1. Am I on track to have enough monies for retirement
I only see $894k in the accounts you list, not the $1 million portfolio you state. Is there another account somewhere?
The $894k would only generate about $35k/yr at a 04% withdrawal rate (please see --Wiki article link: Safe Withdrawal Rates
), significantly less than you say you need net of SS and pensions.
As you plan to retire at about age 62, have you priced the cost of medical insurance for the years before Medicare eligbility? Most peope don't realize what this costs, unless they have been buying health insurance all along with out an assist from their employer. Its likely to be quite expensive, and you need to make sure thats included in your number for annual expenses.
Also have you tracked your expenses for a period of years to make sure you have included all expenses, including those that do not occur monthly (like auto or home insurance premiums or real estate taxes) or which do not occur on a regularly scheduled basis (like home repairs and maintenance, cost of new cars)?
I too question the advisability of having mortgage debt in retirement. Its best to go into retirement debt free in my opinion. But as you indicate paying that off that would significantly reduce your net pension or your net assets.
If you can please answer my questions about total accounts/assets and medical insurance/other expenses, do that in your original post using the "edit" button. It helps a lot to have all of your information in one place.
I would not feel secure in retiring in one more year based on what you have said so far, but I wouldn't feel comfortabe further addressing your first question without knowing more.
Bears1970 wrote:2. Should I keep funds in 401k in retirement due to low fees
3. Need help in 401k allocation - my return for this year is pathetic compared to market, I tend to play the market ( I know very dumb idea if you don't know what you are doing and I don't, learned my lesson).
4. Help with funds outside 401k, like to consolidate to 3 or 4 funds that will generate needed funds in retirement.
5. Should I take excess emergency fund ($40,000) and combine with other investments
Risk tolerance- middle willing to take some risk but don't want to worry everyday on what happen to market when retired.
Sorry this is so long - hope I provided enough info.
The good news is that I see no big mistakes or anything very dangerous in your investments. You are largely in low cost mutual funds or ETFs, usually index funds. You don't have large holdings in individual stocks or concentrated sector funds. Most of your investments are in tax protected accounts. You say you have learned your lesson about "playing the market."
I do think it will be possible to greatly simplify your portfolio, and reduce unnecessary duplication and overlap.
Can you indicate the current gain/loss situation for each holding in your taxable account? I wouldn't want to suggest changes there if it would create a large tax liability for you.
Do you wish to keep the taxable account and the Roths at Fidelity and TD Ameritrade, or would you be open to moving them to Vanguard for simplification and ease of management?
Do you have a desired asset allocation in mind? Wiki article link: Asset Allocation
. Wiki article link: Domestic/International
Again, please add this information to your original post using the "edit" button.