Thanks for posting GodenRam2030GoldenRam2030 wrote: ↑Mon Apr 05, 2021 2:20 pm Long time lurker, wonderful site. Thanks for the opportunity to post this. I want to get a read on your thoughts as to the portolio, allocation, resources to "test" retirement probability etc.
**Ages: 53/51/Child 13
**Home- Paid off valued at $735,000
**Current Portfolio: $3,350,000
**Exp Ratio- 0.18
**International-15% of Equity
**Small cap value tilted
We are both completely burned out and needing a change. This has been a long time coming. We recently moved into this house and figure we should be here for quite some time.
1) If one of us finds a job making far less, but with medical and dental, is it feasible to have one of us retire?
2) We have used Firecalc and it gives us about a 90% chance of making it 40 years. Are there other calc one should use?
3) This is subjective, but I feel a real unease about having one of us stop working as this market seems at a crazy high. Im speaking out loud here, but contemplating going less equities, but if contemplating a long retirement possbility, is that short sighted?[/list]
Any comments are welcome, and thank you!
I feel like I could have written your post. You have 100k more in your portfolio, similar aged child and 529, identical AA, lost the fire at work, BUT your house is paid off. Assuming you are not including house value in your portfolio, you look in pretty good shape to me. I am almost 56, and am now looking to downshift to minimize draw on portfolio and to keep mentally engaged. Do you want to be completely retired, or are you willing to go part time as others have suggested.