PIE314159
Confused about dryer sheets
- Joined
- May 24, 2014
- Messages
- 5
P { margin-bottom: 0.08in; } Have been a long-time lurker, coming out of the shadows now that plans for ER are in the process of being enacted by spouse (54) and self (56). Both of us reaching the end of our respective ropes in dealing with company business practices and questionable long term decisions.
DW ER'd after 31+ years in the tech field a couple of months ago. I will continue to work, with plans to wrap up 2014 with 8+ weeks of vacation starting in November, with ER finalized in January 2015 (after 32+ years).
Bulk of pension income comes from my company. Financial Planner has been telling us we've been good to ER for the last few years and our more negative/stressful calculations agreed with his, but picking the time to ER has always been a difficult decision given what happened a few years ago with the economy.
Kids out of college : No debt.
House paid for, but not included in net worth, budget estimates, or planning (other than upkeep).
No debt.
No health issues (yet).
Retirement War Chest = Roughly 2.5M by end of 2015 (conservative estimate)
Breakdown of 50/50 on Stocks & Bonds : Mixture of pre- & post-tax cash, 401Ks, & IRAs
Company Pension Income ~ $55K+/yr
Planned Retirement Expenses = $120K (20% above current lifestyle, use for travel while we can)
We basically arrived at our living expenses after comparing what our current lifestyle is, including what the company had paid for health-care (ouch!) against what we'd recently saw as full time nursing home care in this area, times 2. Admittedly, nursing home care is probably going to continue to grow faster than expected, but it was a good number to start with.
One countdown complete, one to go. The next six months are going to drag for me as I continue to exist in the cube-farm, In the mean time, we'll both will be going over the numbers repeatedly to make sure we haven't missed anything.