Newbie Needs Advice


#1

Here’s my story -----

1-- 45 years old
2-- Net worth $620,000
3-- Online Savings $63,000
4-- My 401k $190,000
5-- Wife 401k $200,000
6-- 20 year pension --$1500 Monthly
7-- I have $310,000 house with $143,000 left on the mortgage

I want to retire asap — Questions – thoughts - advice???


#2

“online savings”?
Asset allocation?
Dependents?
Current burn rate (spending per month)? How much of that is discretionary?
Appetite for riske?
Wife working? If so, how much does she earn? and you?


#3

Online Savings? ---- just a saving account – not in a traditional bank
Asset allocation? — Balance & High Risk
Dependents? — One - a freshman in high school
Wife Working? – Yes --80,000 Me — 74,000


#4

I also would like to get some good advice for savings.


#5

Beringmx, your “burn rate,” or monthly expenditure is important to know to see what’s necessary to retire.

How much money do you think you spend each month?

– TDD