Thx for your thoughtful replies & taking the time to do so. I really pleased that u all think we r good to go...but I'm scared....lol ,,,,I guess I need to grow a pair!! I did neglect 1 expense & that's charitable contributions which is right around 10% of our annual income....ooops.
In response to your questions:
Eric: I did not factor in subsidies at the lower income level because I was too lazy to try and figure out what they would be & not sure how much we would still be earning so may not qualify anyway. I also wanted to err on the side of it costing more than it truly will.
Index funds: This is going to be a difficult one for me. As I get older and less involved with my portfolio I expect I will switch over to primarily index funds & a bond fund. But I've been fortunate and really done well with the investing, I wouldn't be in this position otherwise. Hold on.....my annualized rate of return (CAGR) since 2001, as of this evening is 17.74% Taaaa Daaaa!!! Crazy, I know, but I've lucked out and picked some great stocks.....not because I'm smart.....I'm lazy ....I subscribed to Motely Fool stock advisor, & from their recommendations, I managed to buy most of their best recommendations and hold on through all the ups & downs. My portfolio was down to -1.8% annualized return at one point in 2008 or 2009....I forget which year it was and I " doubled down" with all the available cash I had at the time (I live in Vegas after all... lol). Long-term buy & hold has served me well. For my taxable acct. My plan is to gradually transition into the strongest companies of the US dividend champions & challengers...not necessarily the ones with the highest dividend, and still maintain some diversification.
http://dripinvesting.org/Tools/Tools.asp (you can go to this site & click on the spread sheets under "information")
rmendpara: see above ;)
I've checked on line for a "by the hour" adviser in Vegas & the minimum they want just to talk to me to do a portfolio analysis & make recommendations is between $800 -$1000. Call me a cheapskate but I can't bring myself to pay that much.
OK....ready for more suggestions & disagreements with my plan. :)
Thx Again!