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Author: wileyed 10+ Year Anniversary! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Penny Wise, Pound Foolish Date: 10/14/2002 7:26 PM
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I've educated and married off the four kids, paid down the mortgage to <50% of value, paid off the cars, have no real credit or financial problems. I've never been able to save a dime. I'm tired. I will retire from my current position on June 30, 2004 at age 63. I've no real investments to speak of, and I've spent the last year trying to learn a little about investments. I'm to the point where I can almost speak the language.

Upon retirement, I'll receive a monthly pension of $36,000 annually (plus 2% COL annual increase), plus social security if I choose to start drawing it. (I've paid the max in SS for the last ten years or more). My wife will be 66 when I retire. I may work for another couple of years doing some things I've in mind.

I will also receive a lump sum payment of $193K from a deferred retirement plan that I need to rollover, and I will have another $22K in a 403(b). I'm looking for some guidance as to the best arrangements to make for for the the $200K +. I've thought about pork bellies but that doesn't look good right now. Any suggestions???
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