Have 600k liquid aapl stocks 400k 401k 1 property generting 3k /mo profit with 900k equity 2nd only 50k left will generate 2k/mo income worth 500k primary - 3k/mo mortgage and property tax. 300k left to pay in bay area with 1 million equity. 100k in 529 for 1 kid wife not working. so 5k rental income with 4% rule i could with draw like 3k/mo iam 50. dont like corporate culture. cant i retire with 8k/mo ? after primary mortgage it would be like 5k/mo or ride it out few more years until the kid goes to college ? expenses are basic : 500$ car, 1.5k food and rest, 1k health insurance, 250$ travel. 500$ misc(gym, furniture, electronics, house stuff, gym, netflix) and 1k for income tax = appro 5k . add 3k primary mortgagge + prop tax = 8k. Income is 5k (3k + 2k) in rental + 3k from VTI = 8k. #personalfinance #investments
What are your expenses like? Hard to tell from only assets.
There are many tech jobs which are equivalent to “retirement”. Bigger question is what do you plan to do next after leaving corp job.
Can you elaborate? How do you identify these jobs
Dell or Microsoft
The 4% rule is not applicable in a high inflation environment. You need higher returns for similar growth.
Retire and send your wife to work.
What are you doing at the gym? How much iron? I see a lot of old Indian men hitting my gym nowadays. Not sure what’s the craze..
Dude, are you sure they are old. I am Indian and the way I balding, I fear you will call me old too. I am 35
Yes, they are old (i am talking late 40s). Balding has nothing to do with age after a certain point. You can make out they are old based on multiple physical traits..
You can retire happily
What about property taxes on other properties you have rented out . Did u add that to the profit per month calculation ? And income tax for your rental income ? How about ur family insurance after u quit the job ?
yes they are included. 3k profit from a bay area home and 2k profit from central valley rental. Health insurance is he big ticket here i thought obamacare was 1000$/mo for low income families.
Fire at 30 - 40, not 50. At 50, you may just work till 65.
Makes no sense. Much more risky to fire at 30-40
Fire at 30-40 would imply not enjoying your 20s & 30s. While blind is crazy about it, it isn’t for me 🤷♂️
Ask it in Fire or fatfire subreddit for better responses.
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Ride it out. Move to a small town and work in a local library.
Get a young rider
Why a library tho?