I just became unemployed and will be 58 next month. DW says I should just retire. I have about 455,000
100,000 in a 401k 50% mutual funds 25%bond fund and 25% equity fund
110,000 roll over with 20% direct equities and 80% Russell family of funds
40,000 in trade account 90% direct equities,
20,000 cash in savings
15000 CDs
170,000 in various other funds, equitiesfunds, emerging markets,Asian,income,and world funds. all but 75,000 is at a brokerage and I would like to be more self directed with out a brokerage. What strategy and percentages should I use
I have to withdraw about 2200 per month for the next 48 months the after that 500 per month to maintain a 42,000 dollar a year life I ran several scenarios in Fire Calc and get 94% but I am not sure of the Portfolio numbers in Fire Calc. DW has SSI of 14400 now I expect 17000 SSI in 2015 and also 7200 from a pension in 2015
I am new to this and could use some insite
Thanks
100,000 in a 401k 50% mutual funds 25%bond fund and 25% equity fund
110,000 roll over with 20% direct equities and 80% Russell family of funds
40,000 in trade account 90% direct equities,
20,000 cash in savings
15000 CDs
170,000 in various other funds, equitiesfunds, emerging markets,Asian,income,and world funds. all but 75,000 is at a brokerage and I would like to be more self directed with out a brokerage. What strategy and percentages should I use
I have to withdraw about 2200 per month for the next 48 months the after that 500 per month to maintain a 42,000 dollar a year life I ran several scenarios in Fire Calc and get 94% but I am not sure of the Portfolio numbers in Fire Calc. DW has SSI of 14400 now I expect 17000 SSI in 2015 and also 7200 from a pension in 2015
I am new to this and could use some insite
Thanks