lem1955
Recycles dryer sheets
- Joined
- Mar 1, 2007
- Messages
- 315
I am 59, married, spouse is 68. I left my job as CFO for a manufacturing company three years ago, took employment at a non-profit, dropped to 70% time and took a salary that was about one third of what I had been earning. I stopped saving, except to participate in the organization's 403b Plan enough to get the match. I have had to take funds from taxable savings to make the retirement contributions. I have not touched retirement accounts and have managed to increase net worth in the past three years despite some borrowing and spending from taxable savings accounts. I'm enjoying the work at this non-profit and find it syncs with my volunteer activities in many ways. I am weaning myself from a paycheck, an identity tied to my work, and a routine. I'm finding the slow boat to FIRE suits me well. I am about to drop to 60% time, keeping my position as Finance Director of the non-profit. I'm undecided about how much longer to continue employment. My indecision is less about finances than it is about feeling useful. Financial assets are at $1.85M, Net worth at $2.28M. I'm curious about others who have decided to retire in stages rather than go cold turkey.