Has anyone seen this bag in person? I have a Vela and it’s beautiful but very structured. I only wear it with fancier outfits. But this new version looks so soft and I’m kinda obsessed with the ombré ones
My husband (56) and I (62) have managed to do well for ourselves. I’m especially proud that I, a kid who was born in the Detroit projects to drug addicts (!) have found myself in a position where I believe we can call it quits and just enjoy
life.
My husband was laid off in January and he’s panicking because he hasn’t found work. I think we’re fine.
We paid off our mortgage several years ago. The. value of our condo is ~ 900k.
We don’t have car payments. 2025 Honda CRV paid in full, 2018 Honda Civic paid in full.
In savings we have ~150k
401k from husbands job - ~ 750k
stocks and investments ~ 1.5 m
IRAS and CDs ~ 200k
I have a public employee pension of about 4200 per month. It has a COLA provision and generally is increased about 2% per year.
I work part-time and that brings in ~ 3500 per month.
Several years ago we fully funded long-term health insurance for both of us.
We have established both education savings plans and stock investments accounts for the grandkids (they are 4 and 7)
Our expenses are approx 10k a month. The major driver of that high expense number is health insurance, paying for a lot of our grandkids expenses (camps, help with daycare costs etc) and the HOA/Property taxes on our condo.
My husband isn’t comfortable with taking any money from our assets. I think that’s what that money is for, it’s what we worked and saved for - this time in our lives.
Additionally, there is the high probability of an inheritance for my husband in the next 5-10 years. It would probably be in the neighborhood of 2million.
TL:DR is my husband having a midlife crisis or some other mental health issue that’s creating an obstacle to fully retiring. Or am I delusional and we are teetering on the brink of financial disaster?