Update from several months ago.
I have relocated to the NC coast with a new job for 6 months but can't seem to rid myself of the "Retire Now" thoughts.
Away from work I have been living a much more relaxed life, spending time at the beach, fishing, running/walking in our new neighborhood. Life has been very good when I am home. Until recently.
The workload has increased over the past 3 months and I am spending more time working late days and now weekend assignments and occasional travel.
Over the past few weeks I find myself waking up after 4 hrs sleep trying to solve the problems I will be facing the next morning. This brings back some unpleasant memories from my previous job.
I think I can retire NOW, and look for part time consulting work as I enjoy a break from full time work.
I am ~61 1/2, DW 56.
$560k pre-tax with AA 55/40/5
$19k HSA
$50k post tax.
$7400/yr pension.
$18k mortgage (incl Insurance, taxes), 29 yrs remaining, 3.875%. I can accelerate the payments but am not in a hurry to pay this off given the rate.
Total annual expenses incl mortgage, income taxes: $55k
ACA for me and DW. We are in good health and aerobically very fit (run/walk/hike).
** $60/month premium for a plan that has reasonable copays for routine visits, $6k deductible, $16300 max OOP. Limited network.
** $0/month premium for HD plan, $13800 deductible, 13800 max OOP. Broad network. (I believe this plan will allow me to max out the HSA using 401k withdrawals, reducing my taxable income).
I plan to take SS at 65, ~ 30k/yr. DW at 65, ~ $14k/yr.
I am flexible on the SS dates. If the Bull runs a few more years then I will push out the date.
I have ran Firecalc using figures above and have played around with scenarios to see if I could handle additional unexpected expenses and am at 100% success.
DW survivor additional funds. I have a term life policy until age 65 and plan to start a new 500k term policy to cover from age 65 to 75. I believe DW would be ok without it but it seems pretty reasonably priced.
I know that my figures look very low compared to most that post here but I have a good handle on expenses, we are frugal, and willing to be flexible with spending levels as needed.
Thoughts?
I have relocated to the NC coast with a new job for 6 months but can't seem to rid myself of the "Retire Now" thoughts.
Away from work I have been living a much more relaxed life, spending time at the beach, fishing, running/walking in our new neighborhood. Life has been very good when I am home. Until recently.
The workload has increased over the past 3 months and I am spending more time working late days and now weekend assignments and occasional travel.
Over the past few weeks I find myself waking up after 4 hrs sleep trying to solve the problems I will be facing the next morning. This brings back some unpleasant memories from my previous job.
I think I can retire NOW, and look for part time consulting work as I enjoy a break from full time work.
I am ~61 1/2, DW 56.
$560k pre-tax with AA 55/40/5
$19k HSA
$50k post tax.
$7400/yr pension.
$18k mortgage (incl Insurance, taxes), 29 yrs remaining, 3.875%. I can accelerate the payments but am not in a hurry to pay this off given the rate.
Total annual expenses incl mortgage, income taxes: $55k
ACA for me and DW. We are in good health and aerobically very fit (run/walk/hike).
** $60/month premium for a plan that has reasonable copays for routine visits, $6k deductible, $16300 max OOP. Limited network.
** $0/month premium for HD plan, $13800 deductible, 13800 max OOP. Broad network. (I believe this plan will allow me to max out the HSA using 401k withdrawals, reducing my taxable income).
I plan to take SS at 65, ~ 30k/yr. DW at 65, ~ $14k/yr.
I am flexible on the SS dates. If the Bull runs a few more years then I will push out the date.
I have ran Firecalc using figures above and have played around with scenarios to see if I could handle additional unexpected expenses and am at 100% success.
DW survivor additional funds. I have a term life policy until age 65 and plan to start a new 500k term policy to cover from age 65 to 75. I believe DW would be ok without it but it seems pretty reasonably priced.
I know that my figures look very low compared to most that post here but I have a good handle on expenses, we are frugal, and willing to be flexible with spending levels as needed.
Thoughts?
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