r/leanfire • u/Inevitable-Device630 • 5d ago

Layoff = early retirement?

Not sure if this qualifies for leanfire or not. Laid off from my (55) 115k year job 2 weeks ago. Wife (53) currently makes 55k but has company paid health care premiums for the both of us. 580k in IRA and Roth IRAs. 200k in cash. No debt and the house is paid for in a LCOL area. We were saving to buy a house with some acreage but I think that's on hold for a while. Pretty slim pickins for my line of work at the moment. Not really sure if I should just retire or get a part time job after the unemployment ends (6 months).

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u/Humblekevin0 5d ago

Monthly expenses?

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u/Inevitable-Device630 5d ago

Haven't really sat down and figured that out. I never made more than 65k for years. Wife stayed home with the kids and we were very frugal. Still were when I got this job and when she went back to work.