Hi! Pretty new to this forum and finding a ton of great info, looking for more guidance. DW and I in very similar circumstance; 56 YO teachers with 34 years in. I am planning to retire this June, DW teaching at least another year possibly longer. I've run numbers thru multiple calcs and esp. FIREcalc and I almost can't believe the results, 100% positive! That is with both $80 or $100k in expenses. I consider myself average or less when it comes to financial knowledge so I'm considering seeing a FA but wanted to get more info here first. 2 kids already thru college, 3rd going in fall (mostly covered by 529 and scholarships) Mortgage PYMT - $1400 (8 more yrs)
Current annual household income - $142K
Details:2 pensions totaling - $72800
$150K in TSA, other accounts
SS@66.8 (10 years out) = $52300
We will both receive $192K from DROP when we retire which I will roll over to a IRA of some sort and that is where I need some guidance. I am OK with moderate risk and would consider our pensions as the "safe/bond" position in our mix. Any ideas, questions or comments are welcome! Thanks!
Current annual household income - $142K
Details:2 pensions totaling - $72800
$150K in TSA, other accounts
SS@66.8 (10 years out) = $52300
We will both receive $192K from DROP when we retire which I will roll over to a IRA of some sort and that is where I need some guidance. I am OK with moderate risk and would consider our pensions as the "safe/bond" position in our mix. Any ideas, questions or comments are welcome! Thanks!
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