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Correct, I can change and reduce my budget easy enough, but I will not reduce that any further for another 8 to 10 years.

How's the other items look? Bin your opinion?

Reducing the budget isn't a problem. It can be chopped down. Also, I certainly don't have an issue managing my own portfolio. In fact, I would enjoy that. I selected a professional simply because of the lack of time for studying investments.

Hello, I have visited and read a far amount on this forum years back when I sold my business, and received some great advice on here from some very friendly and helpful people. Some updated information.... I am currently 49 years old, and would like to retire in the next 6 months. I am...

I think I will struggle with not being able to buy whatever I want, whenever I want. I can live on a budget, but right now I am pretty free wheeling. I enjoy the lifestyle (away from work) that I live now. I do however feel I will enjoy the retirement lifestyle too. What retirement means is...

To clear up a few things: 1. Life Insurance = $4mm total, and $8k in premiums per year. 2. Removing the life insurance, and trimming up, I can get my BEFORE tax needs to $115k. 3. No way I live past 80. 95 is impossible. 4. SS will be 20k per year for me, and 10k for my wife. (46 & 42) 5...

Thanks for the reply. I am not looking for sympathy, just trying to make it clear why I am getting out. That is all.

Hello, I visited this forum years back when I sold my business, and received some great advice on here from some very friendly and helpful people. I am currently 46 years old, and would like to retire in the next 12 months. I am married with two kids 18 & 16. I continue to be burned out...

I really appreciate everyones help. After a week of getting a little more detailed with my expenses, I have a nice comfortable detailed budget of $110,000 before taxes. My wife and I will have an income of $10,000 after taxes from her job, along with full family health and dental. Knowing...

Rich, Sorry, it was Health Insurance. My wife hasn't worked in 20 years, she is willing to work, excited to work, and ok if I don't do much.

I can get my yearly spending down to $120k without much effort. Regarding Life insurance, my wife will be able to add me to her policy at the school she works at, but I have alloted an additional $800 per month just in case. I never thought much about a part time job. Not sure what I would do.

The $135 does not include taxes. Certainly the $135k is conservitive, but also allows for the unknows.

Connie, My wife is along for whever ride we go on. A 6 month Sabattical will not fly at my new job. Looking back, I should have gone on the 6 month Sabattical before I started my new job. Regarding the Market, no doubt it can be a rollercoaster ride, but looking long term, the market always...

Hello, Last year I had a few posts concerning my situation. After a little over a year, I am pretty sure I want to ER, but I would like to explain my current situation, and welcome some of your advice. When I use Fire Calc, it basically tells me I can ER. But it's hard for me to quit my job...

That helps me a lot. I can certainly curb my spending, but for now, I will take the job for 3 to 5 years and see what happens. I assume I am in a really good position compared to the majority of people that retire?

1. The $110-115k is after tax. 2. 2.4m is in an investment account. 3. I do not have Health Insurance Lined up yet, as I am not sure which direction I am heading. 1) is the 110-115k expense including whaat you pay to uncle sam and your state income tax, or is that after tax expenses...

It's been a while since I last posted. The last time I posted I was preparing to sell my business. Now that everything is complete, I really need some more advice, and some assurance. To refresh, I recently sold my business. I am in a state of flux, as I am unsure as what direction I...

The 250K is a business lease, not a home.

Thanks for everyones help so far. Breaking things down last night, I know I can live for sure on $80,000 per year after taxes, but $85,000 to $90,000 would be a little nicer. 100K was a little overboard. Does anyone want to offer an opinion on this, in lieu of my 100K per year option...

What would be wrong with 100% Muni's? 4.5% Fed and State exempt? What tax would I have to deal with then?

I appreciate everyones help here so far. Ok, some more questions 1. Assuming that I Semi-Retire, and earn 20k to 25k pre-tax, would that help my situation? 2. Having never had to deal with Health Insurance outside of my business, what would be my best deductible to set, knowing my current...

Well, I am certainly disappointed to here I am just borderline.

Rambler, Thanks for the response. 1. The Rental income is after taxes, and expenses. 2. I have not investigated Health Care, yet, but I am assuming $1,500 per month for a family of 4? 3. Currently I am 50% Bonds, 40% Stocks, and 10% cash. 4. I need 90K to 100K after taxes to continue...

Hello, I will be 43 in August. My wife and I are considering retirement. Here is my situation: 1. My House is paid for. 2. I own one rental property with a value of 250k which brings me $22k per year. 3. I have $600k in a retirement account. 4. I have $75k in each of my childrens college...