RCP61
Confused about dryer sheets
Retiring with mixed emotions at 55
Hello, I am new here and I am pulling the plug now at the age of 55 in washington state. I have mixed emotions in leaving a stable job with great benefits.
I want to admit my mixed emotions are mainly caused because I recently inherited well and although I was and somewhat successful before I would have in no way been retiring at 55
In a perfect world I would love to have been self made
My motivation in retiring is I am tired of watching friends and family getting sick and never have had the chance to enjoy retirement.. you only live once
I am single with no kids
10 years away from my pension that will pay around 2400 a month without any penalties and depending on my health I will take my Social security at 67
Family farm partnership pays me before tax around $24,000 a year for a North Dakota farm that is shared with my siblings
Paid off condo worth $250,000 that has a positive cash flow around $800.00 after real estate taxes and expenses that I currently rent out.
Around 2.2 million in taxable brokerage accounts paying dividends of around $55,000 per year conservative allocation around 50/50 bond / stock allocation
I was able to get my health care with the state employees retirement and it will be around $600 per month my unused sick leave and vacation will be able to pay for my health care for around 16 months in a health care savings account.
My housing costs are minimal right now of around $1000.00 per month, I need to sell the condo this year to take advantage of the tax situation to avoid a large capital gain tax. I can also decide to make it a long term rental and depreciate it
and other overall expenses total around $600.00 per month
I am a little concerned I won't be able to keep busy enough and I have always led a conservative lifestyle
I plan on trying to really focus on exercise and eating better and I believe that will be much easier not eating out so much like I did in my working career
I also want to volunteer at the local food bank and give back a little
I think I have a good plan but I need to put my good fortune to good use and expand my horizons a bit.
I will be traveling some and enjoy sports ... go Seattle Seahawks
Hello, I am new here and I am pulling the plug now at the age of 55 in washington state. I have mixed emotions in leaving a stable job with great benefits.
I want to admit my mixed emotions are mainly caused because I recently inherited well and although I was and somewhat successful before I would have in no way been retiring at 55
In a perfect world I would love to have been self made
My motivation in retiring is I am tired of watching friends and family getting sick and never have had the chance to enjoy retirement.. you only live once
I am single with no kids
10 years away from my pension that will pay around 2400 a month without any penalties and depending on my health I will take my Social security at 67
Family farm partnership pays me before tax around $24,000 a year for a North Dakota farm that is shared with my siblings
Paid off condo worth $250,000 that has a positive cash flow around $800.00 after real estate taxes and expenses that I currently rent out.
Around 2.2 million in taxable brokerage accounts paying dividends of around $55,000 per year conservative allocation around 50/50 bond / stock allocation
I was able to get my health care with the state employees retirement and it will be around $600 per month my unused sick leave and vacation will be able to pay for my health care for around 16 months in a health care savings account.
My housing costs are minimal right now of around $1000.00 per month, I need to sell the condo this year to take advantage of the tax situation to avoid a large capital gain tax. I can also decide to make it a long term rental and depreciate it
and other overall expenses total around $600.00 per month
I am a little concerned I won't be able to keep busy enough and I have always led a conservative lifestyle
I plan on trying to really focus on exercise and eating better and I believe that will be much easier not eating out so much like I did in my working career
I also want to volunteer at the local food bank and give back a little
I think I have a good plan but I need to put my good fortune to good use and expand my horizons a bit.
I will be traveling some and enjoy sports ... go Seattle Seahawks
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