Hi everyone-
My spouse and I retired in 2013. We are trying to figure out if we are doing ok. Spending too much, too little, allocated ok? We tend to be cautious investors. I am hoping by sharing some numbers we can get some perspective and sound advice! I have used firecalc, but was hoping to get some imput from the group.
We are 63 and 54. Retired in 2013. No pensions
We will each have SS, one of us will take it at 66 FRA ( appx 2500 month)
the other at 62 ( appx 1400 month)
We have planned to live to 95.
Our expenses are 85K plus 10k in taxes, 95K in total per year.
Expenses increased by 3%/ year.( we buy our own health insurance thru the connector, premium included in expense number)
Our total assets are 3.2 million ( excluding primary residence of 400K)
Asset allocation is 850K in tax deferred and 2,350K in NON tax deferred
Asset Mix=
Indiv stocks 350K
ETF/ Mutual funds 1050K
CD's, Ibonds and small amt of cash- 1800K
How are we doing
My spouse and I retired in 2013. We are trying to figure out if we are doing ok. Spending too much, too little, allocated ok? We tend to be cautious investors. I am hoping by sharing some numbers we can get some perspective and sound advice! I have used firecalc, but was hoping to get some imput from the group.
We are 63 and 54. Retired in 2013. No pensions
We will each have SS, one of us will take it at 66 FRA ( appx 2500 month)
the other at 62 ( appx 1400 month)
We have planned to live to 95.
Our expenses are 85K plus 10k in taxes, 95K in total per year.
Expenses increased by 3%/ year.( we buy our own health insurance thru the connector, premium included in expense number)
Our total assets are 3.2 million ( excluding primary residence of 400K)
Asset allocation is 850K in tax deferred and 2,350K in NON tax deferred
Asset Mix=
Indiv stocks 350K
ETF/ Mutual funds 1050K
CD's, Ibonds and small amt of cash- 1800K
How are we doing