Originally Posted by Nords
Well, you've solved the health insurance challenge.* That's huge.
You've listed roughly $35K/year in pension income, another $12-20K/year in part-time income, but only $6000/year expenses.* So your income looks pretty good as long as you're not burning your portfolio.* But without knowing your expenses, it's hard to figure out whether it works or not...
Not much in any portfolio, sent two kids to medical school.
Our expenses are nothing extravigant, we are two healthy 51 and 53 yos moving out of the high stress northeast and moving to the raleigh area.
I figured over the last year we made about 90,000 and took home 60,000 paid 24,000 to pay my mortgage and taxes, another 9,000 in auto expenses which are now done paid the 2004 and 2005 cars off so we lived on about27,000 and saved about 6,000.
We will get SS the wife in 9 years and me in 11 wife worked as a full time RN for over 20 years and we figure about 750 a month at 62, me 1350 at 62.
Nords you guys have been a big help.
My house sold and we will be taking a big windfall and putting most of it down on the new house. We will have a 45,000 dollar mortgage.