[USER]

My husband and I are planning to retire next year and move overseas. Our annual expenses are about $50k. He will be 59 and I will be 54.

A majority of our investments are in pre-tax retirement savings accounts invested in equities that track the S&P500.

Combined it’s about 900k. We have cash savings of about 30k in a HYSA. We will sell our house to reclaim the equity of about $250,000.

I know I’m not balanced well with most of our savings in the pre-tax.

I suggested to my husband that we put the funds from the sale into a brokerage account.

I’m not comfortable investing in individual stocks but would prefer ETF’s or something that self-balances because I’m not that stock-savvy.

I would love any advice on what to do with these funds.

Thank you so much!

[Angelo]

Very curious to know where you’re moving overseas for the $50k annual spend?

I’ll be in a similar situation (single) in 8 years. Currently shopping around for places to live / hop around to.

Will you be renting or use some of the funds from the home sale to buy a cheaper house?

It seems like you may want to do a brokerage with a combination of funds in a target retirement account (for age 65)? And then ETFs and reallocate as you get older to bonds / more stable holdings.

And possibly increase your cash to 1 year / $50k vs $30k? Just in case as a contingency for your move.

Have you looked at connecting with an advisor to estimate your asset allocation as you age?

[Ang]

Yea definitely put in a brokerage account and not into stocks, too risky as you will need to have access to it in the near future.

Consider money market or a stable ETF.

Also look into Roth IRA conversions so you can convert your retirement accounts before the qualified age.

[Kacee]

just a thought: Maybe rent out your primary house while you are overseas and test that out a year to see how that works out.

Living there will be different than what you may think, so hold off on selling your home till you are certain…?

[Author]

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