in 401k (wife's)
60k in bonds
Three rental houses
Primary home paid off
We owe appx 200k on two of our rental properties
No pension
Have to pay own medical insurance
No children to leave money to
If business sells should be able to get at least 1.2 million after taxes
I can't see any downside of getting out of the rat race. Am I missing something ?
A few of my friends said I should keep working. I am burned out.