Hi from CT. Dreaming of part-time work.
Hi. Been lurking for a while but just joined so I can take part in conversations! I am 33 and my husband is 39 and we have a 2.5 year old son. I would like to switch to a part-time, more laid back job in a couple of years. DH loves his job and will probably stay put until he's 55 or so. I think both of us will definitely want to be fully retired at 55!
My 401k: $167,000
DH 401k: $213,000
My Roth: $34,000
DH Roth: $4,000
Home equity:$226,000 (value: $450k?)
Other: we have each been with our company for 10+ years and each expect at least a $1K/month pension when at age 55ish.
We currently "live" on about $40K a year. The rest going to savings/retirement/extra mortgage payments. I would like to "downsize" my job in 2 years when my son starts Kindergarten so I can be home with him in the early afternoon and have time for all his (future) activities. And maybe take some classes to learn something new! The possibilities are endless and I dream about it often. I think we're on track to make it happen. Looking forward to learning from the members of this board!