Search found 20 matches

by soccerfan25
Mon Jul 17, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

FIRECalc: How long will your money last? http://www.firecalc.com/ "With what you have today, and what it costs you to live, can you retire and maintain the same lifestyle?" A very popular tool for considering retirement. I am guessing you will be golden in your golden years! Thanks, I'll check that...
by soccerfan25
Mon Jul 17, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

• Health care: 2.5 years retirement health care funded by employer; able to buy into employers group health plan at 100% cost soccerfan25, Is it possible to find out the 100% cost for this year? At my current employer, this number is listed in my pay check (employee and employer portion). The bigge...
by soccerfan25
Mon Jul 17, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

Mmmh... primary residence value is 640k, outstanding mortgage is 147k, that means equity is just a notch under half a million. How is that 11.8% of your 2.2 million assets ? I'd say it is more like almost a quarter, which would leave you with a 1.7M invested portfolio. Is this figure correct ? Good...
by soccerfan25
Mon Jul 17, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

• Health care: 2.5 years retirement health care funded by employer; able to buy into employers group health plan at 100% cost soccerfan25, Is it possible to find out the 100% cost for this year? At my current employer, this number is listed in my pay check (employee and employer portion). The bigge...
by soccerfan25
Mon Jul 17, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

I find it interesting that so many have noted your expenses seem low compared to your income. I imagine that is how you managed to have a portfolio of over $2M. OnTrack2020, If OP had been living on 45K per year, the portfolio would be a lot larger. At least 2 times if not more. The gross income is...
by soccerfan25
Mon Jul 17, 2017 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

Yes, I know it seems low but we'll be living in a small North Carolina town and have no mortgage on the house. I've gone through expenses on a line item basis and they seem reasonable at 4.5k / month. Our current northeast US home does have a mortgage and has much higher upkeep costs. And we've bee...
by soccerfan25
Sun Jul 16, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

Yes, I know it seems low but we'll be living in a small North Carolina town and have no mortgage on the house. I've gone through expenses on a line item basis and they seem reasonable at 4.5k / month. Things people often leave out when they build an expense budget: Income taxes Uninsured medical co...
by soccerfan25
Sun Jul 16, 2017 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

Questions: 1. Do I have any major holes in our plan to retire in 1 year given our resources? Are we in good enough financial shape to retire in 1 year and not work unless we want to? It was not clear if your $4.5K a month expenses included taxes or not. I'm pretty middle class compared to a lot of ...
by soccerfan25
Sun Jul 16, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

I don't see health insurance listed. That is likely to be your biggest potential expense. When you retire you will have 4-5 years of insurance to cover before Medicare and that may or may not be expensive. Nobody really knows and those who do aren't telling yet. Plan for a big expense particularly ...
by soccerfan25
Sun Jul 16, 2017 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

Yes, I know it seems low but we'll be living in a small North Carolina town and have no mortgage on the house. I've gone through expenses on a line item basis and they seem reasonable at 4.5k / month. Our current northeast US home does have a mortgage and has much higher upkeep costs. And we've bee...
by soccerfan25
Sun Jul 16, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

You should fold the majority of your 401k into Total Stock Market Index Fund and International Stock Mkt Index and some into a bond fund which I do not see. Then look at the total portfolio yours and the wife's and decide the proper asset allocation for both combined to make one portfolio. Yes, tha...
by soccerfan25
Sun Jul 16, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

mhalley wrote:The 54 k does seem extremely low compared to your income. You would probably be fine even without your pensions. With them, you are golden. Enjoy your retirement.
Thank you.
by soccerfan25
Sun Jul 16, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Re: Can my wife and I afford to retire in one year with our portfolio, pension, social security

You make $260k and plan to live on $54k. That's the part of the plan that seems unrealistic. Regardless, your assets and pension should easily cover an annual $54k in expenses with adjustments for inflation. Your SS plus pensions are more than your estimated expenses. Yes, I know it seems low but w...
by soccerfan25
Sun Jul 16, 2017 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Can my wife and I afford to retire in one year with our portfolio, pension, social security
Replies: 41
Views: 4169

Can my wife and I afford to retire in one year with our portfolio, pension, social security

My wife and I would like to retire from full-time work in one year's time if possible. Any and all advice is appreciated on whether you think we're financially ready and what changes should be made. Thanks! Overview: • Emergency Funds: 60k needed • Debt: Existing 147k mortgage against primary reside...
by soccerfan25
Fri Jun 30, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 1324

Re: Opinion on Vanguard Personal Advisor Service

The Fidelity proposal is a 60/40 asset allocation for which you would pay Vanguard 0.3% to get the same advice, so I don't see the point of paying 0.3% of $2.2 million or more than $6500 for a repeat. Folks on this forum could set you up with the same portfolio in a tax-efficient location for free....
by soccerfan25
Fri Jun 30, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 1324

Re: Opinion on Vanguard Personal Advisor Service

In what way is your portfolio out of balance, according to the tools you are using? Have you been doing the allocations yourselves up until now? The Fidelity software said I had a "moderate" portfolio but should move towards a "growth with income portfolio. Details are below. I know my "short-term"...
by soccerfan25
Fri Jun 30, 2017 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 1324

Re: Opinion on Vanguard Personal Advisor Service

OP Could you post your current holdings and % of portfolio (across the entire portfolio, please) And you're target asset allocations? Any Idea why they think your portfolio is out of alignment? TIA Here are the percentages: My 401k STABLE VALUE N/A 36.04% PIMCO Gl Bd (UH);Inst PIGLX 0.00% Fidelity ...
by soccerfan25
Fri Jun 30, 2017 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 1324

Re: Opinion on Vanguard Personal Advisor Service

In what way is your portfolio out of balance, according to the tools you are using? Have you been doing the allocations yourselves up until now? The Fidelity software said I had a "moderate" portfolio but should move towards a "growth with income portfolio. Details are below. I know my "short-term"...
by soccerfan25
Fri Jun 30, 2017 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 1324

Opinion on Vanguard Personal Advisor Service

My wife and I are fast approaching retirement -- maybe a year or two away (we're 59 1/2). We have about $2.2m in retirement assets split more or less evenly between 401k and after-tax investments as well as a 45k defined pension benefit. Our retirement home has been purchased and has no mortgage. We...