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Reply to "When will you retire? What age, number?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DH retired last month with pension of $55k and $3.3 million in assets. He is 62 and I am really happy because I need all the help I can get with two kids who are 7 and 5. I am 38 and SAHM.[/quote] Gross [/quote] Stop being judgmental. He looks better than most 50 year olds. [/quote] dp.. they all start to look really older at some point, and he's 25 years older than you. Look at George Clooney. He looks like Ama's father. His attempt to look younger with that dyed hair made it worse. I hope your DH has great life insurance. You will then be set for life in your late 50s/early 60s.[/quote] I do not care about looks. All of my friends complain a lot that their husbands are not helping either with housework or with children because they have a heavy workload. There is also stress about money, saving for college, retirement, etc. I have an ironclad pre-nup by my lawyer, and the entire DH's estate goes to me in the event of his death or funds a comfortable lifestyle in the event of a divorce which he would 100% avoid at all costs. [/quote] $3.3M at 38 to raise 2 kids and through old age doesn’t seem like it’s luxury all the way. You will likely be fine but not living it up. Will your DH’s pension continue after his death? [/quote] Pension pays same amount after his death. We have $210k in 529 for both kids with college that is 11 and 13 years away. DH could have taken about $30k per year in SS that he is delaying for now as we do not need that income. House if fully paid. The $3.3 million in financial assets are currently paying $85k just in dividends (from both stocks and bonds) which is more than matching our expenses. [/quote] You live comfortably on $85K for a family of four? Where do you live?[/quote] Plues $55k in pension. So total of $140k and very little in taxes on that. [/quote]
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