Forgot to mention...my previous home was on about a 1/3 acre...while most of my neighbors had someone do their lawns...I just could not see paying someone to mow. Like others have mentioned...I did enjoy the zen experience.
I grew up in the midwest and moved to Texas in 1976...was transferred to Chicago...then Detroit for a year each in 1997-1999...my family and I realized there is no place like the south...I was lucky to be able to transfer back to Houston. I sure did not like getting up at 4:00AM to shovel my...
Plan to retire in 3 years at age 55. Will have about 600K in Profit Sharing. I would like to take 100K to pay off my mortgage. Can I do that without getting the 10% penalty for early withdrawl plus take payments on the remaining amount via 72t.
Thanks,
Rollie
Thank you all for the great feedback. My DW does not have a pension plan or profit sharing...she had a full time job raising our kids...now working just part-time. So we are counting on my company pension and profit sharing. I requested a SS estimate with me retiring at 55...the est. is...
What is everyone's opion on takeing a lump sum vs. pension. My dilema is that a lump sum payout (base on a 30 yr tres. rate of 6%) is $650K...my joint annuity option is $3674/mo. No inflation rider on it. At 4% SWR. my lump sum will deliver $2166/mo. I am currently 52...going for 55 ER. I have...
I have used Financial Engines and it gives me a 95% + success rate. Not sure if they use the same FIRE Calcs...I know it uses the Monte Carlo formula.
Thanks,
Rollie