Hi.....I'm new to this forum, and would appreciate all the advice I can get!
I'm 57, have $1.7M in net investment assets, 40% equities, 9% Gold, and the rest in CD's/MM/ Bond funds. My wife is 53, and works PT. 2 kids have graduated college, one more in school for 2 more years, but the schooling is already paid off. I'll also get a pension of about $31K/year, indexed to inflation.
We will need approx. $90K/year, including taxes, to cover our current lifestyle. SS will kick in at about $30K/year as well for my wife and I combined, but that's at least 10 years down the road.
I guess I might be overly conservative, or maybe I just believe we're on the brink of a really bad investment stretch (that would be my luck), but I somehow think this isn't enough! An investment advisor recently suggested that I keep working for at least another year or 2, but it seems unlikely that I'll be able to do that.
Any insights would be MUCH appreciated!
I'm 57, have $1.7M in net investment assets, 40% equities, 9% Gold, and the rest in CD's/MM/ Bond funds. My wife is 53, and works PT. 2 kids have graduated college, one more in school for 2 more years, but the schooling is already paid off. I'll also get a pension of about $31K/year, indexed to inflation.
We will need approx. $90K/year, including taxes, to cover our current lifestyle. SS will kick in at about $30K/year as well for my wife and I combined, but that's at least 10 years down the road.
I guess I might be overly conservative, or maybe I just believe we're on the brink of a really bad investment stretch (that would be my luck), but I somehow think this isn't enough! An investment advisor recently suggested that I keep working for at least another year or 2, but it seems unlikely that I'll be able to do that.
Any insights would be MUCH appreciated!