Search results

  1. L

    FI at 45? Can I RE?

    Thanks for the feedback! I have thought about buying long term care insurance when I get to 60, but have not otherwise included it as a line item in my budget and do not have a reserve. I will give that some more thought. As to what to do with my time, that is the million dollar question. I...
  2. L

    FI at 45? Can I RE?

    I've gone back and forth on paying off my mortgage, and have settled for now on keeping it to have a higher amount available to FIRE (the reason I have so much currently in cash is I was saving up to pay off the mortgage). We do plan on selling our house at some point and buying the next one in...
  3. L

    FI at 45? Can I RE?

    The $145K does include $40K in mortgage payments and I did not realize I need to back that amount out. Thank you for letting me know! I'll try re-running my numbers to see how much that impacts the success rate.
  4. L

    FI at 45? Can I RE?

    Hi Bill, thanks for the feedback! My spouse will still be working and receiving income on top of the $145K I will be withdrawing from my assets, so I expect we will be paying taxes until (at least) we both stop working. I've estimated 30 percent for US and State taxes, which is included in the...
  5. L

    FI at 45? Can I RE?

    These are all great suggestions, OldShooter, and I will definitely be exploring some of them. I have been mostly focused on hitting my FIRE number and have not yet focused on potential next steps. Thanks!
  6. L

    FI at 45? Can I RE?

    My firm will not let me go part time and my profession (litigator) is one where going part time is hard to accomplish. I have thought about a career change for a few years as a stop gap, but really would prefer to FIRE ?
  7. L

    FI at 45? Can I RE?

    Thanks, SecondCor521! Very helpful suggestions! My spouse is on board with continuing to work. We live in a high COLA, so the only way we could both FIRE right now is if we moved to a lower COLA. We’ve discussed this, but my spouse does not want to uproot the kids or leave our friends...
  8. L

    FI at 45? Can I RE?

    I am a very long time lurker, having first found this website in 2004 or so. It has simultaneously been inspiring (so many people accomplishing incredible financial goals at a very young age) and, at times, depressing (will I ever be able to realistically accomplish what so many others have...
Back
Top Bottom