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Thanks for the response swakyaby. You don't need to give the name, but was the firm that locked you out for so long a reputable firm like Fidelity or Vanguard? I can't imagine something so extreme happening at one of the reputable firms. When I have had issues in the past they seem to focus on...

I do have a checking account with Bank of America and always have several months of living expenses in the account. I also have check writing ability with my Fidelity account, so I should have access to money even if one of the entities goes off line for some period of time. I guess my concern...

I am 66 years old and recently retired. My wife is 65 years old and retired many years ago. We recently consolidated all of our financial assets into our Fidelity Investments account (a wide variety of mutual funds, stocks, money markets, etc.). We have about $4.5M in financial assets (about 75%...

It has been 1 ½ years since my last significant post. As an update, I retired late last year after 39+ years with a megacorp. It wasn’t fully on my terms, but I did receive a severance package which was certainly welcome. I am 65 (and now on Medicare) and my DW will turn 65 in a couple months...

Do all of the warnings about Whole Life Policies also apply to Long Term Care Policies?

Are all of the inputs and results in Firecalc in today's (current) dollars?

When people say spending, is that spending after taxes?

Age discrimination is clearly present in the working world, and the lack of respect for experienced, seasoned workers seems to be increasing. It is the worst that I have observed in my 38 1/2 years working. Is that a battle you really want to fight at this point in your career? I agree with...

I noticed that many are calculating an income stream based on a 3% or 4% withdrawal on $4.6M. I believe $2.6M of that will be in retirement accounts (401K, Rollover IRA, other IRAs) and won't be accessible for several years (until OP turns 59 1/2) without penalty.

Midpack, I think you are on target. Financial readiness in retirement is a personal decision. There are so many factors that influence the decision, and only the individual who has the complete picture can make a full assessment. That said, it still is helpful to get opinions from others even if...

Thanks to everyone for your responses. All of the feedback makes total sense to me. I think my hesitancy is largely an emotional issue. After working for 38 1/2 years, I do feel some anxiety about closing that chapter of my life. The finality of it spooks me a bit. Many of those 38 1/2 years...

Sorry for the long post. Part of it is anxiety venting on my part for sure. It’s been about 1 year since my original post, and to tell you the truth, not much has changed other than being 1 year older and even more anxious to move onto my next chapter. I am now 63 (will be 64 in three...

Sorry for the long post. Part of it is anxiety venting on my part for sure. It’s been about 1 year since my original post, and to tell you the truth, not much has changed other than being 1 year older and even more anxious to move onto my next chapter. I am now 63 (will be 64 in three...

Thanks Midpack and rodi for your replies. Shouldn't that be clearly stated where one enters "Spending" in the "Start Here" box? Usually when I think of spending I don't put income taxes in that category. I do put property taxes and sales taxes there, but not income taxes.

When you input your projected annual spending in FIRECalc, is that amount after tax?

Thanks to all for the additional inputs. Very helpful and much appreciated. Sunset, the approximately $66K of pension income is in addition to the savings. I have thought about the RMD, and your suggestion to execute some Roth IRA conversions before SS sets in is a good one. By far, most of my...

Thanks to all for your responses. This is my first time on the Early Retirement forum.Very useful to exchange views/perspectives/information... in the retirement planning domain. Someone asked about what the planning tools were telling me. As I stated in my original post, I have used both...

Hi all, I am 62 (will be 63 in three months) and my wife is 62 as well (several months younger than me). I am currently working (my wife stopped working over a decade ago). We have three children (one fully launched and two currently in professional school). I have been working for about...