Re: Got ER pension offer
I'm planning on ER in 18 months when I can sell my house without capitol gains tax. *I will need to sell the house to have money to live on until all my pensions and SS kick in. *
I will buy something less expensive or rent and then will start my pensions at the earliest opportunity, and SS at 62. *I mapped out each year, whether my living expenses were met by my nest egg and added in pensions when they each start. *Then SS at 62. *I was able *to figure that I had plenty to live on each year *factoring in inflation and 4% increase. *
I'm not going to tap my 401K or IRAs until 59.5 or later.
And as you mentioned, going back to work is always a possibility. *
Good luck, it's a big decision.