Hi been reading alot of the posts and now am ready to explain my situation. Wife and I have approximately $1 million set aside not including house that is paid off. Wife is teacher and I am an engineer. I am 49 and wife is 52 our money is tied up in 401's. Broken down into mostly 60% bonds and 40 % stocks in mutual funds.
My wife will get two pensions total about 1600 a month at age 62 and I will get one about 200 a month.
SS should be about 1100 for wife at 62 and same with me.
We would like to retire around 55 both us.
What do you think
My wife will get two pensions total about 1600 a month at age 62 and I will get one about 200 a month.
SS should be about 1100 for wife at 62 and same with me.
We would like to retire around 55 both us.
What do you think