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12-16-2010, 04:53 PM
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#1
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Confused about dryer sheets
Join Date: Dec 2010
Location: Woodstock
Posts: 2
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Hello from Georgia
Hey everyone,
I am 37 years old, married, one son with another on the way!
My wife and I have about 140K saved for retirement. In our Roths, which are about 1/3 of the total we have all vanguard. I have a mixture of different funds, the wellington rockstar, a REIT, emerging market, wellesey (sp?), and a mid cap...I have about 60% of it in Wellington and the other 40% is split pretty evenly in the others. My wife has one of Vanguard's target funds, 2035
We also are both eligible for a pension upon retirement and we have about 50K in those accounts. Just a straight account, no investment type thing. The pension benefit will be worth way more than our contributions.
The rest of our money is in an online savings account. Not really looking for any specific advise, just like to see what other people do with their money. Looking forward to it....
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12-16-2010, 05:40 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,568
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 Quote:
My wife and I have about 140K saved for retirement. In our Roths, which are about 1/3 of the total we have all vanguard. I have a mixture of different funds, the wellington rockstar, a REIT, emerging market, wellesey (sp?), and a mid cap...I have about 60% of it in Wellington and the other 40% is split pretty evenly in the others. My wife has one of Vanguard's target funds, 2035
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Congrats Jaws.
You are on the way to success it seems.
Welcome here.
But...do you have a Financial Plan?
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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12-16-2010, 06:13 PM
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#3
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Confused about dryer sheets
Join Date: Dec 2010
Location: Woodstock
Posts: 2
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Quote:
Originally Posted by mickeyd
Congrats Jaws.
You are on the way to success it seems.
Welcome here.
But...do you have a Financial Plan?
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You would have to define plan....
I don't have a plan to retire early, because my career does not realy allow for it. I will be eligible for my pension after 30 years of service, which I have 9 now, so I have about 20 years left.
As far as a financial plan, my wife and I dollar-cost-average our Roths every month and put 1K into savings. Our pensions will pay us 60% at retirement for each of us. In todays dollars, that would amount to almost 80K a year. My plan is to ride the Roth IRAs without touching them as long as possible.
Not counting on anything from Social Security...I don't really consider us to have a financial plan, more so a financial mindset, just in the way we live. I have not gotten into estate planning or anything like that yet, but will soon...
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12-16-2010, 06:19 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,399
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Quote:
Originally Posted by Jaws
I will be eligible for my pension after 30 years of service, which I have 9 now, so I have about 20 years left.
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37 + 20 = age 57. Looks early to me.
__________________
Numbers is hard
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12-16-2010, 06:49 PM
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#5
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Administrator
Join Date: Apr 2006
Posts: 20,544
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Welcome Jaws. It sounds as if you are on the right track. Have you tried running Firecalc (link at bottom of page) to determine if your current plan will support your expected spending needs?
__________________
Living an analog life in the Digital Age.
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