Mountain skier
Recycles dryer sheets
- Joined
- Dec 26, 2018
- Messages
- 129
Hello. I have learned so much in this forum. Thank you for your contributions to my financial education. I would like to seek your opinions about retiring now. My wife and I are 58. She retired in the autumn.
Finances: approx $930,000 total...including:
Sep-ira: $270,000
Roth's: $70,000
HSA's: $11,000
Taxable liquid: $570,000
AA: 55% cash CD's; 45% index stocks
pensions: $30,000/yr- no COLA
SS- wife at 62: $15,000, me at 67: $26,500
house paid for- no debts
kids on their own now
Yearly expenses: $55-60K including health ins premiums thru ACA ( that is the goal)- this figure includes vacations expenses too
I will draw down savings next 3 yrs: $30k/yr ages 59-61; then $15k/yr from ages 62-66. When my SS starts at age 67 we might not need to use our savings nearly as much.
By the way just bought new HVAC system.
Am I safe to retire?- your opinions are greatly appreciated. Thanks
Finances: approx $930,000 total...including:
Sep-ira: $270,000
Roth's: $70,000
HSA's: $11,000
Taxable liquid: $570,000
AA: 55% cash CD's; 45% index stocks
pensions: $30,000/yr- no COLA
SS- wife at 62: $15,000, me at 67: $26,500
house paid for- no debts
kids on their own now
Yearly expenses: $55-60K including health ins premiums thru ACA ( that is the goal)- this figure includes vacations expenses too
I will draw down savings next 3 yrs: $30k/yr ages 59-61; then $15k/yr from ages 62-66. When my SS starts at age 67 we might not need to use our savings nearly as much.
By the way just bought new HVAC system.
Am I safe to retire?- your opinions are greatly appreciated. Thanks