Northwoods Mary
Dryer sheet wannabe
My husband and I are in the process of selling our home after which we plan to full time RV until we are tired of it (could be months or years). When we are tired of traveling, we can sell land we own to pay for a smaller hobby farm where we will raise most of our food as long as we are healthy.
We should net about $800,000 (non taxable) from our home sale and have about $900,000 (taxable) in IRAs with Fidelity. We are 56 now. My husband's's career was as a route salesman for a national food chain (selling to stores and driving truck) but after big company #1 sold to big company #2, pay and benefits are going in the wrong direction. I still have an active law license, but have not been practicing for a few years because of a diversion into politics (cured of that now!).
We are both capable of working part time, but prefer not to worry about a pay check while traveling. We can get expensive ($1,000\month) retiree health insurance through John's employer, but the Affordable Care Act may be a better option?
We would like a retirement income of around $90,000, but could get by with less, especially in the early stages while we are RVing. We will get around $3,000 combined (today's dollars) in SS once we hit 62, if we retire now.
Do we dare retire now or do we need to work a couple more years?
Any advice appreciated!
We should net about $800,000 (non taxable) from our home sale and have about $900,000 (taxable) in IRAs with Fidelity. We are 56 now. My husband's's career was as a route salesman for a national food chain (selling to stores and driving truck) but after big company #1 sold to big company #2, pay and benefits are going in the wrong direction. I still have an active law license, but have not been practicing for a few years because of a diversion into politics (cured of that now!).
We are both capable of working part time, but prefer not to worry about a pay check while traveling. We can get expensive ($1,000\month) retiree health insurance through John's employer, but the Affordable Care Act may be a better option?
We would like a retirement income of around $90,000, but could get by with less, especially in the early stages while we are RVing. We will get around $3,000 combined (today's dollars) in SS once we hit 62, if we retire now.
Do we dare retire now or do we need to work a couple more years?
Any advice appreciated!
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