We’ve reached that point where we have accumulated what we feel will be comfortable for us in retirement. We retired a few years ago in our early 60’s and DH did some consulting work to give us a little bit of money so our withdrawals weren’t significant at all. We haven’t started SS and will wait another year or two. No pensions. Our largest expense is healthcare. DH is now on MC and I have 2 more years. We can hopefully get a little help with a subsidy, but we’re looking at 2 more years, which amounts to $25K. Own our home and car, but we’ll need a new car in a year.
I’ve been a diligent saver all my life and have enjoyed learning a little about our financial health. Keep a log of expenses so we have a very clear handle on our output. Firecalc consistently gives us 100%. Fidelity gives us the all ok as well.
So, onto my issue. We are getting to the point of changing our allocation significantly. We want to keep a small percentage in the Index 500 account (Vanguard) and move the rest to something safe. We thought CD’s. Opened one last weekend at Ally when they had their extra 1% offer. I don’t think we should go anywhere further out than 2 years right now. But, what else is there? What are we overlooking?
I have a year of expenses sitting in a MM.
This is a far different concept than we’ve been accustomed to. I know that inflation will eat away a bit if I don’t keep more in the market. But, we can’t afford to lose anymore and are willing to take the risk of being too safe.
Appreciate any and all responses. Any questions please ask. Thank you
I’ve been a diligent saver all my life and have enjoyed learning a little about our financial health. Keep a log of expenses so we have a very clear handle on our output. Firecalc consistently gives us 100%. Fidelity gives us the all ok as well.
So, onto my issue. We are getting to the point of changing our allocation significantly. We want to keep a small percentage in the Index 500 account (Vanguard) and move the rest to something safe. We thought CD’s. Opened one last weekend at Ally when they had their extra 1% offer. I don’t think we should go anywhere further out than 2 years right now. But, what else is there? What are we overlooking?
I have a year of expenses sitting in a MM.
This is a far different concept than we’ve been accustomed to. I know that inflation will eat away a bit if I don’t keep more in the market. But, we can’t afford to lose anymore and are willing to take the risk of being too safe.
Appreciate any and all responses. Any questions please ask. Thank you