papadad111
Thinks s/he gets paid by the post
- Joined
- Oct 4, 2007
- Messages
- 1,135
Yes. Fair points as I didn't count the primary residence. And he can't get to his pensions for another probably 20 years. Could sell the house and pay rent to eat of course but I doubt it would cash flow. "Early" retirement not highly likely. Retirement at 65 yes but who the heck wants to do that on an ER board !!
Family age 34 /33 should have 3x-4x their annual income saved. That would be 600k. He has pension but no detail on the value of it today or in the future. Nor how secure his job is for the next 20 ...let alone his wife's job.
Age 33 wife. Means baby 2 comes within the next 3 - 4 years. Then full time mommy-work likely to follow ?
Not popping anyone's bubble but I am still a skeptic. The savings rate is just too low for too long to be able to make a 180 degree change. It's not so much the math - he has the income and pension - it's the behavioral spender vs saver mentality that will break them.
Sent from my iPhone using Early Retirement Forum
Family age 34 /33 should have 3x-4x their annual income saved. That would be 600k. He has pension but no detail on the value of it today or in the future. Nor how secure his job is for the next 20 ...let alone his wife's job.
Age 33 wife. Means baby 2 comes within the next 3 - 4 years. Then full time mommy-work likely to follow ?
Not popping anyone's bubble but I am still a skeptic. The savings rate is just too low for too long to be able to make a 180 degree change. It's not so much the math - he has the income and pension - it's the behavioral spender vs saver mentality that will break them.
Sent from my iPhone using Early Retirement Forum
Last edited: