Reply to Not sure I’m gonna make it another 5 years…

Forum Index » Jobs and Careers

Reply to "Not sure I’m gonna make it another 5 years…"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]The 2.5 is joint retirement savings for you both? Do you have other savings or investments? How much house equity? Do you plan to stay in your home or move?

You could easily quit if your spouse is still working. He covers the health insurance and brings in some cash. You spend your time making that money stretch and perhaps pick up a part time job.

This would be tight for both of you to stop working though. You need enough income to get you to 59 until you can take out retirement money without penalty.

If you're serious about it Id consider a budget on just your husband's salary, including ways to beef up your cash reserves. If this goes well for 2 years you can consider next steps.[/quote]

The $2.5M is both our retirements, but not including $1m in home equity. We don’t plan to move, our house is very livable for retirement. and kids will probably settle back here in the area after college, at least at first.

I like the idea of living on more of spouse’s salary for a bit, saving more cash, and seeing how it goes.

Also I think I need a big distraction or hobby from work. Not sure what that is. I already work out a lot and travel when we can. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics