bobbydean
Well-known member
Corporate America finally ran me off and I have given my retirement notice.
Last days have been spent with 401 K's, Social Security, Deferred executive stock plan and unused PTO and banked vacation. Have added up expenses and looks good. Have 2 401 K's and decided to withdraw from the smaller one first. Easily will last 4 years until I must touch the larger one at 70½. My thinking is that gives me a trial run on the smaller one to better plan on utilizing the 2nd one. At 70½, I will roll the remainder of the smaller 401 K into the larger one and recalculate everything again.
The one question I cannot decide on is to budget more or less for alcohol after retirement? I asked my wife and immediately was told with me, the budget should be higher.
Following financial advice, I will withdraw at 7-8% rate. As the stock market averages 7-8% except for a crash. Should I expect the 401K to remain fairly stable with little decrease year to year? Final day will be in 10 days, but probably will not touch 401K until January. Using vacation and deferred income until then. Will be having discussions with both mutual fund advisors between now and January.
Letting my mind ramble. Any comments welcome.
Last days have been spent with 401 K's, Social Security, Deferred executive stock plan and unused PTO and banked vacation. Have added up expenses and looks good. Have 2 401 K's and decided to withdraw from the smaller one first. Easily will last 4 years until I must touch the larger one at 70½. My thinking is that gives me a trial run on the smaller one to better plan on utilizing the 2nd one. At 70½, I will roll the remainder of the smaller 401 K into the larger one and recalculate everything again.
The one question I cannot decide on is to budget more or less for alcohol after retirement? I asked my wife and immediately was told with me, the budget should be higher.
Following financial advice, I will withdraw at 7-8% rate. As the stock market averages 7-8% except for a crash. Should I expect the 401K to remain fairly stable with little decrease year to year? Final day will be in 10 days, but probably will not touch 401K until January. Using vacation and deferred income until then. Will be having discussions with both mutual fund advisors between now and January.
Letting my mind ramble. Any comments welcome.