So over it all....can I just retire?

both husband and wife career pharma reps. both 55. no kids. Retirement 4.1 million, 380,000 left on 900,000 house. No other debt. One of best states to retire in for property taxes, income, sales etc. Wife worked for different company and just got laid off. She's loving life at the gym with mask, and running outside, cooking. She wants me to retire. I'm so over the eyecare space and entertaining quitting. We can afford the health care and want to start to travel. I think we can do this and I know we're young. We've always saved 20% since we were earl 20s and never really overspent too much on clothes, etc.

 

great job. I would say since 55 live on only 3.5% of your money for next 35 years or so if you expect longevity and get the hell out of this poopy place

 

impressive. I'm really starting to become a better saver now. these pharma jobs won't be here 5-10 years if I was a betting person

 

you're doing fine!

 

make sure you create a current budget per year to determine if you have enough. don't forget charitable deductions, fitness, vacations, cable, cell phone, clothing, auto and unforeseen costs.

you have inspired me!

 

way to go!!!!!!

 

share your secrets

 

who doesn't

 

impressive!

 

Why quit? If you know you can retire them just half ass the job and if they fire you then they fire you. You were gonna retire anyway

 

Don't retire. Drag out the $$ as long as you can. When the heat gets too much, pull the plug.

 

sounds like good advise to me

 

Great advice!

 

Who are you trying to live longer for? Sounds like a sad barren lonely existence. So self absorbed in yourself to not want children? You’ve really missed out on the point of life. So sad.

 

you're so ignorant like your Prez

 

Dip your face in green bean casserole

 

Finally a thread that speaks my language ! Just curious for the original poster. I’m in late 20’s and have been in pharma for a few years now. I have over 100k in savings accounts between stock and Cash accounts and 35K in my 401k. I put more money into my personal stock accts then my 401k. how much did you have at this age ? Is this a normal amount to have saved for say a 29 year old in pharma? My spouse and I also have 480k house that we put 100k (20%) down on. ( we make about the same, spouse is not in pharma )

 

Put your money in your 401K, HSA, or any other tax beneficial accounts before your savings accounts or even a Roth account. Saves on taxes until you withdraw. Typically you can put your 401K dollars in a multitude of stocks, ETFs, mutual funds, etc...

 

Dear ?,

I'm not sure what the question is, or if a question was posed. Risk is everywhere. What may seem like a significant risk to person A, may not be viewed as a risk to person B. If you are going to warn someone about something, it better be a valid warning. What is a valid warning? I am about to mow my lawn. Does the company that made my mower have an obligation to tell me that if I mow grass near a street, I increase the risk of being struck by a car? Can I prove that mowing grass near the street increases the risk of being struck by a car? I am not a fan of warnings. Especially common sense or trivial warnings. I am also not a fan of limits. You don't know what you don't know. If you do know, then take precautions. I am going to wait for the light to turn red before I mow the grass near the main street. I don’t need the company that made the mower to tell me that. Even still, I can’t prove that my risk of being struck by a car increases when I mow the grass near the street rather than the grass in my back yard.