Here’s my situation (throw away, obviously)
I would love to retire whenever possible with approximately 5.5k to spend a month (a dream, by age 57, but I accept it will likely be age 65).
Here’s my current financial life
General info
- As of June 22nd, I live in the midwest
- 45 years old
Income
- Roughly $128k salaries position (very secure job); occasionally up to $20k more (no guarantee)
Debt
- $183k owed on mortgage at 4% interest, 30 years
Cash
- $190k essentially in the bank
High risk/Early retire gamble
- $450k in a high risk growth/tech investment (my chance at early retirement, if fails, then age 65 it is)
Lower risk/Retire at age 65
- $149k in a 401(a) (contributing ~12K a year) | Fidelity AF TRGT DATE 2035 R6 (basic retirement fund)
- $17.8k in a 403B (contributing ~10%, 12K a year) | VANG REIT IDX INST
- $16.5K in a 457B (contributing ~10%, 12k a year) | VANG REIT IDX INST
So my question would be, am I crazy? Well planned given my goals? What would you change or what should I think about? Where am I naïve? Better retirement plans? Etc?
I don’t pretend to have the right plan here, so I’m all ears!
Submitted June 22, 2017 at 10:00AM by ChooseYrAdventure http://ift.tt/2sY9nqM
