Hello all,
I’ve lurked on here for several months and have learned that “what I don’t know” is greater than “what I know”. That being said, I’d like to post my stats and get some advice.
I lost my dad over Christmas to dementia. He was 74. His 83 yr old brother passed six weeks before that and now my remaining uncle (in his late 70’s) was just diagnosed with stage 4 cancer.
I’m a cancer survivor myself (5 yrs in remission) who was left with an degenerative autoimmune disease (also in remission with meds) triggered by the chemo. Life is short and I’ve already won the genetic lottery twice ... chances are pretty good that I won’t see 80.
Mega Corp keeps getting bigger and I’m currently handling the workload for two positions as there’s a hiring freeze. I’m frustrated, still grieving and so tired that I just sleep and work. This isn’t living...
I’m 48, divorced and no children.
Cash: $205k in MM earning 1.7%
401k: $190k
Taxable portfolio: $624k all equities
Currently earning $14k/yr in dividends and interest.
I calculated SS if I quit today would be $1,900/mo at 67.
Only debt is my mortgage. I plan on selling the house in the spring and using the ~ $125k equity I should recoup(after expenses) to purchase another outright.
Annual expenses are $38k including HI
I’ve checked ACA plans in my area and, if I can keep my MAGI low, I can get coverage that includes my meds and docs at a cheaper premium than what I pay through MC (with subsidies).
My questions are:
Can I retire?
If no, how close am I?
If so, what withdrawal sequence should I use?
Thanks so much for your help.
I’ve lurked on here for several months and have learned that “what I don’t know” is greater than “what I know”. That being said, I’d like to post my stats and get some advice.
I lost my dad over Christmas to dementia. He was 74. His 83 yr old brother passed six weeks before that and now my remaining uncle (in his late 70’s) was just diagnosed with stage 4 cancer.
I’m a cancer survivor myself (5 yrs in remission) who was left with an degenerative autoimmune disease (also in remission with meds) triggered by the chemo. Life is short and I’ve already won the genetic lottery twice ... chances are pretty good that I won’t see 80.
Mega Corp keeps getting bigger and I’m currently handling the workload for two positions as there’s a hiring freeze. I’m frustrated, still grieving and so tired that I just sleep and work. This isn’t living...
I’m 48, divorced and no children.
Cash: $205k in MM earning 1.7%
401k: $190k
Taxable portfolio: $624k all equities
Currently earning $14k/yr in dividends and interest.
I calculated SS if I quit today would be $1,900/mo at 67.
Only debt is my mortgage. I plan on selling the house in the spring and using the ~ $125k equity I should recoup(after expenses) to purchase another outright.
Annual expenses are $38k including HI
I’ve checked ACA plans in my area and, if I can keep my MAGI low, I can get coverage that includes my meds and docs at a cheaper premium than what I pay through MC (with subsidies).
My questions are:
Can I retire?
If no, how close am I?
If so, what withdrawal sequence should I use?
Thanks so much for your help.