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SHRED

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Gender: Do not display
Hometown: Poway, CA
Current location: Leucadia, CA
Member since: Sat Nov 22, 2003, 12:17 AM
Number of posts: 11,150

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What 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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