Turning 50 in a month
Okay so the big 5-0 is just over 30 days away, and here is where things stand:
Primary Home- $1.49mm $565k mortgage
Second Home- $717.5k Paid
Taxable Portfolio- $7.2mm
IRA- $1.35mm
Roth-$150k
SS $42k me at 70 stopping now, wife will get $21k
No pension
No other debt
Total Spend including Taxes Health insurance is $300k
DW makes $25k part time job she likes and ten years younger
Three kids 11,10,9 have $1.75mm set aside in 529s /other accounts for Ed
Will downsize house at age 62 for $1mm home, reduce spend some as kids leave?
Firecalc just barely 100% spending $290k- assuming DW contributes $10k
I have to work until March of next year for final payment of business sale, which is factored in above, So drum roll, can I retire? Firecalc saying 3.5% WR is 100% living to 87 not including downsizing etc.??
** We assume $25k for misc expenses each year like new furniture, painting, replacing boilers AC Roof etc..
I still feel uncomfortable- I could cut CC club which is $25k or work part time as well.
Okay so the big 5-0 is just over 30 days away, and here is where things stand:
Primary Home- $1.49mm $565k mortgage
Second Home- $717.5k Paid
Taxable Portfolio- $7.2mm
IRA- $1.35mm
Roth-$150k
SS $42k me at 70 stopping now, wife will get $21k
No pension
No other debt
Total Spend including Taxes Health insurance is $300k
DW makes $25k part time job she likes and ten years younger
Three kids 11,10,9 have $1.75mm set aside in 529s /other accounts for Ed
Will downsize house at age 62 for $1mm home, reduce spend some as kids leave?
Firecalc just barely 100% spending $290k- assuming DW contributes $10k
I have to work until March of next year for final payment of business sale, which is factored in above, So drum roll, can I retire? Firecalc saying 3.5% WR is 100% living to 87 not including downsizing etc.??
** We assume $25k for misc expenses each year like new furniture, painting, replacing boilers AC Roof etc..
I still feel uncomfortable- I could cut CC club which is $25k or work part time as well.
Last edited: