Sycamore
Dryer sheet aficionado
- Joined
- Feb 20, 2012
- Messages
- 48
Long time lurker ready to start posting. First a little about myself:
Married, mid-fifties, two children. I'm ready to start posting and participating on the forums. Here's some additional details:
Children: One in college and one will start next year. DW and I have been fortune enough to be able to save most of the cost for their undergraduate education. They should be able to cover any shortfall.
Debt: None
Total savings: About 30x our annual spending, with 47% of this total in our taxable account and 53% in tax sheltered accounts.
Goal: Retire in 2017 with 35x saved. Live off taxable accounts until DW and I are 70, and then start drawing from SS, and retirement accounts. Reaching the 35X threshold will take decent market returns, and continued saving rates. Hitting 35x might be a stretch.
If we don't hit the 35X threshold by 2017 might consider some part-time work for a few years so we can earn enough to cover some basic expenses like groceries and insurance.
Concerns: Future market returns, uncertainty with ACA as don't have access to health insurance after leaving the workforce. Health is good, but I foresee continued health cost inflation. Also concerned about SS, that's why we want a low withdrawal rate.
Looking forward to participation,
Sycamore
Married, mid-fifties, two children. I'm ready to start posting and participating on the forums. Here's some additional details:
Children: One in college and one will start next year. DW and I have been fortune enough to be able to save most of the cost for their undergraduate education. They should be able to cover any shortfall.
Debt: None
Total savings: About 30x our annual spending, with 47% of this total in our taxable account and 53% in tax sheltered accounts.
Goal: Retire in 2017 with 35x saved. Live off taxable accounts until DW and I are 70, and then start drawing from SS, and retirement accounts. Reaching the 35X threshold will take decent market returns, and continued saving rates. Hitting 35x might be a stretch.
If we don't hit the 35X threshold by 2017 might consider some part-time work for a few years so we can earn enough to cover some basic expenses like groceries and insurance.
Concerns: Future market returns, uncertainty with ACA as don't have access to health insurance after leaving the workforce. Health is good, but I foresee continued health cost inflation. Also concerned about SS, that's why we want a low withdrawal rate.
Looking forward to participation,
Sycamore