Hey guys,
I had a stroke about 10 years ago so I retried SSDI in 2009. Wife is a Nurse and is 55 years old. She would like to retire later this year.
Bottom line is we have hardly no debt (about $80k) and all debt can be paid off if needed at wife's retirement. Home is our main asset and is paid off and will use the equity to live off of later in life if we need to. Screw the kids This hopefully will lesson our need for a high income post retirement.
Also...we have an apartment in Key Largo that we will use for income. My parents live there now but will probably generate about 1800/month currently.
Anyway...like most we want to travel some and live OK. Probably will like to pull out about $2500 per month out of around $500K in stock/bond funds to start off and will need less about 7 years from now when my wife claims some SS income.
Anyway.....that's our plan and we will see how it goes. I have loads to learn (draw down advice, post retirement investment advice, etc..) and look fwd to kicking it around with you guys.
I had a stroke about 10 years ago so I retried SSDI in 2009. Wife is a Nurse and is 55 years old. She would like to retire later this year.
Bottom line is we have hardly no debt (about $80k) and all debt can be paid off if needed at wife's retirement. Home is our main asset and is paid off and will use the equity to live off of later in life if we need to. Screw the kids This hopefully will lesson our need for a high income post retirement.
Also...we have an apartment in Key Largo that we will use for income. My parents live there now but will probably generate about 1800/month currently.
Anyway...like most we want to travel some and live OK. Probably will like to pull out about $2500 per month out of around $500K in stock/bond funds to start off and will need less about 7 years from now when my wife claims some SS income.
Anyway.....that's our plan and we will see how it goes. I have loads to learn (draw down advice, post retirement investment advice, etc..) and look fwd to kicking it around with you guys.