I am 54 1/2 yrs old single, no kids, in good health, and over the last few years have had some bad luck with jobs between company closing and then getting laid off last year. I just recently started a new job, (pay not that great and have to wait 3 months for healthcare which will cost me $80/week for medical and dental, the most I ever had to pay).
After taxes, healthcare and living expenses, I figure I will have about $6500 yr to save for retirement.
At present, I have $620,000 saved, have no debt, no pension. I guess I am freaking out since I doubt if I will be working steady over the next few years (after what happened in the past) and it seems like a lot of people on this site will have pensions of some sort to rely on and have a lot more saved.
I am estimating spending will be about $30k after taxes and worried if something happens job wise, I will not have enough.
Appreciate any feedback. Thanks
After taxes, healthcare and living expenses, I figure I will have about $6500 yr to save for retirement.
At present, I have $620,000 saved, have no debt, no pension. I guess I am freaking out since I doubt if I will be working steady over the next few years (after what happened in the past) and it seems like a lot of people on this site will have pensions of some sort to rely on and have a lot more saved.
I am estimating spending will be about $30k after taxes and worried if something happens job wise, I will not have enough.
Appreciate any feedback. Thanks