Got ER pension offer

Hi Boont,

Sorry I missed your reply until now.

I think you're right about that loophole concerning retiring at age 55, but I'm 53 and the ER offer from my employer expires later this year. It appears that the loophole won't work for me.

Do you (or others) have any other thoughts on my situation? I'm still torn between tapping the 401K for living expenses now vs. doing freelance/parttime work for a few years after ER in order to let the 401K build up for my old age.

[KB]

Bill J,

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.