jimnjana
Thinks s/he gets paid by the post
Intro/Recap
I've been enjoying the board for several months now and have made some posts, I wanted to post my situation as I count the days until I leave my job…
My wife and I are retired Army, our combined net monthly retirement will now is about $6900, expect this will be about $7300 after COLA and increased disability (spouse is VA rated at 70% ) later in year.
Earlier this year we sold a vacation property and paid off our primary mortgage. Our debt to net income ratio (on our mortgage + property taxes + insurance on both homes) is about 32%(considering just pension income) which I project will fall to about 30% next year, after COLA increases. We currently have a property for sale and intend to use the proceeds to purchase another vacation property and use a portion of the proceeds to pay down our mortgage on our second home.
After expenses and budgeted items we expect to have about $1000 month left. We have ample emergency funds, and have put about $250K in retirement savings.
I went back to work last October with the Army as a civilian, after separating from the Army in April 2007. By Jan 2008, I had decided that I’d be leaving my job in the fall. Nothing against the civil service, this was more of a decision about what I wanted from life.
In the next few weeks I’ll be giving my immediate supervisor the formal “Its been great, but I gotta go” Notice, he knows what my plans are and has been great.
What’s next?
After my wife retired in Jan 06, she started an at-home travel agency which keeps her busy, and gets us some great deals... so we will be doing some traveling. … this year we are gonna try the “snowbird” thing in Florida, While it really doesn’t snow much in Atlanta, the concept is the same.
Jim
I've been enjoying the board for several months now and have made some posts, I wanted to post my situation as I count the days until I leave my job…
My wife and I are retired Army, our combined net monthly retirement will now is about $6900, expect this will be about $7300 after COLA and increased disability (spouse is VA rated at 70% ) later in year.
Earlier this year we sold a vacation property and paid off our primary mortgage. Our debt to net income ratio (on our mortgage + property taxes + insurance on both homes) is about 32%(considering just pension income) which I project will fall to about 30% next year, after COLA increases. We currently have a property for sale and intend to use the proceeds to purchase another vacation property and use a portion of the proceeds to pay down our mortgage on our second home.
After expenses and budgeted items we expect to have about $1000 month left. We have ample emergency funds, and have put about $250K in retirement savings.
I went back to work last October with the Army as a civilian, after separating from the Army in April 2007. By Jan 2008, I had decided that I’d be leaving my job in the fall. Nothing against the civil service, this was more of a decision about what I wanted from life.
In the next few weeks I’ll be giving my immediate supervisor the formal “Its been great, but I gotta go” Notice, he knows what my plans are and has been great.
What’s next?
After my wife retired in Jan 06, she started an at-home travel agency which keeps her busy, and gets us some great deals... so we will be doing some traveling. … this year we are gonna try the “snowbird” thing in Florida, While it really doesn’t snow much in Atlanta, the concept is the same.
Jim