trapperjohn
Recycles dryer sheets
- Joined
- Jun 1, 2012
- Messages
- 87
There are days, like today, when I wonder why I'm still working. I don't know if I'm struggling with OMY syndrome, if I truly am not financially ready yet. As others have done, I'd like your thoughts.
Investments:
Tira: $1,100,000 invested in 75% balanced mutual funds and 25% bonds.
Roth: $70K also invested 50% large cap fund and 50% small cap fund.
I plan to start SS at 62 because heredity is not on my side. I also have a $24/yr (after-tax) non-cola pension
Debts (including mortgage on main house): $200K
Saving: $6K/year in Roth.
I'm 60 and DW is 56. I hate my job. DW loves hers and will not retire until AT LEAST 62, but maybe later. We're covered by her employer health insurance which eats up a significant part of her after tax income.
I have significant chronic health issues, so long-term care insurance is my friend. Kids are all launched and college is behind us!
Firecalc gave us a 100% success rate for 40 years if I retire now and stop saving anything.
As I read thru what I just wrote, I tell myself, "Duh, what are you waiting for?", but I'd still like to hear what others think.
Thanks in advance.
Investments:
Tira: $1,100,000 invested in 75% balanced mutual funds and 25% bonds.
Roth: $70K also invested 50% large cap fund and 50% small cap fund.
I plan to start SS at 62 because heredity is not on my side. I also have a $24/yr (after-tax) non-cola pension
Debts (including mortgage on main house): $200K
Saving: $6K/year in Roth.
I'm 60 and DW is 56. I hate my job. DW loves hers and will not retire until AT LEAST 62, but maybe later. We're covered by her employer health insurance which eats up a significant part of her after tax income.
I have significant chronic health issues, so long-term care insurance is my friend. Kids are all launched and college is behind us!
Firecalc gave us a 100% success rate for 40 years if I retire now and stop saving anything.
As I read thru what I just wrote, I tell myself, "Duh, what are you waiting for?", but I'd still like to hear what others think.
Thanks in advance.