Semi-Retyrd
Confused about dryer sheets
- Joined
- Feb 8, 2008
- Messages
- 3
Hi All,
This is my first post after randomly finding this forum a few weeks ago and joining more recently.
My handle says it all in that while I have left the working-for-a-big-company life this January, I intend to work for myself (maybe in real estate, for sure in managing my portfolio of assets) for the forseeable future.
I'll be 59 1/2 near the end of this year, so I'll have access to my IRA if needed.
With no debt, no house payments (~$300K of home equity) and approx $950K in the IRA and $850K in a taxable account, I feel ok about the future. My plan is to keep this portfolio in approximately 60/40 equity/fixed income investments diversified 50/50 between domestic and foreign equities and for the moment overweight in large caps due to the long run of small-cap outperformance.
I expect to start converting the IRA into a Roth IRA in 2010 in partial steps to limit my income to the top end of the 15% bracket each year while I draw down my taxable account at a rate of $5K/mo until social security kicks in. I may take social security at 62 based on the expectation that I can achieve a greater return in my portfolio than the payment increase from taking it later.
My only issue now is that my wife is uncomfortable with the uncertainty of not having a regular paycheck.
I'm curious about how other members deal with the concerns of their better halfs when they take the big leap into retirement.
Regards, Dennis
This is my first post after randomly finding this forum a few weeks ago and joining more recently.
My handle says it all in that while I have left the working-for-a-big-company life this January, I intend to work for myself (maybe in real estate, for sure in managing my portfolio of assets) for the forseeable future.
I'll be 59 1/2 near the end of this year, so I'll have access to my IRA if needed.
With no debt, no house payments (~$300K of home equity) and approx $950K in the IRA and $850K in a taxable account, I feel ok about the future. My plan is to keep this portfolio in approximately 60/40 equity/fixed income investments diversified 50/50 between domestic and foreign equities and for the moment overweight in large caps due to the long run of small-cap outperformance.
I expect to start converting the IRA into a Roth IRA in 2010 in partial steps to limit my income to the top end of the 15% bracket each year while I draw down my taxable account at a rate of $5K/mo until social security kicks in. I may take social security at 62 based on the expectation that I can achieve a greater return in my portfolio than the payment increase from taking it later.
My only issue now is that my wife is uncomfortable with the uncertainty of not having a regular paycheck.
I'm curious about how other members deal with the concerns of their better halfs when they take the big leap into retirement.
Regards, Dennis