Sniggle
Recycles dryer sheets
As I approach 50 (turn 49 on January 31), I find myself spending more time thinking about retirement. Kinda silly, since one of the important legs of my retirement stool is the pension from my current job, forcing me to work until 60 or 62 to take full advantage of it.
I am in pretty good shape, I think, with 10-12 working years still to endure.
401K, with modest gains, should be over $1 million in a couple of years. I have about $70 in Roth IRAs.
Pensions will include a tiny one at 65 from a former job ($200/month), an army reserve pension at 60, and a pension from my current employer (should be safe, solid company, pension plan closed for new employees a dozen of years ago).
I don't see a way to get rid of my mortgage.....I just don't make enough to cover the bills, save, and pay off the mortgage early. I am actually thinking that using 401K disbursements to pay mortgage payments in retirement might make sense....maybe.
I am in pretty good shape, I think, with 10-12 working years still to endure.
401K, with modest gains, should be over $1 million in a couple of years. I have about $70 in Roth IRAs.
Pensions will include a tiny one at 65 from a former job ($200/month), an army reserve pension at 60, and a pension from my current employer (should be safe, solid company, pension plan closed for new employees a dozen of years ago).
I don't see a way to get rid of my mortgage.....I just don't make enough to cover the bills, save, and pay off the mortgage early. I am actually thinking that using 401K disbursements to pay mortgage payments in retirement might make sense....maybe.