We live in Florida and have been to the beach twice in the last 14 months! I have begun a venture which has yet to bear fruit, but I have plenty of downtime and would like to do more with her. We talked about it and she accepted, so she now works from home, putting in 10-hour days during her “retirement”. For years, our original plan was that she would retire along with me and we’d do some traveling, however her employer made her a great offer to keep her on board. She’s definitely kept me in check over the years, and we’ve both worked very hard to get where we are. Her family struggled and she’s no stranger to third-hand clothing and very used cars. There is also $40,000 a year in dividend earnings which gets reinvested. The mortgage payment will just about equal the remaining pension income, however our current home would become a rental worth $30,000 a year and would negate that. The new house will end up costing about $850,000 and we plan to take a mortgage for the remainder rather than pull investments or sell our current home.
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