Thanks for the suggestions.
My concern is with draw-down of assets. All things being equal without big curve-balls (health care? taxes? illness?) we can achieve the 60k, however 50k would be more comfortable given that I have some longevity.
My father who just passed away this December was 101 years old and rather spry.
He was still swimming and walking around etc just before the stroke that brought him down. He only had to keep that up a few more years and he would have been broke.
We do not have health issues. My wife and I take better care of ourselves then our parents did i.e. no smoking, exercise, less stressful live choices, so I expect we will be in good health and active for a solid 20-25 years. (Or maybe I just put the whammy on it right there!)
Personally, a good book and a dip in the pool are all I need.
We’ll be fine on the executive courses and do not expect to dine out more than once or twice a week. Believe it or not I plan on taking up cooking (hear that laughing sound...my wife).
It’s my belief that people of our generation must be a bit more exposed in the financial market however what I’m learning here is that we can perhaps reduce that exposure and still expect a good lifestyle.
I’d like to finance just to establish a credit line with a bank and perhaps an equity line of credit on the unit we purchase (if that’s the case with these homes). That was going to be my next question but I should be doing my own homework over at Nuts $ Bolts, so I appreciate your patients.
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