Out of Steam
Thinks s/he gets paid by the post
- Joined
- Mar 14, 2017
- Messages
- 1,669
We are 18 months to two years out from retirement day, and feel pretty good about our planned retirement with a pension and (nearly all) pre-tax retirement accounts.
I see one problem that we've started on fixing, that we have only a couple of months of expenses in after-tax accounts. I'm thinking that we should have double or triple that on retirement day, which we can probably get to without cutting our pre-tax savings rate.
While we both plan to do some work, my wife on her current job, even this higher amount seems low. As I will be past 59 1/2 by then, should I be planning for a transition withdrawal from retirement savings?
I see one problem that we've started on fixing, that we have only a couple of months of expenses in after-tax accounts. I'm thinking that we should have double or triple that on retirement day, which we can probably get to without cutting our pre-tax savings rate.
While we both plan to do some work, my wife on her current job, even this higher amount seems low. As I will be past 59 1/2 by then, should I be planning for a transition withdrawal from retirement savings?