Hi! I am going to retire in 2012 and close my small business. I have done well but lost money in the stock market recently. Reviewing many of the threads there appears to be an above average IQ crowd with good advise. I came to this site looking for answers from the FIRED web site.
Worked all my life saving for retirement and now I am here but do not know what to do now that I am near retirement. I don't believe in working any longer than necessary, a
My house if paid for and I have no debt.
1.) I have $2,500,000.00 and feel that $3,000,000 would be better but I do not want to work any longer.
2.) I am 56 with a wife (not working) a dog, but no children.
3.) My question is do you feel that I have saved enough to last into my 90's I understand that SS is just icing on the cake, but want enough not to have to take SS in to consideration to much.
4.) Been trying to decide the best way invest to achieve a stable retirement with ETF's MFunds, or just to buy dividend stocks. Looking for a retirement amount around $70,000.00. I know that in some parts of the country this may be high, but in other low.
5.) Expenses presently are about $70,000.00 including taxes.
Any advise from seasoned investors and retired.
Thank in advance for any advice.......
Worked all my life saving for retirement and now I am here but do not know what to do now that I am near retirement. I don't believe in working any longer than necessary, a
My house if paid for and I have no debt.
1.) I have $2,500,000.00 and feel that $3,000,000 would be better but I do not want to work any longer.
2.) I am 56 with a wife (not working) a dog, but no children.
3.) My question is do you feel that I have saved enough to last into my 90's I understand that SS is just icing on the cake, but want enough not to have to take SS in to consideration to much.
4.) Been trying to decide the best way invest to achieve a stable retirement with ETF's MFunds, or just to buy dividend stocks. Looking for a retirement amount around $70,000.00. I know that in some parts of the country this may be high, but in other low.
5.) Expenses presently are about $70,000.00 including taxes.
Any advise from seasoned investors and retired.
Thank in advance for any advice.......