Reply to I want to be self-employed/be partially retired.

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[quote=Anonymous][quote=Anonymous]OP here: I already have a side business that brings in 55k a year. If I were to partially retire what I mean is that I would try to scale up that business. I think I can get to over 100k in 6 months.

I have 850k in retirement. I have 375k liquid. I don’t have property (I just sold) and feel priced out of the area. I can’t move now. I also have kids. I feel like I have enough cushion to take the risk of working for myself but was wondering what others would think. I am late 40s. I have also considered switching careers but the ROI on retraining does not seem worth it.[/quote]
The biggest issue is healthcare.  ACA insurance is very pricey.  You'll also want to coverage for your kids, I assume.  Wherever you think of moving to, check the ACA marketplace first.

We were self employed for many years and had ACA insurance.   While ACA has enabled many, including us, to become self employed, it is very expensive.

At 40something, you have like 15 to 20 years of needing private insurance.  [/quote]

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