trapperjohn
Recycles dryer sheets
- Joined
- Jun 1, 2012
- Messages
- 87
I've been reading and occasionally contributing to this this website for several years now. I'm wondering if now is the time to RE, or not. My situation:
Ages: 60 (me) & 56 (DW), both plan to live to 95
Kids are all launched.
Assets:
1) tIRA: $1,000,000 invested 71% stock index funds, 21% bond index funds, 8% in a MMF within the tIRA.
2) Roth IRA: $69,000 invested in stock index funds.
3) Intend to retire-in-place and not sell home
Planned cash flow:
1) Expenses: $72K/year after taxes
2) Pension from former megacorp: $24K/yr after taxes (collecting now)
3) Withdraw from IRAs: $48K first 2 years, $24K thereafter when SS starts
4) SS: $23K (me starting in 2 years at age 62). DW's SS will be $11.5K when she starts collecting at her age 65.
I could add many more facts which I think would simply clutter up the real question: Do you think I can jump?
Ages: 60 (me) & 56 (DW), both plan to live to 95
Kids are all launched.
Assets:
1) tIRA: $1,000,000 invested 71% stock index funds, 21% bond index funds, 8% in a MMF within the tIRA.
2) Roth IRA: $69,000 invested in stock index funds.
3) Intend to retire-in-place and not sell home
Planned cash flow:
1) Expenses: $72K/year after taxes
2) Pension from former megacorp: $24K/yr after taxes (collecting now)
3) Withdraw from IRAs: $48K first 2 years, $24K thereafter when SS starts
4) SS: $23K (me starting in 2 years at age 62). DW's SS will be $11.5K when she starts collecting at her age 65.
I could add many more facts which I think would simply clutter up the real question: Do you think I can jump?