RetireAge50
Thinks s/he gets paid by the post
- Joined
- Aug 6, 2013
- Messages
- 1,660
Hello, recently found this site via iphone app. I have enjoyed reading the stories so thought I would share ours, kinda bland but here goes.
Married in 1989, NW zero, Income zero.
I am a business analyst at a major corporation (never without a job) and my wife is a school teacher (took about 7 years off when children were young).
Consistently saved about 15% of Income to tax deferred accounts. Also saved the maximum to Roth's since they started.
2 Children, both expected to graduate from college and independent within the next 5 years.
Currently ages 46 and 45, hope to retire in the next 5 years
Current / At Retirement
Tax Deferred: $800K / $1.3M
Roth: $160K / $288K
Home: $300K / $300K
Cash: $60K / $60K
Debt: $0 / $0
Plus Pension about $15,000/yr (today's dollars) age 65 (has cola starting immediately).
AA about 80/20
Assumptions: Currently invest about $35,000 to tax deferred accounts and $11,000 to Roth each year, 7% ROI
Investment Strategy: Buy and Hold Low Cost Mutual Funds, Mixture of Growth and Balanced, Small to Large Cap, Primarily Vanguard and T.Rowe Price
Would like to travel the world during retirement staying 6-12 months at each stop. Once we tire of this will likely settle in the Seattle WA area.
Thanks for reading, comments/thoughts/suggestions welcome.
Married in 1989, NW zero, Income zero.
I am a business analyst at a major corporation (never without a job) and my wife is a school teacher (took about 7 years off when children were young).
Consistently saved about 15% of Income to tax deferred accounts. Also saved the maximum to Roth's since they started.
2 Children, both expected to graduate from college and independent within the next 5 years.
Currently ages 46 and 45, hope to retire in the next 5 years
Current / At Retirement
Tax Deferred: $800K / $1.3M
Roth: $160K / $288K
Home: $300K / $300K
Cash: $60K / $60K
Debt: $0 / $0
Plus Pension about $15,000/yr (today's dollars) age 65 (has cola starting immediately).
AA about 80/20
Assumptions: Currently invest about $35,000 to tax deferred accounts and $11,000 to Roth each year, 7% ROI
Investment Strategy: Buy and Hold Low Cost Mutual Funds, Mixture of Growth and Balanced, Small to Large Cap, Primarily Vanguard and T.Rowe Price
Would like to travel the world during retirement staying 6-12 months at each stop. Once we tire of this will likely settle in the Seattle WA area.
Thanks for reading, comments/thoughts/suggestions welcome.
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