“Greetings Andi, Joe, and Roll Tide Big AL! I really enjoy your show and appreciate the information you bring to the listeners every week. A lot of the material I read very often has made me aware that I’m a bit behind compared to others in retirement savings. I would appreciate it if you could give me a spitball on if I’m on track for retirement. I’ll try to keep it as brief as possible for Joe. Personal details: I’m 44, and my wife is 46. I drive a 2017 Honda CRV, and my personal beverage of choice is a mojito. My wife and I plan to retire at ages 62 & 64. Financial details: Our household income is $160,000. I’ve estimated our annual expenses in retirement to be $50,000 in today’s dollars. (not adjusted for inflation) We have $300,000 saved in a combination of rollover IRA (200k), Roth IRA (50k), and Roth TSP (50k). I will have the benefit of carrying health insurance benefits into retirement, and after healthcare expenses and taxes my pension payout will equal roughly $25,000. The pension will have an annual cost of living adjustment (COLA). The pension also carries a 50% survivor’s benefit for my wife. My benefit for Social Security should I take it at 70 is $3500 per month. My wife’s PIA at full retirement age will be $1500 per month. Finally, our savings rate is currently 23%. I contribute 10% to the Roth TSP, get the match of 5%, and the rest we contribute to Roth IRAs for my wife and myself. I will plan on converting the traditional IRA dollars to Roth as soon as possible, but I really wanted to know if our plan is realistic. My math tells me that once we begin to draw my Social Security at age 70 we’re likely to have our expenses covered fully with fixed income, but I believe it’s better to over save than under save. Thanks for your time and any feedback you could provide. Mr. Anonymous, Atlanta, GA”

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