tominboise
Recycles dryer sheets
I have decided to go in July, 2020. I will be 60 (DW will be 58 and may or may not be working - she is currently employed as a programmer by IBM but may not be by that time). Anyway, I have had a (mental) target of $3mil in taxable & non taxable assets (IRA, 401k, Savings/brokerage). We have been bouncing around at $2.950mil for the last couple of months, so presuming that the economy doesn't completely tank between now and then, I think we will make it to that threshold. Assets are invested at 60%/32%/8% and the split between taxable and tax exempt is 35% taxable and 65% tax exempt (meaning 35% of our money is in post tax accounts and the rest is in IRA401K).
We also have around $1mil of value in our primary house, a nice cabin and some bare land. We have no debt. I have always used $120k annually as our spending rate. Our budget information would show we spend somewhat less then that.
Things that have me worried - cost of health care insurance.
We would probably start SS for DW at 62 and me at 70. I could go consulting after retirement if needed but don't really want to if I don't have to. Although maybe three months a year to pay the healthcare for the year. Then you aren't really retired, however.
Should I count down the remaining 330 days or make it 695 days?
Probably a stupid question.
We also have around $1mil of value in our primary house, a nice cabin and some bare land. We have no debt. I have always used $120k annually as our spending rate. Our budget information would show we spend somewhat less then that.
Things that have me worried - cost of health care insurance.
We would probably start SS for DW at 62 and me at 70. I could go consulting after retirement if needed but don't really want to if I don't have to. Although maybe three months a year to pay the healthcare for the year. Then you aren't really retired, however.
Should I count down the remaining 330 days or make it 695 days?
Probably a stupid question.