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K. B. Sharkstooth
Guest
Hi everyone. I've been lurking on this board for a few months now. What a wealth of information.
I'm 44 and my wife is 56 and we plan to retire in 6 years. We have a net worth of 1.2 million equally divided between retirement accounts, non retirement accounts and equity in our house and a beach condo. With additional savings and appreciation we should have 1.8 million in 6 years.
We will also have 40K a year in a pension not tied to inflation and my wife SS at ~ 20K a year.
We think that should be enough but would like to here from people on the board regarding this.
Our retirement and non retirement accounts are ~ 90% in equities. Index funds, Mutual Funds and individual stocks. We are in the process of diversifing so that 50% is in Bonds. Also we have stock options that we are exercising yearly and holding for a year to keep the capital gain costs low. With the options and the capital gains on the stocks that we have to sell in order to diversify I think we will be thrown into AMT every year before we retire. Anybody got any ideas on how to avoid this?
BTW. K. B. Sharkstooth is not my real name it's what I want to be doing in 6 years. At Kure Beach looking for sharksteeth.
Thanks for the advice.
K. B Sharkstooth
I'm 44 and my wife is 56 and we plan to retire in 6 years. We have a net worth of 1.2 million equally divided between retirement accounts, non retirement accounts and equity in our house and a beach condo. With additional savings and appreciation we should have 1.8 million in 6 years.
We will also have 40K a year in a pension not tied to inflation and my wife SS at ~ 20K a year.
We think that should be enough but would like to here from people on the board regarding this.
Our retirement and non retirement accounts are ~ 90% in equities. Index funds, Mutual Funds and individual stocks. We are in the process of diversifing so that 50% is in Bonds. Also we have stock options that we are exercising yearly and holding for a year to keep the capital gain costs low. With the options and the capital gains on the stocks that we have to sell in order to diversify I think we will be thrown into AMT every year before we retire. Anybody got any ideas on how to avoid this?
BTW. K. B. Sharkstooth is not my real name it's what I want to be doing in 6 years. At Kure Beach looking for sharksteeth.
Thanks for the advice.
K. B Sharkstooth