SheitlQueen
Full time employment: Posting here.
- Joined
- Mar 28, 2017
- Messages
- 629
I am considering retiring at the end of the year, and am a little nervous about it. Firecalc says I'm okay, and I spoke with Fidelity and they say I'm okay too.
Still......thought I would ask for another opinion. Giving up a nice income makes me a little nervous.
My current monthly expenses run around $2400 per month. I don't see them changing except as prices rise due to inflation.
My income after retirement would be $2800 per month. It will go up when I turn 70 (in 7 years) and take my own social security (it will increase approximately $1500 per month)
I will be buying my health insurance from the ACA exchange.If it goes by the wayside at some point, I'm two years away from Medicare.
Current investments:
1,100,000 in sep/roth iras.
340,000 non-ira split between a mutual fund and a bond fund.
100,000 cash (my emergency money).
My house is free and clear (worth around $500,000)
and I own two rentals (combined worth around $450,00 with
a mortgage on one of $67,000)
So two questions:
First, do things look good for retiring?
Second, I will shortly be inheriting somewhere between $300,00 to $400,000 in addition to the above. Any idea on what to do with it?
Still......thought I would ask for another opinion. Giving up a nice income makes me a little nervous.
My current monthly expenses run around $2400 per month. I don't see them changing except as prices rise due to inflation.
My income after retirement would be $2800 per month. It will go up when I turn 70 (in 7 years) and take my own social security (it will increase approximately $1500 per month)
I will be buying my health insurance from the ACA exchange.If it goes by the wayside at some point, I'm two years away from Medicare.
Current investments:
1,100,000 in sep/roth iras.
340,000 non-ira split between a mutual fund and a bond fund.
100,000 cash (my emergency money).
My house is free and clear (worth around $500,000)
and I own two rentals (combined worth around $450,00 with
a mortgage on one of $67,000)
So two questions:
First, do things look good for retiring?
Second, I will shortly be inheriting somewhere between $300,00 to $400,000 in addition to the above. Any idea on what to do with it?