OINC
Dryer sheet wannabe
I am 45 and my wife is 49. I have lurked here for years and actually posted on this thread a few years back. Now that we are 10 years out from our planned retirement date, I know I have to get more serious on issues like social security strategy, withdrawal strategies, and healthcare options. We have about $900,000 saved so far mostly in tax deferred accounts. We have no kids and both have solid jobs and can save about $100,000 per year. Right now, we are focused on paying off our mortgage (our last debt ) which will completed by late 2014. Our biggest concern is bridging the gap between retirement and the start of Medicare and social security. Not sure how much to budget for medical insurance , travel, and expenses in retirement. I have a good handle now on our costs, but no clue about retirement costs. We really want to travel and are considering living abroad for a few months at a time too. Mainly I just want to get more involved with the group here and their wealth of information and experience.