The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/we-are-two-women-who-between-us-have-about-1-mil-29005457.aspx

Subject:  Re: How much is enough? Date:  1/5/2011  3:05 PM
Author:  reallyalldone Number:  68081 of 96354

We are two women who between us have about $1 mil invested with virtually no debt. We are both 55


Unless you are related in some way, I would make my first stop an attorney to make sure you each will always have access to the money.

Then I would do a full balance sheet for total net worth.

Then decide where you will be living in retirement.

Then project expenses as much as possible(don't forget gap insurance to cover what medicare won't)

Then compare that to the 40K as the safe withdrawal rate from the million along with any other possible income. Social security ? pension ? savings ?
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us