are we ok to retire?
We have approximately 580k in retirement accounts (Iras, 403b and 401k) and just about 850k in cash plus a pension of approximately 11k per month (including ss benefits). We have no debt (mortgage, car payment etc). My husband is 66 and I am 62 and I say he should retire! I am confident we will be ok but he is not so sure … what do you think?
Terry Says
This is not a question for one paragraph, or for guesswork. For example, you didn’t tell me how much you plan to SPEND every month! And what if an emergency comes along — like the need for long term custodial care after a stroke or if Alzheimer’s comes along.
That is why you need a comprehensive financial plan — made by a FEE-ONLY planner who is not trying to sell you anything. Find that person at www.Wealthramp.com.
One thing for sure, he should not take SS before his full retirement age. And if YOU are working, you should also wait until FRA.
