Gonna pull the plug at the end of the year and need advice on 2 things... should I change current very conservative investments and would anyone else pull the plug in this situation?
I am 57, married (wife is 56), kids on their own, own condo in northeast and home in FL free and clear. Plan to work part time for a few more years. 50% of these earnings will go into Roth and after tax savings account which are pretty much depleted. No CC debt. Frugal lifestyle and would like to keep snowbirding as long as we can. Condo & house currently account for ~26% of expenses even though we don't have a mortgage. Plan on selling the condo at age 70.
Will have $750k in 401k at the end of the year if everything goes as planned. Have 75% in stable value fund at 6% and 25% in company stocks and mutual Funds which have so far earned ~10% this year. Will need to pull 4% ($30k)starting next year to fund expenses. Have aerospace pension and company pays $7,500 toward healthcare each year, which is my biggest worry due to the ~15.5% increase last year.
I know there probably isn't enough to go on here but I'd like to start the ball rolling to see if I'm making a big mistake.
I am 57, married (wife is 56), kids on their own, own condo in northeast and home in FL free and clear. Plan to work part time for a few more years. 50% of these earnings will go into Roth and after tax savings account which are pretty much depleted. No CC debt. Frugal lifestyle and would like to keep snowbirding as long as we can. Condo & house currently account for ~26% of expenses even though we don't have a mortgage. Plan on selling the condo at age 70.
Will have $750k in 401k at the end of the year if everything goes as planned. Have 75% in stable value fund at 6% and 25% in company stocks and mutual Funds which have so far earned ~10% this year. Will need to pull 4% ($30k)starting next year to fund expenses. Have aerospace pension and company pays $7,500 toward healthcare each year, which is my biggest worry due to the ~15.5% increase last year.
I know there probably isn't enough to go on here but I'd like to start the ball rolling to see if I'm making a big mistake.