55 years old with 31 years of service in the corporate world. Wife 43, kids 16, 15, 12 &10. Megacorp family insurance plan that I can keep in retirement for about $200 a month. I also have access to VA healthcare, and the wife and kids have CHAMPVA as secondary.
Got about $500K in lump sum retirement, plus another $530K in company sponsored 401K (Total portfolio of just over $1M).
I receive a $43K per year VA pension (tax free), will start receiving Army Reserve retired pay at 60 ($800/Month), and qualify for SS at 62 ($1500/Month) . (All COLA'd).
Kids will all receive college scholorships through the VA (current value is about $1K per month, per child.
Exempt from real estate and personal property taxes.
Now the bad part,..... wife want's a new house !
Should I stay or should I go??
Got about $500K in lump sum retirement, plus another $530K in company sponsored 401K (Total portfolio of just over $1M).
I receive a $43K per year VA pension (tax free), will start receiving Army Reserve retired pay at 60 ($800/Month), and qualify for SS at 62 ($1500/Month) . (All COLA'd).
Kids will all receive college scholorships through the VA (current value is about $1K per month, per child.
Exempt from real estate and personal property taxes.
Now the bad part,..... wife want's a new house !
Should I stay or should I go??