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$6K/mo is an excellent income base for your retirement years, and with 10 more years in your horizon your current $2.3M in brkg+retm’t balance would be $4M-$5M just based on growth of 6%-8% — and your contributions over the next ten years would be incremental. Some things to consider:
* Do you & spouse need to update your will & trust?
* Do you plan to stay in current home? Downsize? Move? That will impact future expenses (eg, lower once you pay off mortgage)
* Are you maxing out all available tax-advantaged accts? (eg, HSA, Mega Backdoor Roth if your company offers one, and you probably already know there are increased “catch-up” maximums if you are over age 50)
https://www.nerdwallet.com/blog/investing/mega-backdoor-roths-work/
definitely consider a trust for your primary residence and community property accounts, and talk with a trust & estate planning attorney if needed
How do you figure 3800 for social security. 3666 is max, no?
That was for wife and me
1) Withdrawal rate on investments
2) What you want to do in retirement and why is it jet skis in Monaco
Might get more responses from the personal investment chatter bowl...