Hello. Here is my situation. I have a company and am very burned out, beyond belief. I'm 47, wife is 54. Our assets are broken down as follows:
3.2 Million Taxable CD's
260K SEP - in CD's
200K 401 K
180K value of home : paid off
50K muni bonds
160 K cash / savings acct.
50K savings bonds
70K value of rental property paid
also 2 other rental properties, rented but mortgages of 100k on each
We would have to buy our own health insurance if we RE'd . Our expenses with taxes and ? insurance? should be under 100k a year,
I may be able to sell company and not touch savings for 5 years. Should grow to 4.7 million at that time. Would love to call it quits. Am I missing a reason why it wouldn't work? I am too scared of the market, this may hamper me in the long run. Love the forum, any advice would be great
3.2 Million Taxable CD's
260K SEP - in CD's
200K 401 K
180K value of home : paid off
50K muni bonds
160 K cash / savings acct.
50K savings bonds
70K value of rental property paid
also 2 other rental properties, rented but mortgages of 100k on each
We would have to buy our own health insurance if we RE'd . Our expenses with taxes and ? insurance? should be under 100k a year,
I may be able to sell company and not touch savings for 5 years. Should grow to 4.7 million at that time. Would love to call it quits. Am I missing a reason why it wouldn't work? I am too scared of the market, this may hamper me in the long run. Love the forum, any advice would be great