Ubuntu
Confused about dryer sheets
- Joined
- Apr 2, 2011
- Messages
- 6
Hi, I am Jeff. I just got laid off of my job last week. I have been in the software development, maintenance and life-cycle support business almost continuously since I graduated college from Penn State in 1974.
Anyway, I have been lurking here for a few days, looking at the posts about when to take SS, and learning terms like FireCalc, SWR, and DW. I am single, by the way. My Dad passed away recently and I should be inheriting about $350K from the family trust (that probably won't happen for 6 or 8 more months, though). Right now, I have a $600K portfolio (after the inheritance, I'm saying the portfolio would be $950K), invested moderately aggressively, $55K in cash and a $68K 401K from my former employer. I turned 59 in March, 2011. My only significant debt is a $68K home equity line of credit at prime-1/2 (currently 2.25%) .
I'll have to check with some local realtors, but the townhouse I live in should be worth about $250K or so... I'd like to sell it and move to a clothing optional community in Florida!
Judging from the advice I've seen here, I would take SS at 62 ($1695/mo) and I can also choose to begin receiving a pension from my first employer, which at 60 years old would be $7759/yr and it goes up by $665 for each year I delay, so at 62 it would be worth $9089/yr.
How am I doing so far?
Jeff
Anyway, I have been lurking here for a few days, looking at the posts about when to take SS, and learning terms like FireCalc, SWR, and DW. I am single, by the way. My Dad passed away recently and I should be inheriting about $350K from the family trust (that probably won't happen for 6 or 8 more months, though). Right now, I have a $600K portfolio (after the inheritance, I'm saying the portfolio would be $950K), invested moderately aggressively, $55K in cash and a $68K 401K from my former employer. I turned 59 in March, 2011. My only significant debt is a $68K home equity line of credit at prime-1/2 (currently 2.25%) .
I'll have to check with some local realtors, but the townhouse I live in should be worth about $250K or so... I'd like to sell it and move to a clothing optional community in Florida!
Judging from the advice I've seen here, I would take SS at 62 ($1695/mo) and I can also choose to begin receiving a pension from my first employer, which at 60 years old would be $7759/yr and it goes up by $665 for each year I delay, so at 62 it would be worth $9089/yr.
How am I doing so far?
Jeff