07-08-2021, 07:53 AM
Hi Ray,
Condolences on your uncle's passing, as well as the other individuals you noted.
None of us know how much time we have. When my Dad turned 72ish, he had a host of heart and cancer problems and it looked like he had very little time left. After a bunch of stents, chemotherapy, and procedures, he's now 78 and still going. His pacemaker goes off frequently, but it works. It is true, though, that by the time he turned 70, his travel years were behind him. However, he is still working, but that's by choice.
Assuming you retire in your mid 50s, what is your plan for health insurance?
If by your mid 50s you are at a $2 million nest egg, and you concentrate on dividend payers like Verizon, ABBV, and Consolidated Edison, you can average out to a portfolio yield of approx 4.5%. That would give you $90,000 a year to live on. If you have freedom to live anywhere in the country, there are places you can do well on that amount. I'd personally avoid Florida for a variety of reasons.
Condolences on your uncle's passing, as well as the other individuals you noted.
None of us know how much time we have. When my Dad turned 72ish, he had a host of heart and cancer problems and it looked like he had very little time left. After a bunch of stents, chemotherapy, and procedures, he's now 78 and still going. His pacemaker goes off frequently, but it works. It is true, though, that by the time he turned 70, his travel years were behind him. However, he is still working, but that's by choice.
Assuming you retire in your mid 50s, what is your plan for health insurance?
If by your mid 50s you are at a $2 million nest egg, and you concentrate on dividend payers like Verizon, ABBV, and Consolidated Edison, you can average out to a portfolio yield of approx 4.5%. That would give you $90,000 a year to live on. If you have freedom to live anywhere in the country, there are places you can do well on that amount. I'd personally avoid Florida for a variety of reasons.