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Only debt is mortgage, but minimal. So pay that off with
Posted on: July 24, 2019 at 14:10:17 CT
Diamond Dave MU
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the mil. Invest the remainder in treasuries, even if making say only 3%. That's around $28,000 grand a year, no debt. Factor in wife's lifetime guaranteed pension of about $3,200 a month, that's just shy of $5,600 a month with zero debt. Taxes and insurance on house, utilities, groceries etc. run about $1,300 a month. No more kid expenses either. So you're left with $4,300. Say your health insurance is $2,300 a month for a kick-a$$ plan, you still have $2,000 left over and taxes on that will be small. ANDDDDDDDD, you still have $910,000 in principal.
That's also with neither of us working and not including residual income I could still have from my work now.
Edited by Diamond Dave at 14:13:09 on 07/24/19
That's also with neither of us working and not including residual income I could still have from my work now.
Edited by Diamond Dave at 14:13:09 on 07/24/19
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Only debt is mortgage, but minimal. So pay that off with - Diamond Dave MU - 7/24 14:10:17