Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
1st Monday of Retirement
Old 07-21-2008, 08:09 AM   #1
Confused about dryer sheets
 
Join Date: Dec 2006
Posts: 7
1st Monday of Retirement

Celebrated My 55th birthday on July 13th retired on July 18th after 34 years at an Insurance company. I was a Trainer for the last 20 years, so job was very stressful. I have been a lurker for the past 2 years. This forum has answered a lot of questions or pointed me in the direction to prepare for early retirement.

I did not retire with a 1,000,000 but I'm very resourceful and will make the best of what I have. I have about 560,000 between a 401k and the lump sum from a pension. My pension was penalized about 40% because of the early retirement. I know that staying any longer would not have been good for my mental or physical state of being.

I'm married and my husband is not eligible to retire for about 7-10 years. I was fortunate to get on his medical plan that reduced the cost of medical by 200 dollars. I also have a Long Term Care policy that will cost about $18.00 a month
that I will continue to pay. I took the policy out when it was first offered in 1992 under the group plan. I know that may have been an over kill but compared to the what it would cost today at my age, I'm glad I did. It also has some perks that is grandfather today, that is no longer being offered.

I live about 18 miles west of Atlanta.

Enough of an introduction,
__________________

__________________
destiny1 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-21-2008, 08:56 AM   #2
Thinks s/he gets paid by the post
Rambler's Avatar
 
Join Date: Jul 2007
Posts: 2,247
Welcome Destiny1. Just because you don't have a mil doesn't mean you're not wanted or appreciated in this forum. Some of us have, some don't, but we learn a lot from each other. Keep us posted, please, on your transition.

Look fwd to hearing more!

R
__________________

__________________
Rambler is offline   Reply With Quote
Old 07-21-2008, 10:19 AM   #3
Thinks s/he gets paid by the post
Coach's Avatar
 
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,127
Congratuations, Destiny1!

Rambler is right -- there are lots of sub-millionaires on here. And I find their stories most interesting. Creative retirees are the real inspiration.

Welcome!

Coach
__________________
Coach is offline   Reply With Quote
Old 07-21-2008, 10:42 AM   #4
Recycles dryer sheets
 
Join Date: Feb 2008
Posts: 50
Welcome Destiny1! You will do fine! Congratulations! There is so much savings in retirement you will find you hardly spend as much money as working. You only spend on what you really want... not work clothes and gas to commute etc. Have fun relaxing and you are right about preserving you mental and physical health.
__________________
blessed is offline   Reply With Quote
Old 07-21-2008, 04:09 PM   #5
Confused about dryer sheets
 
Join Date: Jul 2008
Posts: 5
Congratulations and welcome ! I think you did the right thing getting out for your well being. I'm sure you will do fine. Enjoy yourself and all the things you have been looking forward to in retirement!
__________________
The Wanderer is offline   Reply With Quote
Old 07-21-2008, 05:35 PM   #6
Recycles dryer sheets
Steve O's Avatar
 
Join Date: Dec 2007
Posts: 291
Congrats

I also quit my job on the 18th and today is my first Monday of retirement

Obviously great minds think alike
__________________
Steve O is offline   Reply With Quote
Old 07-22-2008, 10:29 AM   #7
Confused about dryer sheets
 
Join Date: Jul 2008
Location: Eagan
Posts: 6
I also retired this year at 55 years old after 30 years in the insurance industry. Job was too stressfull and had to go. Have about the same amount of assets. I think you will do fine.
__________________
uswpas15 is offline   Reply With Quote
Old 07-22-2008, 01:27 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,435
Welcome to the forum. Looks like you have your ducks in a row so I think you will be fine. Lot's of useful advice here so stay in touch.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Monday Milestones! SecondCor521 FIRE and Money 36 05-24-2010 01:35 PM
1st right of refusal lazygood4nothinbum FIRE and Money 15 05-01-2008 03:40 PM
New Music Monday Sarah in SC Other topics 8 08-08-2006 07:45 AM
Monday Blues laurence Young Dreamers 17 06-10-2005 09:43 PM
Black Monday? wabmester FIRE and Money 12 05-13-2004 11:56 AM

 

 
All times are GMT -6. The time now is 10:53 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.