The title says a lot. I'm looking to retire at 55 years old, my wife being 54 at that time. I would still have a 20 year old daughter and a 15 year old son (yes I'm a late Dad).
Right now my biggest challenge is setting up the asset allocation for my investments, and figuring out how to divide up that allocation among the (forced) asset allocations I have to pick from.
I plan to post more in another sub-forum, however I'll say this, I'm trying to balance 5 buckets:
1: Two 457 plans, one mine, one my DW.
2. Two Roth IRAs, one mine, one my DW.
3. A rollover (traditional) IRA, DW
4 and 5. College funds for my two children.
I'll also have a pension, but there is no asset allocation planning needed on that it is essentially a 'you get what you get' setup.
Thanks for listening, I've been a lurker for a while, now I'm coming out of the shadows.
Right now my biggest challenge is setting up the asset allocation for my investments, and figuring out how to divide up that allocation among the (forced) asset allocations I have to pick from.
I plan to post more in another sub-forum, however I'll say this, I'm trying to balance 5 buckets:
1: Two 457 plans, one mine, one my DW.
2. Two Roth IRAs, one mine, one my DW.
3. A rollover (traditional) IRA, DW
4 and 5. College funds for my two children.
I'll also have a pension, but there is no asset allocation planning needed on that it is essentially a 'you get what you get' setup.
Thanks for listening, I've been a lurker for a while, now I'm coming out of the shadows.