BillNOVA
Dryer sheet aficionado
Let’s get some opinions on how others think I am doing financially. Here’s my story.
I retired in 2004, under CSRS, at the age of 51 from a federal law enforcement career. I had 30 years with the federal government and it figured out to be 70% of my three year high. I have a federal health plan and receive about $76K per year in retirement. I have been working part time doing background investigation and average about $35-$45 per hour, averaging about 20 hours a week. My wonderful spouse is still working and makes about $160K per year. Our children are grown, married daughter 27, son 24, 1st LT U.S. Army stationed in Germany and both have finished college. We live a conservative, comfortable life style, but well within our means. Our home has about $300K equity and a rental property we own has about $300K equity also. We live in the Washington, DC metro area. We have two cars, both paid off. Our current investments are:
$158K Cash ( in the best saving account until things settle down)
$350K Various stocks and mutual funds
$34K SEP IRA
$69K IRA traditional
$204K 401K
$31K 457B
$156K Thrift Saving Plan ( I think it is all in a 2015 fund)
$1002K Total
My wife plans to semi-retire in 2010 and we want to be able to take a couple of months off each year and live in different places, warm places if it is the winter. I have never sold any of the stocks or mutual funds we have purchased over the years. I know our cash is high, but with the current economy, I didn’t think I should keep investing. My investing for the last few years is: to take advantage of my wife’s 401K and 457B, we were putting it in the Fidelity Freedom Fund 2015. I plan to continue with that once things settle down. Well I don’t want to put too much stuff in now. Please take a look and see what you think and give me your ideas. Thanks
I retired in 2004, under CSRS, at the age of 51 from a federal law enforcement career. I had 30 years with the federal government and it figured out to be 70% of my three year high. I have a federal health plan and receive about $76K per year in retirement. I have been working part time doing background investigation and average about $35-$45 per hour, averaging about 20 hours a week. My wonderful spouse is still working and makes about $160K per year. Our children are grown, married daughter 27, son 24, 1st LT U.S. Army stationed in Germany and both have finished college. We live a conservative, comfortable life style, but well within our means. Our home has about $300K equity and a rental property we own has about $300K equity also. We live in the Washington, DC metro area. We have two cars, both paid off. Our current investments are:
$158K Cash ( in the best saving account until things settle down)
$350K Various stocks and mutual funds
$34K SEP IRA
$69K IRA traditional
$204K 401K
$31K 457B
$156K Thrift Saving Plan ( I think it is all in a 2015 fund)
$1002K Total
My wife plans to semi-retire in 2010 and we want to be able to take a couple of months off each year and live in different places, warm places if it is the winter. I have never sold any of the stocks or mutual funds we have purchased over the years. I know our cash is high, but with the current economy, I didn’t think I should keep investing. My investing for the last few years is: to take advantage of my wife’s 401K and 457B, we were putting it in the Fidelity Freedom Fund 2015. I plan to continue with that once things settle down. Well I don’t want to put too much stuff in now. Please take a look and see what you think and give me your ideas. Thanks