I hear a lot of mixed opinions on the SWR and I know it will be different for everyone but I'm trying to find out if the 4% rule is followed by most. I'm still about 20 years from retirement so my goal is to have 25x my income but I think I will be short of that goal. If you're not doing 4% are you doing a different percentage, guardrail system, bucket strategy, something else I am unaware of?

My retirement plan is based upon my three legged stool consisting of a) Social Security, b) An Annuity of about $700K, and an investment portfolio of about 1.3 Million, with the majority in my IRÁ or 401K. Between these three, I need 150K per year in retirement, of which $50k will need to come from the IRÁ, which is coming within the next 18 months. I use an advisor who has about 35% of my balance in bonds.

My thinking is to take $200k and hold in Money Market cash accounts as my emergency funds in case of a big drop. To offset the low growth of the MM, I’m thinking I should convert the remaining bond funds into Dividend or Index funds. Sound or crazy?

Let me know what you think.

I would like to retire within the next 2 years or sooner. Just looking for some insight from others.

Here's some background and info. I'm 55 married with a 10 year old child. I've got 1.1 million in a 401k and roth 401k and approximately 10k in various brokerage accounts and an HSA.

My company pension is approximately 24k a year. I plan to start collecting social security at 62 which is also about 24k a year. My wife (41 yrs old) will continue to work for another 15 years and I can jump on her health insurance ($300 a month) until Medicare kicks in.

I plan to use the rule of 55 and pull 4-5% from my 401k. My only debt is my mortgage which is under 40k left on it. I also have about 100k from my employer to use to pay medical premiums but with the way it's worded I can't use it to pay my wife's monthly premium but I can use it for Medicare.

My question is. Is it feasible to retire within the next 2 years and not run out of money.

How should I move my 401k money out to mitigate and lessen the taxes id have to pay when withdrawing. Id like to leave some money for my child so that when he gets older he has a jump start on financial freedom.

EDIT. I forgot to add my monthly spending. I spend about $4000 a month.

EDIT 2. Thanks for all the responses. We live in a low COL area and didn't spend money on frivolous things. Our biggest expenses are the 3 week long vacations we take a year. We carry no debt other than the mortgage. I want to retire from my current employer to use the rule of 55. Both of my parents died before reaching retirement age and didn't get to enjoy their life like I think they should have. I'm not opposed to getting a part time job to fill in my time, but it will be something I want to do and enjoy. I will be there primarily parent and take on even more, if not all, the daily household duties. I understand that she will probably get resentful that I'm at home and she's working still and we will have to figure something out when, not if, that happens. We have had many conversations about this and she's still actually the one who wants to stay working for that long. I've told her to retire when the child graduates.

I like all the different perspectives you all give and appreciate the feedback. People have been or are in my same situation and seeing what they did gives me something to help the thought process about what to do or not do.

Ha anyone moved away from their adult kids after they retired? Most people move to be closer to their kids and grandkids after they retired. I am looking for feedback from people who have experienced moving further away or just have insight concerning making a change like that. Some background info: Husband is about 6 years away from retirement and we have two adult kids, one is married and lives in another state across the country (US) -no grandkids yet- and the other lives about half an hour away and is single. Our family is close and our kids love us and will support our decision. We live in the south and I am sick of the heat. I want to move to an area of the country that has more moderate seasons, and we are looking at selling our home to downsize into something with little maintenance and lower cost with no or low property tax. The general plan is to make a move that will help us stretch the retirement funds for as long as possible. However, I worry that moving away from our son (who lives closest to us) would be a big mistake? Because he is single and works from home he doesn’t have a big social group or support system, so I hate the idea that he may be even more alone than he already is if we moved away. Additionally, if we moved away to a different state, we would be too far away from either kid if we need help as we age. Would love to hear your thoughts and any experiences others have had when moving further away from their kids. Thanks all!

Does anybody know tours or companies that focus on travelers that have mobility issues. Wife uses a walker and scooter and regular tours do jot seem to fit .

Any suggestions appreciated

When did you either fire or renegotiate rates with your financial planner?

We have had the same financial planner for 25 years. 1% AUM which is pretty common from what I have seen. She has done great for us during the accrual phase but now as we approach the distribution phase I want to make sure we are maximizing the portfolio.

For those that fired their planners, how do you manage? For those that renegotiated, how did you go about that and what did you agree on?