I am 50 years old,I want to retire in the next five years do I ? - how old do i have to be to retire
Enuff saved for retirement in a modest lifestyle? I worked for the federal government for 30 years with an average grade of 3 top $ 110K, and the CSR my pension which I paid extra annunity now be 135 million K in the TSP, but more than 5 years, I have $ 20K per year .
I have $ 55K in a CD, $ 142K in a savings account, foreign exchange market. I have $ 27K in a 401-K account to their jobs. I property (2 houses and 11 hectares) of $ 350K and $ 10k in I U.S. savings bonds. I have an income of $ 700 per month until 2018, gave me a loan from a family member. I have cars and boats $ 50K dollars, we think it can retire at the age of 56 and able to survive until I die of old age?
Monday, January 18, 2010
How Old Do I Have To Be To Retire I Am 50 Years Old,I Want To Retire In The Next Five Years Do I ?
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I do not like how it came there, the question is: Will it last long enough for their retirement years? The average life expectancy is 86-88 years. Whether you have lived for over 90 years. Is that all that money will last for the next 35 years or longer?
ReplyDeleteNo one can know for sure. You need to take into account the rising cost of living, inflation, the amount you need per month, medical care, and so on. You must be a financial adviser or an approved, which can perform a financial needs analysis for you. I got mine done for free at Primerica. Other companies a fee of $ 1,000 or more to do.
I do not like how it came there, the question is: Will it last long enough for their retirement years? The average life expectancy is 86-88 years. Whether you have lived for over 90 years. Is that all that money will last for the next 35 years or longer?
ReplyDeleteNo one can know for sure. You need to take into account the rising cost of living, inflation, the amount you need per month, medical care, and so on. You must be a financial adviser or an approved, which can perform a financial needs analysis for you. I got mine done for free at Primerica. Other companies a fee of $ 1,000 or more to do.
Firstly, you should feel good about their performance. It is very difficult to create a savings plan and stick to it. I suggest you find an old-simulator online and connect them.
ReplyDeleteMost machines are a series of questions about your home, ask the car, children will cost the university to give a clear idea of where he is 65, 70, and his case. These calculations show the effect of its withdrawal as an allowance for subsistence.
Please note that your investments should be present, but may fall as well. I tend to the conservative side, what the computer tells you err. With increasing medical advances continue, we are living longer and longer.
Congratulations. Hope this helps.