RothReady2Retire
Dryer sheet wannabe
- Joined
- Mar 4, 2015
- Messages
- 23
I am 52 , single,never married,have significant other. No kids. I live in No. Calif. I work full time , make ~$120k yr. I am planning on working until 55. Sept 2017.
The only debt I have is $260k left on a $475k mortgage at 2.4% interest .
I have will have $250k in 401k , balanced allocation.
$100k in rollover ira, balanced allocation
$20k Roth IRA balanced.
$640k cash, in laddered CDs.
I do not plan on selling my house. Possibly reverse mortgage at some point since I have no beneficiaries. For now I am not figuring it into my plan.
I would like $60k a year to live on. Figuring current expenses at most $45k.
I will not have health insurance, hopefully will be able to get covered california.
I will get $1270 month small pension will take at 55.
I will get $2000 month SS will take at 62.
I am planning on resources lasting until 85.
I want to spend every penny.
Plan seems to work using Firecalc. What do you all think?
Will plan work? If it was your portfolio what might you do different ?
Thanks in advance!
The only debt I have is $260k left on a $475k mortgage at 2.4% interest .
I have will have $250k in 401k , balanced allocation.
$100k in rollover ira, balanced allocation
$20k Roth IRA balanced.
$640k cash, in laddered CDs.
I do not plan on selling my house. Possibly reverse mortgage at some point since I have no beneficiaries. For now I am not figuring it into my plan.
I would like $60k a year to live on. Figuring current expenses at most $45k.
I will not have health insurance, hopefully will be able to get covered california.
I will get $1270 month small pension will take at 55.
I will get $2000 month SS will take at 62.
I am planning on resources lasting until 85.
I want to spend every penny.
Plan seems to work using Firecalc. What do you all think?
Will plan work? If it was your portfolio what might you do different ?
Thanks in advance!
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