Would love to retire early but.....afraid to lose health insurance from my Job.
currently 58 yrs old, DW is 52 and have a 14 yr old son. Current expenses is about $4T/month but can withdraw $5T a month from investments (to last 25 yrs adjusted at 3% inflation) DW works partime (2 days) earning about $800/month, but looking for a full time job now. Plan to take SS at 62 and lessen my withdrawals from investments to make it last longer. Our income should be enough to cover expenses EXCEPT health insurance cost. Still researching how obamacare works and how much it will cost.
Investments in 70% taxable, 20% 401K and 10% roth.
BTW, workplace has been toxic and stressful the past year with the new Boss, causing sleepless nights and getting quite depressed.
Wish I had the full confidence and courage to ER. I have been reading posts here and it has helped me and learned a lot from posters here. Thank You for this site.
Anybody here who wanted to retire early but something holding them back? ...Either health insurance concerns, lack or shortage of investment income, high expenses, family concerns etc. or did anyone pulled the trigger and ER facing these concerns? Did everything went well and found out the concerns were really baseless?
currently 58 yrs old, DW is 52 and have a 14 yr old son. Current expenses is about $4T/month but can withdraw $5T a month from investments (to last 25 yrs adjusted at 3% inflation) DW works partime (2 days) earning about $800/month, but looking for a full time job now. Plan to take SS at 62 and lessen my withdrawals from investments to make it last longer. Our income should be enough to cover expenses EXCEPT health insurance cost. Still researching how obamacare works and how much it will cost.
Investments in 70% taxable, 20% 401K and 10% roth.
BTW, workplace has been toxic and stressful the past year with the new Boss, causing sleepless nights and getting quite depressed.
Wish I had the full confidence and courage to ER. I have been reading posts here and it has helped me and learned a lot from posters here. Thank You for this site.
Anybody here who wanted to retire early but something holding them back? ...Either health insurance concerns, lack or shortage of investment income, high expenses, family concerns etc. or did anyone pulled the trigger and ER facing these concerns? Did everything went well and found out the concerns were really baseless?