The key question is: Can you live on 60K annually in Southern CA

900K could generate avargely 36k income every year, plus your 24K SS benefit.

If it is a yes, then, the question is how to allocate your asset:

1. 401 k should be in an income fund, you can look fidelity or any other brokers' MF list. Income fund is used by a lot of retirees whose income depends on the investment. 4% withdrawal should also give some fence for inflation in the future.

2. 100K should be in a safe place you can get any time, a money market is ok, or even ladder CDs so earn more interest. It should be treated as emergency fund, i.e. only used for special occasions, such as illness, a big downtown on the market so you can not take any investment income from above. This is almost 3 years of your annual spending ( SS is always there). Enough for most people.

3. House: Don;t touch it until much later, such as nersing home, then prepare for reverse mortgage when you need more money or just sell. This is also a line of defense for you for emergency (by home equity credit)or inflation.

If 60K is not enough for routine life, considering moving to a cheap area. I bet 60K is enough for a retired couple to live decently in a lot of areas. 

所有跟帖： 

• 很有见解， 顶一下！ -螺丝螺帽- ♀ (0 bytes) () 03/29/2012 postreply 06:59:33

• :). Thanks. -Morning3evening4- ♂ (0 bytes) () 03/29/2012 postreply 09:16:07

• 说得好。阿毛是投坛为人民服务的 financial advisor! ：） -laoyangdelp- ♀ (0 bytes) () 03/29/2012 postreply 08:31:45

• It is free at this moment.:). -Morning3evening4- ♂ (0 bytes) () 03/29/2012 postreply 09:16:44

• 34大老,1-3都听的很中.4不容易. 很少老中搬离S CA.如不golffishfinseacucumber...60K差不多 -sinke- ♂ (0 bytes) () 03/29/2012 postreply 09:15:43

• Then, a part-time job should cover extra expense. -Morning3evening4- ♂ (0 bytes) () 03/29/2012 postreply 09:17:40

• 不过 $5/H part time job还不如到这里来灌水 -sinke- ♂ (0 bytes) () 03/29/2012 postreply 09:20:52

• 其实你什么都安排好了。看你以前的旧帖子就知道你都考虑过了。 -Nonsense123- ♀ (0 bytes) () 03/29/2012 postreply 09:56:12

• 大老您有CIA的经研? -sinke- ♂ (0 bytes) () 03/29/2012 postreply 17:30:13

• In CA, minimal salary is 5/h? -Morning3evening4- ♂ (109 bytes) () 03/29/2012 postreply 09:58:39

• 在CA,除了灌水上饭馆教会trail修屋顶操房产,还能做十么? -sinke- ♂ (0 bytes) () 03/29/2012 postreply 17:29:04

• 我读到的信息是，４０１K到了６６岁以上每年必须要拿出一部分的， -圆西瓜- ♀ (60 bytes) () 03/29/2012 postreply 10:06:47

• I remember at age 70. The amount is total amount divide by 20. -Morning3evening4- ♂ (78 bytes) () 03/29/2012 postreply 10:09:45

• you are right. 他们有90万，所以每年的minimum withdraw 只有1万多 -laoyangdelp- ♀ (0 bytes) () 03/29/2012 postreply 10:29:09

• 90/20 = 4.5w/year -sinke- ♂ (0 bytes) () 03/29/2012 postreply 17:32:03