I used to hang around the boards about 6 or 7 years ago. Here's my stats, wondering if you would pull the trigger on ER:
- nearly 49 years old
- wife died unexpectedly 2 months ago, at 46, leaving me with 200k insurance that payed off my mortgage
- 2 kids, 16 and 11
- I get social security of 1650 per month, per kid, until they turn 18. So basically 3300 per month for the next year and a half, then 1650 per month for about 5 years after that.
- If I were to quit working, I'd get extra SS as the caring surviving spouse, so I think I'd get $3800 per month until my 11 year old turns 18
Assets:
tax-deferred stuff: $820k
college 529: $58k
taxable savings: $85k
I'm torn in that I make > 100k from a work-from-home engineering job, but at the same time I'd love to be totally free from any responsibilities other than raising my 2 daughters.
The big unknowns to me are college and health care.... and would I be an idiot to leave a real good engineering salary where I work from home.
Ugh. Any thoughts? My wife's heart essentially just turned off while she was riding a friend's horse, due to some heart issues we had no idea she had... so of course that has been a bit of a large thing to deal with to say the least. But being it's "just me" and the kids now, I kind of feel I have more freedom to, say, chuck the salary and live under a bridge if I so choose, so ER is again in my thoughts.
- John
- nearly 49 years old
- wife died unexpectedly 2 months ago, at 46, leaving me with 200k insurance that payed off my mortgage
- 2 kids, 16 and 11
- I get social security of 1650 per month, per kid, until they turn 18. So basically 3300 per month for the next year and a half, then 1650 per month for about 5 years after that.
- If I were to quit working, I'd get extra SS as the caring surviving spouse, so I think I'd get $3800 per month until my 11 year old turns 18
Assets:
tax-deferred stuff: $820k
college 529: $58k
taxable savings: $85k
I'm torn in that I make > 100k from a work-from-home engineering job, but at the same time I'd love to be totally free from any responsibilities other than raising my 2 daughters.
The big unknowns to me are college and health care.... and would I be an idiot to leave a real good engineering salary where I work from home.
Ugh. Any thoughts? My wife's heart essentially just turned off while she was riding a friend's horse, due to some heart issues we had no idea she had... so of course that has been a bit of a large thing to deal with to say the least. But being it's "just me" and the kids now, I kind of feel I have more freedom to, say, chuck the salary and live under a bridge if I so choose, so ER is again in my thoughts.
- John