Fly Fisher
Confused about dryer sheets
- Joined
- Mar 12, 2013
- Messages
- 5
Today is my last day in full-time corporate banking. I was very pleased to stumble upon this site of like-minded folks. I appreciate any insight you may have. I’m 48 and will be leaving to do part-time contract work (banking and seasonal tax prep) on a glide path towards full retirement in a few years. DW is 52 and will retire in early September of this year. We have accumulated $750k in taxable investments and $825k in retirement accounts. We have no mortgage and no kids. I plan to use funds within an HSA account to pay cobra insurance premiums for 18mos. After that period we’ll buy private health insurance on the new exchanges. We recently sold a real estate property to our business partner on a contract, which will provide $20k/year for 10 years. We will also receive $200k from a family business over the next 5 years, which will be added to taxable investments. With this income and my part-time employment we should cover most of our expenses without tapping investments before I fully retire. Our annual expenses run $60k. FIRE Calc works out to 100%.
I can’t wait to start the next chapter. We lost my father last summer and I’ve lived ~ 2k miles from family for 22 years. Losing Dad was a sobering reminder that life doesn’t wait while you’re considering making a move. So DW and I are moving back to my home state to be closer to family and life-long friends. We’re very excited about the move despite all the work of selling/buying houses, etc. I look forward to sharing more and learning from you good folks as the year progresses.
I can’t wait to start the next chapter. We lost my father last summer and I’ve lived ~ 2k miles from family for 22 years. Losing Dad was a sobering reminder that life doesn’t wait while you’re considering making a move. So DW and I are moving back to my home state to be closer to family and life-long friends. We’re very excited about the move despite all the work of selling/buying houses, etc. I look forward to sharing more and learning from you good folks as the year progresses.