Hi Folks,
DW "retired" late '11, 2 yrs earlier than planned (her employer declared bankruptcy; she got out w/ lump sum just days before they froze the pension plan). Prior to that, we had essentially been following Brinker since '98 (rode out '08/'09).
Recently hired a CFP whose analysis is that we should be able to make it (FIRECalc agrees 96%), but my gut (apprehension?) tells me we're just borderline. A lot depends on assumptions about future returns. CFP proselytizes PE10, and told us to dump all equity funds in favor of bond funds, especially in early years of retirement. We've reallocated about half to split the CG liability between this yr. & next.
Recently found this site and Bogleheads. Been reading, and will continue, about estimated taxes, reallocation, distribution planning & draw-down plans (2-1/2 to 4%?).
Looking to relocate from NY to AZ (perhaps a 55+ retirement community if we can find one without golf -- no offense) within 2 yrs. No kids, no liabilities, free & clear. Hope to pay cash for new house, but willing to consider mtg in current environment.
Tyro
DW "retired" late '11, 2 yrs earlier than planned (her employer declared bankruptcy; she got out w/ lump sum just days before they froze the pension plan). Prior to that, we had essentially been following Brinker since '98 (rode out '08/'09).
Recently hired a CFP whose analysis is that we should be able to make it (FIRECalc agrees 96%), but my gut (apprehension?) tells me we're just borderline. A lot depends on assumptions about future returns. CFP proselytizes PE10, and told us to dump all equity funds in favor of bond funds, especially in early years of retirement. We've reallocated about half to split the CG liability between this yr. & next.
Recently found this site and Bogleheads. Been reading, and will continue, about estimated taxes, reallocation, distribution planning & draw-down plans (2-1/2 to 4%?).
Looking to relocate from NY to AZ (perhaps a 55+ retirement community if we can find one without golf -- no offense) within 2 yrs. No kids, no liabilities, free & clear. Hope to pay cash for new house, but willing to consider mtg in current environment.
Tyro