Locotony
Dryer sheet wannabe
Hi my name is Tony and i've been lurking for a while now.
I'm 48, Single with 0 debt (outside monthly revolving credit) and turnied in my notice with a corporate giant yesterday
My asset picture is roughly 1.03 million in an inherited IRA, 420K in mixed stocks, 200K in fixed income preferred stock, and 220K in a mixed fixed/growth ETF's. Also have roughly 610K in cash/savings. My current house is jointly owned by myself and my sister (inherited) valued around 225K that also has a roughly 175K joint cash account attached to it and I am in the process of building a new house that is going to be roughly 245K and will be paid for outright. then I will partly reimburse/replenish my cash assets after the sale if the current house. so I figure in the end a net cash loss of 100K after the house is sold/new house paid for since my Sister and I will be splitting the proceeds of the old house sale and the account we attached to it.
Living expenses right now are roughly 36K a year (I live in central MO it is a cheap place to live) and I will be using COBRA to continue medical for a while (470 a month) Every scenario i run through FIREcalc gives me a 100% chance of success but I still am scared about taking this leap even though in my mind I know it is the right thing to do as outside of Family visits/commitments I have not taken a real vacation since 1999.
Anyone have any additional insight as how I can better maximize my income for the next 30+ years?
I'm 48, Single with 0 debt (outside monthly revolving credit) and turnied in my notice with a corporate giant yesterday
My asset picture is roughly 1.03 million in an inherited IRA, 420K in mixed stocks, 200K in fixed income preferred stock, and 220K in a mixed fixed/growth ETF's. Also have roughly 610K in cash/savings. My current house is jointly owned by myself and my sister (inherited) valued around 225K that also has a roughly 175K joint cash account attached to it and I am in the process of building a new house that is going to be roughly 245K and will be paid for outright. then I will partly reimburse/replenish my cash assets after the sale if the current house. so I figure in the end a net cash loss of 100K after the house is sold/new house paid for since my Sister and I will be splitting the proceeds of the old house sale and the account we attached to it.
Living expenses right now are roughly 36K a year (I live in central MO it is a cheap place to live) and I will be using COBRA to continue medical for a while (470 a month) Every scenario i run through FIREcalc gives me a 100% chance of success but I still am scared about taking this leap even though in my mind I know it is the right thing to do as outside of Family visits/commitments I have not taken a real vacation since 1999.
Anyone have any additional insight as how I can better maximize my income for the next 30+ years?