From ATX Portfolio Advisors:
Can I Retire?
Back in June, TexAgs poster Up-n-aTm asked the question, "Can I Retire?" on the Business & Investing board.
His post (and the responses it generated) inspired my most recent Accountable Update Blog entry, where I analyzed a hypothetical client in a similar situation and identified some common mistakes that can be made when planning for retirement.
Here are the "client's" details....
What do YOU think, can they retire? You can see my answer at Can I Retire? 4 Mistakes to Avoid.
If you would like to learn more about Accountable Wealth Management from ATX Portfolio Advisors, let's Get Acquainted.
Jeff Weeks, CFP
Principal
jeff.weeks@atxadvisors.com
(512) 537-5955
www.atxadvisors.com
Click HERE to schedule an appointment or call.
Can I Retire?
Back in June, TexAgs poster Up-n-aTm asked the question, "Can I Retire?" on the Business & Investing board.
His post (and the responses it generated) inspired my most recent Accountable Update Blog entry, where I analyzed a hypothetical client in a similar situation and identified some common mistakes that can be made when planning for retirement.
Here are the "client's" details....
- 58-year-old couple
- Have $1 million in cash and an IRA with $1.1 million in Vanguard Target Retirement 2030 fund.
- 15-year $130,000 home equity loan at 2.3% interest.
- Social Security at age 67 will be about $7k per month.
- Needs $75,000/yr. for basic living expenses.
- Need $25,000/yr. for health insurance.
What do YOU think, can they retire? You can see my answer at Can I Retire? 4 Mistakes to Avoid.
If you would like to learn more about Accountable Wealth Management from ATX Portfolio Advisors, let's Get Acquainted.
Jeff Weeks, CFP
Principal
jeff.weeks@atxadvisors.com
(512) 537-5955
www.atxadvisors.com
Click HERE to schedule an appointment or call.