"Metro" has signs (on the bus, exterior) saying "safety is our top priority."
However, I would think that for an organization that provides transportation,
"transportation" (services) should be their actual top priority. Because otherwise
they could just leave all the busses in the garage and never run them,
which would be pretty safe, I believe.
Spouse and I both had 403(b) but different (less trying) circumstances.
In part it would depend on the mix of investments in the 403(b).
For ours, there were quite a lot in the mixture.
Not only did we roll over into a "traditional" Roll-over IRA but we also put into one company,
one broad-based fund. These actions for us over the passage of the most recent twelve months
was worth about one fifth of a million dollars. Of course we could have Lost that much (and more) as well
but that is not the way the football bounced this time.
@CurttheScientist I am glad you remain lucid thus far. It is a supreme irony (in my view) that as the potential for mental decline increases, things are a lot more complicated, at least in our experience. This is a good topic for me to jump into because less that three years of retirement (in total) figuring out the income(s) - they are many - for retirement is by far the most involved. Up until now, I have felt like I got no assistance (or little). As far as I can tell, there is no "one fits all" formula and individuals / couples are pretty much left on our own to "sink or swim" in the deep end. Depends. (and I'm not talking garments).
agree - in principal. or not
(past results are no guarantee of future performance).
A full decade, though, seems a reasonable time horizon. (personal opinion).
The 59.5 thing is a problem for the 403b, and Roth IRA. But we maxed out annual contributions to our 457's. The 457's allow access to the money after 6 months of separation from employer. So the plan is to live off cash, roth principal (but this will be the last resort), 457 and a lifetime annuity (500/mo compounding 2.5%/annum). From 45 - 59.5, I plan on converting some of the 403b to Roth - being careful to keep us in same tax bracket ... So we can hopefully reduce RMD's. and at 59.5 start spending down the 403B. Then after 70.5 RMD's, Roth's, and annuity should keep us afloat. I still have fears about the lifetime annuity - it pays the max of 30 years or my wife's lifetime. But that is assuming Aviva insurance is still around!
We've been tracking our expenses very diligently for the past 5 years and typically spend 12-15k/year (depending on where we vacation or fix around the house). Again we own our house, have health insurance from my work, have no kids and live cheap. When people talk about spending less in retirement, I think no way. Our expenses will be at least 200% of what we spent pre-retirement.
"no way" was also my personal response -- what kind of retirement would it be to refrain from spending after all the decades of skimping and scraping -- better to stay employed (paid of course) and not retire otherwise. I agree that in retirement the spending is likely to be (much) greater. We are less than three full years into ours. For one thing, my spouse wants to do all kinds of "projects" she has put off (patiently) for the most recent three decades since the purchase of our house.
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