Retirement spending
I have about $750k in a 401k and about 391k in a pension. Will this be enough to live off have? My wife also has a 401k of about 200k and pension of 100k, I believe.
I am scared of the future!
We just turned 65 years old in February and March.
Terry Says
That answer depends on two important things:
1. How much you spend every year (including things like Medicare supplements, property taxes, etc)
2. How much you earn (or potentially lose) in your investments.
This is the perfect time to meet with a fee-only FIDUCIARY financial planner — someone who is not trying to sell you something. Only then can you have a plan that lets you sleep at night.
Please click on this link and watch the video explaining Wealthramp, which matches you with a fee-only Fiduciary advisor you can trust. This could be just a couple of meetings to get you on track — or a longer term relationship with an annual meeting.
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