Need to retire in 10 years and will have about $300k in investments/savings….
All the fin gurus and super tables seem to indicate I need a huge amount of $$$ so I can live off the interest.
I want to draw down the capital too, so I can quit working and enjoy.
If I did this I would have 300k left when I die, to line the coffin with.
Or my 3 kids would get it – better idea- but they would be maybe 50 or 60years old then and already made their own way in life.
Am I just a typical greedy babay boomer or am I thinking right.
I have been helping the children along the way, and will continue to do this.
I will have a house and a few $$$ to leave them when I depart for good.
GIDDOGoodluck.
Byronent
Adelaide SAI reckon you should set yourself so that you can enjoy your money, if that is your goal. The kids can fend for themselves. i’m sure they’ll survive.
[biggrin]Jason,
I reckon you can do both, enjoy your money and still plan for the kids.
Byronent
Adelaide SAHi Giddo,
Are you saying you aim to have $300K when you retire? Or that you can access $300K now to further your retirement plans.
Don’t forget that you can (if you wish) add any spare equity into your calculations when you calculate your leveraging capacity.
Derek
[email protected]Property investment advice and researched property in quality locations available.
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