2006 June | SEP IRA

Archive for June, 2006

Simple Ira Two Year Rule

June 28th, 2006

simple ira two year rule

War & Terror with Philip Bobbitt

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Sep Ira Divorce

June 15th, 2006

Question: How am I doing as far as financially and for retirement?

I am 51 years old Internist making about $160,000 a year in a very stable group practice.

I have about $400,000 in SEP IRA and regular IRA when I used to be self employed. Most of it are in Vanguard Target retirement fund 2025.

My home is completely payed off and worth about $280,000.

I contribute max to my current 401K, and have about $300,000 in cash.

I have no kids and divorced. No alimony. I have zero debts.

How am I compared to other 51 year olds?

Will I be OK for retirement when I’m 65? I’m planning to keep working part time after 65 as well.

Thanks for any input. Current economic condition has me a little bit scared.

Answer: i think you are fine, your house is paid off, you have savings or cash that you can get too if you need it, but do you seriously see yourself going through the 300k in a year? cause i really wouldn’t think so on top of that you still have 14 years to retirement because you are making fairly good money and your house is paid off that’s a bill that the money can be earmarked for your savings..i think you are doing great and hope to be near that mark in a few years….the first answerer obviously has quite a higher standard of living…but as long as you aren’t planing on being her neighbor…carry on….

Dita conferenza Jamboree (single)