An up stock market is more fun than a collapsing one and I've been keeping an eye on our Retirement Accounts lately. 401ks, profit sharing accounts and IRAs are at $243,000 - so we've almost hit the quarter million mark. I know it is only a number but it is a milestone so I'll be happy to see it go over that. Hopefully once it goes over that number it will stay there, but I have a feeling this zooming stock market is going to correct itself fairly soon.
In addition to that, my husband has two defined benefit pension plans which will help to support us in retirement. They both allow for a spousal payment (joint annuity) but one of them pays nothing if DH dies or retires before age 62. Our family joke is always that is the company's method of making sure the spouses don't kill off the executives before their time.
I don't count our primary Investment account which mostly holds DH's company stock bonuses in that retirement amount because it isn't a retirement account. We've been talking recently about cashing some of this out and diversifying into real estate, but selling is kind of tricky due to Insider Trading restrictions.
Retirement Savings
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So, it is a lot of hoops. I would like to cash out a big chunk right now and invest in a rental house and then start letting them accumulate again.
You are right, especially when you consider our pension incomes are already tied to that one company, it is a lack of diversification to hold so much of the stock too and it brings risk.
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Jerry