jgman
Recycles dryer sheets
Hello everyone,
I am currently a Federal Employee looking to retire on December 31 2021. Wanted to get opinions on whether I am financially able or whether to wait a few more years.
Age 56 (turn 57 January 2022)
Single no kids (no heirs so want to spend it all before I pass
TSP $1.1 million
Roth 100k
taxable savings 100k
Debt 470k mortgage (house worth 750k)
no other debt
Federal Pension 5k/month (includes health and dental insurance premiums)
Rental income from home 1k a month
I would like to keep the house although I know I should probably sell it. I love the location and rent out part of it for 1K/month. Im in the process of refinancing to a low rate mortgage P&I of $2600/mth
Thoughts?
I am currently a Federal Employee looking to retire on December 31 2021. Wanted to get opinions on whether I am financially able or whether to wait a few more years.
Age 56 (turn 57 January 2022)
Single no kids (no heirs so want to spend it all before I pass
TSP $1.1 million
Roth 100k
taxable savings 100k
Debt 470k mortgage (house worth 750k)
no other debt
Federal Pension 5k/month (includes health and dental insurance premiums)
Rental income from home 1k a month
I would like to keep the house although I know I should probably sell it. I love the location and rent out part of it for 1K/month. Im in the process of refinancing to a low rate mortgage P&I of $2600/mth
Thoughts?
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