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Reply to "How much do you need for an UMC retirement?"
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[quote=Anonymous]We should have about 100k a year in combined fed pensions. Current dividends on my non-retirement portfolio are about $30,000. This is enough for our expected expenses in retirement. My parents are living (late 70s) but have 3 homes, each worth roughly 5 million dollars, and my siblings and I will divvy those up, each taking one. Two are in popular retirement destination and DH and I will either keep one or use the money from that fine sale to buy a second home or travel. I’ve told DH that I’d like to earmark 1 million per future grandkid for schooling and a small investment account to help with a first apartment or whatever, so we are planning to use an anticipated inheritance for that. [/quote]
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