slowpoke19
New Member
Hi everybody, I'm new here and I hope this is the right place for this question.
My wife is 60, I'm almost 60. We are both planning on retirement at 62. We each contribute to our employers 403b and thrift savings plans. I contribute to both the Roth and traditional contributions. Upon retirement we will have a combined amount of $225,000.
We have three CDs that total $100,000 that will mature soon. Our home is paid for and we have less than $1000.00 debt on a car loan. We will enter retirement debt free.
When we retire should we tap into our retirement accounts first, or use our personal savings for living expenses? Should we start drawing our SS right away?
Retirement is about two years out but we want a plan in place beforehand.
We welcome all suggestions, and thank you all very much.
My wife is 60, I'm almost 60. We are both planning on retirement at 62. We each contribute to our employers 403b and thrift savings plans. I contribute to both the Roth and traditional contributions. Upon retirement we will have a combined amount of $225,000.
We have three CDs that total $100,000 that will mature soon. Our home is paid for and we have less than $1000.00 debt on a car loan. We will enter retirement debt free.
When we retire should we tap into our retirement accounts first, or use our personal savings for living expenses? Should we start drawing our SS right away?
Retirement is about two years out but we want a plan in place beforehand.
We welcome all suggestions, and thank you all very much.