DW and I are 54. At 57 we are projecting the following income stream:
2027 DW - $90,000 pension
2027 moi - $90,000 pension
2032(62) - DW ss $36,000
2035(65) - moi ss $50,000
Home - projecting paid off 12/2025. $145,000 @ 2.45%. 10 year FRM.
2024 Real estate value $750,000.
2024 Total net assets - $2,100,000
Consumer debt - none
2024 investable assets - 1,350,000. 60/40. 20% international equity. Mainly Schwab ETFs. 10% Van Eck SMH.
457 ROTH/IRA - $405,000.
529s @ Schwab- $110,000
t457B/t401A - $835,000
$80,000-$100,000 yearly ROTH conversion until at minimum age 60, 2030.
$200,000 currently invested per year tax deferred and HYSA.
E fund - 4 month expenses
I have started a 2nd career part time. In 2027 I retire with pension. I will earn a projected $150,000 that year in 2nd career + pension. Plus wife's pension. $330,000 total.
2027 DW wants to retire for good. I feel very comfortable with this.
One caveat, 2027 we will purchase a 2nd home (cabin) for around $500,00 - $700,000. Likely put 50 % down. Pay off over 4 years. We plan on living there 4 months a year.
2027 yearly expense including taxes, healthcare, travel, etc., is projected at $130,000. $10,833 monthly.
Is there anything I am not accounting for?
Thank you
2027 DW - $90,000 pension
2027 moi - $90,000 pension
2032(62) - DW ss $36,000
2035(65) - moi ss $50,000
Home - projecting paid off 12/2025. $145,000 @ 2.45%. 10 year FRM.
2024 Real estate value $750,000.
2024 Total net assets - $2,100,000
Consumer debt - none
2024 investable assets - 1,350,000. 60/40. 20% international equity. Mainly Schwab ETFs. 10% Van Eck SMH.
457 ROTH/IRA - $405,000.
529s @ Schwab- $110,000
t457B/t401A - $835,000
$80,000-$100,000 yearly ROTH conversion until at minimum age 60, 2030.
$200,000 currently invested per year tax deferred and HYSA.
E fund - 4 month expenses
I have started a 2nd career part time. In 2027 I retire with pension. I will earn a projected $150,000 that year in 2nd career + pension. Plus wife's pension. $330,000 total.
2027 DW wants to retire for good. I feel very comfortable with this.
One caveat, 2027 we will purchase a 2nd home (cabin) for around $500,00 - $700,000. Likely put 50 % down. Pay off over 4 years. We plan on living there 4 months a year.
2027 yearly expense including taxes, healthcare, travel, etc., is projected at $130,000. $10,833 monthly.
Is there anything I am not accounting for?
Thank you
Statistics: Posted by Dunningedangkruger — Sun Apr 28, 2024 11:11 pm