I would like some direction from those already retired well before SS kicks in.
I will be shutting down my business (Oilfield Equipment Supplier) in the 1st quarter of 2016 due to the lack of business. This sector of manufacturing will likely not get busy again for several years. I will be 60 yrs in A few months and would like to plan the best way to fund retirement for the DW (53yrs)and I. 50% of our assets are in Vanguard Balanced Funds and Target Date 2025, we have 400k in an annuity and the rest in cash (2 mil).
The question is whether I should Trigger the annuity for regular monthly income now or wait.
The other question is: Would you recommend putting the 2 mil in a Vanguard Muni Fund, or the Vanguard Corporate Bond fund that is taxable. And finally, how does any of this affect my ACA Insurance premiums?
Neither of us have a pension, just SS at age 66,
Any direction or advice is appreciated.
Sent from my iPad using Early Retirement Forum
I will be shutting down my business (Oilfield Equipment Supplier) in the 1st quarter of 2016 due to the lack of business. This sector of manufacturing will likely not get busy again for several years. I will be 60 yrs in A few months and would like to plan the best way to fund retirement for the DW (53yrs)and I. 50% of our assets are in Vanguard Balanced Funds and Target Date 2025, we have 400k in an annuity and the rest in cash (2 mil).
The question is whether I should Trigger the annuity for regular monthly income now or wait.
The other question is: Would you recommend putting the 2 mil in a Vanguard Muni Fund, or the Vanguard Corporate Bond fund that is taxable. And finally, how does any of this affect my ACA Insurance premiums?
Neither of us have a pension, just SS at age 66,
Any direction or advice is appreciated.
Sent from my iPad using Early Retirement Forum