Many here have that issue, one spouse engaged, and the other not. There is always some risk and uncertainty in retiring, so there's some potential for significant conflict when one spouse is not engaged.I can't get my husband one bit interesting in this website or in reading about retirement.... although he is very anxious to retire. He just wants me to do all the planning. A little frustrating, but maybe he will decide to get more involved as we get closer to our target date.
Midpack, I am hoping to sit down with him soon and kind of look at it all and see what his expectations are. He said he thinks we need to pull all of our money out of the stock market when we retire. Does anyone think that is a good idea?
It can be - if you meet one or more of the following criteria:He said he thinks we need to pull all of our money out of the stock market when we retire. Does anyone think that is a good idea?
If you plan to pull everything out of equities when you retire, history would suggest you'll have to work (much) longer and save (much) more, or plan to spend (much) less? Where does he plan to put the money? Have him look at yields on CDs and bonds, they're not even equal to Inflation/CPI, when that will change is anybody's guess...Midpack, I am hoping to sit down with him soon and kind of look at it all and see what his expectations are. He said he thinks we need to pull all of our money out of the stock market when we retire. Does anyone think that is a good idea?
Midpack, I am hoping to sit down with him soon and kind of look at it all and see what his expectations are. He said he thinks we need to pull all of our money out of the stock market when we retire. Does anyone think that is a good idea?
Looks like you are doing great and well on your way to ER. Your assets equate to ours, give or take 100K, and we pulled the plug 18 months ago. It's truly all about expenses and how flexible you think you'll be if adjustments need to be made. We're still raising 3 kids and our annual expenses are 65-85K with room to scale back if needed.
In our case, the assets only have to get us to 62 as SS and pensions will then meet 100% of our expenses.
One thing I'm curious about is how you had 2 DS's in college for only 1800/month. I have to assume they got some really good scholarships as it would seem someone spending 150K/year wouldn't qualify for any financial aid. I'm curious, as it's a road we will soon be on when our oldest gets there in 2 years.
NanoSour, Both of my boys qualified for scholarships for academic performance in high school. So the $1800 a month was just to cover their room and board.
Probably the only thing that meets this criterion is a Federal or high quality COLA municipal/state pension. Poster example would be armed forces. The rest of us to some extent will be winging it.It can be - if you meet one or more of the following criteria:
1) You have an absolutely bulletproof source of future income that will keep up with inflation.
- or -
Well it's been over 4 years since I found this group and posted the original post in the forum. I have benefited greatly from all of the kind advice and knowledge you have all shared. Although I don't post often, I do read the forum daily. My DH will have his last day in the office this friday, March 9, 2018. It took us a little longer than originally planned but, his work wanted him to stay until they could get him replaced. As payment for his time, they have granted him a severance of 2 years of full pay and benefits. We have managed to raise our investible assets to just over 6 mill and should be able to save an additional $600 K over the next 2 years.
Thank you to all that have helped along the way! This is a great group here!
Well it's been over 4 years since I found this group and posted the original post in the forum. I have benefited greatly from all of the kind advice and knowledge you have all shared. Although I don't post often, I do read the forum daily. My DH will have his last day in the office this friday, March 9, 2018. It took us a little longer than originally planned but, his work wanted him to stay until they could get him replaced. As payment for his time, they have granted him a severance of 2 years of full pay and benefits. We have managed to raise our investible assets to just over 6 mill and should be able to save an additional $600 K over the next 2 years.
Thank you to all that have helped along the way! This is a great group here!
Congratulations! Always like to hear a good update. What have you decided about post-retirement asset allocation? Are you moving out of stocks, or keeping some stock allocation?