Lurker from way back when cute fluffy bunny and the bacon flow chart were a big thing.
Still love bacon, now closer to FIRE.
I'm 47, SO 51. SO essentially retired. I have a sabbatical in 2015/16. Have to return for 1 year after sabbatical. Considering going part time (60%) indefinitely or phased retirement (decreasing 20% per year over 5 years) on my return. Want the option of quitting entirely--hence the portfolio spend down question.
We have 25x excluding SS, no debt/pensions/annuities/sugar daddies. 65/35 fixed. Unfortunately, only 20% of the portfolio is after tax (~5x, ~1x in cash). We have an additional 1.5x in I-bonds that I would like to add to while working to self insure any LTC we might need or as longevity insurance.
I will be able to save 1-1.5x per year for the next 3 years, half in pre-tax, half post.
Questions:
1. For the post tax savings, I'm inclined to put this in CDs and I-bonds, preparing for RE as early as 2017/18. Although, 2020-22 may be more likely.
2. In spend down, what strategies do you suggest? Hoping to use those as a starting point for modeling draw
down (will fidelity RIP let me do this?)
Thanks in advance. And many thanks for all the education along the way.
Sent from my iPhone using Early Retirement Forum
Still love bacon, now closer to FIRE.
I'm 47, SO 51. SO essentially retired. I have a sabbatical in 2015/16. Have to return for 1 year after sabbatical. Considering going part time (60%) indefinitely or phased retirement (decreasing 20% per year over 5 years) on my return. Want the option of quitting entirely--hence the portfolio spend down question.
We have 25x excluding SS, no debt/pensions/annuities/sugar daddies. 65/35 fixed. Unfortunately, only 20% of the portfolio is after tax (~5x, ~1x in cash). We have an additional 1.5x in I-bonds that I would like to add to while working to self insure any LTC we might need or as longevity insurance.
I will be able to save 1-1.5x per year for the next 3 years, half in pre-tax, half post.
Questions:
1. For the post tax savings, I'm inclined to put this in CDs and I-bonds, preparing for RE as early as 2017/18. Although, 2020-22 may be more likely.
2. In spend down, what strategies do you suggest? Hoping to use those as a starting point for modeling draw
down (will fidelity RIP let me do this?)
Thanks in advance. And many thanks for all the education along the way.
Sent from my iPhone using Early Retirement Forum
