SHRED
SHRED's JournalWhat would it mean to our economy if people like me could retire...
...and "get out of the way"?
And furthermore...if I can't retire then who can?
I suspect there are many others in similar situations.
Here is my scenario:
Townhome in north county coastal San Diego, CA is paid off and ready to rent ($2,000 to $2,500 per month).
I have twenty years in at work and I am 55 so retirement is available at about 54% of pay.
I have another 457 retirement account about $55K in it and the wife will have, in two years, a retirement of $1,000 per month for 10 years.
We also have a CD at around $100K gaining minimal interest at around 2% plus other funds in Roths and conventional IRAs totaling around $60K.
We want to hit the road in our RV for a long while.
Can't retire though. No retirement health plan at work. Health insurance way too costly (preexisting condition).
Fortunately or unfortunately I have lived frugally and acquired too much to risk without insurance.
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Profile Information
Gender: Do not displayCurrent location: Encinitas, CA
Member since: Sat Nov 22, 2003, 01:17 AM
Number of posts: 28,136