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Reply to "50 year olds - how much retirement $ do you have saved?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]49 married. My assets: 1m in retirement funds 600k home equity 80k emergency fund 600k in 529 for my two kids Dh’s $$$ are very similar I wanna retire when I’m 62… tick tick tick[/quote] What is stopping you from retiring now? This looks like enough for one person in a couple who has kids' college covered and their partner has about the same $$. I guess you could use a bit more in nonretirement funds to bridge the gap until you're 59 and can access retirement funds without penalties, but who do you think you need to work until you're 62? [/quote] Not PP, but healthcare for a family of 2-4 could easily run you $20-30K/year all in until you are eligible for medicare and the kids are on their own. [/quote]
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