kaudrey
Thinks s/he gets paid by the post
If you read the "second" home thread that was around a little while ago, you may have seen that we were looking at log cabins in WV (we live in DC).
A little background...I have recently come to the conclusion that, although I had wanted to FIRE at 52, it would be stupid to FIRE before I am eligible for my FEHB benefits (fed health bennies). That won't be until I am 56 years, 10 months (I am 41 now).
The numbers looked OK at 52, but having to pay for 13 years of health benefits myself would be such a HUGE unknown at this point, that I am not comfortable with it.
So, the next realization was that if I w*rk that extra 5 years or so, my portfolio is projected to be a lot bigger (obviously), my health care expenses will be much lower, and I will likely have more money than I can imagine needing, realistically.
So, my secondary dream of owning a place in the mountains became a possibility now instead of a much more distant retirement dream (as I am not feeling the need to save 35% of my income as I have been for the past 5 or so years). I will still max out my 401K and save some additional money, but I feel freer to chase this dream.
We close at the end of the month. I am very excited! Here is a pic:
A little background...I have recently come to the conclusion that, although I had wanted to FIRE at 52, it would be stupid to FIRE before I am eligible for my FEHB benefits (fed health bennies). That won't be until I am 56 years, 10 months (I am 41 now).
The numbers looked OK at 52, but having to pay for 13 years of health benefits myself would be such a HUGE unknown at this point, that I am not comfortable with it.
So, the next realization was that if I w*rk that extra 5 years or so, my portfolio is projected to be a lot bigger (obviously), my health care expenses will be much lower, and I will likely have more money than I can imagine needing, realistically.
So, my secondary dream of owning a place in the mountains became a possibility now instead of a much more distant retirement dream (as I am not feeling the need to save 35% of my income as I have been for the past 5 or so years). I will still max out my 401K and save some additional money, but I feel freer to chase this dream.
We close at the end of the month. I am very excited! Here is a pic: