Dear Quentin, I am a 49-year-old married man. My wife and I have no children, live in Maryland and have $75,000 in liquid savings. I’m thinking of putting $50,000 into a one-year CD at 4.5%, but my wife keeps telling me to wait and see how my job goes. We have $90,000 in a 403(b) retirement plan, $280,000 in our portfolio (80/20 stocks/bonds), $18,000 in a traditional IRA and $10,000 in an emergency fund. We own three vehicles, which are all paid off.
I will be going back to work next month after a five-year hiatus due to a medical issue. I wasn’t working during those five years and had to live off our savings, odd jobs and my wife’s income. My monthly take-home pay will be $8,500, and my monthly expenses are $4,000. Outside of our mortgage, we have zero debt. We owe $90,000 on a home valued at $365,000, which I hope to pay off before retiring.
“‘I will be going back to work next month after a five-year hiatus due to a medical issue. I wasn’t working during those five years and I had to live off our savings, odd jobs and my wife’s …
Article Attribution | Read More at Article Source
I will be going back to work next month after a five-year hiatus due to a medical issue. I wasn’t working during those five years and had to live off our savings, odd jobs and my wife’s income. My monthly take-home pay will be $8,500, and my monthly expenses are $4,000. Outside of our mortgage, we have zero debt. We owe $90,000 on a home valued at $365,000, which I hope to pay off before retiring.
“‘I will be going back to work next month after a five-year hiatus due to a medical issue. I wasn’t working during those five years and I had to live off our savings, odd jobs and my wife’s …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]