Sanity Check
I’m married 52F. Husband and I own a small HVAC business and we plan on retiring in about 2.5 years. We are saving up around $200k in cash to launch our retirement. Along with savings we will sell our business to our senior tech for roughly $400k (business is worth more but it’s a long story) we plan to sell our house and pocket $500k-$600k in net proceeds. We also have a rental property that is worth around $300k and only owe $75k left on the mortgage. The rental property has 4 units and currently nets $3k/mo after expenses. We estimate we will have a little over a $1M once we sell business, main home and refinance rental property. Hubby and I are disabled vets and receive $6k+ monthly (tax free), $2k monthly from rental property. I feel like we’re set especially if we put our proceeds in an ETF and just let it grow. We are retiring to Italy, probably Umbria. Am I crazy to think we are really going to be set without any financial worries? What am I missing?