I just retired at the end of May 2020 after turning 65. Like you, I had enough of the corporate BS and dealing with travel. I'm currently living off my 401k, and I haven't touched SS yet. I plan to start receiving SS next year in July 2021 which is my full retirement age. I'm taking out $4k/month from the 401k and I receive $3100 take home after fed and state taxes. I also get a pension of $1400/month, but I'm paying medical from my wife and myself, so after that cost, my take home pension is $760/month.
My wife and I have 5 IRA's that we haven't touched yet, and one ROTH.
|