We're planning to ret. next yr. I will be 62 and DW is 60.
We manage our own finances. We have liquid asset about 4.5Mil, but
it's so diversified. The follow up is a nightmare. We intend to live on 85K/year, plus SS.
For the first yr, we think of just placing 85K in a checking account, and draw about 7K/month to start the ball rolling. I have about 1Mil in retirement fund. Should I tap this first or, just get from the cash and bonds? stocks?
I figure to simply move things easy and figure out how to apportion and adjust my assets.
Thanks for comments.
We manage our own finances. We have liquid asset about 4.5Mil, but
it's so diversified. The follow up is a nightmare. We intend to live on 85K/year, plus SS.
For the first yr, we think of just placing 85K in a checking account, and draw about 7K/month to start the ball rolling. I have about 1Mil in retirement fund. Should I tap this first or, just get from the cash and bonds? stocks?
I figure to simply move things easy and figure out how to apportion and adjust my assets.
Thanks for comments.