Hello. This is my first post here. I'm looking for some financial advice, as it is difficult to find anybody to talk to in real life on this topic.
My questions are -
a) Can I retire in 10-12 years?
b) What should I do with my portfolio now?
Background information.
I am 31, married, no kids. We have separate finances.
I make $150k, after taxes. I spend $45k a year.
Residence is worth $800k. Mortgage is $155k. 9 years left.
Liquid assets worth another $800k. Distribution: Big caps individual stocks 70%. Bonds: 12%. Cash 15%. Misc. 3%. She has another $100k, I think
My problem is I don't know what to do with the cash.
My wife and I will get a pension when we reach 60.
Thank you.
My questions are -
a) Can I retire in 10-12 years?
b) What should I do with my portfolio now?
Background information.
I am 31, married, no kids. We have separate finances.
I make $150k, after taxes. I spend $45k a year.
Residence is worth $800k. Mortgage is $155k. 9 years left.
Liquid assets worth another $800k. Distribution: Big caps individual stocks 70%. Bonds: 12%. Cash 15%. Misc. 3%. She has another $100k, I think
My problem is I don't know what to do with the cash.
My wife and I will get a pension when we reach 60.
Thank you.