Join Early Retirement Today
Thread Tools Search this Thread Display Modes
42 year old, married, kids, looking to retire in 13 years
Old 02-17-2016, 08:43 PM   #1
Dryer sheet aficionado
Join Date: Nov 2015
Posts: 35
42 year old, married, kids, looking to retire in 13 years

The title says a lot. I'm looking to retire at 55 years old, my wife being 54 at that time. I would still have a 20 year old daughter and a 15 year old son (yes I'm a late Dad).

Right now my biggest challenge is setting up the asset allocation for my investments, and figuring out how to divide up that allocation among the (forced) asset allocations I have to pick from.

I plan to post more in another sub-forum, however I'll say this, I'm trying to balance 5 buckets:

1: Two 457 plans, one mine, one my DW.
2. Two Roth IRAs, one mine, one my DW.
3. A rollover (traditional) IRA, DW
4 and 5. College funds for my two children.

I'll also have a pension, but there is no asset allocation planning needed on that it is essentially a 'you get what you get' setup.

Thanks for listening, I've been a lurker for a while, now I'm coming out of the shadows.

Matthew J is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-18-2016, 09:08 AM   #2
Thinks s/he gets paid by the post
Join Date: Apr 2006
Location: North Bay
Posts: 1,069
Matthew, welcome to E-R as an active contributor. Best of luck getting your assets allocated the way you want them. Don't sweat getting them exactly perfect. Get them about right and spend your time with your family. The money will mostly take care of itself once you get it settled.

scrinch is offline   Reply With Quote
Old 02-18-2016, 11:04 AM   #3
MBAustin's Avatar
Join Date: Jul 2010
Posts: 6,262
Welcome, Matthew!

A couple of ideas for helping with your allocations:
- If all of the IRAs are with one custodian such as Vanguard, at least you can watch that allocation in one place. Vanguard also lets you do some tracking on the rest of your portfolio by using Yodlee (I haven't tried that yet).

- Morningstar lets you do portfolio analysis - I think you have to pay for premium to actually save the data but it's a pretty powerful tool and might be worth paying for it for a year (and if you threaten to cancel, you'll get a steep discount for the 2nd year). There have been a number of threads here on using it for analysis, including this one:

Happy allocations!
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." William Feather
ER'd Oct. 2010 at 53. Life is good.
MBAustin is offline   Reply With Quote
Old 02-18-2016, 11:44 AM   #4
Recycles dryer sheets
Join Date: Jan 2015
Posts: 108
I think how you invest your 457 & IRAs will depend on how much of your retirement income you expect to get from your pension(s) at 55? If the majority of your income will be from pensions, I would put almost everything in stocks. (I don't have a pension, so I don't have a target asset allocation to help you)
As far as kids college funds, I'm using a target date fund that was offered within the 529 plan. Although I may change it up a bit and get even more conservative as the kids get into high school.
enginerd is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
18 year old form the UK looking to retire in under 10 years. mrjim Hi, I am... 10 01-16-2014 09:14 PM
27 years old, married no kids, looking to retire by 50 NOLA Rob Hi, I am... 13 05-22-2012 11:36 AM
31 year old, married with two young kids, looking to FIRE in 5 years alexbalex Hi, I am... 52 03-19-2012 02:17 PM
For currently married MEN only. MUST be married for at least 10 years. Sam Other topics 33 01-08-2007 02:24 PM

» Quick Links

All times are GMT -6. The time now is 10:37 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.