Retirement
do I need to have a lot of money to save up in retirement if I have an SS income, State pension, Deferred Comp, 403b plus my husbands federal pension AND SS income? A big chunk of my payroll goes to all of these. Can I take my deferred comp (T. Rowe) so I can get more take home money each month? We plan on going back & forth or retire permanently in the Philippines, so I dont think I will need a big retirement money to live when your old, we only have simple needs & wants except we like to travel
Terry Says
This is a perfect time to have at least one meeting with a Certified Financial Planner who is NOT trying to sell you something! Find one you can trust at www.Wealthramp.com, where you will be individually matched with a Fee-Only FIDUCIARY planner who will put your interests first.
He or she can look at all your numbers and income needs, as well as advising you n the deferred comp. That deferred comp program will have its own rules set by your employer. Also a consideration is your health insurance — either private or Medicare, and how that will translate if you are living in the Philippines.
This really deserves individual consideration, and the small fee for a planner should pay off big time down the road if it keeps you from making an expensive mistake.
