AFRETIREEY2K
Confused about dryer sheets
- Joined
- Aug 15, 2017
- Messages
- 4
I've been a member of this fabulous site since 2017 and finally decided it's about time for an introduction!
Personal Info
I'm a retired Air Force Veteran of 20 years (retired in 2000). Happily married to my DW of 26 years with a special needs daughter and a working age son living at home.
Currently residing in the Washington DC/Metro area for the last 30+ years.
Only debt is our current home and an investment property. Tentative plan is to retire in the next year or two, but I feel this not set in stone as "we" may decide to retire sooner than planned.
Ages: Me: 58 - Her: 57
The Financial Details
Both of us are currently working and bring in a combined income of about 368k
Combined retirement and investments of 2.5m invested in between Fidelity, Vanguard, and the TSP. Additional investments in Brokerage accounts and Savings Bonds as an income source in the event we need a bridge until if we decide to retire before 59.5 years of age.
Cash savings in the range of about 110k
Pensions
Me: Military Retirement & VA Disability (currently getting) - 47k
Her: Federal Retirement (expected amount) - 66k
Healthcare
Will be covered under FEHB. Currently paying into LTCI and hope to keep this upon retirement through my current employee.
Debts
Only debts is 322k on recently refinanced home (2.75%) and balance of monthly payments on a rental home (123k). No other debts.
Expenses
Current expenses are about 70k annually and expect this to decrease in retirement due to offloading our current home and the rental home. Anticipate other day-to-day expenses to decrease such as food, gas, and clothing expenses from not having to w*rk.
After Retirement Plans
Travel and hit the casinos (we like playing the slot machines). Spend more time with extended family, learn new things, and finally get in better shape. Do all the things that we have not been able to do. Do whatever the funk we want to! Lol
Final Thoughts
Although neither one of us are in a stressful working situation, we have both been plugging away and planning for that final retirement day for a long time. We've basically learned to develop a healthy relationship with money and just made the decision to "pay ourselves first" and lived below our means. We both invested the max and made it automatic. Neither of us came from wealth and we have been truly blessed to have met the each other and be on the same team because “Teamwork makes the Dreamwork!”
I'm studying up on decumulation, Roth conversions, better tax strategies, and other things that I feel I need to know about, so now that I've broken the ice, I expect that you'll see additional posts/questions from me.
Thank you so much for taking the time to read this post and I'm lucky to have found such a great team of folks. The pleasure is all mine.
Go Team Q!
Personal Info
I'm a retired Air Force Veteran of 20 years (retired in 2000). Happily married to my DW of 26 years with a special needs daughter and a working age son living at home.
Currently residing in the Washington DC/Metro area for the last 30+ years.
Only debt is our current home and an investment property. Tentative plan is to retire in the next year or two, but I feel this not set in stone as "we" may decide to retire sooner than planned.
Ages: Me: 58 - Her: 57
The Financial Details
Both of us are currently working and bring in a combined income of about 368k
Combined retirement and investments of 2.5m invested in between Fidelity, Vanguard, and the TSP. Additional investments in Brokerage accounts and Savings Bonds as an income source in the event we need a bridge until if we decide to retire before 59.5 years of age.
Cash savings in the range of about 110k
Pensions
Me: Military Retirement & VA Disability (currently getting) - 47k
Her: Federal Retirement (expected amount) - 66k
Healthcare
Will be covered under FEHB. Currently paying into LTCI and hope to keep this upon retirement through my current employee.
Debts
Only debts is 322k on recently refinanced home (2.75%) and balance of monthly payments on a rental home (123k). No other debts.
Expenses
Current expenses are about 70k annually and expect this to decrease in retirement due to offloading our current home and the rental home. Anticipate other day-to-day expenses to decrease such as food, gas, and clothing expenses from not having to w*rk.
After Retirement Plans
Travel and hit the casinos (we like playing the slot machines). Spend more time with extended family, learn new things, and finally get in better shape. Do all the things that we have not been able to do. Do whatever the funk we want to! Lol
Final Thoughts
Although neither one of us are in a stressful working situation, we have both been plugging away and planning for that final retirement day for a long time. We've basically learned to develop a healthy relationship with money and just made the decision to "pay ourselves first" and lived below our means. We both invested the max and made it automatic. Neither of us came from wealth and we have been truly blessed to have met the each other and be on the same team because “Teamwork makes the Dreamwork!”
I'm studying up on decumulation, Roth conversions, better tax strategies, and other things that I feel I need to know about, so now that I've broken the ice, I expect that you'll see additional posts/questions from me.
Thank you so much for taking the time to read this post and I'm lucky to have found such a great team of folks. The pleasure is all mine.
Go Team Q!
