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Old 08-16-2018, 06:47 AM   #21
Recycles dryer sheets
Join Date: Aug 2018
Location: FL east coast
Posts: 68
you are getting good financial advice here - especially on the forced savings thing, don't do that.
At the sage old age of 62 my advice is on yourself physically. Most of my friends are around my age of course (55-70). Only problem is they are physical bags of shite with medical problems as a result of that.
We can think of many friends that are a lot of fun but they can't travel or they could not keep up with us by any means. Too bad.
Stay in shape, exercise in any way you like. Walk, run, swim, hike, bike ... anything at all. Plenty of youtube fitness segments to find...

bottom line, be able to enjoy your retirement!
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Old 08-16-2018, 04:45 PM   #22
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HI Bill's Avatar
Join Date: Dec 2017
Posts: 2,203
Originally Posted by Ready2Save View Post
$790K – 401Ks and IRAs - We max out contributions each year (including wife’s catch-up) and IRAs all consolidated @ Vanguard.
I agree with others...contributing to a ROTH IRA would be a good tax hedge for the time when you're taking distributions.
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Old 08-16-2018, 05:32 PM   #23
Dryer sheet aficionado
Join Date: Aug 2018
Posts: 36
Just wanted to take a minute and say thank you for the warm welcome and sage advice - really appreciate it!

pb4uski (and others) - I will look into Quicken and agree there is a ton of value in tracking expenses. I think I am scared to know how much "leakage" I have with eating out...yikes!

Hermit - I hear you and I definitely need to work on my "tax diversification" while I still have some runway to do so.

HNL Bill - we are over the income limit to contribute to a Roth. However, both of our companies are "looking into" adding a Roth 401K option in the future.
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