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Reply to "Any 50yo+ with retirement savings less than $2million?"
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[quote=Anonymous]I'm 52, dh 59. combined we have about 1.1 in retirement, 285k in college funds (2 kids; will probably get to 200k/each); and about 500k equity in home (but also a mortgage of 600k). We will have pensions that are the equivalent of 2 million in retirement funds though which is our failsafe (we could probably do fine if not extravagant on SS and pensions in a lcol state). I will work till minimum 65, DH 70 (life and health willing), and we are aggressively putting more away for college/retirement until then.... then we will probably downsize and buy a modest one story home outright or move to CCRC.... the biggest ? is long term care. there may be inherited funds on my side but we are not counting on it and should they come it will hopefully help kids in future. [/quote]
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