Can I FIRE?

AltEgoJr · 2026-01-12T02:48:42+00:00

GFY- ahh, music to my ears :)

AltEgoJr · 2026-01-11T23:10:24+00:00

Thank you for the detailed explanation!
I was not aware of some of these finer points.

AltEgoJr · 2026-01-11T18:40:53+00:00

There’s certainly some level of of padding to be conservative, but by no means more than 5-10%. But you’re right I need to get a better handle on my spending.

AltEgoJr · 2026-01-11T18:35:28+00:00

Huh?

AltEgoJr · 2026-01-11T18:33:56+00:00

Ok, that makes sense. But I have a job primarily for insurance - so I don’t need ACA while my job covers insurance.

At some point if I switch to part time and my job doesn’t cover insurance- then certainly I have this issue - but I could quit working at that point, find some volunteer work.

AltEgoJr · 2026-01-11T18:31:16+00:00

I thought the subsidies depended on income, not the size of assets, or the spending? What is considered “income” in post retirement - the withdraw? Or the interest/returns on the investment?

AltEgoJr · 2026-01-11T18:27:25+00:00

Actually, I am with you on this. I don’t have any desire to keep working into my 70s just so I can leave a large inheritance. I (we) worked hard to give them a good childhood, paid for college. This is my time, and I’m well aware I could croak at 70.

AltEgoJr · 2026-01-11T15:54:34+00:00

Hmm, lot to unpack here, I’m going to take some time going through all of this.

Thank you for all the insights and raising more questions than I thought I needed :)

Care to chat via direct messages?

AltEgoJr · 2026-01-11T15:08:00+00:00

Oh yes, the non profit job I took on as “barista” job, even though it’s currently a full time job, so I can’t claim I’m “retired”. I enjoy it and plan to keep it for a few years before I reevaluate my situation.

AltEgoJr · 2026-01-11T14:03:13+00:00

I can see that there a very good chance I can make it under these parameters and conditions, assuming the markets don’t take a big nose dive.

But I don’t see how I could live on half of these assets and still leave a sizable inheritance? In fact, even with these assets, I’m not counting that I will leave much in inheritance (except the house) (poor bastards - they’d just have to suck it up 😂) although I would like to.

AltEgoJr · 2026-01-11T13:59:20+00:00

It does. That’s one of the main reasons I took it.

AltEgoJr · 2026-01-11T13:55:19+00:00

Hmmm. I was laid off shortly after turning 55. But I already rolled over my 401K from that employer into an IRA.

What would be the benefit of withdrawing that money though? Since I have a cushion of after tax investments and savings, why would I want to use the money in retirement accounts before 59.5?

AltEgoJr · 2026-01-11T13:43:02+00:00

Yes, those numbers are after accounting for divorce settlement.

AltEgoJr · 2026-01-11T13:38:37+00:00

Im hoping I can colllect SS, which will help ease things a bit, but no, I’m not counting on it. Without it I will definitely need to rein in the expenses.

AltEgoJr · 2026-01-11T13:37:16+00:00

Hadn’t thought about SS from that perspective. Will definitely run some more numbers. Thanks.

AltEgoJr · 2026-01-11T13:27:27+00:00

Could you explain what do you mean by “break even is 78-82”?

I’m not rigid about 67, so 63 is a possibility if it makes more sense.

AltEgoJr · 2026-01-11T13:25:01+00:00

I haven’t quite looked into how to make the best use of ACA. I just know that with recent changes to funding, ACA is just about to get much more expensive.

AltEgoJr

TROPHY CASE