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I appreciate the ideas, information and kind words. A few more details: - My accident happened after our group was given notice by [Mod edit] (assets in business unit sold - people layed off) but before I started with the new company. I have disability insurance, but it doesn't cover...

Hello, I am 51 years old and currently working full-time, but cutting back to a 30 hour schedule in January primarily for health reasons. I've always been healthy until I was rear ended at a stop light hard and had several spinal fractures and other issues. I recovered reasonably well, but...

You might want to check on your wife's 401k plan because one of the advantages of keeping money in a 401k vs. IRA is that you can withdraw the money without penalty starting at age 55 if you retired with the company at 55+. I never heard of a 401k that doesn't let you make any withdrawels other...

That is very close to my situation: - 500k savings (been a good saver but bad investor) - 400k paid-for house - 62k pension starting at age 60 with another 10k starting at age 62 (reduced to 85% with lifetime spouse benefit at 100%) The pension is significantly underfunded so that could be...

College tuition is something that is a matter of opinion. I see benefits of funding kids college and also making them fund it on their own. In our case we prioritize fully funding a master's degree for the kids before we would consider early retirement. I wouldn't consider myself ready to...

Thank you for the encouraging words. I am maxing out my 401k and also mixing pre and post tax savings. I haven't yet given up on retiring in 2022 or shortly after, but once I retire I will never be able to replace that income if I needed income. I want to have some money set aside for...

They still carry a premium here in Sarasota, especially if it is right on the golf course - which about half the properties are in a typical golfing community. There are a few older communities where the golf course is at risk, but most are staying afloat. The main premium is water property...

Yes off by a decade, thank you :)

Hi, I am 50 and my wife is 48. We've been good savers over the years but bad investors. We have a 400k paid for house and 500k or so in savings - mostly 401k/ira. No debt. We have needy immediate family and spent over100k in the last 10 years helping out elderly parents and family. We...