My wife and I want to RE. Here is the relevant info.
Taxable: 55%
Tax Deferred: 44.3%
Tax Free: 0.7%
Am I wrong in thinking it's a slam dunk?
- Late 50s. Live in a HCOL area. No kids. No other heirs.
- 50%/50% AA
- House is paid off; no debts.
- Able to collect pension upon retirement.
- Retiree health insurance provided by employer - very low premiums.
- Liquid, investable assets are 66X 2023 expenses (including taxes) less pension, for a WR of 1.5%.
- Liquid, investable assets are 38X target spending (including taxes) less pension, for a WR of 2.6%.
- Pension has a stingy (~1.4%/yr) COLA.
- IRMAA will be reimbursed by employer.
- Social Security - Me: Starting at 62; annual benefit is 25.5% of 2023 expenses, or 14.62% of current target spending; assumes a 25% cut in social security benefits
- Social Security - Her: Starting at 70; annual benefit is 46.7% of 2023 expenses, or 27% of current target spending; assumes a 25% cut in social security benefits
Taxable: 55%
Tax Deferred: 44.3%
Tax Free: 0.7%
Am I wrong in thinking it's a slam dunk?
Statistics: Posted by TitaniumCranium — Sat Jan 06, 2024 2:51 pm — Replies 2 — Views 118