DINKFIRE
Recycles dryer sheets
We are DINK in our early 40s and have been planning to retire in the next 6-7 months. Facing a long retirement, it is hard to determine if we are well prepared financially, even with all the calculations suggest we are beyond ready. So I'd like to get some prospective from those who had retired in their 40s. The criteria is that you retired in your 40s with no kids, without a defined-benefit pension or trust fund (or wealthy family money), and has been retired for at least 15 years without relying on any active work (W-2 and/or 1099s) to provide for more than 20% of your retirement expenses. For those of you fit the descriptions above, my questions are:
1. How many times of your pre-retirement annual expenses you'd saved upon your retirement (excluding your primary home)? What tax rate you used to calculate the gross-up amount?
2. Did your post-retirement expenses increase/decrease from your pre-retirement expenses? if so, by what percentage?
3. How much increase did you experience with your health care cost annually (on average)?
4. What is your asset allocation in cash/bond/stock/real estates/other excluding your primary home?
Thank you all in advance for your input!
1. How many times of your pre-retirement annual expenses you'd saved upon your retirement (excluding your primary home)? What tax rate you used to calculate the gross-up amount?
2. Did your post-retirement expenses increase/decrease from your pre-retirement expenses? if so, by what percentage?
3. How much increase did you experience with your health care cost annually (on average)?
4. What is your asset allocation in cash/bond/stock/real estates/other excluding your primary home?
Thank you all in advance for your input!