RetiredAt49
Recycles dryer sheets
- Joined
- Oct 30, 2021
- Messages
- 468
My situation:
- Age 49
- Married w/ one teenage left (we have 529 so college paid for)
- No debt (excluding alimony to ex-wife at $1,500/month but that's factored in our annual expenses)
- $1.8 million in a brokerage account (100% equities being managed with a Wealth Management Company)
- $500,000 in IRA’s
- $200,000 in savings account
- $500,000 primary home (paid off)
- $500,000 cabin (paid off)
- $1,500,000 investment properties that generate approx. $45,000/year (which isn't great because two kids live in a couple of properties but we have 6 units total). We plan to sell them over the next 3-5 years.
- $6,400/month for the next 8.5 years (business buyout and tax free)
- Needs/wants: $150k/year (after tax) for the next ~20 years and then I suspect in our 70's that figure will drop to ~$100k/year.
By the way, SS should be around $3,800 for me and half that for my wife at max retirement age.
- Age 49
- Married w/ one teenage left (we have 529 so college paid for)
- No debt (excluding alimony to ex-wife at $1,500/month but that's factored in our annual expenses)
- $1.8 million in a brokerage account (100% equities being managed with a Wealth Management Company)
- $500,000 in IRA’s
- $200,000 in savings account
- $500,000 primary home (paid off)
- $500,000 cabin (paid off)
- $1,500,000 investment properties that generate approx. $45,000/year (which isn't great because two kids live in a couple of properties but we have 6 units total). We plan to sell them over the next 3-5 years.
- $6,400/month for the next 8.5 years (business buyout and tax free)
- Needs/wants: $150k/year (after tax) for the next ~20 years and then I suspect in our 70's that figure will drop to ~$100k/year.
By the way, SS should be around $3,800 for me and half that for my wife at max retirement age.