Hello,
I will be 43 in August.
My wife and I are considering retirement.
Here is my situation:
1. My House is paid for.
2. I own one rental property with a value of 250k which brings me $22k per year.
3. I have $600k in a retirement account.
4. I have $75k in each of my childrens college accounts. My children are 4 years, and 7 years away from college.
5. I have $2.1m in savings.
6. I currently spend 100k per year.
7. My wife does not work, and will not qualify for SS.
8. My vehicles are paid for.
9. I have zero debit.
10. My wife and I have $80k in IRA's.
Questions:
1. Can I retire, or semi retire at the age of 43?
2. Currently my investments range from Muni Bonds, to Stocks, and Cash. What is the best balance to handle retirement?
I will be 43 in August.
My wife and I are considering retirement.
Here is my situation:
1. My House is paid for.
2. I own one rental property with a value of 250k which brings me $22k per year.
3. I have $600k in a retirement account.
4. I have $75k in each of my childrens college accounts. My children are 4 years, and 7 years away from college.
5. I have $2.1m in savings.
6. I currently spend 100k per year.
7. My wife does not work, and will not qualify for SS.
8. My vehicles are paid for.
9. I have zero debit.
10. My wife and I have $80k in IRA's.
Questions:
1. Can I retire, or semi retire at the age of 43?
2. Currently my investments range from Muni Bonds, to Stocks, and Cash. What is the best balance to handle retirement?