ER - Am I ready?

[maddythebeagle]

Back to original subject I dont think the original poster was considering "substance living" considering he has cable, broadband, and a newer SUV? I think he pointed out that he was thinking of doing some odd jobs for some cash under the table. Really sounds like he is looking to semi-retire.

[ladelfina]

Martha said:

Quote:

The difference between retiring with a portfolio that yields $15,000 a year and being low income and earning $15,000 a year is that the one with the portfolio has more to lose if something goes wrong.

That's true, but if you don't have all the job-related expenses like clothes, commuting, lunch/coffee money, higher taxes... the portfolio $15K may represent more like $20k or more of a 'real-world' salary.

I would be on the optimistic side, especially if occasional odd jobs or other flexible work is in the mix.

[kat]

There's also the substantial advantages in having paid off the mortgage and not having to save that big percentage of salary that went to retirement accounts.