Reader Lou
Confused about dryer sheets
I've been reading for a while, and I guess it's time to jump in. My husband and I are in our late 50s. We had hoped for him to retire in a couple of years, but with the stinky economy, we're not sure. He works as an engineer for a large corporation and makes a little over 100K. I've worked from time to time, but usually have had to leave jobs when we've been transferred. Retirement looks like this, I think. About $800K in his 401K in various funds that have all lost tons of $$ lately, of course. Also, I have an inheritance of about $800K invested with Edward Jones in a balanced portfolio. It also has lost $$. My brother and I own a farm together that we hope to sell sometime in the next ten years so that we can CLEAR somewhere near $1million each. We'd like to retire somewhere in the north where the weather isn't sticky like here in the south. We have two sons who we'd like to leave nice inheritances to. (They're good kids and have never caused us a minute's worry.) We have 529 accounts for our two grandkids. Personally, I don't think my husband will be happy in retirement unless he's busy. He loves woodworking and makes furniture so I hope he can do something with that. I'm an artist. Any thoughts for us In advance, thank you!