[MBAtarga]

We are both 63, retired just last year. Only 1 residence, not paid off - but equity is around $500k and mortgage is at 2.25% so we are in no hurry to pay it off. We can draw 7% from IRA's (if needed) and still maintain the balance - and that with SS (wife's draw starts in March, mine will wait until 70yo). Short of any large medical costs (we have insurance for now then Medicare at 65) we should be good. Our financial advisor tells us we can spend more - just depends on how much we want to leave to the kids (2.) We've already been traveling more and have several domestic US and some international trips planned this year including an African safari and European river cruise.