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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][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thats incredible savings for a single person, especially having that much in retirement accounts![/quote] +1 Can you move to a lower cost of living location if your job goes away? [/quote] Yes - In 6 years. Moving is an option after my children are done with high school & in college.[/quote] I mean, I think you can make it work. You already know how to save, presumably also how to be frugal. What seems high is your mortgage, but you can live off savings until you get to Social Security. You've also got the rental income, so that helps a lot. You seem like the textbook case of when to use the rule of 55, if your current employer's plan allows it. https://www.fidelity.com/learning-center/personal-finance/what-is-rule-of-55[/quote] don't think that applies for OP. "You must leave your job during or after the calendar year you turn 55."[/quote] Right. She thinks she might lose her job in a few years. So it just depends on timing.[/quote]
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