I am trying to determine if I need to retain an investment/tax advisor before retiring to adjust the different pots my money is now in. I am 53 years old in March and am considering going part time in 2025. I would work just enough at that point to get health insurance - until I turned 59-1/2, when I plan to retire outright.
Healthwise, I will be on one medicine the rest of my life which costs about $4,000 USD a month. There is no generic, so I need the health insurance. I suspect I will not live to be 80, as no male I descend from ever did so, and my mother died at 62 (there is much cancer in my maternal lines).
My partner and I live in Kentucky. We will retire here but may travel some. I make $82,500 a year. My partner and I have always consistently lived below our means. We have no debt and no dependents.
Here is where my money is (his money is separate and not the focus here):
- Fidelity Roth IRA: $344,719 (FZROX + VTSAX)
Fidelity Rollover IRA: $953,167 (FZROX + VTSAX)
Fidelity Individual: $75,002 (VYM - $37,501 + VUG - $37,501)
Fidelity Health Savings Account: $38,691 (FZROX)
Merrill Roth 401(k): $98,096 (VIIIX)
Ally Savings: $50,000
Home (owned outright): $225,000.