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FI and nearly RE - Newbie
Old 01-21-2018, 07:03 PM   #1
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FI and nearly RE - Newbie

We'll here we are..Married, both mid to late 50's. House paid off (275k), no debt, 900k in taxable accounts, 1mill in tax differed. No kids at home and college all paid for. Sold business and working there for a while till we can transition out. 400k in "other" assets which includes some owner carry-back on the business sale. We've been saving for 30+ years and we live comfortably on about 75k / year.

Health insurance will surely be our biggest expense, but with the ability to juggle our income by drawing from taxable accounts, we should be able to keep our "income" low enough to qualify for health care tax credits.

I've been reading these threads for a few years and finally decided to join in. So, HELLO!


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Old 01-21-2018, 08:41 PM   #2
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Come on in. The water's fine.

And if I claim to be a wise man, it surely means that I don't know.
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Old 01-21-2018, 08:45 PM   #3
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Looking forward to enjoying what we've been saving for. Our Time!

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Old 01-21-2018, 08:52 PM   #4
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Congrats on the retirement, you will wonder why you didn't test the water sooner!!

Best to you,

Retired May 13th(Friday) 2016 at age 61.
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Old 01-21-2018, 08:59 PM   #5
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2.3mill .. assuming the 75k includes insurance you should be doing great with just 12-20 years until SS carries a big part of that balance. Congrats!
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Old 01-21-2018, 09:10 PM   #6
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75k covers us if we can get ACA tax credtits. Even at 85K / year, we are still at 100% on every monte carlo sim (based on 6% ROI /2.5 inflation). Once we get to SS, we'll be double fine. Selling a business is different than "retiring" from a job. You sell a business when you can, not necessarily when you want. Luckily, we were able to do both at the same time.


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