DesertSolitaire
Dryer sheet wannabe
Hello everyone,
I just discovered this forum about a month ago, and I've been reading a lot of the posts and I'm grateful for the information provided here by the members.
About me: I'm married, 46 years old, my wife is 42. We live in Utah and are avid backpackers, and travelers. We enjoy hiking, motorcycle riding, camping, music, and traveling.
We are looking to retire in 2031. Currently, our net worth is sitting at $861,156. Of that number, we have $89,991 in cash, $358,584 invested in 401k's/Roth IRA's/HSA/Brokerage. We have no debt, and I have included our home in our net worth at $362,000. I'm not sure if I should include the home in my net worth as I have read differing views on that. We are currently maxing out our 401k's, Roth's, and HSA, plus investing 10k into our brokerage account.
We are looking to purchase an additional home, and get it paid off in 10 years or less with tenants paying rent, and us adding additional money on top of that coming from our income, and unexpected bonuses. After we get the second house paid off, our plan is to save and buy 10 acres or more near the Utah and Colorado border in southern Utah. It's possible depending on circumstances we would sell our two rentals at that point to purchase our forever home, but ideally, we would like to keep them. My wife plans on working until 59. She loves her career and has the opportunity to work in foreign countries on a contract basis. She loves what she does and can't see herself completely walking away until age 59.
We currently make $218k per year combined, and plan on spending in the neighborhood of 80k per year in retirement. Currently we are spending around 40k per year.
Any insight, hole poking is welcome. I'm very happy I discoverd this forum.
I just discovered this forum about a month ago, and I've been reading a lot of the posts and I'm grateful for the information provided here by the members.
About me: I'm married, 46 years old, my wife is 42. We live in Utah and are avid backpackers, and travelers. We enjoy hiking, motorcycle riding, camping, music, and traveling.
We are looking to retire in 2031. Currently, our net worth is sitting at $861,156. Of that number, we have $89,991 in cash, $358,584 invested in 401k's/Roth IRA's/HSA/Brokerage. We have no debt, and I have included our home in our net worth at $362,000. I'm not sure if I should include the home in my net worth as I have read differing views on that. We are currently maxing out our 401k's, Roth's, and HSA, plus investing 10k into our brokerage account.
We are looking to purchase an additional home, and get it paid off in 10 years or less with tenants paying rent, and us adding additional money on top of that coming from our income, and unexpected bonuses. After we get the second house paid off, our plan is to save and buy 10 acres or more near the Utah and Colorado border in southern Utah. It's possible depending on circumstances we would sell our two rentals at that point to purchase our forever home, but ideally, we would like to keep them. My wife plans on working until 59. She loves her career and has the opportunity to work in foreign countries on a contract basis. She loves what she does and can't see herself completely walking away until age 59.
We currently make $218k per year combined, and plan on spending in the neighborhood of 80k per year in retirement. Currently we are spending around 40k per year.
Any insight, hole poking is welcome. I'm very happy I discoverd this forum.