I'm planning on taking a buy-out in a couple of months. We have been living on $40K or less a year for quite a few years. I've figured the taxes for '10 and '11 using the best knowledge I can obtain and everything still works to actually exceed that amount. I've got a few years left until 62 and she is going to keep working for a while. I have factored in increases in taxes both fed and local. I even factored in getting the 2 kids out of the house in a few years.
I have no debts of any kind. I have at least a half million projects to keep me busy and will probably scare up a little income on the side.
Is there anything I'm missing?
I have no debts of any kind. I have at least a half million projects to keep me busy and will probably scare up a little income on the side.
Is there anything I'm missing?