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Number Crunching

November 14th, 2019 at 07:24 pm

For me, this was the deciding factor in how big a priority paying off the 5th wheel loan needs to be.

If I were to retire NOW, I calculate that I could draw $1,456 per month from my nest egg. Here is how that budget would look:



Everything I need, but not much fun. Without the 5th wheel loan payment, I could increase those sinking fund contributions and have more discretionary dollars. In short, my financial situation would be greatly improved.

Plus, I intend to cancel my life insurance policy once the 5th wheel loan is paid in full, freeing up a few dollars there as well. No one depends on my income any longer. However, in the event of my death, I would want SB to be able to have the 5th wheel free and clear. My children are both self-supporting and will inherit my investment and bank accounts.

So, I am happy with this plan. It makes sense to me.

4 Responses to “Number Crunching”

  1. creditcardfree Says:

    We can't see your image! But I'm excited you have a plan for your retirement.

  2. GoodLiving Says:

    I would love to be able to be semi-retired and I'm trying to figure that out. I have no debt or mortgage and health insurance will be the challenge. What do you do for your insurance?

  3. Petunia 100 Says:

    Hi GoodLiving, I intend to purchase health insurance through the exchange. I am in a state which expanded Medicaid. At $1456 per month, I would pay little to nothing for insurance (not all of that $1456 would be taxable).

    I think the picture problem is sitewide. I noticed others out as well.

  4. LivingAlmostLarge Says:

    Sounds like a good plan

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