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Money and Finances
Reply to "Disagreeing on when to retire with spouse"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. We have around $2.5-3m in assets, excluding any home equity in our primary residence. I feel like we can live on just my spouse's income, maybe cutting back just slightly. My spouse does not want to cut back on our lifestyle at all.[/quote] What if he also wants to retire now? [/quote] Why do you assume OP is a woman - is it just because the site is called "DC Urban Moms?" The FIRE movement, especially the ultra-early and ultra-frugal version, which OP is espousing, is made up almost 100% of men.[/quote] +1[/quote] I was driving home thinking about this post. And it occurred to me that OP is a guy. That is why there is no mention of child care, concern about college. He's dreams of being a slacker, which doesn't cost that much--with no concern for his kids. He might be the guy who said on another thread that no way was he paying for his kids college. Let them get loans! I wonder how much he has contributed to this 2.5 - 3MM assets. (Note how he calls them assets and wouldn't clarify when asked what these assets are.) And I bet a lot is crypto. DW has grown up and seen what it takes and now she's stuck with a slacker and doing all the work.[/quote] +1 Once you add kids, you don't plan to retire until they are at least in college (and college is fully funded and you can afford healthcare for everyone, including the kids in college). I wouldn't' retire until you are well set financial, because health issues can cost a lot, and once you leave it's hard to go back. But you chose to have kids, so you should provide for in-state college and normal expenses until they are done with college and get first real job. You don't get to retire early and tell them "enjoy your life, figure college out on your own" [/quote]
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