spectrallight
Dryer sheet wannabe
Greetings! I guess I am not asking "can I retire?" since I already pulled the plug. But lapsed Roman Catholics like to confess and hopefully, come away feeling good.
Salient facts about me:
I retired a couple of months ago mainly because the job was, for me, beyond stressful -- getting into death march territory. Didn't pay well, either. My late husband died at age 57 so as they say, I've seen that movie before . . .
I know a lot members here pull the plug with a lot more certainty, but it appeared to me I was OK if I can keep my spending in the $30k - $40K range, going forward. Shouldn't be too hard.
I will be in line to get survivor's SS in a year and a half -- $1200/mo.
As a final note, I expect to inherit (I am in the will of a close relative who is over 90). This fact did influence my decision to retire, but only by about 10 to 20 percent.
It would be very out of character for this relative to change the will, however, it's possible. I would rather shoot myself than sue a family member over an inheritance. So, luckily, I am confident that without any inherited money, I will be fine.
Because my partner's income is contract-based and he is 68, I have to assume this income stream could end at any time. However, he has been pulling in about $5,000.00/mo. We own the house together, and split the mortgage and expenses.
What do you think? Thanks for any replies and for all the help I have already gleaned from this forum, from very smart people.
Salient facts about me:
- 57 years old
- Liquid assets 25X annual expenses, 10/40/50 cash/fixed/equity
- $9,000.00/year FERS pension
- Outstanding mortgage debt $119,000.00; 10 years remain on 4.4% loan
- FEHB health insurance in retirement
- LTC policy $250.00/mo.
- No kids. Live-in partner of 20 years age 68 brings in considerable income, gets SS but has no pension or retirement assets, has Medicare but no LTC.
I retired a couple of months ago mainly because the job was, for me, beyond stressful -- getting into death march territory. Didn't pay well, either. My late husband died at age 57 so as they say, I've seen that movie before . . .
I know a lot members here pull the plug with a lot more certainty, but it appeared to me I was OK if I can keep my spending in the $30k - $40K range, going forward. Shouldn't be too hard.
I will be in line to get survivor's SS in a year and a half -- $1200/mo.
As a final note, I expect to inherit (I am in the will of a close relative who is over 90). This fact did influence my decision to retire, but only by about 10 to 20 percent.
It would be very out of character for this relative to change the will, however, it's possible. I would rather shoot myself than sue a family member over an inheritance. So, luckily, I am confident that without any inherited money, I will be fine.
Because my partner's income is contract-based and he is 68, I have to assume this income stream could end at any time. However, he has been pulling in about $5,000.00/mo. We own the house together, and split the mortgage and expenses.
What do you think? Thanks for any replies and for all the help I have already gleaned from this forum, from very smart people.