robertf57
Recycles dryer sheets
- Joined
- Jun 8, 2014
- Messages
- 337
Been on the board for a brief time. Got motivated when one of my buddies had a large stroke while working his a$$ off. Believe we are FI and can RE; but will see what the sages of the board say
Age 57
Married and kids through college
RE 2015?
Net worth $4.1M (1.1M is primary home leaving $3M in financial assets)
No debt
$400K is in a state defined benefit pension which will pay out $63K/ year at 62 (no COLA but fund performance based increases are possible. None awarded in last 10 years)
Social Security says $42K at 70
Have $350K in TIAA real estate which has done very well
$100K in a non-traded REIT which is paying 6.5%,
200K in differed comp payable in January of year after separation. Additional $350K is in a TIAA traditional retirement account paying 4.6% which would currently annuitize at 5% if I chose that route.
These represent my " Cash/Bond" allocation of $1.4 M.
Also have a small business netting $20K/year to me as the absent owner.
The remaining $1.6 M is in equities.
Wife says we will be fine on $100K.
Seems like it should be doable to me....
Age 57
Married and kids through college
RE 2015?
Net worth $4.1M (1.1M is primary home leaving $3M in financial assets)
No debt
$400K is in a state defined benefit pension which will pay out $63K/ year at 62 (no COLA but fund performance based increases are possible. None awarded in last 10 years)
Social Security says $42K at 70
Have $350K in TIAA real estate which has done very well
$100K in a non-traded REIT which is paying 6.5%,
200K in differed comp payable in January of year after separation. Additional $350K is in a TIAA traditional retirement account paying 4.6% which would currently annuitize at 5% if I chose that route.
These represent my " Cash/Bond" allocation of $1.4 M.
Also have a small business netting $20K/year to me as the absent owner.
The remaining $1.6 M is in equities.
Wife says we will be fine on $100K.
Seems like it should be doable to me....