$500k and 33years old, when is enough enough?

[UCGal]

[quote=Doooh][quote=UCGal]I could not have considered retiring at the OPs age. Not without hitting the lottery or getting a big inheritance.[/quote]

Would you have consider it with a paid off house outside of So Cal, and a 1/2 million in the bank?[/quote]

Trust me – I’ve run the numbers every which way I can.

I’m older than you AND I’m close to having a house paid off IN CA (LTV is less than 25% and will have it paid off in less than 5 years.) AND I have more than 500k in the bank if you include 401ks and other tax deferred accounts. Even if I paid off the house now – I’d net more than 500k.

With all of that – and with having been working on belt tightening for a few years (my budget is pretty frugal)- I can’t make it work.

I have 2 kids in grade school (yeah – not typical for a 49 year old to have kids in grade school… what can I say, I’m a late bloomer.) I would like to help them with college. But that’s not a requirement… I would really like them to have health insurance. Less of an optional item there. The roof over the head is not enough… there are other expenses.

I’ve run every financial calculator I can get my hands on – and I cannot make it work without running out of money before I’m dead. Health insurance for the family is a big budget busting deal. My employer provided plan is a lot cheaper than going private party or even through a professional organization… and most professional orgs have stopped offering plans (IEEE no longer offers health insurance for example)

You need to run the numbers… 500k won’t get you very far since you’ll probably be dipping into principal within a year.

[Doooh]

‘I’m a really caring person,’ we say, a phrase that means precisely nothing other than that we burden ourselves with the problems of others with no practical beneficial effect whatsoever. Talk of being caring is cant.”

I love that line… Caring means precisely nothing. But in reading the rest of it, I see why I scratch my head at some of your posts scardy. Jesus man, that excerpt of “Freedom Manifesto” borders on conspiracy theories galore.

I felt a little imbarised asking the barns and noble gal if they had it…. Now I see why.

[Doooh]

‘I’m a really caring person,’ we say, a phrase that means precisely nothing other than that we burden ourselves with the problems of others with no practical beneficial effect whatsoever. Talk of being caring is cant.”

I love that line… Caring means precisely nothing. But in reading the rest of it, I see why I scratch my head at some of your posts scardy. Jesus man, that excerpt of “Freedom Manifesto” borders on conspiracy theories galore.

I felt a little imbarised asking the barns and noble gal if they had it…. Now I see why.

[Doooh]

‘I’m a really caring person,’ we say, a phrase that means precisely nothing other than that we burden ourselves with the problems of others with no practical beneficial effect whatsoever. Talk of being caring is cant.”

I love that line… Caring means precisely nothing. But in reading the rest of it, I see why I scratch my head at some of your posts scardy. Jesus man, that excerpt of “Freedom Manifesto” borders on conspiracy theories galore.

I felt a little imbarised asking the barns and noble gal if they had it…. Now I see why.

[Doooh]

‘I’m a really caring person,’ we say, a phrase that means precisely nothing other than that we burden ourselves with the problems of others with no practical beneficial effect whatsoever. Talk of being caring is cant.”

I love that line… Caring means precisely nothing. But in reading the rest of it, I see why I scratch my head at some of your posts scardy. Jesus man, that excerpt of “Freedom Manifesto” borders on conspiracy theories galore.

I felt a little imbarised asking the barns and noble gal if they had it…. Now I see why.

[Doooh]

‘I’m a really caring person,’ we say, a phrase that means precisely nothing other than that we burden ourselves with the problems of others with no practical beneficial effect whatsoever. Talk of being caring is cant.”

I love that line… Caring means precisely nothing. But in reading the rest of it, I see why I scratch my head at some of your posts scardy. Jesus man, that excerpt of “Freedom Manifesto” borders on conspiracy theories galore.

I felt a little imbarised asking the barns and noble gal if they had it…. Now I see why.

[Doooh]

[quote=Rustico]It seems like nobody is in favor of a semi- retired 33 year old with kids and no mortgage? I wonder if he asked his kids what they would say?

