Hello, I have read forum for a while and this is my first post. I am 45 years old and contemplating a semi-early retirement and relocation from the New York City area to Apex, NC that would give me much more time to spend with my two young sons (8 and 10) and spouse (40) but unsure if the financial plan is best in long run.
I have a job offer in Raleigh area that would provide approx. 50,000 a year and a small vested pension after 5 years that would allow me to work significantly less than I currently do combined with an immediate non-cola pension of approx. 75,000 a year that also has medical coverage for family.
We would probably be able to purchase a home in the area and have a minimal mortgage (less than 100k).
We also have approx. 400,000 in a 457 plan along with spouse's 100,000 IRA and 70,000 Roth IRA
We have save approx. 15,000 for each child in a 529 plan.
The fears we have are:
Will inflation eat away the non-cola pension to provide a long term comfortable lifestyle?
Is the pension plus a 50k job in Raleigh/Durham area enough to provide a good life for family?
Although FIREcalc says things look promising, looking to hear from mustachians that have done similar.