Madison MoneySports - Personal Finance Thread

[D_Eclipse9916]

I know a lot of folks are doing okay for retirement in this thread...

Well, I'm playing catch up.... not having a kid yet makes it easier now, but, that will just force some other choices, hopefully ones involving not having this overpriced fucking house.

I also want to start diversifying into some rental property next year.

we arent looking to get into the rental property game. we talked about it... sometimes it comes back up (usually on beach vacations... talking about building an AirBNB empire) ... but overall its just not our game. One thing i am planning to do is "play catch up" when i turn 50... but thats just turning up the investments we are currently doing. Instead we are looking to try to pin down a region we are looking to retire in and possibly purchase property there. 

one reason i'm waiting until 62 to retire is for the government pension... the extra 25% of my high 3 pay will do a lot for us in retirement... the big bonus is my healthcare cost is locked in to whatever i use for my last year (the insurance coverage is locked in too)... most folks do the caddilac government plan, which is "primary" in retirement (paid for by my pension... with plenty of money to spare... BOAT time!)

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My wife is currently 1/2 time, but she is going back at a minimum at 48 years old for the healthcare plan. (If you get offered early retirement it can be as early as 53, although benefits dont hit till 62 you are at least locked in).  Her pension will basically cover our insurance and "basic" life necessities as long as no mortgage into retirement (which is stupid any way).  
Rentals make a little less sense without kids, plus how do you not have wayyyy too much money into retirement with DINK??!?!  .  I plan on using it as passive income, but one of the main reasons is the "step up" basis for realty is an extremely easy way to avoid taxes and pass on wealth for my kids.