OK...DH is retiring next spring; I will as well, possibly work one more year.
DH will be 58; I will be 55 or 56.
Currently make about $135K/yr combined.
$90K/year guranteed retirement income combined for 2 of us.
No debt at all.
$300K+ or so in savings.
SS--well, not worried about that for a few years...
We live in a moderately sized Midwest town. We hope to move to the SW in the next several years--my arthritis will thank me. Planning on a similar COL.
Currently we still cover 3 children: car insurance, health insurance & phones. (mostly due to COVID; DS25 moved to CA in January...he is working but CA COL is killing him). We plan to have that $1K/mo. total gone by the time we retire.
The financial guy we spoke with (just an introductory visit) said because we are both teachers we are in good shape due to our excellent retirement plan where we live.
I see $1M in bank to retire. Obviously we don't have that much, but we do have our guaranteed retirement income. We love to travel & don't want to give that up. We have done Vegas 2-4x/yr for near 30 years & cruise at least annually.
DH will be 58; I will be 55 or 56.
Currently make about $135K/yr combined.
$90K/year guranteed retirement income combined for 2 of us.
No debt at all.
$300K+ or so in savings.
SS--well, not worried about that for a few years...
We live in a moderately sized Midwest town. We hope to move to the SW in the next several years--my arthritis will thank me. Planning on a similar COL.
Currently we still cover 3 children: car insurance, health insurance & phones. (mostly due to COVID; DS25 moved to CA in January...he is working but CA COL is killing him). We plan to have that $1K/mo. total gone by the time we retire.
The financial guy we spoke with (just an introductory visit) said because we are both teachers we are in good shape due to our excellent retirement plan where we live.
I see $1M in bank to retire. Obviously we don't have that much, but we do have our guaranteed retirement income. We love to travel & don't want to give that up. We have done Vegas 2-4x/yr for near 30 years & cruise at least annually.