Good luck. Can’t offer much more than that. I’m 42 with 4 kids still to put through school and it seems like every time I turn around I get further in debt (new septic, basement flood, foundation repair - borrowed and buried 25K last year, can’t see a $ of it.
I work for a big company with a great pension program so I’m banking on that. All of the money I’ve put away has been in mutual funds and after what I lost last year, I’d have been better off to put it under the mattress.
I’m gonna be working for a very long time so enjoy your early retirement.
this is what scares me about moving. love my work, and really i have good partners and staff. going somewhere else could end up with a bunch of tools to work with. same job, but the people make a huge or should i say euge difference
It’s too hot there. I lived in Austin for a year back in 2000. It’s routinely in the upper 90s and 100s in the summer months. All that heat and the sun is not good for the skin. Ever notice how people who tan a lot look much older much earlier in their lives? Their skin is all leathery and blah…
I’d rather lives somewhere that doesn’t get super cold or hot. If it never got colder than 32F and never hotter than 75F, I’d be happy with that. But I’d much rather it got below zero than over 100F. Can always put more clothes on, but you can only take so much off.
The NE corner of the Olympic Peninsula (Sequim, Port Townsend, Discovery Bay, etc) is popular with retirees because of the moderate temperatures and the reduced rainfall since they are in the rain shadow of the Olympics. Probably not as cheap to live there as where you are though.
Somehow Carlsbad is a popular retirement town, but here the winters are cold(unless you wait until 10AM to leave the house), and the summers are very hot. But utility costs are very low here-this winter my heating bill has not been over $90 any month, and in the summer electricity costs less than $200 in the worst month. That includes paying for 2 beer fridges, a pool filter, water well and AC for a 2100 sq ft house.
Come on to South Carolina to retire!!! Why be left out? 95% of the rest of the country has ;D Get in your big ol’ Caddillac and drive 35 MPH in the left lane. :o
I’m targeting 9 more years @ 60 to step away. I have always been pay-as-you-go pretty much all my life and have a plan, but we’ll see how that works out.
I’m sure everyday stress is a big factor and my time in LE shaved off a few years but its what you make of it also. I need some stress on the job to get something done. It kind of drives me toward the goal. But there are different kinds of stress. Having a dead-line is one thing but sittiing in a corporate meeting with 10 other people and you’re the only one that is right is another…idiots.
Been doing a bit more research. Fucking scary is what it is. Do you think a million dollars would leave you set and could retire today? Might not be enough. Did find an immediate annuity that would pay 4k a month for your lifetime and pay your heirs as well. But, for a million it wouldn’t even double in value over the course of 40 years. Probably better off managing it yourself.
Been reading about strategies for retiring early (30-40-50’s) and the successful retirees live a pretty tight lifestyle. Not lavish or with expensive hobbies. But they have it figured out tightly percentage-wise and plan for inflation and critical expenditures. They manage their own portfolios They also all own their domiciles free and clear.
How does riding a bike or just plain walking sound? Might make the difference when you compute the annual costs of owning one or more vehicles.
That’s my plan. Wife and I are closing on a condo in Kihei, Maui. Using it as an investment vehicle which we’ll rent out to vacationers and of course use when we visit. This is part one of our retirement plan.
i am hoping for a million in cash, that’s why i figure i might be able to stop working at 70, i first have to dig back out of debt…, then my kids can have whats left if i don’t live much past 70
