Hello Everyone
I've been lurking for about a year and decided to join.
I hope to learn from the community.
It is my hope to retire at 57, I'm in sales and the grind has taken its toll.
My wife went back to work last year and is enjoying her new career but admits 5 years sounds like a good time to retire.
We are not sophisticated investors, we have not done well with our IRA
2 steps forward 1-step back.
Open to advice as to what we should be doing to achieve FIRE.
A little about my family
Me-Sales Engineer 52 income 100K plus
Wife Sales Engineer 48 income 90K
2 Children 21 and 19
1 more year of college tuition left....
Portfolio
My IRA 369,000 Vanguard Wellington (lost 2% this year)
Wife's IRA 48,000 Vanguard Wellington
My 401K 55,000 Balanced Fund Company match 3% plus profit sharing
Wife's 401K 12,000 Balanced fund Company match 50%
378,000 cash (I know too much)
Own our Home 300K value
Own our cars 5K value
No Debt
Monthly budget not including tuition but supporting the kids $ 6,000
Paying tuition as we go from my wife's income.
Ran Firecalc a few times and it came up with a range of 12 to 30 years (I think this does not include Social Security)
Using 50K yearly and a 840,000 K portfolio
Again looking for any advice to help us with our goal
Thanks in advance, and if I need more info please let me know I'll do my best
I've been lurking for about a year and decided to join.
I hope to learn from the community.
It is my hope to retire at 57, I'm in sales and the grind has taken its toll.
My wife went back to work last year and is enjoying her new career but admits 5 years sounds like a good time to retire.
We are not sophisticated investors, we have not done well with our IRA
2 steps forward 1-step back.
Open to advice as to what we should be doing to achieve FIRE.
A little about my family
Me-Sales Engineer 52 income 100K plus
Wife Sales Engineer 48 income 90K
2 Children 21 and 19
1 more year of college tuition left....
Portfolio
My IRA 369,000 Vanguard Wellington (lost 2% this year)
Wife's IRA 48,000 Vanguard Wellington
My 401K 55,000 Balanced Fund Company match 3% plus profit sharing
Wife's 401K 12,000 Balanced fund Company match 50%
378,000 cash (I know too much)
Own our Home 300K value
Own our cars 5K value
No Debt
Monthly budget not including tuition but supporting the kids $ 6,000
Paying tuition as we go from my wife's income.
Ran Firecalc a few times and it came up with a range of 12 to 30 years (I think this does not include Social Security)
Using 50K yearly and a 840,000 K portfolio
Again looking for any advice to help us with our goal
Thanks in advance, and if I need more info please let me know I'll do my best
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