[USER]

Trying to gauge if my husband can do early retirement from the government esp with unknown of two college tuitions which could realistically total $800K.

Right now he plans on working 11 more years until retirement at 57 but it’s killing him from stress.

Ages 46 and 46
His salary: 160K

Mine: 100K (self employed part time and no plans to retire)
Pension should be about $4K a month after he is 57 (conservative)

Combined SS should be $5-6K (conservative)

Net worth about 1.6M seen below:
TSP: $825K
Sep and IRAs: $475K

Brokerage (plan on using for college in 5 years): $200K
529s: $30K (prob should max this out?)
Savings bonds and cash: $200K

Debt: $110K left on mortgage low interest

House valued at $700K but plan on living here forever.
Yearly expensies about $100K. Very HCOL area.

[Christine]

That’s what student loans are for. Retire before his health declines terribly or it’ll be the same end result (student loans) just without a healthy Father.

Stress is no joke

[John]

how many years till your kids go to college? I used a state school tuition calculator when my kids were born and funded 529’s to meet that goal.

The amount projected was spot on so they were set.

I was very concerned about that number but it wasn’t that hard to hit over 18 years.

[Kathy]

I would park more in the 529 so you don’t have to pay capital gains on withdrawals from brokerage account

[Author]

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