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RE: Planning An Early Retirement Budget

in #money7 years ago

That's awesome! It sounds like you're well-positioned to be in financial control of your life. Even if you work only a few more years, you should easily be able to save enough that you can meet any potential shortfalls of extra expenses.
One thing I did notice was that you did not include Medical/Vision/Dental Insurance in your calculations. Are those included in your pension plan? If so, how do I work at your company. If you don't have it through the pension, the costs can range from $300/mo up to $2,000+. And what is covered varies within that.
You're fortunate to be able to purchase a house for $100k. I was looking at a house last year, but they're all $300k+. It's just not feasible. Again, where do you work, maybe I'll come there. :)
Thanks for giving us another example that we don't have to play the game our whole lives. It is possible to get out of the rat race and into enjoying life.

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Medical coverage is a benefit of the pension I am to recieve. Vision is something I am not too worried about as it isn't expensive. Dental would also come out of pocket, but I live just two hours from a thriving Mexican town that is full of quality, cheap, dental care.

Southern AZ is a decent choice for frugal living. 😀