Hi all,
I am considering pulling the plug on w*rk in the Spring. Here is the scoop on our situation.
Kids grown and on their own.
I am 56, DW, 56
Current budget at about $135K with taxes built in.
I use Fidelity's Income planner for detailed spending plans.
Pension non-COLA $80K/year starting at 56
$2M in 401(k) broken down as follows:
$850K in Fixed fund that pays guarantee 3%( work for a financial firm)
$1.15M in Index funds, s&p, Int, Emerging Growth (60,10,30)
$160K in ROTH IRA
$50K cash
$80K CV Life Ins
Planned for LTC in budget
Planned for SS at 62, but am open to suggestions.
Have health care from employer for both of us until age 65($7K/year for a good plan)
No debt at all. House $400K, Lake camp $200K, truck, car
Plan to be snowbirds and live in FL 7 months of the year. We need to sell our house "North of the wall" to buy a place in FL. Plan to live at lake camp in the Summer.
Next step is drawn down planning and tax help.
thx for any input.
I am considering pulling the plug on w*rk in the Spring. Here is the scoop on our situation.
Kids grown and on their own.
I am 56, DW, 56
Current budget at about $135K with taxes built in.
I use Fidelity's Income planner for detailed spending plans.
Pension non-COLA $80K/year starting at 56
$2M in 401(k) broken down as follows:
$850K in Fixed fund that pays guarantee 3%( work for a financial firm)
$1.15M in Index funds, s&p, Int, Emerging Growth (60,10,30)
$160K in ROTH IRA
$50K cash
$80K CV Life Ins
Planned for LTC in budget
Planned for SS at 62, but am open to suggestions.
Have health care from employer for both of us until age 65($7K/year for a good plan)
No debt at all. House $400K, Lake camp $200K, truck, car
Plan to be snowbirds and live in FL 7 months of the year. We need to sell our house "North of the wall" to buy a place in FL. Plan to live at lake camp in the Summer.
Next step is drawn down planning and tax help.
thx for any input.