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Reply to "Age, income, and amount saved for retirement? "
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[quote=Anonymous]48/52 yo couple HHI from working: $0 Passive annual income from various investments: $1.5M in 2023. Estimate about $1.4M in 2024 529: $450K (superfunded when children were born) but using 9/11 GI Bill for one child already in 3rd year of college from spouse military service. 2nd child is a senior in HS. Pension: $90K/yr Two rental properties that bring in about $45K in annual free cash flow. Combined value is about $1M with low mortgage balances Looking to sell these as we have no desire to be landlords anymore. Assets that are producing return but we can’t touch yet: 401K & Roth TSP: $2.3M (Maxed contribution almost every year we were working) Roth IRAs: $2.1M - direct and then Backdoor contributions while we were working. Invested in individual stocks only. Not contributing anymore since we don’t have earned income. Live in a modest house in NoVA valued around $1.6M with low mortgage balance and low mortgage rate. [/quote]
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