I had a good visit with the bank Tuesday this week. For the last couple of months, Laura and I have been "concerned" about how quickly she'll need to go back to work, and when I'll be ready and able to do something productive (and maybe earn some money too). We have "enough" to last for a couple more years, and we'll probably be OK once my LIRA kicks in at age 55, but we'd like to travel while we're still able and travel insurance isn't a big obstacle.
Well, I kinda expected that we were OK, but my meeting with the bank confirmed it. Barring another economic meltdown, and the federal government becoming insolvent, we should be just fine for the rest of our days (their projections only go out to age 90 - so I think we're OK with that). Anything we can earn between now and then is a bonus. As long as we keep spending at a reasonable level, we won't run out.
It's amazing how the third-party analysis gives you some confidence in what you have and what you've done to get it.
No comments:
Post a Comment