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Reply to "can I afford to maintain my household if I don't work again?"
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[quote=Anonymous][quote=Anonymous]The rental income $6500 is gross income. Monthly expenses Mortgage: $4020 HOA: $120 Gas: $147 Electric: $400 WIFI: $90 Phone: $40 Housekeeping: $200 Credit Card: $1000-$1500 (food/gas/entertainment, medical copay) Water: $65 Auto Insurance: $200 [/quote] Get rid of housekeeping. If you keep your income < 400% federal poverty level, you could be eligible for pretty good subsidies for ACA. But, you have very little wiggle room with only 300K saved since you cannot withdraw from your 401k for another several years.[/quote]
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