Congratulations Zeno, happy to hear your family is on schedule to launch the "SS Zeno Retirement Dingey" Sounds like you prepared well over the years for this special time and now you can relax as you glide into retirement - which will be here before you know it! Thank you for sharing with us your path to retirement and your plans with Vanguard PAS and your CFP.Zeno wrote: ↑Thu Nov 17, 2022 12:49 pm DW and I remain on schedule to launch the "SS Zeno Retirement" dingey on June 15, 2023.
Leading up to that, this morning we just hired Vanguard PAS and now have a dedicated CFP. For a fee of $2K per $1M AUM, they will manage our finances. Within five days, they will execute all necessary trades in a tax efficient manner to: (1) reset our AA; and (2) ensure our various investments sit in the right accounts (retirement/qualified, taxable). Our initial withdrawal rate will be 2.4%. They will rebalance once a quarter. If we elect to do Roth conversions, we can connect our tax advisor to our PAS CFP so the two of them can sort out how much to convert annually between 2023 and when we hit the RMDs. We also have an "enhanced" dashboard on the Vanguard website. And we can chat with our CFP as necessary.
In a word, we now -- and again, there are two of us -- have peace of mind heading into the decumulation phase after decades of successfully self managing our finances during the accumulation phase.
I love your phrase "I'm looking forward to no longer fretting about finances." Very descriptive and very accurate for so many. Please let us know your retirement activities and how your charitable endeavors work out.Zeno wrote:In retirement, I'm looking forward to no longer fretting about finances while continuing to engage in various charitable endeavors, focused on less fortunate fellow human beings as well as creatures large and small. It is truly a wonderful time of life.
Yes for sure, it is truly a wonderful time of life.