gabrewer
Dryer sheet aficionado
Hello all; glad to be on board.
My wife and I are age 52 (53 in another week or so actually). I've been a dedicated saver all my life, and at one time -- pre-tech bubble -- I actually envisioned retiring at age 50. Well, we all know what happen to those dreams! Anyhow, we're doing okay. We have about $700K put aside. Most of it, probably better than two-thirds, is in employer retirement accounts. Our asset allocation is about 80% stock/20% fixed income. My wife is one of those rare fortunate ones that will receive an honest to goodness pension, in addition to a 403B she contributes to her self. I currently contribute to Simple IRA at work. We both receive some matching funds. We have about 7-8 years left on the mortgage, but staying in our current home is not a definite (although we could easily do that). Our biggest issues, as I see it, are paying for health insurance before eligibility for Medicare and paying for LTC coverage. We purchased LTC policies a couple of years back. They are pretty much top of the line policies, and given that we don't have kids to be a burden too they are pretty much a necessity. But they are fairly expensive -- about $5K a year for the both of us.
I look forward to exploring various issues in this forum and welcome any immediate feedback anyone might have on my introductory overview.
Best to all.
My wife and I are age 52 (53 in another week or so actually). I've been a dedicated saver all my life, and at one time -- pre-tech bubble -- I actually envisioned retiring at age 50. Well, we all know what happen to those dreams! Anyhow, we're doing okay. We have about $700K put aside. Most of it, probably better than two-thirds, is in employer retirement accounts. Our asset allocation is about 80% stock/20% fixed income. My wife is one of those rare fortunate ones that will receive an honest to goodness pension, in addition to a 403B she contributes to her self. I currently contribute to Simple IRA at work. We both receive some matching funds. We have about 7-8 years left on the mortgage, but staying in our current home is not a definite (although we could easily do that). Our biggest issues, as I see it, are paying for health insurance before eligibility for Medicare and paying for LTC coverage. We purchased LTC policies a couple of years back. They are pretty much top of the line policies, and given that we don't have kids to be a burden too they are pretty much a necessity. But they are fairly expensive -- about $5K a year for the both of us.
I look forward to exploring various issues in this forum and welcome any immediate feedback anyone might have on my introductory overview.
Best to all.