JoseSantiago
Dryer sheet wannabe
- Joined
- Oct 22, 2020
- Messages
- 24
Hello friends,
Here's my scenario, all feedback welcome and appreciated! I am looking to retire in a few years, if possible of course. I would be retiring with:
$60,000 a year government pension, dont qualify for social security
No mortgage, no kids, probably no spouse, but you never know, def no kids
Around $1,100,000 in 401/roth, but most of it is 401, around mabye 100,000 is roth
Looking for to do 3 or so big trips a year ($3-5k) and three small (under 1k), or just live abroad a few months if cheaper in places that are cheaper than where I live (Arizona), I can also rent out my house in this time period for minimum $2k a month, possibly more if I did airbnb style.
I drive a modest car, and am not into toys or big purchases other than travel. But I definitely blow money on dining/eating out.
My concerns are health care, which I plan to heavily explore in this forum. I can move to Italy for free health care under dual citizenship and have some much cheaper towns available if I go that way.
I am not concerned about boredom, hobbies, projects etc will never be done.
I am not against PART TIME work, but honestly don't have a great skills set, I imagine I could make $20 to $30 an hour tops in the real world. I also would not be against working for $1 an hour if it was part time just to get medical benefits.
Any advice, would you leave work in this scenario? Any I wish I knew this before I left you can give me?
Thanks for this forum, I look forward to learning and posting more, and hopefully one day helping others here as well.
Here's my scenario, all feedback welcome and appreciated! I am looking to retire in a few years, if possible of course. I would be retiring with:
$60,000 a year government pension, dont qualify for social security
No mortgage, no kids, probably no spouse, but you never know, def no kids
Around $1,100,000 in 401/roth, but most of it is 401, around mabye 100,000 is roth
Looking for to do 3 or so big trips a year ($3-5k) and three small (under 1k), or just live abroad a few months if cheaper in places that are cheaper than where I live (Arizona), I can also rent out my house in this time period for minimum $2k a month, possibly more if I did airbnb style.
I drive a modest car, and am not into toys or big purchases other than travel. But I definitely blow money on dining/eating out.
My concerns are health care, which I plan to heavily explore in this forum. I can move to Italy for free health care under dual citizenship and have some much cheaper towns available if I go that way.
I am not concerned about boredom, hobbies, projects etc will never be done.
I am not against PART TIME work, but honestly don't have a great skills set, I imagine I could make $20 to $30 an hour tops in the real world. I also would not be against working for $1 an hour if it was part time just to get medical benefits.
Any advice, would you leave work in this scenario? Any I wish I knew this before I left you can give me?
Thanks for this forum, I look forward to learning and posting more, and hopefully one day helping others here as well.