WithAPurpose
Dryer sheet wannabe
Hi every one,
I joined yesterday after lurking for about 5 years. I thought I had thought of everything until I caught a new insight on Roth conversions last week. I realized that being a part of a community of likeminded people can really help, especially by introducing concepts I had not imagined. I either found this site through Nords, or found Nords’ site through this forum. Either way, both have been critical in the development of my readiness to retire.
About me:
I am 43
Recently reduced my Megacorp job to 32 hr/week, pay is acceptable but not overwhelming, benefits are minimal and decreasing.
I have $1.5MM in rental real estate- 20 units, $20k remaining on mortgage, Cash flow of ~$80k/yr after mortgage is finished this year.
$800k in investments (500 trad, 175 Roth, 125 taxable)
I will have a reserve pension (w/ COLA) at 60 from the AF as well as a not-COLA’d small pension from Mega Corp at 60 as well
DH is 57, his retirement from his MegaCorp is scheduled for Feb 2017 with a COLA’d pension after 30 years of ~$35k/yr, with retiree medical at low cost
He inherited his family farm, any cash flow will be plowed back into the farm
His investments of $500k (400 Trad, 100 Roth)
Our home and cars are paid for and the cars will last us at least 5 more years.
Our current expenses of ~$50k/yr will be more than covered by his immediate pension and the rental income(our investments will not need to be touched for income). I think that we will be trying to spend the balance each year on our vacations and his kids and grandkids.
I don’t really have any questions about being FI enough to retire, I just find this community to be supportive in my transition from type A pilot/engineer to relaxed early retiree on the golf course. I am not ready to pull the trigger yet, but my comfort level increases each time I gain a new insight from the boards here.
I also appreciate your input (positive and negative) as I know that I struggle to reach out and ask for help.
I joined yesterday after lurking for about 5 years. I thought I had thought of everything until I caught a new insight on Roth conversions last week. I realized that being a part of a community of likeminded people can really help, especially by introducing concepts I had not imagined. I either found this site through Nords, or found Nords’ site through this forum. Either way, both have been critical in the development of my readiness to retire.
About me:
I am 43
Recently reduced my Megacorp job to 32 hr/week, pay is acceptable but not overwhelming, benefits are minimal and decreasing.
I have $1.5MM in rental real estate- 20 units, $20k remaining on mortgage, Cash flow of ~$80k/yr after mortgage is finished this year.
$800k in investments (500 trad, 175 Roth, 125 taxable)
I will have a reserve pension (w/ COLA) at 60 from the AF as well as a not-COLA’d small pension from Mega Corp at 60 as well
DH is 57, his retirement from his MegaCorp is scheduled for Feb 2017 with a COLA’d pension after 30 years of ~$35k/yr, with retiree medical at low cost
He inherited his family farm, any cash flow will be plowed back into the farm
His investments of $500k (400 Trad, 100 Roth)
Our home and cars are paid for and the cars will last us at least 5 more years.
Our current expenses of ~$50k/yr will be more than covered by his immediate pension and the rental income(our investments will not need to be touched for income). I think that we will be trying to spend the balance each year on our vacations and his kids and grandkids.
I don’t really have any questions about being FI enough to retire, I just find this community to be supportive in my transition from type A pilot/engineer to relaxed early retiree on the golf course. I am not ready to pull the trigger yet, but my comfort level increases each time I gain a new insight from the boards here.
I also appreciate your input (positive and negative) as I know that I struggle to reach out and ask for help.