Hello everyone. I've been lurking for a day and am ready to get my feet wet in this forum!
DH ,54, and I, 46, are still on the treadmill and hoping for FI by 2M or so ( current income is roughly $7500/mo after taxes and deductions) .DH will qualify for a small pension next year and we hope to get him ER by 61 due to health reasons.
We've got one in college, entering his last year this month. Our oldest just moved back home after finishing his degree. He leaves school with $5500 in loans ( his brother will leave with the same level of debt).
We have some debt to tackle
and the last year of university expenses to deal with this next year ( just paid $4K of the 6k tuition for this semester this week) but we are also at 60% home equity with nearly 900k in IRA/401/Roths.
I just upped my contributions to 14% and will likely have DH up his as well.
Currently working on reducing expenses- I cancelled a premium cable channel ( DH loves his cable- so will need to work harder on that) , discontinued the newspaper subscription recently and was able to reduce car insurance by $600 per year.
We keep dining out costs low by going out for lunch instead ( if at all) and I'm a recovering couponer so we're still living off a nice stockpile of non-perishables, household and personal supplies.
We are monitoring expenses/NW on Mint and hoping to work our way through the debt/mortgage we have now that we are down to only one in school.
We'd love to move "back home" where there's a lower cost of living after FIRE
and probably buying a house outright with proceeds from our current home which is more than we need or want to continue to pay high property taxes on (almost $1k per mo)
I'm glad I found this forum to help catapult us to our upcoming milestones!