Bruceski44
Recycles dryer sheets
- Joined
- Apr 13, 2016
- Messages
- 191
Hi!
I'm 57 and am planning to retire just prior to my 60th birthday. I live in SoCal with my wife and extended family, including 6 grandchildren. Relocation is not a possibility.
My ER plan involves creating passive cashflow streams using real estate and dividend income to cover our spending. My expected withdrawal rate from IRA/401k is 0-2%
Healthcare is the biggest hurdle. I was going to keep our mortgage for the tax deduction, but realized from reading this site that the MAGI for ACA includes every form of income known to man and the extra income needed to pay the mortgage (for which no deduction is allowed) will put us well over the 4x Federal Poverty Level (FPL) and will disqualify us from any subsidies. So new goal: pay off the mortgage!
I'm looking forward to learning more from this site and will post if I have something worthwhile to share or ask. I'm grateful this site exists and for the collective wisdom available here.
Best regards,
Bruceski
I'm 57 and am planning to retire just prior to my 60th birthday. I live in SoCal with my wife and extended family, including 6 grandchildren. Relocation is not a possibility.
My ER plan involves creating passive cashflow streams using real estate and dividend income to cover our spending. My expected withdrawal rate from IRA/401k is 0-2%
Healthcare is the biggest hurdle. I was going to keep our mortgage for the tax deduction, but realized from reading this site that the MAGI for ACA includes every form of income known to man and the extra income needed to pay the mortgage (for which no deduction is allowed) will put us well over the 4x Federal Poverty Level (FPL) and will disqualify us from any subsidies. So new goal: pay off the mortgage!
I'm looking forward to learning more from this site and will post if I have something worthwhile to share or ask. I'm grateful this site exists and for the collective wisdom available here.
Best regards,
Bruceski