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Author: JBtheJunkist Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5085  
Subject: Situation Date: 9/13/2003 12:28 PM
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Wifey and I are planning on retiring by age 55. We are both 36. She is active duty National Guard, E5 with 11 years of active service. I am traditional Guard with 12 years active. I am self employed and we do pretty well.

We are completely out of debt and have a $10K e fund. We are saving for new(er) cars and are beginning to fund our childrens college funds and have begun to fund our retirement to the tune of 20% of our annual incomes.

Situation: We own a piece of commercial property where my business is located. We could sell it and clear over $100K. I could then rent another space (much smaller and much lower overhead), thus returning lower income (but acceptable). I could also go active with the Guard as an E6 and retire in 8 years.

DW and I have put pen to paper and agree that we could put my entire paycheck into our investments and live on her salary, while still funding the college funds. We could suppliment our income with the business income (around $1K per month take home) as well as occasionally holding an auction (as I am a licensed auctioneer).

I think it's a WONDERFUL opportunity but I LOVE what I do, but I can RETIRE in 8 to 10 years, with a very good salary as well as our investments.

Am I missing anything? Thanks in advance!

JB
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