First I would like to thank all the posters on the forum who have made this retirement day possible. I've been mostly reading and not posting much for the last 3 years. The information gained here is invaluable.
It's official Friday is my last day at work. I'm 57 and DW 56. We have just moved from NY to Fla. and I'm just in NY finishing up work till Friday.
DW and I have about 1.4M and everything is paid for. Also have a whole life policy which I will soon cash in for about 135K. Of the 1.4M 1M is taxable and .4 is tax advantaged. DW has a small 8K pension that's 1/2 cola, as for health ins. I'm covered under DW's plan which we pay 10% of the total bill which is about $120 a month.
So what do you guys think do I have a good shot at retirement?
It's official Friday is my last day at work. I'm 57 and DW 56. We have just moved from NY to Fla. and I'm just in NY finishing up work till Friday.
DW and I have about 1.4M and everything is paid for. Also have a whole life policy which I will soon cash in for about 135K. Of the 1.4M 1M is taxable and .4 is tax advantaged. DW has a small 8K pension that's 1/2 cola, as for health ins. I'm covered under DW's plan which we pay 10% of the total bill which is about $120 a month.
So what do you guys think do I have a good shot at retirement?