I have a short, and hopefully simple question here. I know most of the time this sub requires more info to give answers but I just want a simple yes or no to if my friends parents will be able to retire.
Wife has roughly $1,000,000 from an inheritance in an retirement account (not 401k or IRA, maybe brokerage) that they are using for retirement. Age 55 maybe? Husband has $150k in a 401k but also has a pension that will be roughly $4k/mo when he retires in 18mo. Aged 59.
They live like your average family with a reasonable vacation per year, no kids in the house within the next year or two, and house and cars are paid off. Wife hasn’t worked since they had 2 kids years ago. Wife is saying they have no chance to make it through retirement and husband says they will be more than just fine. Also looking to move to a new lower COL area (currently Mass.).
Any thoughts are appreciated!
Submitted December 31, 2017 at 08:27AM by jamesthedentist http://ift.tt/2lxcNdW
