googily
Full time employment: Posting here.
- Joined
- Jul 6, 2013
- Messages
- 792
Those of you out there who are already semi-retired or are planning on a semi-retirement in your 50s--what's your financial setup?
I'm 49, married, no kids, I'm starting to think at least about cutting back at work sometime in the next couple of years.
I feel pretty good about my 401k/IRA retirement savings, alongside SS and a pension and with some properties that could be sold if things get hairy years from now.
With the sale of some inherited property closing soon, and another sale possibly lined up, I will have somewhere between $150,000 and $270,000 in cash in the near future.
I wouldn't *need* any of this money until I actually cut back my hours (not for another year at least). How would you handle/allocate this money with the thought of it being "bridge" money rather than needing to be socked away for another 10 years? Aggressive? Conservative? Mattress-ready? While a part-time salary could be $50k or more, I do live in a very high COL area.
My 401k is 80/20 right now. My small IRA is begging to be rebalanced. And with no kids, we are looking forward to spending down to zero (hahahaha).
Examples, advice, admonishment, all welcome.
I'm 49, married, no kids, I'm starting to think at least about cutting back at work sometime in the next couple of years.
I feel pretty good about my 401k/IRA retirement savings, alongside SS and a pension and with some properties that could be sold if things get hairy years from now.
With the sale of some inherited property closing soon, and another sale possibly lined up, I will have somewhere between $150,000 and $270,000 in cash in the near future.
I wouldn't *need* any of this money until I actually cut back my hours (not for another year at least). How would you handle/allocate this money with the thought of it being "bridge" money rather than needing to be socked away for another 10 years? Aggressive? Conservative? Mattress-ready? While a part-time salary could be $50k or more, I do live in a very high COL area.
My 401k is 80/20 right now. My small IRA is begging to be rebalanced. And with no kids, we are looking forward to spending down to zero (hahahaha).
Examples, advice, admonishment, all welcome.