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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think you should see an accountant, and get their help in planning out your money. It will show you what exactly you['ll be living on and ease your anxiety. [/quote]

I am close to DH in age and I think about this all the time.  I have non-trivial medical issues. For life insurance, my health means I am basically un-insurable.  In my case, I will try to keep working at least until age 65 because of all the financial risks of retiring earlier — and the financial penalties of tapping retirement accounts early.

Do see a CPA in your state, not merely an accountant, see an actual CPA.  Also ask them how to budget and how to structure your assets to minimize tax exposure.  Ask how to plan retirement funds withdrawals to avoid penalties and minimize taxes.  A CPA is not an investment advisor, so go to BogleHeads.com and ask financial questions there.  The mainstream answers at BogleHeads usually are solid advice.

There generally are penalties for withdrawing from any IRA or 401(k) or 403(b) if below a certain age, which I think might be 62.

***Are you both really comfortable living entirely on your income - with no retirement funds - until he is 62?  What if you get sick and can’t work? What if he has expensive medical issues in future?

Also, one can’t get Medicare health insurance until age 65, yet older people are more likely to have health issues.  So onecreally wants workplace medical insurance until then.  (As a contractor, I cannot buy any group medical insurance.  Obamacare insurance costs too much.  So we rely on spouse’s workplace medical insurance for now.)

Last, Social Security income is not as high as some people think, and there are big financial penalties/greatly reduced monthly payments if tapping that before around age 68 or 70 (not sure of age details, ask the CPA).

Above all, don't buy an annuity.  The fees and structure of an annuity mean they are almost always a bad investment for normal people.  Maybe billionaires are an exception…
[/quote]
You can withdraw penalty free at 59 1/2 from the last job 401k, same with iras[/quote]

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