Retire March 2020
This is a site I've great admiration for, having visited this often over the past couple of years as I was contemplating early retirement myself. Thanks to all those who contribute here!
Bit about myself: 54 years old, wife, 2 kids, one enters college in 2014, other in 2016; Have saved a lot for retirement consistently, followed value investing methods; Have over a million in retirement and growing. Do not have too much outside of retirement, for ex, have not saved enough for putting kids thru college, maybe 1 year of college each.
I have a couple of questions:
1) Having large retirement distributions coming, should I borrow most of the college bill for the kids, knowing that I can pay it off later? Thinking of keeping the non-retirement cushion. Is this a good approach?
2) I'm a little concerned about my tax rate actually being higher in retirement, because of things like minimum required distributions from a sizeable IRA acct when I turn 70. Is there anyone who has/had to deal with a similar situation? Any suggestions.
Thanks for any thoughts around this. This is a great forum and I'd like to learn from others.