Hi all,
It's been 3 years since I've posted. Here's the last one:
http://www.early-retirement.org/forums/f26/54-discouraged-but-hopeful-in-california-51536.html
In June, my mom passed away, and left an estate. With the money we will be receiving, it makes retirement at age 60 possible. That chunk of money is effectively the "third leg" of the stool, the other two being our savings, and SS starting at 62 for me, and waiting til 65 for DH. No pension for either of us. 1.2 million total portfolio projected, combined with SS and a 35 year retirement gets me a 100% success rate when plugging into firecalc using a small (20%) stock allocation. If we sell our land in New Mexico, that will add at least another 100K to the pot. We paid off all debt. We've decided to stay in our paid for, modest, 1100 sq ft house in small town northern California-maybe splurge and add a second bathroom Property taxes are relatively low because of prop 13. No kids.
We are looking forward to having time to travel, hike, kayak, visit family and continue to pursue our hobbies-my husband plays drums in an instrumental rock band (all original) and I love to paint watercolor.
We will likely shift all our money to Vanguard (have some there now) and I am considering the Wellesley Fund, Admiral Shares. We have become more conservative with investments, and this seems like a good choice. I would love feedback on this, and any other suggestions. I like the all in one fund as it keeps things simple.HC premiums may not be as bad as I thought-we will see how "Covered California" shakes out next year, but I have included 12000/yr for premiums in our spending requirements-60K total, although we can live on less.
Thanks to all of you on this forum for the inspiration and information-you guys are awesome! Mango
It's been 3 years since I've posted. Here's the last one:
http://www.early-retirement.org/forums/f26/54-discouraged-but-hopeful-in-california-51536.html
In June, my mom passed away, and left an estate. With the money we will be receiving, it makes retirement at age 60 possible. That chunk of money is effectively the "third leg" of the stool, the other two being our savings, and SS starting at 62 for me, and waiting til 65 for DH. No pension for either of us. 1.2 million total portfolio projected, combined with SS and a 35 year retirement gets me a 100% success rate when plugging into firecalc using a small (20%) stock allocation. If we sell our land in New Mexico, that will add at least another 100K to the pot. We paid off all debt. We've decided to stay in our paid for, modest, 1100 sq ft house in small town northern California-maybe splurge and add a second bathroom Property taxes are relatively low because of prop 13. No kids.
We are looking forward to having time to travel, hike, kayak, visit family and continue to pursue our hobbies-my husband plays drums in an instrumental rock band (all original) and I love to paint watercolor.
We will likely shift all our money to Vanguard (have some there now) and I am considering the Wellesley Fund, Admiral Shares. We have become more conservative with investments, and this seems like a good choice. I would love feedback on this, and any other suggestions. I like the all in one fund as it keeps things simple.HC premiums may not be as bad as I thought-we will see how "Covered California" shakes out next year, but I have included 12000/yr for premiums in our spending requirements-60K total, although we can live on less.
Thanks to all of you on this forum for the inspiration and information-you guys are awesome! Mango
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