Quantum Sufficit
Recycles dryer sheets
- Joined
- Jan 24, 2011
- Messages
- 128
Hello all,
Wife and I are looking at our target date for FIRE in 5 months (april 2015). I am 48, she 46. Our investable assets are 2 million, 80% in taxable registrations and another 10% in a roth. Therefore 90% of my money is "free of encumbrances" so to speak. We just built our dream retirement home in florida on a Gulf of Mexico access waterfront lot. I came up with these categories for budget. Can you help me envision more?
ALARM MONITORING
50
General checking
Property taxes
700
Separate Account
Cable television/internet
90
General checking
Automobile (lease x 2, 36 months)
370
General Checking/debit
Automobile fuel
225
cash
Auto Insurance
130
General checking/debit
Cell Phones/data
100
General checking/debit
Medical Insurance
1000 (or 0 with rob)
Home
PAID IN FULL!
Groceries/misc
1000
SEPARATE CHECKING ACCT/DEBIT CARD
Top off /replenish on 1st of month
Utilities
200
General checking
Homeowner ins.
170
Pool service (before move)
100 , only 3 months
**
Clothing
wife-part time job
sal- rare clothes
Sewer/water/trash
Tax includes all
Rainy day fund/house maintenance//medical misc expenses (drug, copays)...knockwood pretty healthy)
450
SEPARATE ACCT
Cash allowance for him
150
Cash allowance for her
150
Vacation/travel allowance
? already live in a tropical paradise but add 300/month
Total
5085.00
his part time
4000.00/month (incl ins. stipend)
her Part time
600- goes to her purchases clothes etc.
Portfolio Dividends
Reverse mortgage age 62??
Add 250K to portfolio (add 10k/yr income)
(no heirs, why not)
His ss age 62
2000.00
Her social security age 62
500
Please help me fill in the blanks!
Wife and I are looking at our target date for FIRE in 5 months (april 2015). I am 48, she 46. Our investable assets are 2 million, 80% in taxable registrations and another 10% in a roth. Therefore 90% of my money is "free of encumbrances" so to speak. We just built our dream retirement home in florida on a Gulf of Mexico access waterfront lot. I came up with these categories for budget. Can you help me envision more?
ALARM MONITORING
50
General checking
Property taxes
700
Separate Account
Cable television/internet
90
General checking
Automobile (lease x 2, 36 months)
370
General Checking/debit
Automobile fuel
225
cash
Auto Insurance
130
General checking/debit
Cell Phones/data
100
General checking/debit
Medical Insurance
1000 (or 0 with rob)
Home
PAID IN FULL!
Groceries/misc
1000
SEPARATE CHECKING ACCT/DEBIT CARD
Top off /replenish on 1st of month
Utilities
200
General checking
Homeowner ins.
170
Pool service (before move)
100 , only 3 months
**
Clothing
wife-part time job
sal- rare clothes
Sewer/water/trash
Tax includes all
Rainy day fund/house maintenance//medical misc expenses (drug, copays)...knockwood pretty healthy)
450
SEPARATE ACCT
Cash allowance for him
150
Cash allowance for her
150
Vacation/travel allowance
? already live in a tropical paradise but add 300/month
Total
5085.00
his part time
4000.00/month (incl ins. stipend)
her Part time
600- goes to her purchases clothes etc.
Portfolio Dividends
Reverse mortgage age 62??
Add 250K to portfolio (add 10k/yr income)
(no heirs, why not)
His ss age 62
2000.00
Her social security age 62
500
Please help me fill in the blanks!
Last edited: