nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Here's my situation, I'm fed up working and want to ER...probably a common feeling on here, but can I do it? I have $200k in after tax and $400k in tax deferred retirement accounts. I have $150k left on a mortgage on a 2 family valued at $550k and I get $2000/month from it in rent. The monthly mortgage is $2500, $600/month on RE taxes and insurance, $400/month medical ins and $1500 other expenses. I'm 49 and will get a $5k annual pension at 59.5, $12k/year SS at 62 and $12k/year other pension at 65. I think I'm close, but maybe I don't have enough of a cushion yet for potential down years.