[USER]

Move to LCOL area and coast/work part time? We are both 40, won’t be having children. One has $260 in 401k and $10k in a bridge account, $60k vested pension that I can access at some point, and $20k saving account.

Other has about $400k in a trading account and $150k in a 401k, and $60k vested pension that can access at some point, and $10k in a savings acct.

According to the calculator, if we never put another dime in, we should have a combined $3 million ish at retirement age?

Only debt is my new car ($8k owed, monthly payment $255), and our house ($220k owed at 3.5% interest). No credit card bills, no loans, etc.

We can currently sell our house for $450k ish. Thinking of doing this and buying a smaller house in a LCOL area which would probably give us about $100k mortgage.

Yearly expenses for the both of us are around $25k (doesn’t include our mortgage) but includes utilities, car payment, food, grocery, gas, hobbies etc.

Does not include any vacation but maybe $2k on a vacation every other year or so.

Thinking if we sell and move one of us can work part time? And semi-“coast?” Am I way off? If the other is full time we can share health insurance.

If we’re both part time I think income would be low enough that we could get cheap health insurance through ACA? Both healthy ATM. What am I missing?

This comes up now as I’ve been remote for 7 years, but now we are hybrid and the office moved making it a 3 hr commute a day.

My significant other will remain remote and can move and keep his job.

[Dena]

I was in a similar situation (with 6-10 yrs left to work)when I was in my late 30’s, but more equities, savings, & children. Out of the blue with 0 family history I was diagnosed with a genetic cancer and we can’t afford our bills anymore.

Everything we busted our asses for & all the sacrifices we made just disappeared in to thin air.

If you do this, definitely have really Good insurance policies in place just in case since you wouldn’t be adding a lot more in savings.

Cancer is the most expensive thing I’ve ever did in my entire life to the point where I worked 60+ hours through the most aggressive chemo there is until I finally had to stop kissing my life’s work goodbye in a day.

I don’t want to rain on your parade, just know while it seems like things like this only happen to your cousins best friend, they can actually happen to anyone at anytime!

[Kash]

Not having kids is the easiest way to retire early. You can easily retire at 40 with no kids

[Robert]

I guess my major concern is…… How secure is the job of your significant other? If it disappears for whatever reason, will the job that he finds afterwards be renumerative enough to keep you two on COAST FIRE?

Don’t get me wrong…… I’m always in favor of people moving to, and living in LCOL areas….. because it’s a great way to save money; not only are you saving money on housing, you’re probably saving money on everything else as well.

But I think the risk that you would be taking would be employment for both of you.

(and as you have correctly stated, the health insurance you received through employment.) (SIDEBAR: I’m not able to provide too much advice on this one; I’m tied to the State of Utah, where I live now, and my healthcare is provided as part of “The thanks of a grateful nation”

[Beatrice]

Norman K. Harold knows the market inside and out. By following his trades in just few weeks, I’ve made $62k in profit.

Don’t miss out on his tips this bullish season.

[Author]

Posts