Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Just About There
Old 10-09-2013, 06:31 PM   #1
Confused about dryer sheets
Join Date: Oct 2013
Location: Middle Tennessee
Posts: 3
Just About There

Iíve been planning for this over the years and never knew about this group. I just discovered this great community a few weeks ago and what a thrill to see so many like-minded people. This makes me feel confident that I will have plenty of candid and thoughtful exchanges going forward.
Iíve been working on FI for 20 years and was lucky enough to find a spouse who lives the life naturally. We live very comfortably in a frugal lifestyle, while earning a nice living in the Megacorp world. Wife retired in 2007 & I have finalized on January 2014.
Iím 50 & DW is 53. Kids are out of school & on their own. The high-level, assets are:
$525K - 401K
$600K - IRA (includes DWís rollover 401K)
$1.9M - taxable (securities/fixed income/cash)
$450K - primary home (mortgage free)
$0 Debt
Itís all DIY managed, in need of some allocation work and consolidation.
Our yearly expenses are $50K, which include current insurance & a few luxuries. At the moment, my biggest chore is determining the best option for the health care once I retire. Iím too early for the retiree plan from MegaCorp, so Iím looking at the open market and trying to get a handle on the ACA market. Thoughts on that topic would be appreciated.
ChaseIt is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-09-2013, 06:46 PM   #2
Dryer sheet aficionado
LazyErik's Avatar
Join Date: Jun 2013
Posts: 49
There are some real good discussions going on about the ACA. I'm sure one of the experts will weigh in. There is a whole thread for it.
The few monthly premiums I've seen for people in their mid fifties seem to be reasonable (when compared to private insurance prior to the ACA). I think in general the ACA will be great for those of us that have the investments and financial wherewithal to retire years before Medicare.
With your low expenses, I think you will be more than ok. Good job on the accumulation you guys must have lived well below your means!
LazyErik is offline   Reply With Quote
Old 10-10-2013, 11:59 AM   #3
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
Join Date: Oct 2004
Posts: 1,719
Yes, congratulations on the accumulation.
Jay_Gatsby is offline   Reply With Quote
Old 10-10-2013, 12:14 PM   #4
Thinks s/he gets paid by the post
2B's Avatar
Join Date: Mar 2006
Location: Houston
Posts: 4,337
If you are going to look at getting the subsidy by controlling taxable income, I suggest you give things another month to hopefully settle down. People have accessed the various exchanges but most are still having lots of problems. Anything you purchase won't go into effect until Jan 1, 2014 anyway. Also, you have the option of Cobra for 18 months after you terminate with megacorp. In my situation the Cobra is better coverage for the money than what is on I made a few attempts at the federal exchange and it's just too screwed up.
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B is offline   Reply With Quote
Old 10-11-2013, 05:31 AM   #5
gone traveling
Join Date: Sep 2013
Posts: 1,248
You are in good shape....given your low annual expense.
eta2020 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Quick Links

All times are GMT -6. The time now is 10:31 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.