Quote:
Originally Posted by pwd72s
Buy these books:
The Bogleheads guide to Investing
by Taylor Larimore, Mel Lindauer, Michael Leboeuf
and..
The Bogleheads guide to retirement planning
by Taylor Larimore, Mel Lindauer, Richard A. Ferri, Laura F. Dogu
I congratulate you on "no debt"...that alone is huge. Please do your research before contacting any "financial advisor"...I'm not saying they're all bad, but I am saying sharks swim in that ocean.
|
Got The Bogleheads guide to retirement planning last night, only had time to get to chapter three but I really like it so far. Just technical enough without going into lawyer-ese.
the more I learn from it the more questions I have, but that's normal.
I've been studying hard this past week.
I've also been running different scenarios with fidelity's free planning tools, and it's coming up roses.
But the wife is still nervous. All I hear is what if.
I tell her we got it covered, but she still says what if.
She says maybe we should work another year or two just in case.
I told her that she can work as long as she wants
Doesn't matter, I have a contract to complete and that's at least another year, maybe one and a half.
One thing I haven't nailed down yet and I hope the book will help with:
I have three different pension funds that can either be lump summed or rolled into annuities.
My gut says move the lump sums directly into rollover IRAs to avoid the tax hit and that will outperform the annuities big time, but still gotta crunch numbers.
Any BTDT out there?