so I'm 52 and the Mrs. is 57. I worked the past 27 years for my brother until he "tragically" did this summer at the age of 58. I decided to take a year off, mainly cause I a mental mess at the moment. Firecalc says I'm good to go, but I would love to hear from anyone with similar numbers.
Wife gets SSDI of about $1,000 a month
We have a total moderate stock portfolio of about $650,000
We have no debt, (mortage is paid off)
We have a rental property that clears about $10k per year after expenses.
We live a frugal life and my budget shows we'll need about $48k a year to get by.
I plan on taking SS at 62 with a expected payment of about $1400 a month.
So, am I crazy to not go back to work? Anyone with similar numbers have any first hand experience to pass along?
Wife gets SSDI of about $1,000 a month
We have a total moderate stock portfolio of about $650,000
We have no debt, (mortage is paid off)
We have a rental property that clears about $10k per year after expenses.
We live a frugal life and my budget shows we'll need about $48k a year to get by.
I plan on taking SS at 62 with a expected payment of about $1400 a month.
So, am I crazy to not go back to work? Anyone with similar numbers have any first hand experience to pass along?