New and Waiting To Retire

[WaitingInTheWings]

Hello All,

Was hoping to get advice without paying a couple grand for it so started a web search!Found this website and found it filled with good discussions and options. I hope to retire in 9 years at age 50.

A little bit about myself
> 41 years old, IT manager
> married with 2 young children
> 200k salary
> company stock plan - 140k
savings - 700k
401k - 250k
Roth IRA - 120k
College 529 - 100k
> mortgage - 2900/mo (with insurance, tax)
monthly expenses - 2500 (gas, insurance, groceries, etc)

Am on this site to find ways to maximise my portfolio and then start transitioning into safer assets from 50-65/66.

Cheers,
Waiting

 

[pb4uski]

Have your run your situation through FIRECalc or Quicken Lifetime Planner?

 

[bloom2708]

What kind of mutual funds and stocks make up your investments? What is your desired asset allocation? Mix of stocks and bonds.

For pure investment advice, you may consider bogleheads.org and search for "Asking Portfolio Questions" and present all your data in that format.

What is "Savings" for? Is this savings/CDs/Money Markets or is some of this invested in a taxable account in stock index funds/bond index funds?

You have a nice salary. Max out 401k, Roths, HSA (if you have one) each year. Save in taxable.

Expenses seem reasonable. How much left on mortgage?

The 10 Boglehead principles would help drive you to an optimal portfolio.

Stomp the pedal down and revisit at 50, then 52, then 54, etc. I am 46, working to 50 to evaluate. Will proceed from there. Either one or too more years or pull the plug.

Welcome and hopefully others chime in.