wallygator69
Recycles dryer sheets
- Joined
- Jan 27, 2006
- Messages
- 373
We currently are 59 years old and are renting. No kids. Our total annual expenses are $50k per year. We would like to buy a condo in the next 2 years in the $700k range. We have only $530k in non retirement accounts. What would you do? We'd have to wipe out DW Roth to buy it and fund Retirement til 65 years old.. I’d hate a mortgage but that may make sense…Thoughts?
Our plans for various reasons
SS at 65 $2667/month or $32k /yr
DW SS at 62 $1513/month or $18k/yr
Pension at 65 $213/month or $2.6k/yr
DW pens at 65 $1336/month or $16k/yr
Total $5729/ month or $68,600/year
Current holdings all in MM or Treasuries/Ibonds
My IRA $270k
My Roth $325k
DW IRA $330K
DW Roth $350K
Brokerage $530k
(Taxable)
Ibonds $70k
HSA $75k
Checking $25k
Total $1,975,000
Thank You,
Wally
Our plans for various reasons
SS at 65 $2667/month or $32k /yr
DW SS at 62 $1513/month or $18k/yr
Pension at 65 $213/month or $2.6k/yr
DW pens at 65 $1336/month or $16k/yr
Total $5729/ month or $68,600/year
Current holdings all in MM or Treasuries/Ibonds
My IRA $270k
My Roth $325k
DW IRA $330K
DW Roth $350K
Brokerage $530k
(Taxable)
Ibonds $70k
HSA $75k
Checking $25k
Total $1,975,000
Thank You,
Wally