Do you want daddy and mommy to have a ton of time for you, or do you want them to make more money?[/quote]

Bingo! We’ve held off on kids while our peers popped them out. The plan was to make as much as possible before we had our first one. I hated going to the babysitters in elementary school. I wasn’t passing that family tradition on. We accomplished that plus a little.

That said were shooting for a oct nov 2011 sack of taters if all goes well this month or next. Side note, a woman off of birth control is a beautiful thing. Seriously, confidence and spunk are back! I love it.

[Doooh]

[quote=Rustico]It seems like nobody is in favor of a semi- retired 33 year old with kids and no mortgage? I wonder if he asked his kids what they would say?

Do you want daddy and mommy to have a ton of time for you, or do you want them to make more money?[/quote]

Bingo! We’ve held off on kids while our peers popped them out. The plan was to make as much as possible before we had our first one. I hated going to the babysitters in elementary school. I wasn’t passing that family tradition on. We accomplished that plus a little.

That said were shooting for a oct nov 2011 sack of taters if all goes well this month or next. Side note, a woman off of birth control is a beautiful thing. Seriously, confidence and spunk are back! I love it.

[Doooh]

[quote=Rustico]It seems like nobody is in favor of a semi- retired 33 year old with kids and no mortgage? I wonder if he asked his kids what they would say?

Do you want daddy and mommy to have a ton of time for you, or do you want them to make more money?[/quote]

Bingo! We’ve held off on kids while our peers popped them out. The plan was to make as much as possible before we had our first one. I hated going to the babysitters in elementary school. I wasn’t passing that family tradition on. We accomplished that plus a little.

That said were shooting for a oct nov 2011 sack of taters if all goes well this month or next. Side note, a woman off of birth control is a beautiful thing. Seriously, confidence and spunk are back! I love it.

[Doooh]

[quote=Rustico]It seems like nobody is in favor of a semi- retired 33 year old with kids and no mortgage? I wonder if he asked his kids what they would say?

Do you want daddy and mommy to have a ton of time for you, or do you want them to make more money?[/quote]

Bingo! We’ve held off on kids while our peers popped them out. The plan was to make as much as possible before we had our first one. I hated going to the babysitters in elementary school. I wasn’t passing that family tradition on. We accomplished that plus a little.

That said were shooting for a oct nov 2011 sack of taters if all goes well this month or next. Side note, a woman off of birth control is a beautiful thing. Seriously, confidence and spunk are back! I love it.

[Doooh]

[quote=Rustico]It seems like nobody is in favor of a semi- retired 33 year old with kids and no mortgage? I wonder if he asked his kids what they would say?

Do you want daddy and mommy to have a ton of time for you, or do you want them to make more money?[/quote]

Bingo! We’ve held off on kids while our peers popped them out. The plan was to make as much as possible before we had our first one. I hated going to the babysitters in elementary school. I wasn’t passing that family tradition on. We accomplished that plus a little.

That said were shooting for a oct nov 2011 sack of taters if all goes well this month or next. Side note, a woman off of birth control is a beautiful thing. Seriously, confidence and spunk are back! I love it.

[Hobie]

Wooah. No kids yet. All bets are off. Keep the job. You will need it.

You cannot predict what your wife will say once you have kids. Trust me on this, they change. Living a nomadic life with young kids is not for everyone. Keep the job while your skills are peaked. Can you say nesting?

[Hobie]

Wooah. No kids yet. All bets are off. Keep the job. You will need it.

You cannot predict what your wife will say once you have kids. Trust me on this, they change. Living a nomadic life with young kids is not for everyone. Keep the job while your skills are peaked. Can you say nesting?

[Hobie]

Wooah. No kids yet. All bets are off. Keep the job. You will need it.

You cannot predict what your wife will say once you have kids. Trust me on this, they change. Living a nomadic life with young kids is not for everyone. Keep the job while your skills are peaked. Can you say nesting?

[Hobie]

Wooah. No kids yet. All bets are off. Keep the job. You will need it.

You cannot predict what your wife will say once you have kids. Trust me on this, they change. Living a nomadic life with young kids is not for everyone. Keep the job while your skills are peaked. Can you say nesting?

[Author]

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