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.