HatePayingTaxes
Recycles dryer sheets
- Joined
- Jul 7, 2006
- Messages
- 102
Hello,
Just wanted to introduce myself to the group. I'm 27 yrs old and hoping to retire by the time I'm 50. At this point, it does seem possible but who knows what life can throw at you. I'm a CPA and my wife is an engineer (26 yrs old) and our combined income is $140k/yr. Here's our financial situation:
$40k in Roth
$0 in 401k but will probably max out when I start my new job.
$20k in ING
$450k mortgage (live in So Cal) with house valued at $600k with average interest rate of 5.7%
Student loan and cc is $23k with average interest rate of little less than 3%.
It does seem possible to retire at 50 but my mortgage seems to be high and with possible kid and wife staying home for the kid and skyrocketing medical cost and all the future unknowns, who knows if that's possible. I'm of the mindset that I'll work at least part time until my brain can't function. My hope is retirement at 50 but I'm mentally preparing myself to work until I die.
Anyway, just wanted to say hello and that I love this board with similar minded people.
Just wanted to introduce myself to the group. I'm 27 yrs old and hoping to retire by the time I'm 50. At this point, it does seem possible but who knows what life can throw at you. I'm a CPA and my wife is an engineer (26 yrs old) and our combined income is $140k/yr. Here's our financial situation:
$40k in Roth
$0 in 401k but will probably max out when I start my new job.
$20k in ING
$450k mortgage (live in So Cal) with house valued at $600k with average interest rate of 5.7%
Student loan and cc is $23k with average interest rate of little less than 3%.
It does seem possible to retire at 50 but my mortgage seems to be high and with possible kid and wife staying home for the kid and skyrocketing medical cost and all the future unknowns, who knows if that's possible. I'm of the mindset that I'll work at least part time until my brain can't function. My hope is retirement at 50 but I'm mentally preparing myself to work until I die.
Anyway, just wanted to say hello and that I love this board with similar minded people.