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Reply to "How much do you think you need for retirement, salary and age (and when you expect to retire)"
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[quote=Anonymous]We hope to retire when the youngest goes to college at age 55, and maybe move closer to home/family so we can cash out some of our million-dollar equity in our home. The biggest obstacle is health insurance. So, I may keep my job, and go PT at 80% which allows me to keep health insurance. We have over $2MM now at age 47, not including college or home equity. DH does his Dad's finances and we expect $1MM+ from his estate. +1 on the other threads, no matter how repetitive they seem. There's always more to consider and I like hearing how others are approaching these impt. issues. Today, I was reminded how big of a chunk of our budget is child-related, which will go away in retirement.[/quote]
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