Thanks. I have a feeling $3m is a safer “number” but I am also cognizant of OMY paralysisThere are no tax consequences for selling the individual stocks so I would sell them and put the money into an index fund ASAP.Roth Fidelity
130k - individual stocks plus s&p 500 Mutual fund - slowly unwinding until just indexA 4% safe withdrawal based on your $2.1M is 84K a year so until you start SS when you are 70 you will be spending about $40K more than your safe withdrawal rate.Big picture - all current assets 2.1 M......
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Ss strategy - claim at 70, ~4600/mo. (about $55K a year)
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..... Desired expenses including taxes after retirement 120k - this includes big discretionary travel, gifting, good life - I could cut in half if needed.
Just eyeballing the numbers it looks like they would work, but just barely. Hopefully your investments will grow some in the next 18 month when you will turn 65 and you will be adding more retirement account contributions too.
As long as you are willing to reduce your spending if needed it looks Ok(ish) to me.
Statistics: Posted by Coastfical — Thu May 09, 2024 12:19 am