Hi,
I've been lurking here for awhile. In 2009, my dear mother passed away and left me with a sizeable inheritance. All told, my current net worth is a bit over $3 million. I have no debt, own my home outright and live on a modest federal government salary. The only reason I haven't made the leap to ER is the low cost health insurance I could carry into retirement (if things stay the way they are).
The problem is that I'm unhappy where I work. I could retire in early 2016, with a reduced pension and keep the health insurance. Or....I could plan my escape, work part time (self-employed), and see what the exchanges bring in October.
The only two things I have decided are (1) that I will not retire until at least year end, and (2) I need to sit down with a financial planner and determine the best AA for me. I didn't want to do anything rash with such a large windfall so I've been sitting on an extremely large cash position and that just will not do.
So I am asking, if there is anyone reading this who thinks I should work another 2 years and 7 months just to keep the health insurance? My mother was quite frugal and the thought of spending more on health insurance than I might need to, might cause her to roll over in her grave.
The question is, do I live for her memory, or live for me?
Thanks in advance for your input.