[USER]

I have about $1 million saved in retirement accounts some in Roths. I’m 46 and wife 42. I’m a teacher with a pension I’ll work until 57 to receive. A financial person said it would be about $40,000 per year. My house will be paid off and both my in laws and my parents are up there in years (very close to 80s). I do NOT want them to pass away soon at all (and all in good health!!) but I will buy out the other brother and my sister when they do and rent them out. My wife runs a very very small business that doesn’t make much but will own the building in a bad neighborhood maybe a little over $100k. I plan on paying for my two kids colleges as well, one is a senior and other starts middle school.

With all that background now may question is how aggressive in the market would you be? I am currently 80/20 stocks/s and p 500. Should I be more? LESS? My thoughts is that I can pull from a lot of other places if need be. Thanks for the help!!

PS: salary about $90k household.

Spending currently $5500/month before house being paid off in 3 years.

[Barbara]

I’m curious how you’ve saved so much at your age. Great job!

[Donna]

Consider that fixed income from a pension will take the place of bond income.

[Wilson]

We probably need to know your admiral expenses currently and what you expect when the kids go to college and then after that. So much depends on spending.

Also, I don’t see your income in your post.

Don’t miss: What’s the difference between VOO and VFiax when they’re both tracking the s&p 500?

[Jami]

I don’t know the answer to your question, but I know that you can directly access your pension. My teacher pension has a calculator where you can project the payout based on age, service years, and salary.

One of the simple joys in my life was calculating were I was at the end of each year.

[Dave]

You can be more aggressive than most given the pension. I think what you’re doing sounds good.

[Amy]

You still have many years in the market so aggressive is good. Would you say you are still in wealth building (be more aggressive) or wealth maintenance (less aggressive). Nice you will diversify with real estate.

Personally, I think the answer depends on what will you sleep better at night!!

Explore these too: Is rental income a better investment than the S&P 500?

[Author]

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