[USER]

I’m 37 years old receiving a net $5700 a month pension. I have about $150k in the bank, 100k in my traditional brokerage account invested in mostly index funds/etfs, 50k in BTC, 60k in my roth ira. Am I in a good spot for FIRE?

I also own 2 properties that have $150k equity in each.

I live in one as my primary and rent the other out cashflowing $600 a month.

My monthly expenses ranges from $2500-$3000 and my pension does not have a COLA.

[Anjoli]

You spend 3000/month and bring in 5700 for life not including you’re wife’s income. If you don’t plan to increase your spending in retirement, you both could just retire now.

Even just with the pension, you have enough money to continue investing.

What is your concern? Are you planning a significant spending increase?

If not, both of you can consider the gradual fade out of the jobs and fade into things like passion projects.

[Amy]

Sounds good to me. But you don’t want 150K in the bank. At the very least put it in gics. Or dividend stocks like banks.

Everything is lower now so it is actually a good time to invest

[Tracy]

I’d do more to create a buffer in case of large unexpected events and inflation

[Yamamoto]

Are you banking the extra income now? If so, I would say yes. My only sticking point would be healthcare

[Farre]

Semi-retire, at least. If the properties are worth a lot in 30 years, you can sell them to offset expenses if needed.

The lack of COLA is an issue, as your living expenses will increase each year relative to your pension.

That gives you only about 28 years until your COLA doesn’t cover you.

If you can invest the $2700+/month left over, you might be okay when the pension doesn’t cover your expenses anymore.

Again, you might have to sell the rental and downsize where you’re living, though, if you live to 85 or 90 or 100.

[Allen]

You 100% could semi retire.
It’s time to focus on dividend stocks.

first 40k$ in qualified dividends is tax free
RIO, MO, MPLX ET. Pay safe dividends.

ET & MPLX are taxed differently but good safe dividends nonetheless.

[Mike]

I forgot to mention as well that I am married and my wife brings in net about $4200 a month from her job.

If we were to invest her income on top of any additional left over from myself.

Would it be possible to FIRE 100% by at the latest 50 years old for us.

[Bennett]

Go for it! You can always get a part time job if you need extra income.

Also, your health insurance, is that covered in your personal expenses?

[Author]

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