Newbie here. Thought I was ready to pull the trigger by end of July but after reading the "62 with a 12 and 14 year old" post I'm thinking if he's not even sure, I'm not even close.
Actually I think he's way way way overly cautious and every day he waits is a day he'll regret he lost, but I'm a blunt guy.
Anyway, here's my stats...
56 YO, 17 and 19 YO, and stay at home wife.
529's fully funded for college. (100K a piece)
2.5 million in taxable IRA/401K savings and 1.1 million in a ROTH/after tax.
No mortgage or any other debts
Pension starts at 65, $36k/year (no inflation protection).
Would like to buy a rental/vacation property in the mountains.
Planning on spending about 120K/year including health insurance which I estimate $20K/year
Firecalc giving me a 100% right now. $3.6 million to $56 million after 40 years.
I HATE my job and have several passions I can't wait to pursue.
Everything looking OK? Am I missing something?
Actually I think he's way way way overly cautious and every day he waits is a day he'll regret he lost, but I'm a blunt guy.
Anyway, here's my stats...
56 YO, 17 and 19 YO, and stay at home wife.
529's fully funded for college. (100K a piece)
2.5 million in taxable IRA/401K savings and 1.1 million in a ROTH/after tax.
No mortgage or any other debts
Pension starts at 65, $36k/year (no inflation protection).
Would like to buy a rental/vacation property in the mountains.
Planning on spending about 120K/year including health insurance which I estimate $20K/year
Firecalc giving me a 100% right now. $3.6 million to $56 million after 40 years.
I HATE my job and have several passions I can't wait to pursue.
Everything looking OK? Am I missing something?