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Old 02-23-2016, 08:05 PM   #1
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I stumbled upon this website and am very intrigued .....

61 year old with 4 kids of which 3 in college ! luckily, I have accrued adequately for all their education al expenses, but ....... onto retirement !

No specific timeframes for when I would like to retire; rather, my goal is to be well prepared.
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Old 02-23-2016, 08:37 PM   #2
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Welcome aboard, Walter.
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Old 02-23-2016, 08:39 PM   #3
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Welcome to the forum waterlang. Just for kicks, may want to go to FIRECalc: A different kind of retirement calculator , put in your data and get a feel for when you may be able to retire. Always good to understand your options and folks here are happy to answer any questions you have.
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Old 02-23-2016, 08:45 PM   #4
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Old 02-23-2016, 09:01 PM   #5
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Old 02-24-2016, 06:50 PM   #6
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Old 02-24-2016, 07:11 PM   #7
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Only 3 in college? Did your wife not let you touch her for a year?
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Old 02-24-2016, 09:39 PM   #8
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Welcome Walter.

We're a friendly bunch (for the most part). Feel free to ask questions. As Whisper mentioned, above, firecalc can be a useful tool. Make sure you understand that you have to fill in all the tabs and that the "spending" input is gross spending - so it includes taxes and health insurance, as well as trips to Tahiti to sip fruity cocktails on the beach.

Also - there's a well thought out FAQ to suggest areas to explore and think about to prepare yourself.

Some Important Questions to Answer Before Asking - Can I Retire?
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