Retiredmajor
Recycles dryer sheets
Hi, I'm looking for input! I feel pretty confident in our situation, although our Financial Advisor is very confident and Firecalc shows us a solid. maybe I'm just scaring myself! The thought of not working full time is making my head spin!! Here's our situation:
Thanks Major
- I'm 60, she's 59
- We have $700K in IRA and 403b
- We have $50K in savings
- Only debt is house payment which is $1800 per month (inc tx and ins)
- House will be paid off in 9 years (3.125% interest)
- Monthly expenses = $4500 (inc house payment)
- I have a hobby job that can earn approx $20K - 30K a year
- I have a Military pension that pays $15,000 per year
- We have Tricare Healthcare through Military- no premiums, just pay as you go (85/15)
- Combined SS at 62 will be $2700 month ($32,400 annually)
- I'm retiring later this year, she just retired
- Our plan is to live off pension, savings and hobby job for next year and a half until I collect SS. Might have to draw a little from Nest Egg, hopefully not
- She collects SS 10 months after me
Thanks Major
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