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Money and Finances
Reply to "Life is Easy in NW DC on $300k, AMA"
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[quote=Anonymous][quote=Anonymous]Some questions for OP: When do you expect to retire (age)? How often do you do large scale home improvement projects? [/quote] We haven't done any large scale home improvement projects. We've lived here for 5 years. We've always talked about redoing the master bathroom, but haven't done it. I think it's possible that we renovate it in the next 3 years though. I have no idea when we'll retire. Probably when the younger kids get through college and are on their own two feet? That's probably about 20 years away. If I stay at DOJ for another 23 years, I'd be 63 and collect something like a $53k pension (assuming the $160k fed salary cap remains and I don't become SES or something). Add in SS, and I think we'd probably have enough for retirement even without 401k/TSP. But, we'll probably have a few million on top of the pension and SS, so I think we'll be fine. Maybe we'll retire early? Who knows, it's pretty far off.[/quote]
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