My name is Chris, and my wife and I are both 53 (been married for 30 years). I make a decent living as a prototype engineer for a large automotive rubber products company, while my wife makes a bit more than me as a project manager for a local home building company.
My 19 YO son still lives at home and will be graduating from UNOH as a diesel tech later this year. My 25 YO daughter has already graduated and is in the CAD industry. She lives 1/4 mile down our county road (we have a 10 acre farm), and will be getting married in October and we have given her a $5000 budget. For the time being, they are both still on my health insurance.
I have been in my 401K for a long time, but only recently started investing at 20% through Fidelity I have about 250K. I will have a 20 year company pension that will amount to about $1000 a month at 62 YO, and with full survivorship. We have both earned a full SS benefit, but will wait to see about how much that will end up being.
Living on a farm, we hope to build a big greenhouse, and ramp up our gardening, while still also traveling extensively in our 32' camper. This last year has been a whirlwind of big expenses including the following;
-$5000 wedding expenses
-$14000 Diesel Excursion used
-$10000 Heartland North Country camper used
-$3500 1968 JD industrial backhoe
-$10000 Heart Defib/pacemaker
-$3000 Car repair
-$10000 Son's tuition help
-$3000 DIY bathroom rebuild
-$3000 DIY auto shop upgrades
This year will be different, and try to limit expenses...most of this stuff was WAY overdue, and truly needed, but looking forward to cutting expenses, increasing investments, and slowing down.
My 19 YO son still lives at home and will be graduating from UNOH as a diesel tech later this year. My 25 YO daughter has already graduated and is in the CAD industry. She lives 1/4 mile down our county road (we have a 10 acre farm), and will be getting married in October and we have given her a $5000 budget. For the time being, they are both still on my health insurance.
I have been in my 401K for a long time, but only recently started investing at 20% through Fidelity I have about 250K. I will have a 20 year company pension that will amount to about $1000 a month at 62 YO, and with full survivorship. We have both earned a full SS benefit, but will wait to see about how much that will end up being.
Living on a farm, we hope to build a big greenhouse, and ramp up our gardening, while still also traveling extensively in our 32' camper. This last year has been a whirlwind of big expenses including the following;
-$5000 wedding expenses
-$14000 Diesel Excursion used
-$10000 Heartland North Country camper used
-$3500 1968 JD industrial backhoe
-$10000 Heart Defib/pacemaker
-$3000 Car repair
-$10000 Son's tuition help
-$3000 DIY bathroom rebuild
-$3000 DIY auto shop upgrades
This year will be different, and try to limit expenses...most of this stuff was WAY overdue, and truly needed, but looking forward to cutting expenses, increasing investments, and slowing down.