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05-31-2004, 07:10 AM

There's one thing I forgot to mention. I have another small pension that will kick in when I turn 56 and run until Social Security starts at age 62.

Therefore, if I leave the 401K until later, the income picture looks like this:

age 53-56: 25K pension (plus income from house sale?)
age 56-62: 25K pension plus 9K smaller pension = $34K
age 62-70: 25K pension (inflation adj begins) plus Soc Security $17K = 42K
age 70- : 42K plus withdrawals from 401K and IRA

I've gotta tell you, these numbers look small to a guy who has been making $100K/yr. I really need to figure out my annual retirement expenses before I go any farther.

05-31-2004, 07:10 AM	#9
Bill J. Guest Posts: n/a	There's one thing I forgot to mention. I have another small pension that will kick in when I turn 56 and run until Social Security starts at age 62. Therefore, if I leave the 401K until later, the income picture looks like this: age 53-56: 25K pension (plus income from house sale?) age 56-62: 25K pension plus 9K smaller pension = $34K age 62-70: 25K pension (inflation adj begins) plus Soc Security $17K = 42K age 70- : 42K plus withdrawals from 401K and IRA I've gotta tell you, these numbers look small to a guy who has been making $100K/yr. I really need to figure out my annual retirement expenses before I go any farther.