Our nestegg is as follows:
CASH $650,516
DH 401K $365,799
DW 401K $269,367
DH/DW IRA's $154,234
Joint MF $135,345
Tax Deferred Amount = $789,400
Taxable Amount = $785,861
AA is Cash 41.27%, Fixed 5% return 20.46, MF stock index 24.17%, MF bond index 14.10%
All MF are VG Index Funds. The guaranteed 5% is DH 401k and earns that rate as long as its not touched.
The UHC insurance can be extended after employment ends and is 2 party, $600/per deductible, Max out of pocket/per is $3000 annual. We would keep this in the budget for 3 years @ $15K annual. After that the DH turns 65 and DW needs a policy.
Our Initial Projected Income Annual:
DH SS Income Annual (age 62) $17172
DW & DH PTJ Earnings $25000
Additional funds $32000 $74172 TOTAL
Pre Tax Amounts, and we still need to use tax estimators recommended here to determine net annual income that covers our 60K budget needs.
The additional funds could come from taxable or tax deferred accounts.
The guaranteed 5% earnings on DH 401K is $16K every year and so only $16 Kadditional is needed from nestegg every year to match the $32K needed additional funds. If that works, what is our WR?
Home sale $160K - $250K Home purchase will reduce nest by $90K.
Questions:
Should we post our initial budget for Phoenix area?
We run our numbers in FireCalc and Flexible Retirement Planner and they look good to us. Should we use more calculators?
Should we look at using cash and delaying DH SS to age 66?
I did not allow for emergency expenses or much of a cushion. ??
Thanks So Much
CASH $650,516
DH 401K $365,799
DW 401K $269,367
DH/DW IRA's $154,234
Joint MF $135,345
Tax Deferred Amount = $789,400
Taxable Amount = $785,861
AA is Cash 41.27%, Fixed 5% return 20.46, MF stock index 24.17%, MF bond index 14.10%
All MF are VG Index Funds. The guaranteed 5% is DH 401k and earns that rate as long as its not touched.
The UHC insurance can be extended after employment ends and is 2 party, $600/per deductible, Max out of pocket/per is $3000 annual. We would keep this in the budget for 3 years @ $15K annual. After that the DH turns 65 and DW needs a policy.
Our Initial Projected Income Annual:
DH SS Income Annual (age 62) $17172
DW & DH PTJ Earnings $25000
Additional funds $32000 $74172 TOTAL
Pre Tax Amounts, and we still need to use tax estimators recommended here to determine net annual income that covers our 60K budget needs.
The additional funds could come from taxable or tax deferred accounts.
The guaranteed 5% earnings on DH 401K is $16K every year and so only $16 Kadditional is needed from nestegg every year to match the $32K needed additional funds. If that works, what is our WR?
Home sale $160K - $250K Home purchase will reduce nest by $90K.
Questions:
Should we post our initial budget for Phoenix area?
We run our numbers in FireCalc and Flexible Retirement Planner and they look good to us. Should we use more calculators?
Should we look at using cash and delaying DH SS to age 66?
I did not allow for emergency expenses or much of a cushion. ??
Thanks So Much