Recent content by topdawg4ever

Preliminary numbers indicate as low as $37k per year.

Really appreciate all the responses. For summary: $700k In Stocks and Bonds $1.6m in IRA tax deffered $730k in 401k tax deferred $1.3m in tax deferred. So.....I am assuming I will get nailed with taxes, as most my $$ is sitting in tax deferred accounts?

So as I prepare for my retirement, I am starting to dive into Firecalc. Firecalc has no clear way to include taxable income, so I assume my spending value must include taxes?

I really appreciate all the detailed responses. Being almost 58, and my DW almost 55 and being comfortable at this point in retiring, I think my fear is always going to be ruining out of money and leaving my family stuck. Now, that being said, I still have a $1m term that expires in 2032 (I'd...

My wife views this as we are forfeiting $920k. Keeping in mind the policy is void once I hit 75 in 18 years.

57 years old

Not looking to get flamed here, just looking for some advice. I have had a $1m Universal Life Policy for the last 15+ years. Got it when the kids were young. Kids are grown and gone. My DW and Kids don’t need the insurance if I die, it’s only a luxury at that point. A nice thing when I do...

Firecalc is great. When I run the simulations, I always look at the "lowest" outcome vs average. That's my worrying side of me. But, I assume the "average" makes sense to utilize, as long as I maintain the things I can control, specifically my budget. Thoughts?

Also remember I have to pay taxes.

Social Security is $36k Annuity 62 or even before without a major impact.

Thanks everyone. Not trying to be naive, but I realize I’m fortunate to have accumulated what I have over the years. And while I run all the Firecalc simulations, I guess I still worry about having enough.

Hello all! 57 year old male, looking to retire next year. Currently have no debt. Just paid off $750k house last year. Assets Look like this: Annuity Value $800k, yearly payments projected to be $37k 401k $670k Employee Incentive Program: $230k IRA: $1.5m Investments $800k Our yearly expenses...

How’s taxes work at $130k a year?

Edited my post. Appreciate your info.

Hello all!! I'm John. I'll turn 56 in September. Sitting with the following: Married Grown Children 25 & 27 Taxable: $2,500,000 Non Taxable:$1,700,000 House: $450,000 Life insurance policies Zero Debt No Pension I will get SS Wife, no SS Really in a good position at work, with what I am...