Introduction

Nerhar

Confused about dryer sheets
Joined
Apr 21, 2025
Messages
4
Location
kolkata , india
Hi my name is Nero and I am 68 years old. I live with my wife in a smaller town and even though we are empty nesters we still support our youngest son who is still going to college and should graduate in a year or two. I am still working as a Consulting Director for 75% trying to do what I enjoy for the other 25%.
Frankly I thought I could continue to work for another couple of years but am realizing that it is time for me to retire. Even though I still add value to my company there comes a time when you have to leave it to the youngsters. Needless to say that retirement maybe as early as next year and I am not prepared. Financially I have about 300 k in cash, 350k in a taxable account in stocks and about 2.2 mm in retirement account w 100k in a Roth. Our house is paid for and I have another condo worth about 200k which we rent out on a monthly basis for 2k a month. My company is a ESOP company and I should get a stock for about 500 k. The 2.2 mm rollover Ira is mostly in dividend and growth stocks w very little in bonds. I had a financial advisor at MS for five years when I realized that I was wasting my money in fees and now I do all my investments myself with guidance from another acquaintance who has been key in the current strategy.

The biggest thing I worry about is not being prepared for retirement.. I fear that I need to stay engaged , do charitable work.. help kids and grandkids …I have 4 kids in all 3 doing well and 7 grandkids. I have not thought thru long term health insurance, downsizing. Etc etc. any thoughts you all may have in this area along with the way my funds are invested would be greatly appreciated!!
 
Had to look it up. I'm embarrassed that I didn't know about the name change from Calcutta. Welcome!
Do they play pickleball in India? Finding something to retire to is important. I think you are on the right track with charity and family.
 
Greetings, welcome aboard. Most of us will lack a proper reference for what health care and Long Term Health Care (LTHC) that are available to you there.
How spread out are your children? That would help decide where to downsize to, the location would be important. Our LTHC plans include care in the home and we have enough room for a live-in caregiver.
 
Welcome Nero. I'm sure you will find plenty to do in retirement to remain engaged. Family alone will take up a lot of time - especially with grandchildren.

So glad you have determined to do your own investing without the cost of a "professional."

Please feel free to participate often. You are the first person I have "met" from Kolkata.
 
Welcome, Nero. My advice is Retire as soon as you can and enjoy spending more time with your grandkids (hopefully they are nearby). It is the most fulfilling part of our retirement and takes up a fair amount of our time. You will figure out the rest! Cheers.
 
We don’t know your COL, but your finances look good on the surface. We don’t know your breakdown of dividend stocks to growth in the IRA; some fine tuning in the allocation may be involved. I’d say most on this site would go more growth (much more), but again it depends on your needs and risk tolerance. Plus you have extras like the ESOP stock (could you cash it in and invest yourself, or do you trust the company and the stock value?). Godspeed!
 
Welcome to the forum. New guy here as well. Having the grandchildren arrive made my decision to retire much easier. Retirement was the best decision and we love being with the grandchildren 4 days per week. They go non-stop and sure do help us fall to sleep early.
 
Had to look it up. I'm embarrassed that I didn't know about the name change from Calcutta. Welcome!
Do they play pickleball in India? Finding something to retire to is important. I think you are on the right track with charity and family.
They definitely have Pickleball in India. Their #1 player just joined the APP tour.
 
Does India have some version of Medicare for your health insurance?
As others have stated, spend some good time with your grandkids.
 
Stay engaged and do charitable work. If you are without debt, you can afford to retire. But are you mentally prepared to retire? Sometimes that's the question.

Kilgore
 
Appreciate the feedback...even though i only spend 75% of my time working i still find that i add value and something i have enjoyed throughout my career. however i have to mentally prepare myself to retire and find other things to feel engaged and challenged.
 
Appreciate the feedback...even though i only spend 75% of my time working i still find that i add value and something i have enjoyed throughout my career. however i have to mentally prepare myself to retire and find other things to feel engaged and challenged.
"Takin' care of business. I love to w*rk at nothin' all day!"
 
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