Hello All, I have been lurking on here for awhile and I am ready to hang it up as I've been burned out. I am in sales and due to industry changes and company missteps the job has become horrible and very stressful.
I am 53 years old and I have the following assets.
401(k): 600K
Other retirement plan: 55K
Annuity: 22K
CDs: 1M at about 2.5% for 18 months generating monthly income
Cash: 400K getting 1.8% at the moment
Car: paid for
I live with my GF (55) and we moved from a different state. She had a house that was paid off so she took that money (250K) and put it in a 5yr CD at 3.5%. We are renting where I pay 900 a month and she pays the rest. I would buy here but the property taxes are horrible along with an HOA I'm looking at the area of 900 a month hence the reason I rent. We may look at moving to a different state if we buy a house in like TN or NC. We don't have any kids. I don't have any other bills except for food and utilities and my gym memberships.
I'm in excellent health but that's one of the things you never know so I will have to buy my own health insurance. Not sure if the ACA will be around. This is really the thing that worries me the most. I also don't calculate SS into my thoughts as I'm not sure what it will be in the coming years. Do you thing I can do it?
I am 53 years old and I have the following assets.
401(k): 600K
Other retirement plan: 55K
Annuity: 22K
CDs: 1M at about 2.5% for 18 months generating monthly income
Cash: 400K getting 1.8% at the moment
Car: paid for
I live with my GF (55) and we moved from a different state. She had a house that was paid off so she took that money (250K) and put it in a 5yr CD at 3.5%. We are renting where I pay 900 a month and she pays the rest. I would buy here but the property taxes are horrible along with an HOA I'm looking at the area of 900 a month hence the reason I rent. We may look at moving to a different state if we buy a house in like TN or NC. We don't have any kids. I don't have any other bills except for food and utilities and my gym memberships.
I'm in excellent health but that's one of the things you never know so I will have to buy my own health insurance. Not sure if the ACA will be around. This is really the thing that worries me the most. I also don't calculate SS into my thoughts as I'm not sure what it will be in the coming years. Do you thing I can do it?