Hi everyone. I've been a frequent lurker for nearly a year now and just wanted to thank everyone for providing such a great resource. A few years ago, I would never have believed FIRE by 40 would be possible. Now I think it really is possible and it's such a great feeling to know we may have that freedom.
I'm 34. My DW is 33. I didn't finish school until 27 (with $60,000 in loans). We've since paid off the loans and now have about $350,000 in retirement savings (taxable and tax deferred). We're saving about $70,000 a year. We have a home with about 400,000 in equity and a mortgage of $190,000. I've estimated our annual retirement expenses at about $28,000 with no mortgage, much lower taxes but much higher health care costs.
The biggest challenge we'll face is health insurance. (I almost chose the username HighRisk rather than SaveSome).
Thanks to this board, I've discovered quite a bit of information. I suspect we'll need to move to a state with a high risk pool for me. So far, it looks like Colorado and Utah are two states with high risk pools we've looked at closely as they also have good fly fishing! I noticed recently, however, that BCBS is no longer administering Utah's pool which calls into question the stability of these pools. If anyone has actual experience with these pools, I'd really like to hear about it.
Thanks again everyone.