Buckleyrw
Confused about dryer sheets
Hi All...another of those long time lurkers and would like the wise insight from all. Here are the details
- 59 years old. $770K in 401K, $128k in Roth, $74k between taxable accounts and emergency funds.
- Contributing $45k annually between my cont., spouse and company match.
- Zero debt (yes, even the house)
- $183k in grandfathered pension. Can collect LS or ~$900/math in a fixed annuity.
- Spending tracked for 6 mths now at $6200/mth. Expect some expenses will drop in retirement (charitable giving,
IRA contributions, some discretionary categories). Believe $5,000/mth will be reasonable budget.
- have run all the calculators (Firecalc, Fidelity, Home grown spreadsheet) and all project full funding out to 90 yrs (me) and
92(spouse). Assuming 3.5% inflation and 4% investment return.
- wife and I have $160k LTC insurance growing 3% per yr
- Planning 66.5 yrs for SS and assuming 75% of est benefit to account for future risk.
- Can get company subsidized HC at $300/person at 60. Budgeting $1k/mth for premiums + out of pocket.
Considering retirement soon.
Am I crazy? What am I missing?
- 59 years old. $770K in 401K, $128k in Roth, $74k between taxable accounts and emergency funds.
- Contributing $45k annually between my cont., spouse and company match.
- Zero debt (yes, even the house)
- $183k in grandfathered pension. Can collect LS or ~$900/math in a fixed annuity.
- Spending tracked for 6 mths now at $6200/mth. Expect some expenses will drop in retirement (charitable giving,
IRA contributions, some discretionary categories). Believe $5,000/mth will be reasonable budget.
- have run all the calculators (Firecalc, Fidelity, Home grown spreadsheet) and all project full funding out to 90 yrs (me) and
92(spouse). Assuming 3.5% inflation and 4% investment return.
- wife and I have $160k LTC insurance growing 3% per yr
- Planning 66.5 yrs for SS and assuming 75% of est benefit to account for future risk.
- Can get company subsidized HC at $300/person at 60. Budgeting $1k/mth for premiums + out of pocket.
Considering retirement soon.
Am I crazy? What am I missing?
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