Years ago when on-line systems would generate a password for you (remember those?) some app assigned me fishfarmlady. I never used it for a password but kept it as a username because that darn computer knew me well. I like to Fish, we have a weekend Farm, and I suppose at times I am a Lady. My mother always told me I should be one, but at times I disappoint.
I'm 55 in August 2014 and hit the golden milestone at megacorp to retire with pension. It is a reduced pension that increases until it maxes out if I wait til 60. Still, not a bad gig at 55. DH (see, I'm reading and learning the lingo) was handed ER about 3 years ago, not in our plan, but we have survived. He is 6 years older, and LOVING the sloth life. I'm so envious those mornings I am up at 4:30am to head for the airport for another drudge week of business travel, and he is still in deep sleep. Heck, I'm envious those mornings that I don't leave the house until 8am, and he is just cracking his iPad to read the morning news.
Last weekend we graduated the last one from college.
Have paid for four sets of college tuition over the last 10 years so this last graduation was a major tearful milestone -- yeah, yeah, happy they all graduated, but even happier to have written the last tuition check!
We are good on retirement savings, eg 401ks and rollovers. Have been maxing out for almost my entire career. We can tap those if needed since DH is past the mark. My pension should cover about 60% of a generous monthly expense budget we have made. We don't live high, but I'm the worried planner -- are you SURE that is enough?
We are asset rich and cash poor, especially after 10 years of tuition from cash flow. Due to earlier setbacks we did not have a huge store of savings for college so had to do this from income.
We have a paid off city house, a weekend farm with house and 160 acres free and clear, two good vehicles with no loans and a cheap little RV we enjoy 4-5 times a year.
We are selling our big house, moving smaller in a couple of months, but about break even on price. Expenses will be less in the smaller house but it is newer and in a better location so the price is about the same. I know this next year will have move-in costs, and "we need a new sofa to match the carpet" syndrome will certainly set in. Gotta get past this hump.
My worry is cash. I want to join the class of 2015 but need a cash goal to get there. Get moved and settled in new smaller house, then stash the cash -- so I'm sucking into OMY.
Let me say, our financial planner rolls his eyes and says YES YOU CAN DO THIS but I'm in that chicken phase and need a shove over the edge.
I have a list longer than my arm of things to do in Act 2.0. Lots of hobbies and volunteering and travel and friends who are already there and waiting for us.