02-08-2023, 03:01 PM
(02-07-2023, 08:13 PM)rayray Wrote: ken,
so....the plan
is to retire in the 59 to 62 age group and start doing roth conversions, to get that money out of tax deferred accounts--i'll most likely not get all the money converted but even if it saves me "x amount" once RMD's hit i'll be happy with the move
i might delay SS till 67, maybe even 70--i don't know
for know it's kind of just back of my mind
i'll be reassessing everything at age 55, and then again once i retire
Yeah, my original plan was to retire right at 59.5, but there are SO many variables at play. If my daughter doesn't go to college, for instance, child support ends in 2 years at age 52. Or it could go until I'm 55. Will I get married again? Even if I do, are we going to share money?
I suspect by age 59.5 you will have enough. It will be interesting to see, though, if you want to retire. I'd be happy keeping my job into my 60s, except it would be nice not to have start my day at 6:30 am lol. Funds-wise, I don't have a clue yet when I'll be ready. And also, if I really only start keeping my whole paycheck at age 55, I may want to do that for longer than just 5 years.