Reply to Savings in reverse... is there a calculator to help figure out if we can retire now?

Forum Index » Money and Finances

Reply to "Savings in reverse... is there a calculator to help figure out if we can retire now?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]Op here. I should say that both DH are mid fifties and have been trying to get new jobs with no success for a couple of years. So losing our jobs now could potentially be permanent in terms of the income level we have now. It’s more like a 30 year retirement scenario.  If we lost our jobs this year ideally we would live off our non IRAs until at least 58 right? Should I factor in depleting our taxable savings first? We have in 529s about half of a private college expense saved. Other big expense is private high school (4 years tuition).  Anyone have idea how much medical, dental,vision insurance is privately per year for family of 5? [/quote]

I would look for jobs that may be a step down but provide health insurance and cover most of your yearly nut.  How many more years of private school?  That may have to be jettisoned.

Medical, dental, vision are quite expensive for the 57-65 ages.  Some of it is dependent on your income level.  My SIL and BIL are paying about $30k a year for theirs without any dependents- as one data point- He is 63 and she is 62.  If you have any preexisting conditions (and we all seem to at that age), it may get pricier as Congress continues to carve away the ACA.  [/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