I meet with the administrator of our retirement plan tomorrow and look forward to nailing down:
- what our monthly contributions should be to retire age 65 with 75% of current salary;
- what our monthly contributions should be to retire age 65 with 100% of current salary (omg that seems nuts but heck why not know the number);
- and the biggie: what our current allocations should be to achieve any or all of above.
I predict we have too many domestic equities (vs having at least some international stocks). But at this point I’m talking out the wazoo.
Considering one’s age & risk tolerance are key, sure. Yet it’s perspective and context that I crave from tomorrow’s discussion (a follow-up to this first meeting).
Beckoning to tomorrow’s planner:
Help us afford more than tooth picks & water during our sunset years!
More to follow post meeting manana.
Our retirement plan administrator TIAA-CREF