Hello MMM Forum, I'm a long time reader and first time poster. My wife and I have been living with FIRE in mind for a while, but last year my parents both suddenly passed away and we ended up inheriting roughly $1m in 2019 (the most depressing lottery, my buddy calls it). There's minimal estate liquidation needs yet, the big stuff is done.
Anyway, I'm taking 2020 off of work to be home with my wife and baby. We've had a rough few years, our two sons passed away from muscular disease in 2016 and 2018. We just want to chill for a year and then I'd like to get a 20hr/week fun job for insurance. We're in our early 30's and I've worked a higher pay/higher stress investment fund accounting job through my career so far, so it sounds attractive to work/live local and focus on family.
What do I have to do to prep for 2020? I've forecasted my 2019/2020 taxes (State/Federal), signed up for an HSA eligible HealthCare.Gov policy with subsidy (so I know what my MAGI needs to be in 2020 to keep the subsidy), and we're planning out our expense budget for the year. Our investments are in taxable and IRA accounts and I have my investment allocations all set, and I've moved some $$ to a money market account for the next two years planned expenses. Once I get more comfortable with post-FIRE life, I may keep less in MMKT but I want to do conservative decisions for 2020 to reduce mistakes/regrets. I'm OK perhaps missing a year of equity growth in exchange for a conservative year with this portion of our allocation.
So yeah, any other todo items or feedback? We're telling zero people our $$ situation but we told a few close friends that I'm home full time, and planning to keep that circle small.
Good note: I've been home for about 45 days full time and it's been amazing. It's been very healing for us given the stress of the last three years and we're very grateful for this opportunity. And I hope future posts in this community are more giving and less 'needy'.