Latecomer wrote:We plan to work until around 2015, and here is our yearly projected income until 2018:
Rental house on 10 acres: $18,000
Corporation salary: $24,000
Total until 2018: $46,000 per year
After 2018 yearly income (with Social Security): $79,800 per year
I am wondering about the treasury funds, because there has been so much negative information lately. This year, I would like to transfer money from the taxable stock funds to the Roth IRA accounts. Since right now we are in the "stretching every dollar" time of our retirement - before drawing Social Security.
1. Should we just let the intermediate treasury fund and the TIPS fund alone? - or?
2. As we get older, would it make sense to gradually put everything into the Vanguard Wellsley fund - for simplicity for our heirs. What do you think?
Latecomer wrote:Right now, our monthly expenses are approx. $3,200.
jwa wrote:I'm not 65 yet but closing in on it fast. I've done some research on medicare and supplements and it seems from what I've read that $904 per month for health insurance seems high. How was this number derived?
Latecomer (OP) wrote:Right now it is $1,552 for us both per mo.
After July it will drop to about $904 for both of us per mo. That's a savings of $648 per mo.
I extend a special thank you for reviewing and commenting on my post.
Latecomer wrote:Regarding our stock funds, starting this year, we will gradually transfer the full allowable amounts into our Roth IRA's. This year, we are putting it into CD's at the bank. I cashed out $12,000 from our taxable stock accounts on Thursday.
The following years, I am considering simply transferring the taxable money into comparable Roth Vanguard accounts. Or, I could create two Lifestrategy Conservative VSCGS (his and hers) and gradually transfer everything into those Roth accounts as we get older. This is to keep things simple, and easier for heirs. One consideration is fund management fees - or, anything I am not seeing right now.
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