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Recycles dryer sheets
- Joined
- Nov 14, 2009
- Messages
- 161
My goal has always been to to be able to retire at 55. I hit this mark in September and I feel confident in being able to go. DW retired in July and I am more than ready to join her. I must say this forum and the folks here have provided an excellent education in regards to the DIY approach to handling our retirement funds. Initially I was convinced that I would need an FA and a high percentage of my friends I work with have gone that route. At some point i realized I have been managing my 401k and savings and have done okay to this point. So here is our plan, i won't lay out our expenses in detail but with what we will have coming in everything is very easily covered and we have sufficient savings for any sizable expenses that may arise. Also our medical coverage is through CalPers and is very reasonable. I am planning on pulling the pin on March 29th, 2019 Here is our plan-
Age 55-60
Wife’s pension- 1600 month
My pension- 1900 month (No COLA for either)
Interest from CDs-800 month=
4300 month/51600 yearly
Savings to supplement as/if needed
401K into Vanguard IRA- 1.7m- 60/20/20 total market/international market/total bond
Age 60-?
Begin draw down of 401K if needed or to reduce tax liability (need to educate myself here)
SS-62-67 when needed
It actually seems almost too simple now that the time is here and that is one of the reasons i would welcome any feedback!! Thank you.
Age 55-60
Wife’s pension- 1600 month
My pension- 1900 month (No COLA for either)
Interest from CDs-800 month=
4300 month/51600 yearly
Savings to supplement as/if needed
401K into Vanguard IRA- 1.7m- 60/20/20 total market/international market/total bond
Age 60-?
Begin draw down of 401K if needed or to reduce tax liability (need to educate myself here)
SS-62-67 when needed
It actually seems almost too simple now that the time is here and that is one of the reasons i would welcome any feedback!! Thank you.