coltsfan53
Dryer sheet aficionado
I wanted to get some opinions on whether to FIRE or not from this fine community. Here is our current scenario:
Me - 44 years old, stressful sales job. I enjoy it but I could also see another mode of life being more fulfilling. Income 200k per year.
Wife - 35 years old. She has a job that she could take or leave. Makes around 50k per year.
We have no children and, barring a miracle, do not see any on the horizon.
Portfolio:
Cash: $50k
Taxable: $1MM
IRA: $655,000
401k: $303,000
Pensions: I have 2 vested at this point; will bring $24K (no COLA) at 65.
Spend:
$80-100K per year
Only debt is $315K left on mortgage ($1,800 a month for next 19 years); $235K in equity
I am a slight 4% SWR skeptic over a potential 50 year retirement; I am also more than clueless about taxes for the early retirement class.
Thanks for your input!
Me - 44 years old, stressful sales job. I enjoy it but I could also see another mode of life being more fulfilling. Income 200k per year.
Wife - 35 years old. She has a job that she could take or leave. Makes around 50k per year.
We have no children and, barring a miracle, do not see any on the horizon.
Portfolio:
Cash: $50k
Taxable: $1MM
IRA: $655,000
401k: $303,000
Pensions: I have 2 vested at this point; will bring $24K (no COLA) at 65.
Spend:
$80-100K per year
Only debt is $315K left on mortgage ($1,800 a month for next 19 years); $235K in equity
I am a slight 4% SWR skeptic over a potential 50 year retirement; I am also more than clueless about taxes for the early retirement class.
Thanks for your input!
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