From ATX Portfolio Advisors:

Can I Retire?

Back in June, TexAgs poster Up-n-aTm asked the question, "Can I Retire?" on the Business & Investing board.
His post (and the responses it generated) inspired my most recent Accountable Update Blog entry, where I analyzed a hypothetical client in a similar situation and identified some common mistakes that can be made when planning for retirement.

Here are the "client's" details....

• 58-year-old couple
• Have $1 million in cash and an IRA with $1.1 million in Vanguard Target Retirement 2030 fund.
• 15-year $130,000 home equity loan at 2.3% interest.
• Social Security at age 67 will be about $7k per month.
• Needs $75,000/yr. for basic living expenses.
• Need $25,000/yr. for health insurance.

What do YOU think, can they retire? You can see my answer at Can I Retire? 4 Mistakes to Avoid.



If you would like to learn more about Accountable Wealth Management from ATX Portfolio Advisors, let's Get Acquainted.
Jeff Weeks, CFP
Principal
jeff.weeks@atxadvisors.com
(512) 537-5955
www.atxadvisors.com

Click HERE to schedule an appointment or call.

One quarter of their living expenses is for health insurance! That ****ing socialist takeover of healthcare sure made it more affordable, didn't it Democrats?! You ****ing locusts ruin everything you touch.