Beryl
Recycles dryer sheets
- Joined
- Jun 20, 2007
- Messages
- 413
The good news is that our company sponsored investment company confirmed that I can do so whenever I want and do not need to work. I've joined this group to better prepare for leaving as soon as feasible. I'm holding out until 55 or when I offered a "pink-slip" settlement.
Profile:
Single/No Kids, 52, earning ~$140K/annually, conservative investor, estimate needing $50K/year to live comfortably after retirement.
Objectives:
Plan:
Health care - the investment company estimated $551/month out of pocket because I should prepare for the worse. I pay NOTHING now and currently of good health needing (no meds). Do I really need to prepare for that much in health care?
Unknowns - Every retirement calculator results in me dying with $1-2M. I could relax but I'm concerned that there is big "unknown" out there. What are the unplanned issues most people face after retirement?
Scams - There are a lot of folks out there who looking to cheat boomers who have worked long and hard. I currently have identity theft insurance and think I need an independent estate manager. What ways should I protect my assets?
Profile:
Single/No Kids, 52, earning ~$140K/annually, conservative investor, estimate needing $50K/year to live comfortably after retirement.
Objectives:
- Retire in January 1, 2010,
- Sell home and purchase smaller summer/winter town homes
- Work part-time doing online or traditional college teaching
- Do charity work
- Use up my resources for good and leave the rest to charity
- $350K in 401K (60:40 Stocks/Bonds)
- $40K Cash
- $150K Company Stock and Options
- $5K other stock
- $450K value house
- $15K Timeshare
- $42K annual pension starting at 55 yrs of age
- Unknown value of inherited undeveloped land in one of the states where I want a town home
Plan:
- Reduce company stock holdings via charitable donations instead of using cash
- Move more of 401K allocation to international stock
- Shop for first townhouse
- Recreate resume for teaching and scope out opportunities
Health care - the investment company estimated $551/month out of pocket because I should prepare for the worse. I pay NOTHING now and currently of good health needing (no meds). Do I really need to prepare for that much in health care?
Unknowns - Every retirement calculator results in me dying with $1-2M. I could relax but I'm concerned that there is big "unknown" out there. What are the unplanned issues most people face after retirement?
Scams - There are a lot of folks out there who looking to cheat boomers who have worked long and hard. I currently have identity theft insurance and think I need an independent estate manager. What ways should I protect my assets?