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[quote=Anonymous][quote=Anonymous]I am taking my company’s buyout offer at age 56. I think it will be quite difficult to secure a high level position and want more clarity about whether I can retire now. Looking for a financial planner that can help me assess this. High earning professional (not too high), three kids in college, investment properties, mortgages, wife works part time, healthy 401k balance and so on. Probably not much different from most of you. If this were an easy task I’d do it myself but there are some nuances. Any DMV referrals appreciated. [/quote]

Hi OP,

Congrats on the buyout! Good for you for wanting to quit the rat-race and enjoy life while you are still healthy. A financial planner will help you figure out from which accounts to withdraw first, but you don't really need a professional to figure out whether you have enough. Plus, every financial advisor will ask you these questions as well:
- What will your annual expenses be in retirement (health insurance, will you be traveling more, etc.)
- What are your liquid investments (does your 401(k) allow for rule 55 withdrawals?) 
- Do you have any other sources of income, e.g., pension?
- In the first instance, does 4% of your liquid investments cover your expenses? 
If the answer is "yes"," congrats, you can retire. Treat your wife's salary and your rental property income as a cushion and live happily ever after.
If the answer is "no," a bit more digging is needed.
- how much money is tied up in your investment properties and how much do they generate (not in the best-case scenario, but on average, accounting for repairs, vacancies, etc.)?
- how much are your investment properties worth? Are they pure investments, or do you plan on maybe living in one of them down the road?
- how much does your wife make and how much longer does she want to be working?

You get the picture.

Ask friends and family or a referral. Good luck and congrats, again.[/quote]

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