Toast
Thinks s/he gets paid by the post
Hello to an amazing group of very helpful folks!
I've been lurking since 2018, created an account last year, and finally decided to make an introductory post. I can't even begin to tell you how grateful DH and I are for the wisdom shared in these forums.
A bit about us: high school sweethearts married for 30+ years, no kids. We got married straight after undergrad, started with nothing, and have built an amazing life together.
I have a 24/7 high stress j*b and want to retire in the next year or two. DH is very supportive and encourages taking the leap sooner rather than later. He likes his j*b and is prepared to work until 63.5 which would allow us to Cobra until medicare age.
Several years ago, our w*rk brought us to a high cost of living area. Once DH retires, we'll move back "home" to a very low cost of living area, where we spent the first 40+ years of our lives to be closer to extended family. We would move today if it weren't for DH's j*b. Good salary, enjoyable w*rk, and state pension keeps us here.
Importantly, we've run the numbers and can comfortably afford to live on DH's income alone while continuing saving for retirement.
Current annual expenses: ~40,000 (includes mortgage payment)
Pension at 65: ~37,500 COLA'd 100% survivor
Combined SS at 67: ~57,000 (DH: 38,000 Me: 19,000)
Combined current investments all in target date 2035 funds:
Roth IRAs: ~200,000
401k(b)/403(b)/457(b): ~800,000
Individual stocks: ~10,000
Home: new home built in 2017 valued at 650,000 only owe 70,000
2 paid off fairly new low mileage SUVs
No real questions at this time. We are eager to continue learning and hope to contribute.
Thanks,
Toast
I've been lurking since 2018, created an account last year, and finally decided to make an introductory post. I can't even begin to tell you how grateful DH and I are for the wisdom shared in these forums.
A bit about us: high school sweethearts married for 30+ years, no kids. We got married straight after undergrad, started with nothing, and have built an amazing life together.
I have a 24/7 high stress j*b and want to retire in the next year or two. DH is very supportive and encourages taking the leap sooner rather than later. He likes his j*b and is prepared to work until 63.5 which would allow us to Cobra until medicare age.
Several years ago, our w*rk brought us to a high cost of living area. Once DH retires, we'll move back "home" to a very low cost of living area, where we spent the first 40+ years of our lives to be closer to extended family. We would move today if it weren't for DH's j*b. Good salary, enjoyable w*rk, and state pension keeps us here.
Importantly, we've run the numbers and can comfortably afford to live on DH's income alone while continuing saving for retirement.
Current annual expenses: ~40,000 (includes mortgage payment)
Pension at 65: ~37,500 COLA'd 100% survivor
Combined SS at 67: ~57,000 (DH: 38,000 Me: 19,000)
Combined current investments all in target date 2035 funds:
Roth IRAs: ~200,000
401k(b)/403(b)/457(b): ~800,000
Individual stocks: ~10,000
Home: new home built in 2017 valued at 650,000 only owe 70,000
2 paid off fairly new low mileage SUVs
No real questions at this time. We are eager to continue learning and hope to contribute.
Thanks,
Toast
