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Confused about dryer sheets
So am seeking a bit if advice. I will b entitled to a state pension of $48000 non cola this year. I would like to semi retire and work part time in a related field. I will finish my mortgage thus year. But still b left with 48k equity loan not due for twelve years. I pay interest and some principal every month. Payyment is $120. Per month. Real estate taxes are 7700. Per year. Get health benefits with pension for about 800 per year. I figure without mortgage and commute my recurring monthly bills are under $1500 per month including car insurance.
Savings r 457 plan at 335k and about 200 in mutual funds and 115 in a variable annuity I bought years ago. So its a little over 650k total. House is worth 375000. Eventually I would like to step down to condo w lower taxes. I am 50 years old with whopping commute and am ready for something different. Have no other debt and no dependents. Its not a lot to live on but if supplemented with part tine work or another full time job if needed or wanted I think I can b fine. I have been careful with money to date. After removing mortgage and commute from my monthly bring home I make a few hundred less in the pension. Investments are to b left until 60 at least o
allow to grow. I am entitled to sic security. I guess my q is am I crazy to go now? Btw there is talk of freezing the defined plan and moving to a 401k type plan. Thanks!!
Savings r 457 plan at 335k and about 200 in mutual funds and 115 in a variable annuity I bought years ago. So its a little over 650k total. House is worth 375000. Eventually I would like to step down to condo w lower taxes. I am 50 years old with whopping commute and am ready for something different. Have no other debt and no dependents. Its not a lot to live on but if supplemented with part tine work or another full time job if needed or wanted I think I can b fine. I have been careful with money to date. After removing mortgage and commute from my monthly bring home I make a few hundred less in the pension. Investments are to b left until 60 at least o
allow to grow. I am entitled to sic security. I guess my q is am I crazy to go now? Btw there is talk of freezing the defined plan and moving to a 401k type plan. Thanks!!
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