(throw away account).
I turn 49 in about 1 month. For reasons that i won't get into, my employability in engineering for big companies might be over. I contracted on and off (mostly on) for big aerospace/defense/nasa-related companies for the last 20+ years. My net worth is currently $1,045,000.... $390k (and growing) in retirement accounts..... $300k cash (half is invested in stocks and etfs)..... 2 houses that are paid off with a total value of about $355k (growing at maybe 2%/year) that are both rented out (about $1500/month take home total after all expenses). My current living arrangement has no living expenses (no rent. no utilities. i won't explain this situation but it will last maybe 6 months to 1 year more).
I live in southern arizona near the mexican border. I have free health insurance maybe for life (won't explain that either). If that health insurance fails, there are well qualified doctors and dentists in mexico; you just have to shop and find a good one. Believe me, they are just as good at 1/3 to 1/4 the cost. However, I am healthy and fairly athletic... bicycle, hike, weight train. don't smoke, no street drugs, quit drinking(for legal reasons). At the moment, i rarely see doctors except for shrinks that i think i need.
I have no debt.
I don't spend lavishly, have flashy cars, etc. I spend quite frugally (the dollar store is a virtual compendium of great deals!). I love traveling but most of my domestic travel is road trips and sleep in the car (or a future small rv).
I completely and utterly dread the day my mom passes (I just almost cried just thinking about it) but i'm hoping she lives another 15 to 18 years at which i conservatively estimate i'll inherit maybe $150k.
I don't expect to retire completely. Maybe i'll buy a couple more properties and be a landlord.
I figure I can retire now with this landlord plan but i dunno.
Wondering what others ( maybe who have been retired for awhile) think of this plan? is it stupid? is it feasible? i know there are a lot of variables to consider.
Thank you.
edit: punctuation and rental income amount.
Submitted September 22, 2018 at 03:08AM by captain_underpants99 https://ift.tt/2znC3M9
