With one 15year old daughter, planning for retirement in one, two or three years.
2007-04-22 14:28:03 · 8 answers · asked by rahmurah 1 in Business & Finance ➔ Personal Finance
I believe you are on the right track. Good job! Not many people can build so much wealth because they lack the knowledge or willingness to do so. And you have no debt! That's even more amazing!
Though, you have lots of equities that is taxable every year. Maybe you can sell some of them and buy mutual funds and bonds for your IRA? You probably make lots of income right now and don't qualify for a Roth IRA, but in 2010, you can open a Roth IRA and rollover your Traditional IRA into a Roth! Annuities are good because they can pay you income for life.
Overall, I believe you are set for retirement.
2007-04-22 17:38:49 · answer #1 · answered by Anonymous · 5⤊ 1⤋
As usual not enough information to provide a good answer. What are you plans for retirement? Will you generate any income in retirement or will you depend on the portfolio? Do you have interim health care coverage? What are you living expenses? Do you plan to travel? Do you plan to pay for college for your daughter?
The important thing that you can keep in mind is that you probably need to maintain a fairly aggressive allocation to equities especially since it is possible that you could live another 30+ years. Plus the annuity should cover a good deal of income requirements.
2007-04-22 16:15:22 · answer #2 · answered by gls_merch 5 · 0⤊ 1⤋
You knew exactly what he was like while you were dating, so basically you already know what kind of past he had. In a way he is right about the past, you already knew what it was like. You married him and it is time to move on in your married life and leave the past behind. It is only natural not to trust some one you already know things about. If he has done some thing since you have been married, then being sad and a lack of trust is also a natural feeling. It is sad when you marry some one it's just not them that is part of that marriage it involves every thing else. You marry the whole package deal and all the messes that go with it. Until he proves you can not trust him you have to let go of his past.
2016-05-21 03:49:13 · answer #3 · answered by desirae 3 · 0⤊ 0⤋
its impressive, your IRA is a little on the low side.
2007-04-22 14:35:49 · answer #4 · answered by TNA Ambassador 6 · 0⤊ 1⤋
You must live in northern Virginia.
2007-04-22 14:36:09 · answer #5 · answered by lynda_is 6 · 0⤊ 2⤋
are you wanting Jo to take you daughter out when she reaches legal age,, or what??
2007-04-22 15:24:04 · answer #6 · answered by Jo Blo 6 · 0⤊ 3⤋
all that and you are to cheap to hire a professional advisor? you should be ashamed! :)
2007-04-22 14:58:05 · answer #7 · answered by Charles V 4 · 2⤊ 2⤋
A POINT?
2007-04-22 14:30:46 · answer #8 · answered by cork 7 · 0⤊ 1⤋