FIRE’d at 58 after 37 years in media
Fairly new to reddit posting but have followed FIRE for a while. Not sure if 58 is really considered early but it is to me. Worked in the advertising/television industry every day since I was 21, survived 11 layoffs until hitting a streak of 3 in the last 5 years. Since I had been one more yearing it, this is the final one for me. Wife is a therapist and will work a few more months as she has clients that depend on her. I am in 8 week severance now and will need to get health care. I have a broker so the plan is to get through this year and then control my income to between poverty and double poverty level ($32-60k I believe) to qualify for health care credits and get a silver plan. First question is has any done this and am I right about that qualification ?
We have about 2.7M with a financial planner in IRA, annuities, tax protected accounts. I control about $900K in cd’s, stocks, cash. We have two average houses paid in full (around $500k each), 3 newish cars paid in full, children are adults now and employed. No family financial drags anymore.
The $900k will be a bridge to medicare and social security at age 67 if the market holds up.
Already have tons of travel planned, neighbors to watch the house while away, living a month at a time overseas in air bnb and driving across the US visiting family and friends other months.
Anyone else out there in a similar situation? Already excited as this all begins right now! Would love any advice or helpful comments.