24601NoMore
Thinks s/he gets paid by the post
- Joined
- Dec 8, 2015
- Messages
- 1,166
Hey gang..
Would appreciate a quick sanity check on my plan.
Need to RE soon before current job results in me not making it another year above ground.
Me - 53, 54 later this year.
DW - 60 later this year.
Divs from CDs & Savings will cover 30% of yearly expenses.
Divs from Investments cover another 30-35% (our portfolio is pretty focused on dividend paying balanced and bond funds plus some individual stocks, but also has some pure growth components).
No pensions. (Still amazed how many of you have pensions. Wow).
That leaves 35-40/yr% to cover until we get to SS.
Savings and stocks (eg: current company RSUs for both DW and me) will cover that easily, with plenty remaining.
Net remaining by the time DW goes on SS @ ~65 will be 40X+ expenses. At that point (assuming SS is still here and paying what we expect), we'll have 85% of expenses covered each year.
It SEEMS we are golden. But I can't quite convince myself to make the leap.
I'm super analytic by nature and have spreadsheets on top of spreadsheets proving this all out. It's math. Not psychology. I realize this. Yet, I'm terrified to pull the plug.
Reasons being:
DW had a near fatal heart attack a couple of years ago. Makes me focus on the here and now and maximizing our remaining time together.
Would appreciate some encouragement / poking holes in my plan.
Thx..
Would appreciate a quick sanity check on my plan.
Need to RE soon before current job results in me not making it another year above ground.
Me - 53, 54 later this year.
DW - 60 later this year.
Divs from CDs & Savings will cover 30% of yearly expenses.
Divs from Investments cover another 30-35% (our portfolio is pretty focused on dividend paying balanced and bond funds plus some individual stocks, but also has some pure growth components).
No pensions. (Still amazed how many of you have pensions. Wow).
That leaves 35-40/yr% to cover until we get to SS.
Savings and stocks (eg: current company RSUs for both DW and me) will cover that easily, with plenty remaining.
Net remaining by the time DW goes on SS @ ~65 will be 40X+ expenses. At that point (assuming SS is still here and paying what we expect), we'll have 85% of expenses covered each year.
It SEEMS we are golden. But I can't quite convince myself to make the leap.
I'm super analytic by nature and have spreadsheets on top of spreadsheets proving this all out. It's math. Not psychology. I realize this. Yet, I'm terrified to pull the plug.
Reasons being:
- Healthcare - who in the world knows? It's amazing that HC can be $20K+/yr for 2 people, with $6K+ deductibles - EACH. SERIOUSLY?
- Sequence of returns - very fearful of this..I might be able to RE TODAY, but a 50+% drop will freak me out. Mathematically, we'll be fine. But psychologically not.
- SS - another "who knows"? I can easily cover the next 5 years and probably the next 40. But it sure would be nice to have at least a little confidence that the $50K or so/yr we have coming will actually materialize at some point.
DW had a near fatal heart attack a couple of years ago. Makes me focus on the here and now and maximizing our remaining time together.
Would appreciate some encouragement / poking holes in my plan.
Thx..
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