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Thank you all for your nice and insightful comments / advice. I plan to work / consult part-time for a while and so does DW; we'll build up a 20-30% income buffer for sure. I'll keep my rentals for the time being, they've been treating us very well so far. Rents are going up lately. I feel...

We are planning to retire at the end of the year. I'm 60, DW is 53. Kids are out of college and working. We live in Texas so there is no state income tax. This is what our financial situation will look like: Primary home: 300K, paid off. Stocks: 900K Bonds: 100K (i-bonds and TIPS) 4 rental...