Im 49 years old , married with 2 kids , and have custodian account for them. My wife and I have a Ira with 160k and self managed 640k .
I will max out my Ira every year and I invest 10k a month for my personal. My home is paid off and I have no debt. I would love to know if i can retire by 55 or make a minimum income and withdraw the rest. Im estimating for a comfortable lifestyle i will like to have 100-110k a year.
Im a business owner thats having a hard time finding employees in the trade that i am in. Selling my business has become very hard as well. Ive thought about my semi retirement method of being that i outsource my work to a local shop and just work 20-30 hours a week while i hire the other 30 for a teenage to college students and make about 40 percent of what i make now but still have some kind of income generating from my business.
I would love your opinion and adivce, I hope i gave enough info to you all.
I will max out my Ira every year and I invest 10k a month for my personal. My home is paid off and I have no debt. I would love to know if i can retire by 55 or make a minimum income and withdraw the rest. Im estimating for a comfortable lifestyle i will like to have 100-110k a year.
Im a business owner thats having a hard time finding employees in the trade that i am in. Selling my business has become very hard as well. Ive thought about my semi retirement method of being that i outsource my work to a local shop and just work 20-30 hours a week while i hire the other 30 for a teenage to college students and make about 40 percent of what i make now but still have some kind of income generating from my business.
I would love your opinion and adivce, I hope i gave enough info to you all.
Statistics: Posted by socalindex — Tue Feb 20, 2024 2:53 pm — Replies 0 — Views 25