chinaco
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- Joined
- Feb 14, 2007
- Messages
- 5,072
We have an opportunity to consider ER. DW is taking a RE offer from megacorp.
It takes care of group health care & dental coverage (small cost). The megacorp is very strong (The biggest and leader in their industry). No reason to believe that they would cancel Health plan or jack rates... They have been around forever. Plus there are other retirement benefits that help a little.
We would like to travel. Depending on how much travel occurs in a given years, our expenses could fluctuate. Our needs could range from $45k/yr (lowest) to prehaps as high as $90k/yr. We figure that most years will be perhaps $60k in todays $.
Poll Question (Please answer based on your personal Retirement status): How much would you need in the retirement portfolio to feel 99% confident that you could retire and have the lifestyle described? And not be in a vulnerable position to have to go back to work.
It takes care of group health care & dental coverage (small cost). The megacorp is very strong (The biggest and leader in their industry). No reason to believe that they would cancel Health plan or jack rates... They have been around forever. Plus there are other retirement benefits that help a little.
- For the purposes of this poll assume we have no debt (we have little debt).
- We are 51.
- We live in the mid-west (moderate cost of living).
- I will have a small pension If I stopped working available @ 65 It would be worth about $25k (todays $) Deflated @ 3.5% would be approx $15k spending power in 14 years.
- DW - no pension. Company contributed cash each year. Consider it like a 401k (part of the portfolio)
- Of course, we will both have SS. She will probably take it @ 62. I might wait till 66.x.
- Other: own house. Vehicles.
- Everything else is in tax deferred (401k, IRA) and after tax investments. Stock and Bond MF. Low cost of course.
- We are both in very good health
- DW is on a few prescriptions (nothing major).
- While working we spend approx 40-45k/yr. (assuming mortgage is gone). We will downsize our house. This will clear the mortgage, and reduce expenses further about 2k/year.
We would like to travel. Depending on how much travel occurs in a given years, our expenses could fluctuate. Our needs could range from $45k/yr (lowest) to prehaps as high as $90k/yr. We figure that most years will be perhaps $60k in todays $.
Poll Question (Please answer based on your personal Retirement status): How much would you need in the retirement portfolio to feel 99% confident that you could retire and have the lifestyle described? And not be in a vulnerable position to have to go back to work.
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