I ride out the gate of our townhouse on my recumbent bike and have a nice hour or so spin on paved trails through the swamp and forest. There's wild pigs, deer, snakes, alligators.
Dear wife and I married two years ago, and she paid off the $240 K townhouse. She loves watching those snakes; you could say we're snakers, not birders. She's 58 and retired. We have no kids. No debts. We are staying here in Houston to help with her sick parents, but may move to San Antonio or try to find some other place with some desert or surfing, and not too expensive. I'm 57 and hope to be retired some day.
My wife is scared of the bad things that could happen to medical care, the stock market, etc, and wants me to keep w*rking until 60.
I'm hoping to have time to try all those things that don't quite fit into my very busy life right now. It's getting tougher to get myself into the office. I don't enjoy the w*rk too much and never did.
I have 1.86 MM$ (55% stock / 45% bonds)
She has 1.29 MM$ (100% cash)
Total is 3.15 MM$ (32% stock/28% bonds/40% cash)
We have really different investment styles, and have trouble agreeing on an asset allocation. She lost a several hundred thousand in the stock market in 2000, and distrusts anything except for cash and CDs. She wants to sell all the stock within 10 years. I've been luckier, and am more concerned with inflation, and want to have more in stock.
Pensions
DW is receiving $624/mo, or $7488 / year.
I will get $1421/mo, or $17052 / year at age 65 in 2019.
Social Security
DW $1421/Mo, $17052/Yr, @ age 62, 2016
I $1901/Mo, $22812/Yr, @ age 62, 2017
Medical
DW has retiree medical
I have no retiree medical. It will be Obamacare.
Expenses - Since I read "Your Money of Your Life", an eye opening book, I've been tracking my personal expenses for 18 years - the past 10 years, they average $4,500 a month. For the two years since we've been married, our expenses have been $5,000 a month, including several vacations a year and plenty of eating out. We don't know what medical care will cost. I anticipate spending more on hobbies and activities, but not sure how much. We are both pretty frugal and used to squeezing those dollars to death.
I've run through about every calculator, Firecalc, Esplanner, Fidelity RIP with the current asset allocation. Everything says that together we should be able to spend gross $10,000 or more a month.
We had Vanguard to a financial plan last week, setting aside $220,000 in cash in DW's accounts for living expenses, and the rest 50/50 stocks/bonds. Vanguard said $10,800 after tax would be a 99% success.
However, if I spend from only my assets, and tell her to keep hers in the piggy bank, we're cutting it close, unless I w*rk a few more years.
She'll says she'll go along with me if I retire before 60, and we'll both start spending money, but I know she would like me to work until 60.
Since I'm at the office still, I'm going to get myself engaged in the work to occupy my attention. Time goes faster that way.
I better do it. Thanks for reading. I'm enjoying reading your posts!
Dear wife and I married two years ago, and she paid off the $240 K townhouse. She loves watching those snakes; you could say we're snakers, not birders. She's 58 and retired. We have no kids. No debts. We are staying here in Houston to help with her sick parents, but may move to San Antonio or try to find some other place with some desert or surfing, and not too expensive. I'm 57 and hope to be retired some day.
My wife is scared of the bad things that could happen to medical care, the stock market, etc, and wants me to keep w*rking until 60.
I'm hoping to have time to try all those things that don't quite fit into my very busy life right now. It's getting tougher to get myself into the office. I don't enjoy the w*rk too much and never did.
I have 1.86 MM$ (55% stock / 45% bonds)
She has 1.29 MM$ (100% cash)
Total is 3.15 MM$ (32% stock/28% bonds/40% cash)
We have really different investment styles, and have trouble agreeing on an asset allocation. She lost a several hundred thousand in the stock market in 2000, and distrusts anything except for cash and CDs. She wants to sell all the stock within 10 years. I've been luckier, and am more concerned with inflation, and want to have more in stock.
Pensions
DW is receiving $624/mo, or $7488 / year.
I will get $1421/mo, or $17052 / year at age 65 in 2019.
Social Security
DW $1421/Mo, $17052/Yr, @ age 62, 2016
I $1901/Mo, $22812/Yr, @ age 62, 2017
Medical
DW has retiree medical
I have no retiree medical. It will be Obamacare.
Expenses - Since I read "Your Money of Your Life", an eye opening book, I've been tracking my personal expenses for 18 years - the past 10 years, they average $4,500 a month. For the two years since we've been married, our expenses have been $5,000 a month, including several vacations a year and plenty of eating out. We don't know what medical care will cost. I anticipate spending more on hobbies and activities, but not sure how much. We are both pretty frugal and used to squeezing those dollars to death.
I've run through about every calculator, Firecalc, Esplanner, Fidelity RIP with the current asset allocation. Everything says that together we should be able to spend gross $10,000 or more a month.
We had Vanguard to a financial plan last week, setting aside $220,000 in cash in DW's accounts for living expenses, and the rest 50/50 stocks/bonds. Vanguard said $10,800 after tax would be a 99% success.
However, if I spend from only my assets, and tell her to keep hers in the piggy bank, we're cutting it close, unless I w*rk a few more years.
She'll says she'll go along with me if I retire before 60, and we'll both start spending money, but I know she would like me to work until 60.
Since I'm at the office still, I'm going to get myself engaged in the work to occupy my attention. Time goes faster that way.
I better do it. Thanks for reading. I'm enjoying reading your posts!