Current monthly income sources:
Soc Sec: 1,500 (after paying Medicare)
Mortgage Income held on real estate ($150,000: $720
Rental income (360,000 unvested): 2,800
Leased Mineral Rights (0.00 invested): 300
Total: 5,320
Annual: 63,840
Total invested: 510,000
Debt other than monthly expenses: 0.00
Oops, forgot: annuity, 100k: $525
Total income about 70k annual.
Amount invested: 610,000.
IRAS: $360,000 (not withdrawing yet)
Ping for good experience.
I just retired this year. We are adjusting fine financially but the farm work may not be enough for me. My plan is to live on 2.5% just because we are that way. Not yet on medicare and $21000 a year set to be $30000 by all appearances is eating us alive. 65 cant come soon enough and im going to the doc even if I just want to chat then to get my moneys worth!
I feel like that could be doable for me, if things don’t hit the fan too much.