I've lurked for long enough in this informative and entertaining forum. It's time to "Hi, I'm" myself.
I'm 57 and married; kids out of the house and mostly independent. Our net worth is about $2.6M, with $1.6M in a Fidelity 401k, $0.7M in several after-tax funds (mostly Vanguard), and $0.3M in cash. No debt. I'm looking to be in the class of 2019, but my DW will probably keeping w*rking for the love of it (certainly not for the negligible salary) for another 5 years.
As far as expenses are concerned, I'm still not sure. Mint sez we spent $114K last year but nearly half of that was tithing and extra taxes (over and above what was withheld from salary). I expect tithing to go down pretty drastically when Megacorp stops paying me; and we actually kinda paid taxes twice this year, as after a big bill in the spring we had to start paying 'em in installments. So I'm not sure what that will come to when it reaches equilibrium after retirement---maybe around $80K/yr?
Besides the money questions, I guess I wonder about what I will be retiring *to*. I'm naturally a pretty indolent guy, to a degree that I don't think is going to fly with my DW when it's not just weekends anymore. I'm still trying to figure out how I can be a productive member of society in retirement. I have for years done a lot of volunteer music in hospitals and nursing homes (not to mention church and coffee shops), and I've got vague ideas of doing more with that, but "vague" is the operative word.
I'm 57 and married; kids out of the house and mostly independent. Our net worth is about $2.6M, with $1.6M in a Fidelity 401k, $0.7M in several after-tax funds (mostly Vanguard), and $0.3M in cash. No debt. I'm looking to be in the class of 2019, but my DW will probably keeping w*rking for the love of it (certainly not for the negligible salary) for another 5 years.
As far as expenses are concerned, I'm still not sure. Mint sez we spent $114K last year but nearly half of that was tithing and extra taxes (over and above what was withheld from salary). I expect tithing to go down pretty drastically when Megacorp stops paying me; and we actually kinda paid taxes twice this year, as after a big bill in the spring we had to start paying 'em in installments. So I'm not sure what that will come to when it reaches equilibrium after retirement---maybe around $80K/yr?
Besides the money questions, I guess I wonder about what I will be retiring *to*. I'm naturally a pretty indolent guy, to a degree that I don't think is going to fly with my DW when it's not just weekends anymore. I'm still trying to figure out how I can be a productive member of society in retirement. I have for years done a lot of volunteer music in hospitals and nursing homes (not to mention church and coffee shops), and I've got vague ideas of doing more with that, but "vague" is the operative word.