This man has $2 million invested and another $200,000 in cash. Is he ready to retire early?
After hearing so many stories of people saving hundreds of thousands or millions of dollars and then quitting their day jobs, it’s natural to wonder, “Can I do the same?”
See: These early retirees bought their ‘disgusting’ house in Montana with cash and budget less than $1 a pound for food • Investments: $2 million, and indicates there is $700,000 in 401 money and $50,000 in Roth IRA accounts. An additional $200,000 is sitting in cash. He mentions equity, potentially from his job, but never expands on it.He had a few additional concerns as well: He has a chronic auto-immune disorder that could disable him from working, although he is fine now.
Don’t miss: These people left their jobs behind to retire early — then life got in the way. Here’s how they coped with FIRE plans gone wrong “Firetaway” should start shopping around for a health insurance plan now, while he’s still working. He should also look at what his equity is comprised of, as company stock could become a risky investment. He should consider selling stock if the market is still high when he retires, Kenny said, especially if it is company stock, because it would reduce investment risk and garner a cash cushion for emergencies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rising French far-right star resurfaces and flirts with firePARIS (AP) — She vowed to stay out of politics and even dropped the French far right's signature name — Le Pen — from her moniker. But Marion Marechal, a former star lawmaker who's still only in...
Read more »
Woman, 3 children missing in deadly mobile home firePolice say a woman and three children are unaccounted for following a deadly fire at a mobile home park site in western Washington.
Read more »
Oregon senator, a war veteran, now under fire for threatsAn Oregon state senator who once worked in the world&39;s hotspots as a contractor and soldier now finds himself under fire over threats he made during a Republican revolt over climate legislation. Courtney later asked Gov. Kate Brown, a fellow Democrat, to order the state police to bring the Republicans
Read more »
River littered with dead fish in wake of Jim Beam warehouse fireThe Kentucky River is littered with dead fish in the wake of a massive fire at a Jim Beam bourbon warehouse.
Read more »
An arsonist set himself on fire while trying to burn down a synagogue'Please tell me that synagogue is burning to the ground if not, it's poor preparation,' Tristan Morgan reportedly told police when he was arrested.
Read more »