Doc Holiday
Dryer sheet wannabe
Hi ER community. Truly awesome website! I have been forsaking my NYT sub to read this nightly!
My current situation:
Age 52. Married, DW not working, DS in University, DD in HS. Live in Oregon.
Want to retire at 55 (DD graduates HS)
3.6 million in invested assets, 60/40 taxable/401k.
$550k in home equity
$200k in rental home equity (rent at 20k/year)
Investments in retirement accounts are 100% equities currently with the idea that I probably won't touch it until 70.
Here's the rub: my taxable account is about 40% total US, 15% foreign, 5% munis, the rest is in cash (40%). This high cash position is a result of some sales and cashing my own life insurance (still insured at work for $2 M).
My question is a) what do you think the best use for the cash would be/what percentage in bonds and b) the timing of said purchase? The current low rate of return and rising interest rates methinks makes this not the greatest of times to go all in. But I defer to your collective wisdom.
Our budget is currently 50k fixed, 70k fluff. (My DW would say that 70K for Whole Foods is fixed. Jk) 529s for each kid at about 200k.
Goal would be to downsize at FIRE, put equity from main home in market, travel and rent in a variety of outdoorsy locations for a few years until the Ouija board points to yes, settle in one spot. Looking at Washington state for final landing due to no state income tax (and we love the NW), although with primarily capital gains early on, that's less important now.
Both of us planning SS at 67, she has a small pension (7K/y COLA), and we will likely get a sizable inheritance from her parents, but I hate to count those chickens. Rental income as above.
My second, much less concerning question if I haven't tl;dr'd you is: although I will be RE, if I keep my disability going with the (fake) plan of going back to work, will it still pay if I'm injured or do I have to be employed at the time of injury? What do sabbatical people do?
Your cogitation on the above is appreciated in advance. I'm sure I have left out some key info, but will be happy to supply! This is my first post to a FIRE board!
My current situation:
Age 52. Married, DW not working, DS in University, DD in HS. Live in Oregon.
Want to retire at 55 (DD graduates HS)
3.6 million in invested assets, 60/40 taxable/401k.
$550k in home equity
$200k in rental home equity (rent at 20k/year)
Investments in retirement accounts are 100% equities currently with the idea that I probably won't touch it until 70.
Here's the rub: my taxable account is about 40% total US, 15% foreign, 5% munis, the rest is in cash (40%). This high cash position is a result of some sales and cashing my own life insurance (still insured at work for $2 M).
My question is a) what do you think the best use for the cash would be/what percentage in bonds and b) the timing of said purchase? The current low rate of return and rising interest rates methinks makes this not the greatest of times to go all in. But I defer to your collective wisdom.
Our budget is currently 50k fixed, 70k fluff. (My DW would say that 70K for Whole Foods is fixed. Jk) 529s for each kid at about 200k.
Goal would be to downsize at FIRE, put equity from main home in market, travel and rent in a variety of outdoorsy locations for a few years until the Ouija board points to yes, settle in one spot. Looking at Washington state for final landing due to no state income tax (and we love the NW), although with primarily capital gains early on, that's less important now.
Both of us planning SS at 67, she has a small pension (7K/y COLA), and we will likely get a sizable inheritance from her parents, but I hate to count those chickens. Rental income as above.
My second, much less concerning question if I haven't tl;dr'd you is: although I will be RE, if I keep my disability going with the (fake) plan of going back to work, will it still pay if I'm injured or do I have to be employed at the time of injury? What do sabbatical people do?
Your cogitation on the above is appreciated in advance. I'm sure I have left out some key info, but will be happy to supply! This is my first post to a FIRE board!
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