Reply to What is your net worth if you are 55 years of age

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][i][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We retired in our 40s. Since we still had youngish kids, I (the mom), seemlessly blended in with the SAHMs. No one bats an eye. I fill my time with tons of volunteering (even virtually and locally in my community), doing things for my kids and hobbies for myself. I read. I take courses.

A small part of me misses work but that part is very small[/i]. [/quote]

I'm with you, sister.  I don't miss work one iota.  [/quote]

In my 30s following this thread -- this is my plan, or at least would like this option, for 40s! [b]What was your net worth when you pulled the trigger?[/b] [/quote]

I can't remember exactly, but I'm gonna say about $4 million.  Maybe a little bit more.  I was 52.  Kids were already out of college and fully launched, and I had continued access to my employer's group health insurance plan (provided I pay the full premium, obviously), so I felt pretty good.  [/quote]

I’m the italicized poster. We had about $8,000,000 when one of us retired. We had $20,000,000 when the other one retired (due to a large inheritance). Health insurance is brutal (almost $6,000 a month) for a PPO for the four of us. [/quote]

I'm the one who retired at 52.  $6000 for a PPO is a lot.  We're paying $1300 for the two of us.  But you can afford it![/quote]

There is a single (1) place to get a PPO in VA if you can’t get it from employment. It’s from Carefirst. They offer a gold or a silver plan. We have the cheaper silver plan. There are zero other PPO options. We could go with a cheaper hmo but I don’t want to do that and figure why should I change my doctors when I have the money not to?  The downside to retiring early is that insurance, for us, is extremely expensive. To be fair, it’s around $5,600. Not quite $6,000. [/quote] It goes up substantially as you age.  My SIL/BIL were paying over $30k a few years ago for that same silver plan in Richmond.  They are now old enough, thankfully, for Medicare.  [/quote]

[i]
Yikes![/quote]

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