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Heres my plan
Old 12-15-2005, 04:14 AM   #1
Confused about dryer sheets
Join Date: Dec 2005
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Heres my plan

I am 41 yrs old with wife and 2 kids 5 and 3 yrs old.* *Our total assets are $750000 house with 200,000 of that debt on 30 yr fixed loan at 5.8%

Bond and stock portfolios totalling 1.3 million with about 60% bond/CD income and 20%stock/20% mutual fund.* *We are not working at the moment and wondering if we can retire permanently.
We have no other debt than the house.* Living in AZ where property taxes are low.
Our kids have USD51K each in education funds with another 13 yrs to go before the funds are needed.*

Any opinions?* Are we OK for the next 35-40yrs?
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Re: Heres my plan
Old 12-15-2005, 05:18 AM   #2
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Re: Heres my plan

Have you computed your annual after tax income needs?
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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Re: Heres my plan
Old 12-15-2005, 06:41 AM   #3
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Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
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Re: Heres my plan

Thats a very impressive portfolio you have at your age. Have you run your numbers through the FIRE calc? Also healthcare is a major concern for most. Do you have good health insurance?

Retired 3/31/2007@52
Investing style: Full time wuss.
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Re: Heres my plan
Old 12-15-2005, 07:52 AM   #4
Confused about dryer sheets
Join Date: Dec 2005
Posts: 2
Re: Heres my plan

Just signed on here and not familiar with the fire calculator. I've got good health insurance for the family paying about 350/month. Not sure yet about our annual income needs as we just moved back to the US from abroad. Living abroad we lived a healthy lifestyle on about USD3K/month which included a live-in maid and rental house costs. I assume we will need at least USD 50K per year after tax to live comfortably in the USA.
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