Hello!
I just joined this forum today.
I'm 42, single, no kids. I was laid off from my full time job February 2011.
My mortgage was paid off earlier this year with a small inheritance.
I have no car payment, since my car was paid off long ago (but it does have 100K miles on it).
I was only making around $11.75 per hour in my job in an office. It was a small company, not much room to grow, so I sort of topped out below $12 per hour anyway.
I rolled over my 401k into an IRA a few months ago. There's only about $40K in it, nothing I can live on.
Still, my electric bill is under $30 a month, my gas bill is (currently) under $80 a month, and my water bill is (usually) under $40 a month. My health insurance is a private plan I got through a Dave Ramsey ELP. It doesn't have any preventive care or other stuff tacked onto it and it's a very high deductible, but it's only costing me $47 a month. My phone is a cheap-o prepaid phone and I buy around $60 of minutes and service time every couple of months or so.
I'm currently drawing unemployment benefits, taking a couple of graduate level classes (I have an MA in Spanish and an old teaching certificate I was able to get reissued so I'm going for a Rank 1 certification in Library Media). I'm hoping to land a part time job at the local public library. I apply for every job they post, and they post a new job opening maybe once or twice every week or so. Fingers crossed.
At this point, I don't know if I should keep thinking of myself as "underemployed" or if that is too depressing and I should just call myself "semi-retired" and try to enjoy it?
At what point would I be financially ready to be "semi-retired"? Should I try to keep working full time (assuming I can find a full time job) or just F**** It, Retire Early?
thanks,
Vicki
I just joined this forum today.
I'm 42, single, no kids. I was laid off from my full time job February 2011.
My mortgage was paid off earlier this year with a small inheritance.
I have no car payment, since my car was paid off long ago (but it does have 100K miles on it).
I was only making around $11.75 per hour in my job in an office. It was a small company, not much room to grow, so I sort of topped out below $12 per hour anyway.
I rolled over my 401k into an IRA a few months ago. There's only about $40K in it, nothing I can live on.
Still, my electric bill is under $30 a month, my gas bill is (currently) under $80 a month, and my water bill is (usually) under $40 a month. My health insurance is a private plan I got through a Dave Ramsey ELP. It doesn't have any preventive care or other stuff tacked onto it and it's a very high deductible, but it's only costing me $47 a month. My phone is a cheap-o prepaid phone and I buy around $60 of minutes and service time every couple of months or so.
I'm currently drawing unemployment benefits, taking a couple of graduate level classes (I have an MA in Spanish and an old teaching certificate I was able to get reissued so I'm going for a Rank 1 certification in Library Media). I'm hoping to land a part time job at the local public library. I apply for every job they post, and they post a new job opening maybe once or twice every week or so. Fingers crossed.
At this point, I don't know if I should keep thinking of myself as "underemployed" or if that is too depressing and I should just call myself "semi-retired" and try to enjoy it?
At what point would I be financially ready to be "semi-retired"? Should I try to keep working full time (assuming I can find a full time job) or just F**** It, Retire Early?
thanks,
Vicki