Retirement Investment Planning I am getting ready to…
0 reactions
Retirement Investment Planning
I am getting ready to retire so doing some clean-up and updating some investments in various accounts at Fidelity
First step is to consolidate the last co. 401K with previous rollover IRA account.
Then ideally I would like to simplify things so I do not need to keep nursing investments too much (it's also fun but can become a time sink):
Option A: Split 70:30 between VT and a CD ladder covering 2, 3, 5 and 10 years.
There's some funds I am probably going to hold in ICSH or VUSB ETFs for bridge funding the next 2 years where larger draws are needed until the mortgage on my house is paid off.
Option B: Replace VT with some low cost fund alongside the CD
Option C: Reduce the CD exposure and replace with mutual funds or target date funds that mimick some of the bond exposure.
We can cover about 60% of expenses from SS income now. Then almost 80% once the mortgage is paid off in about a year. We get another small pension in about 2 years at which point almost 94% of current extrapolated recurring expenses could be covered. The unknown are obviously one time hits, like a roof that needs replacement, a large medical expense, new car or the occasional vacations which are a bit hard to model.
I am actively looking to work another 3 years but the job market is tight so I am a bit forced to play my hand now rather than save up for more.
#business
source
I am getting ready to retire so doing some clean-up and updating some investments in various accounts at Fidelity
First step is to consolidate the last co. 401K with previous rollover IRA account.
Then ideally I would like to simplify things so I do not need to keep nursing investments too much (it's also fun but can become a time sink):
Option A: Split 70:30 between VT and a CD ladder covering 2, 3, 5 and 10 years.
There's some funds I am probably going to hold in ICSH or VUSB ETFs for bridge funding the next 2 years where larger draws are needed until the mortgage on my house is paid off.
Option B: Replace VT with some low cost fund alongside the CD
Option C: Reduce the CD exposure and replace with mutual funds or target date funds that mimick some of the bond exposure.
We can cover about 60% of expenses from SS income now. Then almost 80% once the mortgage is paid off in about a year. We get another small pension in about 2 years at which point almost 94% of current extrapolated recurring expenses could be covered. The unknown are obviously one time hits, like a roof that needs replacement, a large medical expense, new car or the occasional vacations which are a bit hard to model.
I am actively looking to work another 3 years but the job market is tight so I am a bit forced to play my hand now rather than save up for more.
#business
source
| 0 mlx | |
| 0 | |
| 0 |