Am I there? I think I am ready to ease in to retirement
60F, single, primary residence TN. I think I'm there, and could semi-retire. I would be able to freelance hourly for my current job and taper back. I have the following:
~ $500,000 in CDs, emergency fund and HYS. Most of the cd's will mature at avg 4.5% later this year, so I need to do something with those when they do. Thinking SGOV <??>
~ $370,000 across SEP IRA, Roth, Rollover IRA and taxable brokerage (convert all to Roth?)
~ $60,000 HSA, invested. I max it out every year
~ Long term care insurance (current premium is about $1k a year - I bought early)
~ AFLAC personal policies for both Cancer specific and "Major Event" (heart etc)
~$30k left on mortgage @ 3.35% - will probably pay it off this summer depending on what interest rates do. House is worth about $400,000
~ 4 yrs left of receiving alimony payments = appx $130k total, but taxable
estimated SS at full retirement would be around $2500 as I have been self-employed for 20 years and some years were low due to write-offs
I will also inherit a commercial property and my mother's residence (she is 90) which will = about $500,000 in re-sale value, and appx $300K cash, assuming already 2-3 years in long term care facilities for her.
Retirement spend, probably on the low side, $60k a year ish? I am not a big spender
I have no heirs, so am not concerned with a legacy, just not running out! Any advice is greatly appreciated !