When should I retire?

Retirement, 401(k), Retirement Plans
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September 2017
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Good question, though one of the primary items necessary to answer it is still needed: How much money do you and your wife need/want to live off of? Other items that would likely be beneficial in determining your ability to retire: your and your wife's expected Social Security benefit, your wife's 401k assets, expected inheritance (if applicable), personal and/or family health history/longevity, etc.

Example, you could likely retire right now, from what information you shared, if you're willing to live off about $3k-$4k/mo. before taxes.

On a related note, when you do decide to retire, you may be best served to draw off of your CD's and cash for living expenses while converting your pre-tax 401k assets (assuming most/all of your 401k is pre-tax) to Roth. It looks like you've set yourself up very nicely to do some quality tax-minimization.

 

 

September 2017
September 2017
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September 2017