
I am 50 years old, I want to retire in the next five years, right?
Enuff have saved for retirement with a modest lifestyle? I have worked for the federal government for 30 years, with an average salary of 3 high of $ 110K and get my pension in CSR Who will pay me more I annunity $ 135k in TSP, but will be in 5 years I put in $ 20K a year. I have $ 55K in a CD, $ 142K in a savings account currency market. I have $ 27K in a 401-K OCCT work old. I property (2 houses and 11 hectares) valued at $ 350K and I'm $ 10k in U.S. savings bonds. I have $ 700 income per month, until 2018, the loan I loaned a family member. I own a value of cars and boats $ 50K, you think he'll be able to retire at 56 years and be able to survive until I die of old age?
I do not like what you have there, the question is: will last long enough for their retirement years? Life expectancy average is 86-88 years. Say you live to 90 years of age. Is that all that money you 'll past 35 years or more? No one can know for sure. You have to take into account the high cost of living, inflation, is needed each month, health costs, and so on. It is necessary to sit down with a financial adviser or a professional licensed you can do an analysis of the economic need you. I got mine done for free at Primerica. Other companies charge a fee of $ 1,000 or more to do.
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