Well, I've been lurking for awhile now, learning lots. And one of the first things I've come to grips with is that its too late for me to early retire. Until I started reading here, retiring at 57 sounded early. But it seems middling at best after reading what others have done.
Currently age 50. Four kids. One with kids of his own, one in college, and two in high school (a sophomore and a junior). Both my wife and I work, with roughly equivalent incomes. She has 6 years to go before having the minimum points for retirement from her company, and with luck, the youngest will be through undergrad in 7 years. So realistically, from a commitment standpoint, we're looking at 6-7 years to ER and hope to be prepared.
We currently have $775K in 401K and IRAs, and no mortgage. The 401Ks are predominately in equities, and we're adding ~20K per year between us.
Anyway, great to come aboard. Feels like I know half the folks here already!
Currently age 50. Four kids. One with kids of his own, one in college, and two in high school (a sophomore and a junior). Both my wife and I work, with roughly equivalent incomes. She has 6 years to go before having the minimum points for retirement from her company, and with luck, the youngest will be through undergrad in 7 years. So realistically, from a commitment standpoint, we're looking at 6-7 years to ER and hope to be prepared.
We currently have $775K in 401K and IRAs, and no mortgage. The 401Ks are predominately in equities, and we're adding ~20K per year between us.
Anyway, great to come aboard. Feels like I know half the folks here already!