Hi All,
I am a new member here and excited to learn from the great people and posts.
I am 52 and my wife is 50. We have two kids (one in college and the other in high school). I have been a lifelong investor albeit a boring one (index funds primarily).
My goal is to retire at the beginning of January, 2021. I am currently employed but planning to wind that down by end of year.
Our current portfolio total is approximately $3M:
Taxable Account - $1.68M ($1.44M Index Funds / $$240K cash money market)
IRA/401(k) - $1.340M
Being that our kids education are fully funded by our 529 plans, we are no longer contributing to them.
While the calculators that I have run all state that we are good to generate $7K a month of income for the next 40 years, I remain anxious to pull the plug. I just have a fear of the unknown and struggling to get over it. Although I am ready to leave my 60+ hours a week corporate life, it makes me nervous to think of not having an ongoing bi-weekly paycheck.
I appreciate any guidance, comments, feedback, etc. Looking forward to sharing and learning!
I am a new member here and excited to learn from the great people and posts.
I am 52 and my wife is 50. We have two kids (one in college and the other in high school). I have been a lifelong investor albeit a boring one (index funds primarily).
My goal is to retire at the beginning of January, 2021. I am currently employed but planning to wind that down by end of year.
Our current portfolio total is approximately $3M:
Taxable Account - $1.68M ($1.44M Index Funds / $$240K cash money market)
IRA/401(k) - $1.340M
Being that our kids education are fully funded by our 529 plans, we are no longer contributing to them.
While the calculators that I have run all state that we are good to generate $7K a month of income for the next 40 years, I remain anxious to pull the plug. I just have a fear of the unknown and struggling to get over it. Although I am ready to leave my 60+ hours a week corporate life, it makes me nervous to think of not having an ongoing bi-weekly paycheck.
I appreciate any guidance, comments, feedback, etc. Looking forward to sharing and learning!