Can we semi-retire and move to a LCOL area with our savings?

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  • #121899 Reply
    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!

      #121900 Reply
      Kash

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

        #121901 Reply
        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”

          #121902 Reply
          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.

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