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Messages - Calabaza

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Early Retirement / Re: Question about withdrawal in retirement
« on: May 10, 2020, 07:10:38 AM »
Hi Jeremy,

Thanks for responding. I realized I wasn't clear on a few points.

My husband's retirement starts at age 50.
Huband is a federal law enforcement officer, so supplemental SS starts at age 50 and lasts until regular social security at age 62.
We're thinking we would like to have an income of about $100,000 in retirement if possible. Not exactly frugal, we know.

Thanks again.

Early Retirement / Question about withdrawal in retirement
« on: May 08, 2020, 04:47:54 AM »
Hello everyone.

I posted this on another forum and thought I'd try here. I've been a reader of this site for a while.

Life Situation:
My husband and I have been on this FI mission for about 8 years now and are planning on retiring June 2021. Luckily, we can keep my husbandís health insurance when he retires, at the employee rate (unless the law changes), especially considering my health care expenses.

Me: 46 y.o., no kids. I have a syndrome that causes my joints to dislocate frequently and is progressively getting worse. Iíve had numerous surgeries and will need more in the future (2 in the near future), which (in part) prompted our FI journey.

Husband: 49 y.o., no kids.

We currently travel a lot for pleasure (mostly international) using airline miles and would like to travel even more during retirement. Also, since we have no kids, my husband jokingly says his goal is to die with $1 left in the bank.

Me: $71,000
Husband: $141,000

We live in Florida

Yearly Expenses:
Living expenses: $60,000 (28%)
investments/savings: $127,000 (60%)
Taxes: $25,000 (12%)

We max out retirement accounts and invest $44,400 in a brokerage account each year, and will continue to do so until June 2021.

TSP:       $600,000 (100% Total Stock Market)
457:        $78,000 (100% Total Stock Market)
403b:       $98,000 (100% Total Stock Market)
Me: Roth IRA:    $106,000 (55% VTI, 45% VTTHX) I donít buy VTTHX anymore
Husband: Roth IRA: $140,000 (100% VTTHX)
Me: SEP IRA:    $79,000 (no longer contribute, 42% VTI, 58% VTTHX)
Me: Work retirement acct: $27,000 (maybe roll this over once I leave my job?)
Inherited IRA: $18,000
Cash:          $40,000
Brokerage acct: $$226,000 (100% VFIAX)
Condo:       $200,000 (paid off)
Total:      $1,612,000

Retirement Income:
Husbandís pension: $52,000
Supplemental social security: $12,800 (until he can get regular social security at 62).

If my husband dies before me, I would continue to get half of his pension.


1. I am wondering what accounts we should withdraw from first, second, and so on in retirement.
2. Are there any accounts we should rollover?
3. Any other thoughts or advice? Anything we should be doing differently?

Thank you!! I really appreciate your thoughts.

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