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Registered
Join Date: Jun 2007
Location: Lake Oswego, OR
Posts: 6,305
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I agree with most above. McLovin hit the nail on the head. I am in a similar situation, but different.
My wife doesn't work. She volunteered to do so when I retire. BUT, I know my wife. She is a resenter. It could fester. The relationship could blow up. And then where would I be???
I am 56. Have funds to never need to work again. And am coasting towards the Big R.
My perspective is that you need to have 110% financial security to even contemplate this. Why? Because economies crater. Stuff happens that cost a lot - my disabled child for example. College for my other two. Weddings?
And, I like stuff. That costs as well.
Anticipate the costs, work backwards. You have a level of security now. But it doesn't sound as if you have a level of wealth.
Sorry to be blunt. Your prime earning years are now. Perhaps you and your wife can power through 5 years and build up a war chest?
Good luck!
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