Plan

  • Simplify and organize to to retire comfortably.
  • Live off returns from assets and keep the base.
  • Have all the major items we want.
  • Complete the divorce and pay off house and boat.
  • WSFS Consulting as long as its fun (abt $20k/yr).
  • Volunteer time to environmental and other organizations.
  • Evolve the family history to pass on to kids.
  • Hobbies include boating/fishing/crabbing and water related.
  • Some travel each year (boat, van, air).
Budget Value Factor Annual Action
Monthly
Home - HOAs 600 12 7,200 V E
Health - Insurance 500 12 6,000 V E
Home - Food 500 12 6,000 V E
Entertainment - Local Venues 250 12 3,000 V E
Home - Insurance 235 12 2,820 V E
Home - Electric (Delmarva) 200 12 2,400 V E
Home - Internet 200 12 2,400 V E
Home - Services 200 12 2,400 V E
Shop 200 12 2,400 V E
Entertainment - Video Services 150 12 1,800 V E
Health - Services 130 12 1,560 V E
Auto - Gas & Supplies 120 12 1,440 V E
Home - Phone (Verizon) 120 12 1,440 V E
Health - Supplies 100 12 1,200 V E
Hobby - DAWG 100 12 1,200 V E
Home - Supplies 100 12 1,200 V E
Other - Misc 100 12 1,200 V E
Hobby - Aquarium 50 12 600 V E
Hobby - Learning 50 12 600 V E
Hobby - Reading (Fiction) 50 12 600 V E
Quarterly
Finance - Taxes 5,000 4 20,000 V E
Home - Utilites (QAC) 450 4 1,800 V E
Finance - Life Insurance (Genworth) 195 4 780 V E
Bi-Annual
Home - Property Taxes 2,800 2 5,600 V E
Annual
Entertainment - Travel 10,000 1 10,000 V E
Entertainment - Gifts 2,000 1 2,000 V E
Hobby - Boat Gas & Supplies 2,000 1 2,000 V E
Home - Improvements 2,000 1 2,000 V E
Auto - Insurance 1,500 1 1,500 V E
Hobby - Boat Maintenance 1,500 1 1,500 V E
Hobby - Boat Slip & Storage 1,500 1 1,500 V E
Auto - Maintenance 1,000 1 1,000 V E
Hobby - Boat Insurance 1,000 1 1,000 V E
Hobby - Fishing & Crabbing 1,000 1 1,000 V E
Hobby - Genealogy 500 1 500 V E
--- --- --- 99,640 ---

Asset Value ROR Income Action
WF - Brokerage 718,000 5.0 35,900 V E
ML - IRA (Ron) 379,000 5.0 18,950 V E
FID - Danaher 401k 357,000 5.0 17,850 V E
FID - BD 401k 238,000 5.0 11,900 V E
ML Taxable 207,000 5.0 10,350 V E
John Hancock 190,000 5.0 9,500 V E
WF - Brokerage IRA 111,000 5.0 5,550 V E
Danaher Pension 80,000 8.0 6,400 V E
ML - IRA Roth (Ron) 41,000 5.0 2,050 V E
Social Security 38,000 100.0 38,000 V E
FID - Rollover IRA (Tivity) 26,000 5.0 1,300 V E
CSA Medical 401k 0 5.0 0 V E
WF - Savings 4569 0 4.0 0 V E